Control and management of physical keys is an obvious challenge for many dealerships.
The cost of replacing lost keys can easily rise into the thousands of dollars per month for some dealers. Basic keys and fobs can cost $50-$100 while keyless entry remotes can cost $220-$500.
Key control is also important from a security standpoint. With established key procedures like those below, you can limit mystery mileage, inventory damage and car theft.
Implement these tactics at your business:
- Secure keys—Set up a key drop that stores keys in a locked box that is inaccessible to the general public.
- Limit master keys—Your key box should have a limited number of master keys given only to the most senior management.
- Be accountable with keys—Create a daily inventory process. Put management in charge of the entire key inventory.
