Dealership Inventory Detail (2024)

IIHS Top Safety Pick with optional front crash prevention. Scores 36 Highway MPG and 27 City MPG! This Chevrolet Malibu boasts a Turbocharged Gas I4 1.5L/91 engine powering this Automatic transmission. WIRELESS CHARGING FOR DEVICES, WHEELS, 17" (43.2 CM) ALUMINUM (STD), TRANSMISSION, 6-SPEED AUTOMATIC (STD).

This Chevrolet Malibu Comes Equipped with These Options
LPO, PORTABLE MEDIA CONNECTIVITY PACKAGE, DRIVER CONFIDENCE PACKAGE includes (UHY) low-speed forward automatic braking, (UKJ) front pedestrian braking, (TQ5) IntelliBeam, automatic high-beam headlamps, (UD5) Front and Rear Park Assist, (UKC) Side Blind Zone Alert with Lane Change Alert, (UHX) Lane Keep Assist, (UE4) Following Distance Indicator, (UEU) Forward Collision Alert and (UFG) Rear Cross-Traffic Alert, CONVENIENCE AND TECHNOLOGY PACKAGE includes (BTV) remote vehicle starter system, (DD8) inside rearview auto-dimming mirror, (KI6) 120-volt power outlet, (UDD) color Driver information Center, (IO5) Chevrolet MyLink Radio, (K4C) Wireless Charging, (USS) dual USB charging-only ports in rear of center console, (N34) leather-wrapped steering wheel and (VY7) leather-wrapped shift knob (Also includes (PZX) 18" aluminum wheels and (R0X) 245/45R18 blackwall all-season tires.) , TIRES, P225/55R17 ALL-SEASON, BLACKWALL, STEERING WHEEL, LEATHER-WRAPPED 3-SPOKE, SIDE BLIND ZONE ALERT WITH LANE CHANGE ALERT, SHIFT KNOB, LEATHER-WRAPPED, SEATS, FRONT BUCKET (STD), REMOTE VEHICLE STARTER SYSTEM, REAR CROSS-TRAFFIC ALERT.

The Votes are Counted
IIHS Top Safety Pick with optional front crash prevention, KBB.com 10 Most Comfortable Cars Under $30,000, KBB.com Best Family Sedans, KBB.com 10 Best Sedans Under $25,000, KBB.com 10 Most Awarded Brands.

Stop By Today
Test drive this must-see, must-drive, must-own beauty today at Byrider - IL121, 800 North Ave, Glendale Heights, IL 60139.

