Operations & Finance

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Cost of Doing Business

Dealers Report Strong Revenue, Gross Margins & Profits

The latest Cost of Doing Business study reported increased revenue and profit, as well as improving gross margins dollars on parts, service and wholegoods in 2020.

North American dealers reported strong financial results for 2020, according to the results of the latest Cost of Doing Business study from the Western Equipment Dealers Assn. On average per location, revenue, profit and gross margin dollars were all up.


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Webinar Replay

An In-Depth Review of the 2021 Cost of Doing Business Study [Webinar]

Equipment Dealer Consulting LLC, the certified accounting firm affiliated with Western Equipment Dealers Assn. (WEDA), has released the 2021 Cost of Doing Business Study, a financial and business operations study providing you with straightforward guidelines for analyzing the profitability of equipment dealerships including all brands across the United States and Canada. Gord Thompson and Curt Kleoppel, CPA, CVA, review and analyze the findings from this year’s report and what that could mean for your dealership in 2022. [To view any of our webinar replays, you must be logged in with a free user account.]
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Point/Counterpoint

Does Selling Shortlines Make Sense? Two Industry Veterans Debate the Value to Dealers

We asked two industry veterans — Charlie Glass, chairman emeritus of the Farm Equipment Dealers Assn.’s Dealer Relations Committee, and Dr. Jim Weber, a management consultant to the ag equipment industry — to argue their case for why dealers should, or should not, add shortlines to their offerings.
We asked two industry veterans — Charlie Glass, chairman emeritus of the Farm Equipment Dealers Assn.’s Dealer Relations Committee, and Dr. Jim Weber, a management consultant to the ag equipment industry — to argue their case for why dealers should, or should not, add shortlines to their offerings.
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Webinar Replay

Equipment Inventory Finance Considerations For Dealers [Webinar]

When looking for inventory financing dealers need to consider several things when applying and selecting a reputable financing company. In this webinar, you will hear about lender considerations, the C’s of credit, risk analysis, interest rate outlook for 2021 and beyond, available inventory financing programs, and more. [To view any of our webinar replays, you must be logged in with a free user account.]


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