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Lessiter

A New-Era Hybrid Position?

By Mike Lessiter posted on May 29, 2018
Look at the traditional sales positions in your company. What if the job could be redefined so that the sale was an outcome of activity — and not the job itself?
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WEDA Dealer Institute

Digging into the 2016 Cost of Doing Business Study [Webinar]

By Kim Schmidt posted on November 10, 2016 | Posted in Operations & Finance
The Cost of Doing Business study is one of the industry's most valued publications and is currently prepared and published by the Western Equipment Dealers Assn.. The annual study is broken down by dealer type (agricultural, industrial, and outdoor power) and encompasses 14 important financial and operating ratios of North America's equipment dealers. Learn more about this important tool and hear industry experts provide insight about trends impacting equipment dealers across North America. This FREE webinar is brought to you by the WEDA Dealer Institute. [To view any of our webinar replays, you must be logged in with a free user account.]
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WEDA Seeking Financial Report Submissions for Annual Cost of Doing Business Study

May 10, 2016 | Posted in Data & Forecasts, Dealer News
The survey was established in the 1980s to analyze the financial picture of equipment dealerships in the U.S. and Canada. The survey compiles data from independent dealers who provide detailed financial and operational information for their individual businesses, which is compiled in a template that creates average income statements and balance sheets, in addition to key financial performance indicators.
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Kanicki
To the Point

No Backseat for Ag Dealers

By Dave Kanicki posted on July 16, 2015 | Posted in Operations & Finance

In the last issue of Farm Equipment, we featured an in-depth special report on “Cost of Doing Business” (CODB). Based on the data compiled over the years by various dealer associations, our coverage addressed how to use the industry benchmarks established by the annual dealer survey as well as the progress, or lack thereof, the industry has seen in the past 4 decades.


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Kanicki

To The Point: No Backseat for Ag Dealers

By Dave Kanicki posted on July 16, 2015 | Posted in Operations & Finance

In the last issue of Farm Equipment, we featured an in-depth special report on “Cost of Doing Business” (CODB). Based on the data compiled over the years by various dealer associations, our coverage addressed how to use the industry benchmarks established by the annual dealer survey as well as the progress, or lack thereof, the industry has seen in the past 4 decades.


Read More

Cost of Doing Business: Why Ag Parts Sales Differ from Other Industries

June 11, 2015 | Posted in Data & Forecasts, Department Management

While some farm equipment dealers have managed to attain 100%-plus parts and service absorption rates, the industry as a whole only achieves about a 62% rate, according to the 2014 Western Equipment Dealers Assn.’s Cost of Doing Business study. The industry’s benchmark for absorption is 80%-plus. At the same time, ag equipment dealers are often compared to construction equipment and other dealers who handle heavy equipment and typically achieve higher absorption rates.


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