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Pre-Owned Gross Profit - Retail

Department:

Used Vehicle

Pre-Owned Gross Profit - Retail

$

Calculation

Total revenue from retail pre-owned vehicle sales minus the cost of goods sold on pre-owned sales.

DESCRIPTION

The total profit earned from the sale of pre-owned vehicles at retail.

Purpose

To measure the absolute profit from retail sales of pre-owned vehicles.

Interpretation

Did you get it right

Optimal:
Increasing gross profit, above targets, can be indicative of a well managed department.
Alert:
Excessively high margins could indicate pricing issues that may limit sales volumes and result in slow moving inventory.
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06/15/2024 05:12:05 am