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| Inventory Management Do you know where your used car inventory is? Look, it’s important to be optimistic, but let’s be a realistic optimist. The slower used car months are upon us. New 2009 models are hitting the market. The calendar year 2009 is here. Now is the time to get your Used Car Inventory in line. One of the most important things you can to is to get your average cost per unit down. On August 8, we started working with a dealer to get his Used Car inventory in shape. Take a look at the chart below and look at the direction we’ve taken his inventory is less than 30 days.
Sometimes this business is so simple we overlook the obvious, that being as you get your average cost per unit down, wonderful things start to happen. Your inventory will start to clean up, you will have less dollars tied up in Used Cars and you end up selling more units with less inventory. Sounds like a winner, and if you do it your winter will be real warm and fuzzy. It is not about going out and buying cheaper Used Cars as much as it is about managing your current inventory, especially those more expensive units you have in stock. mPower is a dynamic tool to help you do that. It will help you be proactive from Jump Street. I promise you if you follow this simple formula I’m sharing with you, your Used Car business will improve by 25% or more within 60 days. It’s really that simple. Now go do it. Contact us at 850-251-2310 to schedule your workshop today. |