So with an ARO of $465, that might explain why you have a 95% closing ratio. Typically, your technicians should be finding around $700-$1,200 worth of needed maintenance and repairs per repair order. Given that number, you're closer to 66% if they are only finding $700 per repair order of work needed. 66% is great, but I'd really be looking to make sure all potential work is being recommended (this includes spark plugs, fluids, wipers, bulbs, etc.). If they are capturing all that, your closing ratio would be closer to 39% (using the $1,200 figure). Not great, but not bad either. If you truly had a closing ratio of 95%, that means a tech could turn in a multipoint with $1,000 of recommended work and you'd sell $950 (eh, you missed the wiper blades, not bad!).
Closing ratio is only part of the equation though. An ARO of $465 is not bad at all, in fact, probably better than average (I think average for the nation is around $350). A high closing ratio can point to sloppy inspections, a low closing ratio can point to recommending too much work. Closing ratio typically falls on the advisor though.
I used to track closing ratio, but totaling each tickets potential $ amount, then comparing to actual ticket $ amount and doing the math was too time consuming for my operation. I've since decided to focus more on ARO and HPRO instead.
@spencersauto, One thing we are trying is when a new customer comes in, is asking them a few qualifying questions. Asking them what their plans with the vehicle is (keep it, trade it in, etc). Based on their response, you can respond with a few loaded questions to make the sale later on easier.