Analyzing 7.1.7 data helps buyers understand which makes and models are turning the fastest in the current local market.
Not all aged inventory is bad. A Porsche 911 Turbo (high-demand, low-volume) might sit for 90 days and still sell for MSRP. The model assumes commodity vehicles (Camrys, F-150s, Escapes). For exotics or classics, extend the timeline. ---- 7.1.7 Car Inventory
A car that enters Tier 1 and stays for more than 15 days is on the cusp of disaster. The 7.1.7 Car Inventory model predicts that a vehicle has a 70% chance of becoming a "loser" if it crosses 60 days. Therefore, during the "1" phase, you must be aggressive with offers, test drives, and trade-in matching. Analyzing 7
Example KPIs:
"Metro Motors" (150 used cars) The Problem: 40 cars over 60 days (27% aged inventory). Monthly losses: $15,000. The 7.1.7 Audit Results: Monthly losses: $15
By leveraging these resources and following the guidelines outlined in this article, dealerships can create a comprehensive and effective 7.1.7 car inventory system that drives business success.
The seven main categories typically used in the 7.1.7 car inventory system are: