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the X day turn is when you will only hold a vehicle for X days. After that it gets sold to a wholesaler, auction, leading up to that deadline, drop the price, or when you hit that threshold, have a policy in place that you will write down the car by a set dollar or percentage amount, take it out of that month's gross, and adjust pricing.It helps to have something like a hard turn in place, to make sure you aren't holding too much capital locked up in inventory that is only devaluing with each passing day.
the X day turn is when you will only hold a vehicle for X days. After that it gets sold to a wholesaler, auction, leading up to that deadline, drop the price, or when you hit that threshold, have a policy in place that you will write down the car by a set dollar or percentage amount, take it out of that month's gross, and adjust pricing.
It helps to have something like a hard turn in place, to make sure you aren't holding too much capital locked up in inventory that is only devaluing with each passing day.
