How FullControl can improve your Used Car business
In this example, two similar Dealers’ trading position is shown.
Both sell the same number of cars, with the same selling price and
potential gross margin. But that’s where the similarity ends.
The FullControl Dealer uses his management reports and administration 'triggers' to manage his business more effectively.
Careful management of new stock ensures that cars are prepared promptly. Better stock appraisal and scheduling also reduces prep costs.
The FullControl system prompts price reviews at set times. As a result, car prices are more competitive and cars sell more quickly, leaving fewer to be traded at a loss.
FullControl enables Gross profit to be improved by £75k, an uplift of 17% vs. the average Dealer.
Trading losses and stocking charges are reduced through speedy preparation and frequent review of stock age and pricing.
As a result net profit increases through FullControl by a massive 45% - over £120k in this example.
| Average | FullControl | |
| Cars sold | 500 | 500 |
| Average SIV | £21,000 | £21,000 |
| Average Selling Price | £24,000 | £24,000 |
| Potential gross margin | £3,000 | £3,000 |
| Prep time (days) | 9 | 5 |
| Prep costs | £450 | £400 |
| Average selling time (days) | 46 | 36 |
| Average gross sales margin | £850 | £1,000 |
| Gross profit | £425,000 | £500,000 |
| Variance | £75,000 | |
| +17% | ||
| Write Down & Trading losses | £(75,000) | £(45,000) |
| Stocking charges | £(80,000) | £(62,500) |
| Net profit | £270,000 | £392,500 |
| Variance | £122,500 | |
| +45% |