The Hidden Costs of Aging Inventory:
How to Turn Your Stock Faster

For dealerships, slow-moving and excess aged inventory are a major thorn in their side. It’s a problem that sucks up working capital and hurts your cash flow negatively. Whether you sell RVs, powersports, or heavy equipment, aging inventory is a cash killer. That brand new heavy truck taking up space on your lot for far too long becomes a gigantic liability, eating up money in carrying costs and devaluing by the day. You must sell that inventory more quickly to generate cash to reinvest and expand your business.

Dealer Data 365 offers the most up-to-date and precise OEM data for multiple industries, such as Powersports, RV, Marine, Agriculture, Heavy Truck, Heavy Machinery, and Trailer.

The issue is, older legacy inventory management systems typically aren’t providing you with the real-time visibility you require. It is hard to determine which units are going stale and why. Manually tracking your inventory is likely to get errors, and it makes it nearly impossible to be able to forecast what is going to be in demand. The result is a game of guessing to mismanage and ultimately lose money. A recent industry report disclosed that Typical carrying/holding costs are around 20-30% of the total value of inventory for many businesses.

This is where being data-driven pays dividends. Having a solution that provides you with accurate, minute-by-minute specs, prices, and market data allows you to effortlessly spot slow-moving stock and make more educated decisions. It’s just about having the right information at your fingertips to keep your inventory fresh and your profits strong.

Ready to begin selling your inventory quicker and releasing your cash? Discover how a data-driven platform can allow you to gain control of your inventory.

Ready to build a rock-solid platform? Learn how Dealer Data 365 can provide the data you need to reduce churn and delight your customers.