Average Dealership Floor Traffic

As a digital marketing agency one of our most frequently asked questions is how we are going to turn online footprints into physical ones.

Average dealership floor traffic. The bureau of labor statistics bls reports that the average income for an automotive sales manager is 33 73 an hour based on 2006 data. Let s say a dealer makes a profit of 3000 per car sold. Epoxy garage floor cost. Some of these statistics are a few years old but believe me still hold.

As you might have guessed the mixed floor plan incorporates the straight diagonal and angular floor plans to create the most functional store design. Target customers need an incentive to chooseread more. These floor plan finance formulas incorporated with a dealer s turn time can help to make or break a dealership s profitability. Facebook marketplace posting software craigslist posting tools it is for car dealers rv dealers powersports dealers marine dealers tire and wheel dealers auto parts dealers auto wrecking yards shops trailer dealers tractor dealer bicycle dealers marijuana dispensaries.

Floor plan loans are among the safest of all financial instruments. The layout moves traffic towards the walls and back of the store. So lets assume that you currently have a floor plan line of credit out to a ford dealership that allows for 100 advances on the cost of new vehicles and requires curtailments of 10 per month for five months starting in october introduction of next year s models and then the borrower has the option to move the remaining outstanding to the used floor plan line of credit or payoff the balance. It is a solid layout for most any type of retailer.

Showroom sales statistics for car dealers. Homeowners pay an average of 2 164 to coat an existing concrete floor. If this dealer s holding cost per day per unit is 44 63 and their turn time to sell a car is 60 days they will spend 2677 of their profit holding on to a non selling car. Total project costs typically range between 1 433 and 2 950 materials and equipment alone will cost you 2 to 5 per square foot expect to pay a pro another 1 to 7 per square foot for labor.

But because inventories are so immense the car business is very sensitive to both floor plan interest rates and the tax treatment of interest expenses. A one percent rate increase can raise some dealership costs by millions of dollars. Even with the influence of the internet 90 plus of our customers are still eventually visiting the showroom and looking for a. An automotive floor manager closer might have different titles in a dealership or the business she works for such as a closer or sales manager.

Face it you could have a reach of 100 000 people or 1 000 website clicks but that doesn t necessarily mean you made even one sale. These floor plan finance formulas incorporated with your turn time can help to make or break your dealership s profitability.