Why cutting your Time to Market matters: With an average daily figure of $32 per vehicle, dealerships cannot afford to turn a blind eye to their reconditioning process bottlenecks. Holding costs add up daily for every vehicle that is in recon and not on the frontline – online and on the lot – where consumers can see it and buy it.
CALCULATE Your Dealership's REAL HOLDING COSTS with our INTERACTIVE Holding Cost Calculator
5 ways to cut your TTM:
Speed approvals: Improving communication between recon and the UCM can reduce delays.
Set pre-approvals: Giving recon some level of authority can keep work flowing uninterrupted.
Structured phase times: Set a specific time frame for accomplishing specific types of work.
Compensate for vehicle-completion time, not per vehicle
Equip for quality and manage by clock: Make no allowance for less quality work, but beware of tendencies to over-condition.
