The Mobility Team provides your business with a KPI Dashboard to help you optimise your business on a daily basis. One of the key focuses of our KPI Dashboard is to show you how much you are spending per vehicle on a daily basis before there is an active buyer.
KPI (Key Performance Indicator) - Focus on making money, not on the units sold! If you break down your business into easily manageable parts, you will focus on making money and not on selling units. Used vehicles should be sold within 120 days. If you don’t manage this properly, you lose profit opportunities and it can cost you money where you should be making money. You can establish the exact impact of this lost opportunity by dividing the actual number of days a vehicle has been in stock by your stock turn and then multiply this by your average profit. See the example below for more information.