STEERING WHEEL LEATHER-WRAPPED 3-SPOKE, REMOTE VEHICLE STARTER SYSTEM, IRIDESCENT PEARL TRICOAT, CONVENIENCE AND TECHNOLOGY PACKAGE includes (BTV) remote vehicle starter system (DD8) inside rearview auto-dimming mirror (KI6) 120-volt power outlet (UDD) color Driver information Center (IO5) Chevrolet MyLink Radio (K4C) Wireless Charging (USS) dual USB charging-only ports in rear of center console (N34) leather-wrapped steering wheel and (VY7) leather-wrapped shift knob (Also includes (PZX) 18" aluminum wheels and (R0X) 245/45R18 blackwall all-season tires.), HEADLAMPS INTELLIBEAM AUTOMATIC HIGH-BEAM, LANE KEEP ASSIST, MIRROR INSIDE REARVIEW AUTO-DIMMING, WIRELESS CHARGING FOR DEVICES, TIRES P225/55R17 ALL-SEASON BLACKWALL, FORWARD COLLISION ALERT, TRANSMISSION 6-SPEED AUTOMATIC (STD), REAR CROSS-TRAFFIC ALERT, FORWARD AUTOMATIC BRAKING LOW-SPEED, SEATS FRONT BUCKET (STD), LICENSE PLATE BRACKET FRONT, DRIVER CONFIDENCE PACKAGE includes (UHY) low-speed forward automatic braking (UKJ) front pedestrian braking (TQ5) IntelliBeam automatic high-beam headlamps (UD5) Front and Rear Park Assist (UKC) Side Blind Zone Alert with Lane Change Alert (UHX) Lane Keep Assist (UE4) Following Distance Indicator (UEU) Forward Collision Alert and (UFG) Rear Cross-Traffic Alert, BRAKING FRONT PEDESTRIAN, SHIFT KNOB LEATHER-WRAPPED, LPO PORTABLE MEDIA CONNECTIVITY PACKAGE, LT PREFERRED EQUIPMENT GROUP includes Standard Equipment, JET BLACK PREMIUM CLOTH SEAT TRIM, WHEELS 17" (43.2 CM) ALUMINUM (STD), ENGINE 1.5L TURBO DOHC 4-CYLINDER DI with Variable Valve Timing (VVT) (160 hp [119.3 kW] @ 5700 rpm 184 lb-ft torque [248.4 N-m] @ 2500-3000 rpm) (STD), FRONT AND REAR PARK ASSIST, AUDIO SYSTEM FEATURE USB CHARGING-ONLY PORTS DUAL located in the rear of the center console, POWER OUTLET 120-VOLT located on the rear of center console, DRIVER INFORMATION CENTER COLOR DISPLAY includes trip/fuel information vehicle information and vehicle messages, AUDIO SYSTEM CHEVROLET MYLINK RADIO WITH 8" DIAGONAL COLOR TOUCH-SCREEN AM/FM STEREO with seek-and-scan and digital clock includes Bluetooth streaming audio for music and select phones; voice-activated technology for radio and phone; featuring Android Auto and Apple CarPlay capability for compatible phone, FOLLOWING DISTANCE INDICATOR, SIDE BLIND ZONE ALERT WITH LANE CHANGE ALERT, Turbocharged, Front Wheel Drive, ABS, 4-Wheel Disc Brakes, Aluminum Wheels, Tires - Front Performance, Tires - Rear Performance, Temporary Spare Tire, Automatic Headlights, Heated Mirrors, Power Mirror(s), Integrated Turn Signal Mirrors, AM/FM Stereo, MP3 Capability, Bluetooth Connection, Auxiliary Audio Input, Smart Device Integration, Telematics, WiFi Hotspot, Requires Subscription, Bucket Seats, Power Driver Seat, Driver Adjustable Lumbar, Pass-Through Rear Seat, Rear Bench Seat, Floor Mats, Floor Mats, Adjustable Steering Wheel, Cruise Control, Steering Wheel Audio Controls, Security System, Security System, Power Door Locks, Power Windows, Power Windows, Keyless Entry, Power Door Locks, Keyless Start, Cruise Control, A/C, Rear Defrost, Power Outlet, Driver Vanity Mirror, Passenger Vanity Mirror, Driver Illuminated Vanity Mirror, Passenger Illuminated Visor Mirror, Traction Control, Stability Control, Brake Assist, Daytime Running Lights, Driver Air Bag, Passenger Air Bag, Front Side Air Bag, Rear Side Air Bag, Front Head Air Bag, Rear Head Air Bag, Passenger Air Bag Sensor, Knee Air Bag, Telematics, Requires Subscription, Telematics, Requires Subscription, Back-Up Camera, Child Safety Locks, Driver Restriction Features, Tire Pressure Monitor

*The dealer does not guarantee all factory options listed are operational.

Dealership Inventory Detail (2024)

FAQs

What inventory method do car dealerships use? ›

The benefits of using the LIFO method for auto dealerships include: matching inventory costs to revenue, reduction of income tax liability (deferment), and. minimizing write-downs of vehicles to fair market value because of decline in inventory costs.

Why are dealerships low on inventory? ›

This may occur for many reasons, such as unexpectedly high demand for a particular model or production delays. Car inventory shortages can have many impacts on car dealerships and manufacturers. For example, if a dealership does not have the vehicles customers want, it may lose sales and damage its reputation.

