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Industry Benchmark Report: Initial Thoughts [E080]
Episode 8024th August 2023 • Business By The Numbers • LSTN Media LLC
00:00:00 00:23:48

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Do you recall episode 49, about the Automotive Industry Benchmark Report? Well, its release is fast approaching! Today, Hunt goes deeper into the origins of the report, the questions posed, and a sneak peek at some (surprising) discoveries.

Nuanced relationships, direct or inverse, between different variables and metrics in the automotive industry.

Linking Labor Rate and Profit: One key highlight from the report is the insight on the Overall labor rate and its correlation with profit. Were there notable differences between different locations?

Sales vs. Profit Growth: We also explored a vital question: Is there a direct link between escalating sales and an increase in profit as a percentage of sales? Our findings might surprise you.

Thanks to our partners, NAPA TRACS and Promotive

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Paar Melis and Associates – Accountants Specializing in Automotive Repair

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