Finance & Insurance

When I was a young used-car manager, my dealer voiced concerns about an aging used unit in inventory over 60 days. He felt I should wholesale the vehicle and get it out of inventory. Easy enough. But if I did that, it would probably lose $1,000 at auction and that loss would be charged back to the total gross profit. This outcome was not good for me because I was paid a percentage of the department

byTony Albertson