12 | Controlling Major Unit Inventory

In this insightful episode, the team discusses the impact of effective inventory management on dealership success. Learn how Justin navigated an inventory liquidation, managing to avoid a $40k hit with creative strategies. Explore the complexities of flooring costs, the balance of price adjustments, and unique selling strategies in the ever-evolving automotive industry. Join us as we dive into the challenges and solutions for maintaining healthy dealer operations.00:00 Introduction and Early Success00:08 Casual Conversation and Coffee Addiction04:17 Motorcycle Adventures and Mishaps17:23 Inventory Challenges and Solutions42:19 Ribbon Cutting Ceremony and New Ventures42:54 Airbnb and Motorcycle Purchases44:43 Tesla Service Experience52:51 Dealing with Inventory Challenges01:01:54 Strategies for Inventory Management01:13:42 The Importance of Technology in Sales01:23:48 Conclusion and Final Thoughts