What's Your Inventory Strategy?

[Alice Coleman]

Wondering about your inventory game plan. How do you approach choosing the right vehicles? Please share below.

 

[Kabbalero]

I usually focus on researching market trends, checking customer demand, and looking for reliable suppliers. It's all about finding that sweet spot to keep the inventory moving.

 

[Zach Everett]

A quick thought... have you broken down your sales history and looked at the units you've sold that have turned the fastest, had the least amount of recon issues and have made a healthy amount of profit? Not sure if we're talking new or pre-owned. I know there are lots of tools out there that will show you what the guy down the street is doing, but different stores can have different niche markets, especially in used. I usually tell dealers to analyze their own sales history to develop their core inventory and then use what's going on in the market as a secondary method of filling in potential gaps in inventory.