Home Auto Dealers Moving Forward: How to Manage Used Inventory
 

Keywords :   


Auto Dealers Moving Forward: How to Manage Used Inventory

2013-01-08 18:33:30| AutomotiveDigest.com - Automotive Industry News

Cleaning up aged inventory can be a painful lesson, so its important to learn from your experience. Here are some tips to assist auto dealers in building a process for managing used inventory in the future.  Perform a whole-lot inventory analysis. Assess the value of every vehicle on your lot so you can determine the right mix of core and non-core inventory. Use this information to determine optimal turn cycles as well as the right time to buy and sell inventory. It can also help you price competitively for your market.  Have an exit strategy for every car that you acquire. Source vehicles so you can retail them; dont let their wholesale price determine your pricing strategy. Instead, take into consideration whether that vehicle is appropriate for your market does it have the right equipment, features and options? If you live in the mountains and youre looking at a convertible, can you really turn it in 60 days or less?  Reset the way you look at used cars. Unlike good wine, used cars on your lot dont get any better with age. Approach every used car acquisition with an eye to move it quickly. Continue reading for more tips from the experts at AutoTrader.com. The Article Auto Dealers Moving Forward: How to Manage Used Inventory appeared first on AIN Media.

Tags: used auto forward moving

Category:Automotive

Latest from this category

All news

»
01.11Eastern North Pacific Tropical Weather Outlook
01.11Atlantic Tropical Weather Outlook
01.11CERM launches new MIS products, Mark Andy innovates and more
01.11Removing a major trade barrier: Full access to Colombia restored for U.S. beef
01.11Global BEEF Series: Leveling the playing field on quality beef
01.11Getting more out of fall and winter grazing
01.11U.S. Boston butt burger launches in Colombia
01.11All Americans have a role in keeping African swine fever out
More »