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.