Longshoremen, prevention is better than cure
As an entrepreneur in the automotive sector, you're well-versed in current market trends, aware of where opportunities lie, and how to translate these into your carefully curated used car inventory. On a daily basis, you know how to get your customers excited about the vehicles on offer in your showroom. And then... there are the slow-movers: the unfortunate purchases that, in hindsight, you might have expected more from. We're happy to offer advice to prevent your stock from standing for too long. Furthermore, we'll provide tips on how to still sell occasional slow-movers quickly and effectively.
The origin of the long-necked creature
Every car dealership has to deal with it: long-standing stock. Some vehicles are simply less popular with consumers all of a sudden, others face stiff competition, and there are various reasons why some stock seems almost unsellable. Long-standing stock has a negative impact on stock turnover & cash flow, costs time and space, and brings frustration. But how can you prevent building up long-standing stock?
Preventing long-standing inventory
A sharp eye on the market and a clear sales strategy will help you avoid long-standing used car stock. Improve your sales opportunities from your stock
- To map consumer preferences and to compile your used car inventory accordingly.
- Analyse sales data to get an overview of current market demand
- Identifying and capitalising on local trends
- To follow car news and anticipate the upcoming popularity of specific models
- To maintain a competitive price level that aligns with consumer demand.
By using the VWE Used Car Manager are easily and clearly catered for. This way, you prevent costly mistakes, identify rising prices earlier, and can easily see what a competitive price is for a used car. The VWE Used Car Manager is a smart tool that compares market information with your own stock. The tool can be used on your PC and smartphone. This way, you always receive suitable advice and can make an impact on your used car stock anytime and anywhere.
Clear out old used stock quickly
Still have a long-standing item in your showroom? Offer your long-standing items easily via a professional online auction platform and gain direct access to a wide range of professional buyers. Via Automotive Trade Center – partner of VWE – you make use of an optimised platform to guarantee the highest B2B price and handle document processing for you. Furthermore, you benefit from payment within 24 hours, and the vehicle will be deregistered and collected within 72 hours. If you have cars in stock that are taking longer to sell than expected, then list them on the Automotive Trade Center and make room for new commercial stock.
With professional tools as an extension of your own knowledge and experience, you'll prevent slow-moving stock and keep your used vehicle inventory current and commercially viable.