Cost of Doing Business Study

This study is based on a comprehensive survey of equipment dealerships and is designed to be representative of the equipment dealership industry as a whole. The study provides benchmark data and industry trends, enabling dealership owners and managers to compare their operations to those of their peers, and identify areas where they can reduce costs, improve efficiency, and boost their bottom line.

 

The Cost of Doing Business Study is conducted annually by Equipment Dealer Consulting, LLC, a leading consulting firm for equipment dealerships and published by NAEDA . The study provides in-depth analysis and insights into the operating costs, expenses, and key performance indicators of equipment dealerships. The purpose of the study is to help dealership managers and owners understand the costs associated with running their businesses, and to identify areas where they can improve their operations to increase profitability.

The Cost of Doing Business Study typically includes a detailed analysis of expenses related to personnel, facilities, inventory, marketing, and other critical business functions. The study provides benchmark data and industry trends, enabling dealership owners and managers to compare their operations to those of their peers, and identify areas where they can reduce costs, improve efficiency, and boost their bottom line.

The study is based on a comprehensive survey of equipment dealerships and is designed to be representative of the equipment dealership industry as a whole. The results are reported in aggregate form, so individual dealership information remains confidential. The study provides valuable information that can be used to make data-driven decisions that will lead to a more profitable and sustainable dealership.

The 2024 Edition assesses the financial performance of equipment dealers who submitted confidential financial reports for 2023 to Equipment Dealer Consulting. Industry benchmarking data is provided to help establish dealership goals and budgets for future years, and it also assists in the valuation process of your business.

How To Participate

The annual Study is made possible through the cooperation of the participating dealer associations and their equipment dealers who provide detailed financial and operational information for their individual companies. Questionnaires are emailed to all dealers in the participating association territories to collect detailed financial and operational information for the respective year. All completed questionnaires and financial reports were returned to Equipment Dealer Consulting, LLC., with the data being compiled by Curt Kleoppel, CPA, CVA, and his accounting team. All individual company responses are treated as strictly confidential.

How To Submit Financials

For more information on the 2024 Cost of Doing Business Study or for more details on the specific results from other geographic areas of North America, please contact your local association office or contact Curt Kleoppel at curt@naeda.com or Lonnie Finch at lfinch@naeda.com.

Financial Statement Submission Deadline is August 2, 2024

There are two ways to submit your financials:

  • Submit financials through our secure file share link that is sent directly to our team. Please include the CODB Dealer Form with your financials.
  • Submit financials by email or mail. Please include the CODB Dealer Form below. Financial Spreadsheet Form is available below if you wish to manually enter the information.
    • Email to Lonnie Finch at lfinch@naeda.com or mail to Equipment Dealer Consulting, LLC at 10100 N Ambassador Drive, Suite 310, Kansas City, MO 64153

Download Submission Forms Below

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Canada: (800) 661-2452

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