Chuck Hartle is the co-founder and President of PartsEdge, a powertool for Dealerships Parts Operations, helping to increase DMS utilization, improves efficiency, accuracy, and profitability with solid and consistent plans for eliminating all types of idle inventory in a Parts Operations. With over 40 years in the auto industry Chuck has the know-how and love for the industry that has enabled PartsEdge to identify the biggest needs of dealerships.
Today, Chuck Hartle shares insightful stories, including his own eye-opening experience with a fixed ops consultant, and provides practical advice on how to tweak and simplify your pricing strategies for better gross profits.
We'll discuss the critical role of realistic gross profit percentages, the impact of menu-priced items, and the hidden challenges of flat pricing. You'll also learn about the importance of constant review and adjustments, and how to adapt your pricing strategy to account for market changes and manufacturer policies.
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This show is powered by PartsEdge: Your go-to solution for transforming dealership parts inventory into a powerhouse of profitability. Their strategies are proven to amp up parts sales by a whopping 20%, all while cutting down on idle inventory. If you're looking to optimize your parts management, visit 🔗www.partsedge.com.
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Takeaways
Update pricing regularly to protect margins.
Keep matrix systems clear and simple.
Adjust costs to match market changes.
Quote
“If you're matrixing 10 percent of your retail sales, you're doing a really good job.” -Chuck Hartle
Connect:
Chuck Hartle
LinkedIn:www.linkedin.com/in/chuck-hartle-1923ab14
Website:www.partsedge.com
Kaylee Felio
LinkedIn:www.linkedin.com/in/gotopartsgirlWebsite:www.partsedge.com
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