Full disclosure, we do it off AGGRESSIVE pricing alone. Not my cup of tea as there are MANY inefficiencies/customer detractions along the way but you can't argue with how risk-averse the tactic is. Getting this big turns into a game of simply feeding the machine. Everyone has to eat.
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Aging Experiment - Trying to Get Sales Lurkers Engaged
- Thread starter BillVaughnKMC
- Start date
✨ AI Highlights
- Bill Vaughn posts an image of his dealership's inventory age distribution to crowdsource observations about his business, sparking discussion about inventory management best practices.
- Ryan Everson correctly deduces that Bill uses vAuto pricing software with a strategy of starting high and discounting aged vehicles, combined with incentives to move cars quickly and penalties for holding inventory too long.
- The broader insight is that aggressive pricing and fast inventory turnover—while potentially creating inefficiencies—is the most reliable way to minimize holding costs and risk in the used car business.
Bill Vaughn posts an image of his dealership's inventory age distribution to crowdsource observations about his business, sparking discussion about inventory management best practices. Ryan Everson correctly deduces that Bill uses vAuto pricing software with a strategy of starting high and discounting aged vehicles, combined with incentives to move cars quickly and penalties for holding inventory too long. The broader insight is that aggressive pricing and fast inventory turnover—while potentially creating inefficiencies—is the most reliable way to minimize holding costs and risk in the used car business.
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