Most of the industry experts suggest that each vehicle suffers a net value depreciation of 1.50% to 1.75% every month.
This depreciation percentage may not look like an alarming one. However, this percentage refers to a monthly depreciation of $30,000 for a dealership with 100 vehicles, each worth $15,000.
This is equal to a depreciation of one thousand dollars per day. Therefore, it is possible to improve a dealership’s bottom line significantly even by improving the reconditioning process by a few days.