Leaderboard

I couldn't agree more with this, I do really well with old, lowish mileage stock, I tend to sit on them for longer waiting for the right customer, bought a 53 plate Cmax in November £700 full ford history, 70k, sold it today for £1700. However I've had a fiat 500 63 plate, lovely colour, 29k miles bought for 5k a month ago, haven't had much interest and I know I'm going to have to reduce it soon, I'll probably make more on the Cmax.

Personally I would price it to sell it ASAP. I was educated in PLC businesses and we would have a strict 30/60/90 day stocking policy. Premium Price for the first 10 days after its advertised, check weekly against the market ( sometimes increasing the price ) if its still there a few weeks later and approaching 60 days re price, re picture and re describe. After that its gotta be gone by 90 days ( otherwise we got a £1000 fine ) so we priced it cheapest in the UK and got it gone. I still instill this myself in my own business and have an average days in stock of around 25 days. I have around 110% stock turn. If I have a £5000 car sat for 3 months I always think there's something else I can invest that £5k in to make a few ££ get the ££ back in the bank and move on ( and learn....... always learning ) My 10p worth anyway

Sit on it , do not panic ! Thats just how this job is .... if it was easy everyone would be doing it .. Oh everyone is doing it !