Tag: workshop

Three ways that dealers can boost their bottom line

Following the pandemic, with seemingly never-ending chip shortages and the drive towards sustainability, dealers are being forced to adapt – or suffer serious impacts on their bottom line.

The global chip shortage has made it near-impossible to access new stock. The rising popularity of electric vehicles, containing fewer serviceable parts, has impacted aftersales revenues and earning potential. Supported by the right DMS, business leaders can uncover additional revenue, improve efficiency across their group, and cut costs.

Act on opportunities from data-rich reports

Whether managing one or multiple branches, leaders want visibility. A DMS should show how every branch and team performs, with useful reports to indicate where opportunities lie.

Neville Briggs, Managing Director at Pinewood Technologies explains –

“Many of our customers have adapted processes and found new ways to boost revenue based off the insights in Pinewood DMS. Dealers must identify and respond to market changes which effect margins, efficiency, and ultimately profits. We encourage our customers to make the most of our intuitive reports and BI tools.”

Many groups have refocused efforts on used sales to facilitate the rising demand. Meanwhile, by encouraging Aftersales teams to upsell more work during vehicle health checks, dealers have bridged the revenue gap.

Embrace digitalisation or get forced into the slow lane

Customers demand flexibility, so dealers should aim to improve their service offering both online and in-store. A digitally-focused DMS will optimise the omnichannel experience – catering for customer expectations of today.

Digitalising traditional dealer processes helps to streamline workflows and boost convenience – positively impacting the bottom line. Most leading systems have digital tools available, from accepting eSignatures, to storing documents digitally, to enabling customers to pay online.

In the workshop, Technicians are now largely reliant on mobile DMS apps – often faster and more efficient than working from a PC. With Pinewood’s Tech+ app, Technicians can send a VHC video to the customer straight from the ramp, add write-up notes to job cards, and immediately see if a customer approves recommended work. Dealers are boosting productivity and workshop revenue as a direct result.

Don’t complicate it. Choose a DMS which has the tools you need built-in

Switching between multiple systems can be costly, difficult to maintain, and a barrier to productivity. Therefore, its key dealers invest in a DMS that will leverage their business – with the tools they value and rely upon, built-in.

As explained by Dougal Keith, Managing Director at DM Keith Motors

“The DMS is used in absolutely every area of the business, replacing lots of different systems that we had – that was fundamental in the decision process for us. Pinewood’s system has revolutionised our workflows. It’s fundamentally changed the way we operate as a business, more efficiently and more effectively. It’s very easy to learn and implement and has driven cost out of the business.”

With so many factors influencing the bottom line, businesses need complete visibility and control, to help identify and action profit opportunities. Choosing the right DMS is essential – dealers must be sure they’re equipped with the data and tools they need to succeed.

To see how Pinewood could help your business, visit www.pinewood.co.uk

Pinewood supports EV retailers to maximise workshop returns

It’s no longer a debate of whether electric vehicles will take off or turn out to be a passing trend. With the UK Government insisting that 50% of new vehicles will be zero emissions by 20281, and 100% by 20352, the change is now a reality.

According to Pinewood Technologies, dealers must make use of the tools in their DMS to uncover new profit opportunities and stay ahead of the curve when it comes to electric vehicles. Pinewood have been working with dealers across the Nordics where 84% of all new cars sold across Norway in January 2022 were electric vehicles3.

Stine Mundal Hagen, Corporate Business Development Manager for Porsche Norway said: “Pinewood DMS has given us the perfect tool with which we can monitor and steer all aspects from trade ins, car sales to service and used cars. Combining this with the financial capabilities of the system, we have reached new levels of process excellence in our operations. Pinewood’s extensive experience in the retail car industry has greatly helped us in our quest for increased value and service for our customers.”

It’s no secret that hybrid and electric vehicles have fewer serviceable parts and longer service intervals than traditional petrol or diesel cars. Because of this, electric vehicles may appear less profitable for workshops on the surface. However, dealers can prepare their teams with alternative ways to bridge this revenue gap.

Timely communications

It’s vital that dealers use their DMS effectively to maximise profits. Service Advisors must ensure every customer receives regular reminders, with a link to book their car in. Mark Davis, Dealer Principal at Brighton Honda explains that being able to set contact plans and send branded service reminders in Pinewood DMS is essential for his business –

“The customer experience is great with Pinewood DMS. We can send text reminders in a touch of a button from the service department. It’s really brought us into the 21st century with what people now expect with their online experience.”

