On this episode of Power Player, Jacob Berry of MotoHunt discusses the importance of effective inventory management for powersports dealers.
For instance, used bike sales are a major profit center for dealers, and there are several key strategies for sourcing used bikes, including wholesale, auctions, the dealer’s own service department, private party sales and marketing on the dealer’s website.
Dealers need organized, efficient systems to track and manage all their used bike acquisition efforts, from offers made to final purchases. They also need to focus on effectively marketing and merchandising both their new and used inventory on their websites to drive more leads and sales.
Overall, data, process and technology are critical for dealers to effectively manage their inventory and maximize profitability.
Be sure to watch the video to learn more!
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