When Your Used Car Inventory drops in Value can you hear the scream!!!

It happens after denial and anger , so what are the signs in this chaotic market , the answer is in your analytics and basic principles . 1st principle of used cars is "sells good new sells good used "( easy ), the second is "quality vs value" . Simply if you have the best quality car price it right and it will sell , so how do you figure that out ? That's where the tools are critical to make good decisions , how unique is the vehicle , what was my traffic , writes or even views. How many cars are in the market are they all gaining days , it may not be 90 days its whether the supply is going long or short.

If you have a couple 100 cars in stock its pretty hard to apply all the data , did you put a quality rating on the vehicle when you stocked it , how good was the original appraisal , what was missed , did my recon run over estimate or did it sit in service for a month. That's where you need to evaluate the original decision and learn from it. You need to know , not guess and don't listen to a bunch of opinions , you bought it ,you own it so do the homework , its worth $1000's a vehicle. I think that what you might learn is if you did all the research when you took it on trade or purchased at auction you would never be in the situation in the first place. Easy to say but if you have the tools use them , be rational. Experience is something you get right after you need it so take the time , follow a process and make great decisions that will not keep you up at night.