Your Dealerships Command Center!
Increase sales, and grow market share with actionable and predictive insights that go beyond traditional inventory life cycle tracking.
Your inventory is the heartbeat of your dealership. This training is totally free to download and will show you how to maximize your inventory.
Check out how "Carketa Inventory Defined" can totally change the way you do business.
Want a sneak peak of the training? Knowing the source of your inventory is the first step!
The graphic shows trade-ins on new vehicles represented the
biggest slice of used-vehicle acquisitions, at 43% of the pie.
The second-biggest contributor to used-vehicle inventory,
auction purchases, came in at a distant 27%. Close behind
were trade-ins on used vehicles, at 22% of acquisitions. The
question of whether to retail or wholesale a vehicle can be a
difficult one, and the decision must be made based on
customer appeal, predicted turn time and thecost of
reconditioning for each vehicle.
(For more information, see NADA Driven guide SL17, A Dealer
Guide to Auctions: Controlling Inventory, Increasing Profits.)