Net Prophet is designed alleviate margin compression and improve your profitability for Auto Dealerships
The most profitable dealerships are consistently evaluating their current processes and procedures against benchmarks, and then making the necessary adjustments to improve. Many dealers make the unfortunate mistake of relying solely on national averages. While national benchmarks are important, they don’t reflect the unique challenges in your marketplace.
Dealerships that compare their financial and operational performance against regional data points achieve their goals and drive more profits year after year. To address this industry gap, Net Prophet was created. On average, Net Prophet finds in excess of $90,000 per month in lost opportunities on the first pass of using the software!
Net Prophet is a cloud-based asset management tool that monitors overall and departmental performance against other dealerships of the same franchise and sales volume based on both national and regional benchmarks. Using a unique algorithm, Net Prophet helps dealers evaluate their organization’s strengths and weaknesses while providing them an actionable and trackable plan for improvements.
Net Prophet scores dealership financial health in five key areas: cash, revenue, expenses, compensation, and profits. Each segment is then given a letter grade—A, B, C, or D—based on a vast collection of franchise-specific, regional, and volume-based Benchmarks. This system allows everyone in your dealership to quickly and easily find areas of opportunity.
After noting areas of strength and weakness in the dealership, Net Prophet helps create specific action plans that are consistently tracked to ensure the dealership team is recovering or gaining profits.
“Opportunities don’t happen, you create them.”
– Chris Grosser