Increase upsell 

After securing the booking, Service Advisors are presented with a golden opportunity – to upsell more cosmetic repairs, like dents and paintwork. With a system like Pinewood DMS, dealers can create custom checklists and adapt services by brand or vehicle type, helping Technicians to identify and upsell more additional work.

Save time managing multiple teams

Servicing electric vehicles requires working with batteries, so dealers will need to expand or upskill their aftersales teams to include electrical engineers. Inevitably, dealers need a system that handles multiple labour rates – especially if the workshop caters for both hybrid/ electric and petrol/ diesel engines. Many systems on the market are not equipped to handle this, so dealers must weigh up the implications and challenges if their system falls into this category. Without a sufficient DMS, dealers will need to manually calculate the labour rates – which can be inefficient and time consuming.

Planning ahead to maximise productivity

Vehicle retailers must consider the extra safety precautions needed to run an electric vehicle workshop – such as handling high voltage batteries, and accessing specialist tools and equipment. This will involve building separate workstations for EV teams, safely distanced from the petrol/ diesel vehicle bays. The changes will affect the workshop diary, so it’s key to get a DMS that can handle this, to maximise productivity and draw the best possible returns.

For example, Pinewood’s Workshop Planner makes it easy to manage different skillsets and service teams, or schedule repairs based on productive hours for each area – saving hours and boosting efficiency for EV Workshop Controllers.

The future for EV dealers…

With electric vehicle sales only set to increase, dealers need to have the right tools in place to maximise revenue and profits. With close relationships supporting dealers in the leading electric vehicle markets worldwide, Pinewood offers a strong solution for EV retailers.

If vehicle retailers are interested in learning more about Pinewood’s EV offering, visit: www.pinewood.co.uk/contact-us

 

REFERENCES:

  1. Sharpe, T. (2022, April 8). Government proposes that half of all new car sales must be EV by 2028. Retrieved from AM-online: https://www.am-online.com/news/market-insight/2022/04/08/government-proposes-that-half-of-all-new-car-sales-must-be-ev-by-2028
  2. COP26 declaration on accelerating the transition to 100% zero emission cars and vans. (2022, Apr 8). Retrieved from gov.uk: https://www.gov.uk/government/publications/cop26-declaration-zero-emission-cars-and-vans/cop26-declaration-on-accelerating-the-transition-to-100-zero-emission-cars-and-vans
  3. Hill, J. (2022, February 3). Norway’s stunning new EV numbers: 84% of new car sales in January all electric. Retrieved from The Driven: https://thedriven.io/2022/02/03/norways-stunning-new-ev-numbers-84-of-new-car-sales-in-january-all-electric/

Pinewood and ASF launch new partnership

A new integration between Pinewood Technologies and ASF (Auto Service Finance), also called Bumper, is now available allowing motorists to pay for work from their Vehicle Health Checks in monthly, interest-free installments. Customers can approve their work and arrange finance online from the comfort of their own home, making vehicle repairs more affordable and attractive.

Every aspect of Pinewood DMS, including accounts, workshop, video, VHC, parts, and CRM, have been brought together to provide a unique level of integration.

ASF Co-Founder, Jack Allman, said “The integration is by far one of the most advanced in the market of its kind, combining VHC, video and finance systems. This is made possible by the unique nature of Pinewood DMS being a complete solution. It provides huge potential for dealers to capture more service work and significantly boost revenue.”

Technicians use Pinewood’s Tech+ App to record any red (urgent) or amber (advisory) work identified on the vehicle. Using video to record a clip of the damage straight from the ramp adds credibility to the inspection. This can be priced and sent to the customer by email or text message.

After looking at the report and watching the video, the customer can approve or reject each item. With ASF integration enabled, they will have an added option to pay in manageable, fee-free, monthly installments, financed by ASF. There’s no need for the customer to even fill in their contact details, it all pulls from the DMS.

The application for finance is sent automatically, returning an immediate response. If accepted, the customer proceeds and the dealer can complete the approved work whilst the car is still on the ramp.

The work is invoiced directly to the dealer’s ASF sales ledger account enabling payments to be quickly allocated.

“Our focus throughout this pandemic has been to help dealerships operate digitally while maintaining a high level of customer satisfaction. Dealerships will benefit from a higher take-up of VHC work and a quick and easy payment process in the DMS”, says Neville Briggs, Managing Director at Pinewood Technologies.

The ASF integration is available now for Pinewood DMS customers.

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