Fixed Ops
These departments make up Fixed Ops.
What is Parts and Service?
The meaning of PVR.
What is Per Vehicle Revenue?
This is considered the central record of a company's accounting system.
What is a General Ledger / GL?
RIC
What is the Retail Installment Contract?
These three brands make us what is know as the Domestic brands
Ford, GM and Stellantis (Chrysler, Dodge, Jeep, Ram)
R.O. stands for this.
What is a Repair Order?
The bigger this is, the more the customer can buy and put into a loan.
What is the Advance?
This is the information a dealership must send to their OEM daily around sales.
What is a Retail Delivery Report?
ATPI
What is Agreement to Provide Insurance
This company sells the most cars world wide the past 4 years
Who is Toyota?
LOF is the most common service.
What is Lube, Oil and Filter; AKA Oil Change?
F&I Managers store their documents electronically in this when they don't use Scan123.
What is the Digital Deal Jacket?
This is the person who is responsible for processing and filing paperwork to establish or transfer the ownership of a motor vehicle.
Who is the Title Clerk?
DMS
Dealer Management System?
This is the black and white label that is required to be on new vehicles that describes features and cost of the vehicle
What is a Monroney?
OEM stands for this.
What is Original Equipment Manufacturer?
This is the profit made at dealership by just selling the vehicle
What is Front Gross?
This acronym CIT is critical for dealership cash flow.
What is Contracts In Transit (how long it has been since the customer took the car and the loan hasn't been paid to the dealership)?
BDC
What is the Business Development Center?
The most popular car color
What is white?
This term to describe a car's transmission type and shift level which has three forward gears and one reverse gear.
What is Three on the tree?
This is a term used in the automobile industry that means delivering a vehicle to a buyer prior to financing on the vehicle being completed.
Spot Delivery
This person is responsible for running the accounting department at a dealership or dealerships.
Who is the Controller?
VIN
What is Vehicle Identification Number?
This Chevy model didn't sell in Spanish speaking countries
What is a Nova (no va = no go)?