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DECEMBER 1, 2024

In today’s competitive used car market, dealerships can’t afford to rely on guesswork during vehicle appraisals. Missing a mechanical issue or overlooking a key feature from a window sticker can lead to profit losses. While window stickers show visible features, mechanical issues are often hidden and can be profit killers.

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Used Cars Car Mechanic A Tech 52

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JUNE 23, 2025

Consider these actions to reduce market risks to used car profitability. Appraisals As you evaluate potential trades and walk private-party purchases and auction cars, use your good sense, but be humble and back that estimate with a VIN scan. Speed repair approvals between the recon department and the used car manager.

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Used Cars Software Mechanic Management 52

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JANUARY 14, 2025

Since the dealership often handles these repairs under the service contract, it ensures that any needed work stays within the dealerships service drive rather than going to a third-party mechanic. By securing a VSC post-sale, dealers can lock in this relationship, encouraging repeat business for future car purchases.

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OCTOBER 11, 2024

Tracking T2L allows dealerships to pinpoint delays, whether in mechanical reconditioning, detailing or the approvals process, enabling them to make targeted improvements. Reconditioning isn’t just about fixing cars; it’s about refining processes to be as efficient and effective as possible.

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Used Cars Car Management Mechanic 52

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MARCH 28, 2024

Margin compression affects every department of your dealership, notably used car reconditioning and used car appraisals. Used Car Reconditioning A reconditioning speed of three to five days, from acquisition to frontline readiness, is the efficiency gold standard. How do you manage margin compression here?

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Used Cars Management Retail Vehicle 93

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MARCH 15, 2024

This stands in sharp contrast to dealers who often face the challenge of uncertainties in used car acquisitions due to a lack of comprehensive data. Modern technology offers a solution, providing tools designed specifically for the dealership industry that mirror those used by stock investors.

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Mechanic Vehicle Utilities Used Cars 98

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JANUARY 12, 2024

Lack of Recon Visibility Up Front During the appraisal process, you have little insight into the mechanical condition of the vehicle you’re appraising or exact reconditioning costs. Your walk around, test drive and the Carfax report can only give you so much.

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