F&I represented over 50% of a dealership's net profit last year according to CNW marketing research. In many dealerships it represents 100% of their net profits.
Your dealership retains the highest of revenue generated by your F&I department. Your only expense is commissions to your Manager(s).
The publicly traded dealerships have recognized this for years now. The average profit per retail for the most of the publicly traded dealer groups is $1,000 per retail and higher, why? They take ongoing training and F&I development seriously.
With our income development programs all the dealer needs to do is participate in once a month meetings with our F&I expert and Dealership Development handles the rest.
We develop and maintain processes and pay plans for your people. We also require on-going monthly training of your Finance Manager(s). |