Did you know we publish weekly volume indicators?
Do you know what the trend in your Volume Indicators currently is? Which influencing factors are you seeing and feeling within your dealership? Look at the areas of your dealership that are seeing volume growth, and ask if you’re staffed correctly, or if there is a way to repurpose your staff to drive your business and profitability forward. Know where you’re going and communicate to your team with confidence and transparency so they can do their part to move the dealership forward.
Week 28 Update:
We are seeing Parts volumes for week 28 down 3 percent to the previous week (accounting for the holiday in week 27). June Parts saw near record numbers since before the pandemic began. July Parts is currently trending 6% down to June volumes, and 7% down to February Volumes. In Service we see a similar yet steeper trend with July 11% down to June and 15% down to February Volumes.
As businesses re-opened in June, we saw volumes return. However, with reported cases of Covid-19 increasing re-opening strategies are in question and we believe this is creating tentativeness in the marketplace. KEA Advisors anticipates July volumes remaining lower than June, although ahead of April and May as we head into week 29.
Contact KEA Advisors today, let’s have a conversation. We have the experience and resources to support you as you put together the right Business plan and sustainable ways to impact your Total Absorption even during these challenging times.
