Retention Roadmap: Navigating Service Success for New Car Dealerships

Bill Springer

There’s nothing worse than losing customers to independent garages and quick lubes after the OEM warranty expires – which happens 70% of the time! As a car dealership, your #1 goal is keeping customers — and to do that, you need quality employees, an optimized service department, and benefits that matter to your customers. Imagine transforming your service department into a powerhouse of customer retention and satisfaction. Picture a dealership where your team is motivated, your customers are loyal, and your service department consistently drives revenue and profit. That’s exactly what you’ll get from Retention Roadmap with Bill Springer. Bill is a seasoned expert in dealership customer retention, service marketing, and customer experience. In this podcast, you’ll get actionable insights, industry best practices, and real-life success stories from Bill, along with other industry experts. Each episode is designed to equip you with the knowledge and tools you need to enhance customer retention, improve employee productivity, and drive profitability. If you’re ready for that, subscribe now and start transforming your dealership. read less
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Episodes

Unlock Hidden Revenue: Optimizing Warranty Labor Rates and Parts Markup
Aug 6 2024
Unlock Hidden Revenue: Optimizing Warranty Labor Rates and Parts Markup
Imagine uncovering a hidden revenue stream within your dealership's service department that could add thousands to your bottom line every month—without increasing your workload. In this episode, Evan Kilchenstein, Major Accounts Specialist at Armatus Dealer Uplift, reveals how optimizing warranty reimbursement can do just that, transforming your parts and service profits overnight. We explore how dealerships can significantly increase their profits by ensuring their warranty labor rates and parts markups are on par with retail levels. Evan details the history and evolution of legislation that allows dealerships to request higher rates from manufacturers, and how technology has helped streamline these processes. We also discuss the importance of regularly reviewing and adjusting these rates to prevent leaving money on the table. Takeaways from this episode: How AI and proprietary software allow for faster, more accurate submissionsChallenges dealerships face when going through the warranty reimbursement processThe significant financial benefit that can be achieved by leveraging effective warranty reimbursement strategiesCommon mistakes dealerships make when trying to handle this process independently Resources: DriveSure Analytics Dashboard Video Social Media: Connect with Evan Kilchenstein on LinkedInFollow Armatus Dealer Uplift on LinkedInConnect with Bill on LinkedInFollow Roadmap Retention on LinkedInRetention Roadmap YouTube Channel