What does a car dealership inventory manager do? ›

Responsibilities include managing the sales floor, closing used car deals with customers,maintaining inventory, purchasing inventory, making sure the cars are reconditioned properly and marketed

What is the average inventory turnover for a used car dealership? ›

The coveted benchmark for auto dealers is an inventory turnover ratio of 12. This suggests that a dealership sells its entire inventory every 30 days, which is 12 complete turnovers annually.

What do car companies do with unsold inventory? ›

Unsold vehicles stay in the dealer's lot until someone buys them. Unsold new cars may be sold at a discounted price or used as service loan vehicles. It might be a good idea to buy an unsold unit of the previous model year because these vehicles are in good condition and are typically unused.

Are car dealer inventories improving? ›

Finally, after years of volatility, new car inventories are climbing above historical norms. We wouldn't quite call it a buyers market since the average selling price remains well above what anyone would call affordable.

Why do dealerships always want money down? ›

A down payment helps many lenders remove some of the upfront risk associated with a car loan. So if you decide to buy a car with no money down, realize you may have to pay a higher interest rate throughout your loan. It can also mean you may pay more for your loan over time due to those higher rates.

Is there still a car shortage in 2024? ›

We almost forgot what that feels like, but our data show 2024 could shape up to be a buyer's market provided you're looking to buy new. New-car inventory increased by 36% year over year, with inventory levels close to what they were in February 2021 before pandemic shortages really started to hit.

Will a dealership come down on price? ›

Can you ask a car dealer to lower the price? Yes, you can negotiate on the price of a car. However, it helps to do your research on the vehicle's fair market value and out-the-door price beforehand so that you know how much room you have to haggle.

How do car dealerships keep track of inventory? ›

The RFID tag is easy to read from 10' or more from the car. RFID makes taking a daily open/close inventory a simple, fast, effective process. When did the car go missing? Without a daily count, you'll never know.

Why do car salesmen check with manager? ›

The salesperson wants to know from the manager how much the dealership owns the car for. That number will dictate the entire negotiation with you. For example, if your offer is well below the amount the dealership owns the car for, the salesman will come back and tell you you're way off.

What do inventory managers keep track of? ›

Inventory management is a critical aspect of any business that deals with physical goods. It involves tracking the various items in a business's stock and ensuring that there are enough supplies to meet customer demand, while ensuring that there isn't an unnecessary surplus.

What is the average profit margin for a dealer? ›

Significance of Understanding Dealership Margins

How much do dealerships make on new cars? Car dealerships average a net profit margin of 1-2% per car. That means that for every $20,000 in sales, the average dealership makes $200-$400 in profit.

What is an acceptable inventory turnover? ›

For most industries, the ideal inventory turnover ratio will be between 5 and 10, meaning the company will sell and restock inventory roughly every one to two months.

What is the average return on sales in the automotive industry? ›

1) The Automotive sector

This makes the return on sales ratio an ideal way to forecast manufacturer growth. The return on sales from automotive dealers in 2021 was 7.2%. The return on equity, a measure of return on investment, was 29.1%. Investors can confidently invest their assets only after they know these figures.

Which inventory costing method would a car dealership use? ›

Last-in, First Out (LIFO) Method of Accounting for Inventory

Dealerships often choose LIFO for new vehicle inventory, as they are able to report lower profits and defer income tax, resulting in a lessened annual income tax liability.

Which inventory technique is used in automobile industry? ›

Just-In-Time (JIT) inventory management is a methodology that is based on the principle of ordering parts as they are needed, rather than maintaining large inventory levels. The goal of JIT inventory management is to minimize inventory costs by reducing the amount of stock that needs to be stored and managed.

Do car dealerships use perpetual inventory system? ›

Businesses that use POS systems and sell high-value items (e.g., car dealerships) usually use perpetual inventory systems to frequently count inventory.

What is the LIFO method for car dealerships? ›

LIFO is a method for calculating how much an automotive dealership spent on automobiles they sold over the year. The LIFO technique determines the cost of products sold by assuming that the most recently purchased units are sold first.

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