Tag: Dealer Language

Used Car Profit Hacks

When it comes to used car profit, dealers constantly consider the resale value of their inventory. Having a profitable, well maintained inventory can make a huge difference when it comes the speed in which you turn your used car lot. Here are some simple tips on how to increase the value of your Used Car […]

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Bull Pen Cars Lined Up

How to Stock Used Cars Customers Want to Buy.

& How to Stock Used Cars Salespeople Will Sell! Buying Used Cars For Your Lot is Easy: Stocking your used car lot is easy, Right? You can load up on as many cars your lot will hold, fill every spot and you could have it done today. The auctions are loaded with all kinds of cars. […]

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What is a DMS – Dealer Management System?

A dealership management system (DMS) or auto dealership accounting system is a bundled management information system created specifically for the automotive industry and especially for  car dealerships or large dealer groups. DMS is not for everyone, typically small scale dealers and independent used car lots will manage their business with generic accounting packages. Even large dealer […]

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Used Car ACV

What is the ACV – Actual Cash Value?

Understanding A.C.V The “ACV” is the “Actual Cash Value” the dealer places on the  vehicle purchased either at auction or as a trade in. This simply means the car dealer could liquidate the vehicle for that amount. In other words, if dealer chooses not sell the customer’s trade-in as one of their pre-owned cars, they could wholesale […]

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