Gross Deception
eBook - ePub

Gross Deception

A Tale of Shifting Markets, Shrinking Margins, and the New Truth of Used Car Profitability

  1. 207 pages
  2. English
  3. ePUB (mobile friendly)
  4. Available on iOS & Android
eBook - ePub

Gross Deception

A Tale of Shifting Markets, Shrinking Margins, and the New Truth of Used Car Profitability

About this book

A journey of discovering and correcting a hole in the used car universe.

Dale Pollak, innovator and leader of the automotive sales and management industry, will once again, have you rethinking how to manage the used car business. More than a how-to business book, Gross Deception is a story of finding a problem in the reliance on gross profit and the trials to create a solution. This thoughtfully written book not only shows you the trial and error of potential answers, but also how to apply the answer that culminated from years of work.

Referred to as ProfitTime, Dale's solution includes both the “New Math of Used Vehicles” and the “Investment Score” system, helping you to know the ROI and net profit potential of every vehicle.

With Dale’s ProfitTime solution you will:

• Invigorate your cash flow

• Increase your sales volume

• Introduce new metrics

• Initiate value-based management

• Identify market shifts

Through metric and methodology, Gross Deception will restructure how you view a car’s time on the lot.

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Information

Publisher
vAuto Press
Year
2020
Print ISBN
9780999242735
eBook ISBN
9780999242742

Table of contents

  1. Cover
  2. Title page
  3. Copyright page
  4. Contents
  5. ACKNOWLEDGMENTS
  6. PREFACE: Gross Deception and the New Truth of Used Vehicle Profitability
  7. INTRODUCTION: A Second, Profit-Powered Wind for Dealers in Used Vehicles
  8. CHAPTER 1: Margin Compression Leaves a Mark
  9. CHAPTER 2: A Stretch of Serious Soul-Searching
  10. CHAPTER 3: A Revelation: A Troubling Cost to Market Problem
  11. CHAPTER 4: The New Math of the Used Car Business
  12. CHAPTER 5: Balancing the New Math Equation
  13. CHAPTER 6: Pushback on the Balanced New Math Equation
  14. CHAPTER 7: Balancing the New Math Equation: From Hockey to Figure Skating
  15. CHAPTER 8: A Question of Time and Money in Used Cars
  16. CHAPTER 9: A Hole in the Used Car Universe
  17. CHAPTER 10: Strange Bedfellows: Bananas and Used Vehicles
  18. CHAPTER 11: A New Algorithm and a Holy S**t Moment
  19. CHAPTER 12: A Composite of Investment Distress and Indifference
  20. CHAPTER 13: Who’s Going to Jump on the Grenade?
  21. CHAPTER 14: A Trifecta of Insights to Make Investment-Smart Acquisitions
  22. CHAPTER 15: The Makings of the ProfitTime Moniker
  23. CHAPTER 16: Understanding the “Why” behind ProfitTime
  24. CHAPTER 17: ProfitTime in Practice—Fixing Your Inventory Investment Inversion
  25. CHAPTER 18: Parameters of Proper ProfitTime Pricing
  26. CHAPTER 19: Attuning Your ProfitTime Pricing Strategy to Your Market
  27. CHAPTER 20: A Quick Point on Platinum Vehicle Pushback
  28. CHAPTER 21: Using ProfitTime to Make More Investment-Minded Acquisitions
  29. CHAPTER 22: ProfitTime’s Change Management Opportunity
  30. EPILOGUE: A Broader View of ProfitTime in Progress—and a Promise
  31. ABOUT THE AUTHOR

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