Reconditioning Archives

Drive Dealership Profitability & Growth by Speeding the Process from Auction to the Lot 10/02/2018 Infusing speed and efficiency into the wholesale-to-retail process — from inventory identification, acquisition and floor-planning to inspection, transportation and merchandising — is not only a way to increase inventory turn, but it's also a particularly effective and increasingly necessary way that progressive dealerships can help overcome margin compression. As used retail gross margin has steadily declined from 13.7% in 2011 to 11.7% in 2017 (exacerbated by… Read Article

Floor Plan Acquisition Wholesale Reconditioning Logistics Operations Inventory

Where used cars really come from 07/10/2018 That sea of used cars on a dealer's lot suggests they came from trade-ins, but that's often not the case. The little-seen world of wholesale auto auctions is where the secret life of used cars plays out: It's where the companies that sell used cars come to get them. I recently spent the morning at the Manheim SF Bay auction facility in industrial Hayward, California. It's… Read Article

Reconditioning used vehicle market News Coverage

Podcast: Janet Barnard & Joe George of Cox Automotive 11/10/2017 Shortly after she was promoted to the role of chief people officer of Cox Automotive in late September, we caught up with Janet Barnard, along with Cox Automotive's Joe George, at Cox Enterprises headquarters in Atlanta. Listen here› Read Article

Reconditioning Mobility Fleet Management News Coverage

Turn to Earn: Speeding the Wholesale-to-Retail Process to Grow Profitability 11/29/2016 Since 2009, the gap between list price and transaction price has steadily declined. To overcome this profit margin compression, dealers must increase overall operational profitability by: Reducing overhead Freeing dealership resources to focus on profit centers Selling more vehicles at a faster rate rather than maximizing gross per unit Infusing speed and efficiency into the wholesale-to-retail process — from inventory identification, acquisition and floor-planning to inspection, transportation and… Read Article

Inventory Acquisition Wholesale Merchandising Reconditioning Inventory

Vehicle Odor Impact on Auction Price 10/06/2016 Many consignors struggle with the negative impact vehicle smoke or foul odor has on auction prices. Knowing retail buyers will avoid these units, dealers recognize they may incur additional expense in an attempt to disguise or remove the odor. To help sellers and buyers understand the sale price implications, Manheim Consulting quantified the auction price deterioration caused by condition-report-noted odor and highlighted ways to come out… Read Article

Reconditioning Inventory

Five Pointers to Improve Your Used Vehicle Reconditioning Process 01/23/2016 By Dale Pollak Founder, vAuto You'll get a range of responses when you ask dealers how much time it takes to recondition Used vehicles. The best-performing dealers these days consistently get the get the job done in 24 hours or less. Meanwhile, other dealers report their reconditioning turnaround times run seven days or more. The disparity owes to two chief factors: The degree to which the… Read Article

Reconditioning Inventory