Glossary / General

inventory management

11 Episode Mentions

Too Afraid to Ask

It’s how dealers keep track of which cars they have in the lot and order more when needed.

Technical Definition

The process of tracking and controlling the stock of vehicles available for sale at dealerships.

Hear It Discussed

"Toyota does a great job as far as replenishing inventory. So they don't want their dealers to be overloaded in inventory..."
Car Pro Radio Show December 13 25 Hour 3 CarPro Radio Show 07:10

"because we understand that the two most important things [826.7s] for dealership is cash flow and inventory management, [830.6s] why you would sit on vehicles that are in excess of a year."
Why Car Dealerships Refuse To LOWER PRICES (IT'S A HUGE MISTAKE) | Episode 1078 CarEdge Live 13:43

"Everywhere a used car or used piece of inventory touches the dealership ecosphere, you're owning that... end to end when it comes to used cars, inventory management. It's a Swiss Army knife to get..."
"Stop Guessing on Used Cars" – How Data is Killing the "Art" of the Appraisal | Industry Spotlight Car Dealership Guy Podcast 22:04