The Four-Day Delay That Could Be Costing Dealers over 100 Sales a Year
- Dealers seeking to maximise turnover, must opt for Smart Repair Preparation over Bodyshops
- According to Auto Trader the average used car takes 30 days to sell plus preparation time
- Smart Repairs can reduce vehicle prep times from five days to just one
New data has been reported suggesting that introducing Smart Repairs to the vehicle preparation process, can significantly improve stock turnover rates and increase sales at vehicle dealerships. According to the UK’s leading provider of mobile bodywork repairs, Revive! Auto Innovations.
The research suggests that dealers who opt for Smart Repair preparations to their vehicles rather than conventional bodyshop prep can significantly reduce their time to sale per vehicle, by multiple days in many cases. With the average time to sale sitting at 30 days according to Auto Trader, dealers cannot afford to spend more time over vehicle preparation and transportation. Some bodyshops take over 5 days to properly prepare a car for sale, whereas Smart Repairs can be performed on site and take, in most cases, less than a day to perform.
Over a full year the additional 4 days of preparation per car can significantly impact sales numbers. If an average used car dealership holds 100 cars in stock, each taking 35 days to prepare and sell, they can sell 1,042 cars annually. However, if those preparation times can be cut down to just one day, dealers could sell an average of 134 more cars each year, leading to increased revenue and importantly profit opportunities.
“It really puts it into perspective how much revenue Dealerships are leaving on the table when sticking to conventional preparation methods,” commented Mark Llewellyn, CEO at Revive! Auto Innovations. “Dealers have to address any and all opportunities to increase efficiency and sales prospects, with growing competition coming from all directions reducing the number of days to sale is essential to compete in the modern sales environment.
With the increasing average age of the UK car parc, dealers are being forced to look outside their normally pristine stock choices for older, lower quality vehicles that may not normally meet their exacting standards. Ensuring an efficient vehicle assessment and preparation process for each car is paramount for securing the highest possible profit margins for each vehicle.
Revive! revealed just last year the dramatically increasing backlogs, bodyshops are facing resulting in vast delays in getting vehicles prepared for sale. Many dealers are finding themselves let down by long waiting lists requiring them to either sell unprepared vehicles, likely to be cut down on price by buyers. Or seek other preparation options such as Smart repairs to maintain a high quality of stock for sale.
Llewellyn concluded: “By working with a specialist service provider like Revive!, dealers can save thousands. Revive! are determined to help dealers sell more cars profitably and save them money. Quality Smart repairs require advanced skills that Revive!’s IMI accredited technicians are specially trained in. Our national network of over 250 technicians covers all four corners of the UK and can come in any day of the week, to prep cars for sale in a fraction of the time it takes them to get through the body shop process.”
If you are interested in our repair services, please get in touch with our team now!
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