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3 Best Practices To Manage Used Vehicles As Investments
2013-05-18 17:58:18| AutomotiveDigest.com - Automotive Industry News
Auto dealers need to manage their used vehicles as investments. Their number one goal should be to maximize their return on investment (ROI) within the shortest amount of time and the least amount of risk. This investment-driven retailing strategy is harder for some dealers to accept (and in some cases, acknowledge) than others. The reason: Dealers are not accustomed to managing their used vehicle inventories with the degree of discipline and rationality that true-blue investment managers would apply to their client portfolios. Here are three best practices dealers use to manage their used vehicles as investments: 1. Follow a firm 45-day investment time horizon. Keep reading for more tips from Dale Pollak, founder of VAuto.The Article 3 Best Practices To Manage Used Vehicles As Investments appeared first on Automotive Digest.
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Category:Automotive