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Old 04-25-2018, 05:38 PM   #4
mryan55
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Join Date: Mar 2013
Posts: 595
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They have sweetened the pot on some of the Courtesy Transportation Programs this month. We don't have Ram so not a concern for us, but just trying to pump more metal out there on paper.

Quote:
Ram Objective Based Program
· Effective for the month of April all Courtesy Transportation units will be no-pay counters toward
core objective attainment
› Previously, the Courtesy Transportation units were no-pay, non-counters toward core objective attainment
The impact of MPL on VGP objectives also changed effective this month, so a reasonable number of stores are now paying a 5% to 10% VGP penalty for MPLs of 75-89% and 90-99% respectively. At the end of the day, not a huge penalty -- but this month we have seen our largest 100% VGP ever, even with fewer selling days than a normal April. Again, I don't make excuses but this is definitely going to separate us from our VGP objective my a bit more than usual.

As for sales bank units, I'm not sure how much it's going on in other parts of the country, but in the GLBC we regularly get pushed to take units that are D1 or beyond. At least the stuff they are pushing are generally strong lease units for the Detroit and Toledo markets but occasionally we get put together like with a Renegade Latitude stock and promote last year.

I think this will be an interesting year for FCA when it comes to the future of the company and the future of ownership. A lot of volume pieces like the Journey and Grand Cherokee are getting pretty long in the tooth... so we shall see.
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