Do you know what CID (cash in deal) is? Its king to any buy here pay here operation. This figure it integral to every aspect of BHPH. BHPH is one of the few businesses you can actually sell yourself out of business if you don’t properly account for cash flow. CID = ACV + reconditioning + [...] Read more »
An old school tip that is perfect for the times
Used car departments have always been the key to any dealership reaching its maximum profitability. In these current economic times with inventory cost up and grosses down, you need to very smart about your inventory practices. When was the last time you looked at what is selling for you on your used car lot? I don’t [...] Read more »