Having a profitable and well maintained used car inventory can make a huge difference when it comes to the speed, also known as Velocity, in which you turn your used car inventory.
Before I begin, you will need a inventory scoreboard. It goes without saying that a professional inventory tool, such as Dealer Track’s Inventory+ or vAuto’s Provision is your first line of defense when it comes to knowing where you stand with your used car inventory.
As I have said in a previous article;
“Book out every car like you need every dime.” – Kevin Leigh via Linked in
Once you know the current value it’s time to find ways to increase the net worth of each car.
Here are some simple tips on how to increase the value of your Used Car’s.
Detailed car = higher wholesale proft
Auction Profit Hack 1: Cleanliness Matters on the Used Car Lot
The glove box is a great place to store marketing items
Auction Profit Hack 2: Glove Box Branding and Condition Report
Adding certain accessories can increase the value of a used car
