A suggestion too all the controller that have spent an endless amount of time reinforcing the importances of turning aged used vehicles.
I believe Ive hit on an interesting workable idea.
Heres how the scenario usually works-out, you go to the dealer and say we need cash, we need to move these aged used vehicles over 120 days (too long by most standards)out of our used vehicle inventory, the bank now want curtailment payments and theres no room left on the floor.
The owner then proceeds to tell the used car manager sell them. Another 30 days go by and there still at the dealership.
The owner then says to the used car manager, Whats going on, I told you to sell. The used car manager replies, I just got to busy and I have a buyer lined-up.
30 more days go by and guess what, still have them.
My answer to this and actually approved by the dealer and reluctantly approved by the used car sales manager. From here on in any used vehicle that hits 90 days will enjoy the honor of a 5% write-down charged directly to Gross Profit that month prior to closing and calculating the used car managers bonus.
I guess after a period of time the manager will sell them, since they now may generate a profit.
What do you think?
Good luck to all and 2009 eventually will work-out.