PowerSports
These are the most popular Unit Types in the PS industry
Prepare a Major Unit for display or for delivery to the customer
Rigging
An arrangement where an individual places their vehicle at the dealership to be sold on their behalf.
Consignment
Document sent with parts indicating what was sent
Invoice
The "Brand" or company manufacturer of a Major Unit.
Ford, Ram, GMC, Chevy, Toyota, Nissan
A crucial document that tracks every service or repair performed on a vehicle.
Repair Order
The actual amount the dealership pays to acquire a vehicle from the manufacturer or distributor.
Dealer Invoice
Prepare a Major Unit for display or for delivery to the customer.
PDI
The price that the manufacturer recommends a dealer charge for a vehicle.
Sticker Price
The price that the manufacturer recommends a dealer charge for a vehicle
MSRP, Online Pricing, Cash Pricing
The price a potiential customer sees advertised
MSRP/DSRP
Name the 3 most popular aftermarket suppliers
Land and Sea, Mercury Marine, Donovan Marine
Makes of units
Grand Design, Riverside Retro, Gulf Stream, Airstream, Jayco, Pleasure Way, Northwood
The specific conditions and details of a financing agreement or choice of agreements between the buyer and the lender for purchasing major units
Payment Plans
The way a dealership determines the amount a trade in is valued at to then offer to the customer
Actual Cash Value
The amount of money the dealership offers for the current vehicle based on worth
Trade In Offer, Trade In Value
A protection plan provided by the manufacturer to protect the purchaser form costs relating to mechanical, electrical, and manufacturer defects
Warranty Plan
2 types of Service paperwork
Work Order, Repair Order
Additional features, upgrades, or accessories that may be added to a unit either at the the time of purchase or afterward
Customization Options
Document that is agreed on between the dealer and customer about needed repairs or added options
We Owe You Owe
An internal accounting report that lists all the GL account balances at a specific point in time
Dealer Financial Statement
A financial document that summarizes the dealership's revenue, costs, and espenses over a specific period
Profit and Loss Statement
Service employee positions
technician, yard hand, delivery driver
The Category of Major Unit that defines the unit and makes it different from all other Units
Gas, Electric, 2,4,6 passenger
Term used for 3rd party coverage plans
Extended Service Contracts