By Erick Jauregui, Fixed Operations Training Specialist for EasyCare The parts department is a critical yet often undervalued component of dealership profitability. Adopting strategic measures that can enhance inventory management and help bolster sales through targeted customer service is essential. Here is a comprehensive plan designed to help boost parts gross profits, leveraging market data, […]
Author: MRAA Partner Contributions
IDS to Host Industry Webinar
• Warranty – The Biggest Untapped Profit Center at Your Dealership IDS, an MRAA Education Champion, is hosting an industry webinar entitled “Warranty – The Biggest Untapped Profit Center at Your Dealership.” Details: You probably have a goldmine of uncollected revenue sitting in your lot right now. Everyone thinks of warranty as a post-sale upsell […]
National Powersport Auctions Partners with Northpoint Commercial Financing
POWAY, Calif. (September 3, 2024) – National Powersport Auctions (NPA), a leader in powersports remarketing and auction services, has partnered with Northpoint Commercial Financing to provide enhanced financial flexibility and options for marine dealers. This collaboration aims to streamline the buying and selling process for marine inventory. Dealers and businesses can now enjoy a broader […]
Adding Value to Your Sales Retail Extended Service Contracts (Extended Warranty)
A guest blog by Jason Cochran, Vice President, Global Product Protection In any economic climate or retail market, dealerships that adopt best practices prevail. One example is structuring your organization to offer as many goods and services as your customers need to participate in boating. If you are selling boats, retail finance is a critical […]
Year-Round Strategies for Marine Dealership Financial Planning
• To help build resilience in the face of unpredictability, marine dealership owners can consider adopting adaptive forecasting and flexible planning. By Victor Rivera, Chief Sales Officer, Huntington Distribution Finance† Financial planning and budgeting are often viewed as annual exercises for marine dealership owners – a start-of-year activity that carries throughout the year. However, in […]
Marine Retail Market Outlook Highlighted at NMLA Conference
• Matt Gruhn, MRAA President, Among a Distinguished List of Guest Speakers for Annual Industry Event Matt Gruhn, President of the Marine Retailers Association of the Americas (MRAA), continues to be one of NMLA’s favorite podium speakers, which is why he’s invited back year-after-year to deliver his retail industry opinions, perspectives, insights and updates. Since […]
Priority One Financial Services Begins Prequalification for Customers
ST. PETERSBURG, FLORIDA, July 15, 2024 – Priority One Financial Services, a full-service finance company for marine, RV, trailer and equipment dealers, now gives customers the ability to prequalify for financing with no impact to their credit score. Using prequalification, Priority One finance managers can view credit reports from leading bureaus and discuss payment options […]
Webinar: Mastering the Waves — Navigating a Dealership Exit During Uncertain Times
• Webinar and panel discussion with host Performance Brokerage Service, Morgan Stanley and Matt Gruhn, MRAA President By Jon Couwenberg, Partner & Director Marine Division, Performance Brokerage Service, an MRAA Platinum Partner Member Are you contemplating the future sale of your marine dealership? Like many of your fellow dealers, you might find yourself with more […]
Everything You Need to Know About NPA Marine Condition Reports
• Marine Webinar Series: Part Three on July 16, 2024 POWAY, Calif. (June 17, 2024) – National Powersport Auctions (NPA), the leading provider of powersports remarketing and auction services, is taking the mystery out of condition reports in the final session of its Marine Webinar Series. The session at 10:30 a.m. PT, on Tuesday, July […]
Boat Buying & Inventory Management Strategies
• Tactical solutions to help your dealership overcome key challenges and enhance your profitability By Chris Kulaga, Product Manager, Lightspeed As the marine industry continues to evolve, your dealership has already seen new opportunities and challenges in 2024. Along with being able to adapt, your team must maintain your primary goal to provide customers with […]
