WISCO’s sole purpose for existing is to provide quality products at a savings to our members. Through group buying and low markups we save our members money on their purchases. In 2007 we did that with a record setting sales year. WISCO’s 2007 sales of $29,851,317 were the highest in our 36 year history. Our operating expenses showed a decrease of 2% from the previous year. With high sales and low overhead WISCO’s earnings amounted to $756,744. This is great news for our members! Since they are the owners of the cooperative this money is paid to them with our end of the year rebate. Again, 100% of our earnings are going to the member dealers. Our 587 members will receive an average rebate of nearly $1,300. Not a bad return on the one time $1,000 stock commitment. Plus the stock investment is just that, an investment which is still the members’ money. The WISCO Board of Directors has also voted to redeem equity accounts of members on record for 2000, for a total of over $60,637. Those members will receive an additional check this year.

In the auto and truck industry today an increasing amount of a dealership’s profit is coming from its parts, service, and body shop departments. WISCO is a partner with our members to help them increase their profits in these vital areas. As shown by the sales chart below, more and more dealers are realizing that using WISCO is a valuable asset to their dealership. Who else do you buy from that is only in business to add to your bottom line? Through its history WISCO has sold over $435 million of product and has paid out almost $14 million in rebates to its members. That $14 million in rebates is of course on top of what our members already saved at the time of their purchases from WISCO.

Thank you to the WISCO employees for the excellent job they do for our membership. They are dedicated to saving our members money and work very hard for them. Thanks also to the Board of Directors, who freely give of their time and talents to advance the cooperative. WISCO is blessed to have a very dedicated staff and board.

Special thanks go out to you our members. We can not do our job of adding to your bottom line without your loyalty and continued support. For us to save you money on your purchases you have to use us. That continued message, especially from the dealer owners and managers, is invaluable. We will strive to continue to bring quality products at a savings to our members thereby increasing their bottom line.

John Hackman
WISCO President