Tekmetric Unveils Shop Index Tool
Key Highlights
- Provides real-time benchmarking of key shop performance metrics against thousands of peers.
- Focuses on four critical areas: average repair order, car count, parts margin and effective labor rate.
- Allows benchmarking both locally and nationally to identify market-specific opportunities.
Tekmetric says its new Shop Index tool gives tire dealers visibility into how their company's performance compares to their peers.
"The Tekmetric Shop Index measures the four metrics that drive shop profitability: average repair order, car count, parts margin and effective labor rate," say Tekmetric officials.
"Shop owners enter their numbers and instantly see how they measure up against thousands of real shops on the Tekmetric platform. Results are anonymous, private and free."
Dealers can benchmark against peers in their own market and nationally.
"You can't improve what you're not measuring," notes Sunil Patel, founder and CEO of Tekmetric. "As a former shop owner, I know first-hand how hard it is to make decisions without real industry data to compare against.
"The Tekmetric Shop Index changes that - giving every shop owner honest, real-world benchmarks so they can see exactly where they stand, spot their biggest opportunities and take the next step toward better results."