Keeping Your Dealership in Balance
Shifting product demand, the volume of used cars coming into the market, unpredictable sales levels – all these factors and more make it a challenge to keep your lots stocked with the right level and types of autos.
- Rising interest rates, changes in product demand, a slowdown in the growth rate of new auto sales, and swelling levels of late-model used cars in the market are creating challenges for dealers in managing inventories.
- The risk of growing days-on-hand inventory is heightened by pressure from manufacturers to take production, often through incentive programs.
- Dealers can avoid credit overline situations by working closely with lenders and employing disciplined inventory management practices.