With the auto industry going through so much change these days, it’s easy to feel overwhelmed. We are seeing book value corrections, prices are starting to lag at some degree and interest rates are up. But if there’s one silver lining to be found, it’s that mass change also brings with it mass opportunities.
When it comes to unloading problematic vehicles, dealers need to act fast. Statistics show that there are still plenty of vehicles out there moving quickly. In fact, most can be sold within 5-7 days. This means that dealers who are stuck with problem cars need to make a quick turnaround in order to get their cash flow moving again.
“Vehicle values are still historically more than they have been for the last 2-3 years. For example, a vehicle that was worth 20k increased to 28k but now it is sitting at 25k, this is still 5k more that it was originally. Keep your eye on the big picture and move your inventory accordingly. If any dealers want to know how to have this insight, reach out and we will personally chat with you.”
Travis Wise, Sr VP of Sales at Dealerslink
Use Dealerslink’s inventory management tool to see which cars are selling fast and which ones to buy to quickly turn on your lot. The strong are out there buying right now. Our clients are finding mass opportunities. It’s time to take action and we are here to help!
As the end of the year approaches, many consumers are looking to purchase vehicles for tax write offs. This creates another opportunity to move your inventory. We are in the fourth quarter and it’s time to finish this year strong.