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<!-- wp:reyrey-js/list-item {"content":"Dealers lose profit every day a vehicle spends in reconditioning."} /-->
<!-- wp:reyrey-js/list-item {"content":"The reconditioning process is riddled with inefficiencies and delays."} /-->
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<div class="wp-block-reyrey-js-column"><!-- wp:reyrey-js/paragraph {"content":"It’s common for dealers and vendors alike to regularly revisit best practices for pre-owned sales. Everyone wants to unlock new ways of capturing some additional profit!"} /-->
<!-- wp:reyrey-js/paragraph {"content":"What’s easy to overlook is what goes on \u003cem\u003ebefore\u003c/em\u003e a used vehicle ever makes it to the lot: the reconditioning process."} /-->
<!-- wp:reyrey-js/paragraph {"content":"The national average cycle time for reconditioning a vehicle is 12.2 days – that is, it takes nearly two weeks from the day a vehicle is acquired to the time it’s ready to go on the lot. Most dealers have a hard inventory turn time in the range of 45-60 days, meaning your salespeople have a month to a month-and-a-half to sell the vehicle before you wholesale it."} /-->
<!-- wp:reyrey-js/paragraph {"content":"This has been the norm long enough that, on the surface, most dealers probably don’t see an issue. That’s just the business. If you have a decently performing sales staff, the process, while imperfect, seems to work as well as it possibly could, right?"} /-->
<!-- wp:reyrey-js/paragraph {"content":"Wrong. The truth is, you lose significant profit opportunity every day a vehicle spends in reconditioning, and it turns out that \u003cem\u003eseveral days’ worth\u003c/em\u003e of reconditioning time is \u003cem\u003etotally unnecessary\u003c/em\u003e."} /-->
<!-- wp:reyrey-js/paragraph {"content":"\u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003eThe Time and Money Lost in Reconditioning\u003c/span\u003e"} /-->
<!-- wp:reyrey-js/paragraph {"content":"How does this loss occur? Reconditioning is a dealership-wide process riddled with inefficiencies and opportunities for delays and bottlenecks. A few real-world examples include:"} /-->
<!-- wp:reyrey-js/list {"ordered":false} -->
<!-- wp:reyrey-js/list-item {"content":"A trade is not properly stocked in."} /-->
<!-- wp:reyrey-js/list-item {"content":"A wait in deciding if a vehicle should be retailed or wholesaled."} /-->
<!-- wp:reyrey-js/list-item {"content":"Technicians can’t get to the inspection because customers’ vehicles are considered higher priority."} /-->
<!-- wp:reyrey-js/list-item {"content":"Delayed approval for requested repairs."} /-->
<!-- wp:reyrey-js/list-item {"content":"Holdups in performing the repairs themselves."} /-->
<!-- wp:reyrey-js/list-item {"content":"Waiting for back-ordered parts."} /-->
<!-- wp:reyrey-js/list-item {"content":"Waiting on outside vendors to complete their jobs and pick up or drop off vehicles."} /-->
<!-- wp:reyrey-js/list-item {"content":"Fixed ops personnel simply forgetting about the vehicle altogether because there’s no customer asking about it."} /-->
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<!-- wp:reyrey-js/paragraph {"content":"These problems are exacerbated by the fact that reconditioning is a multi-department effort that remains manual, disjointed, and often out of sync. There’s back and forth and finger pointing due to a lack of transparency. There are no metrics for tracking how effective each step is. And let’s not forget a vendor’s role in the process: They typically don’t provide services on-site, and too often your priority isn’t \u003cem\u003etheir\u003c/em\u003e priority."} /-->
<!-- wp:reyrey-js/paragraph {"content":"\u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003eWhat’s the true cost?\u003c/span\u003e"} /-->
<!-- wp:reyrey-js/paragraph {"content":"So, what’s the true cost of a manual, inefficient, time-consuming reconditioning process?"} /-->
<!-- wp:reyrey-js/paragraph {"content":"It’s estimated that every day added to the reconditioning process is another $50 lost per vehicle. If your dealership is average, running a 12.2 day recon cycle time, that’s $610 total per vehicle."} /-->
<!-- wp:reyrey-js/paragraph {"content":"Let’s assume you move 100 used vehicles through the recon process every month. That’s $61,000 lost monthly because of the recon process ($732,000 annually)."} /-->
<!-- wp:reyrey-js/paragraph {"content":"Or maybe your dealership hits a couple of roadblocks during the process – a rescheduled vendor pick up, delayed parts delivery, busy employees – and your cycle time gets pushed back another 3 days. That’s another $150 per vehicle, $15,000 per month, $180,000 annually."} /-->
<!-- wp:reyrey-js/paragraph {"content":"You can start to see how these delays really add up!"} /-->
<!-- wp:reyrey-js/paragraph {"content":"\u003cspan class=\u0022RR-Font-Weight Bold\u0022\u003eOvercoming These Obstacles\u003c/span\u003e"} /-->
<!-- wp:reyrey-js/paragraph {"content":"The pitfalls built into the reconditioning process – manual, disjointed, prone to error and delay – may seem insurmountable. Fortunately, focusing on your processes and diligently tracking them makes it possible to implement impactful change."} /-->
<!-- wp:reyrey-js/paragraph {"content":"Imagine a \u003ca href=\u0022/solutions/reconditioning/reconvision\u0022 target=\u0022_blank\u0022 data-entity-reference=\u0022{\u0026quot;id\u0026quot;:\u0026quot;4567\u0026quot;,\u0026quot;title\u0026quot;:\u0026quot;ReconVision- Refresh (en:4567) [Product Page - Refresh]\u0026quot;,\u0026quot;type\u0026quot;:\u0026quot;product_page\u0026quot;,\u0026quot;entityType\u0026quot;:\u0026quot;node\u0026quot;,\u0026quot;lang\u0026quot;:\u0026quot;en\u0026quot;,\u0026quot;url\u0026quot;:\u0026quot;/solutions/reconditioning/reconvision\u0026quot;}\u0022\u003esingle, intuitive application\u003c/a\u003e governing the entire process from beginning to end. It tracks every vehicle, electronically dispatching jobs and automatically assigning vehicles to the next department as jobs are completed, providing a digital platform for managers and vendors alike. Perhaps most importantly, it reports live cycle times so you can spot the bottlenecks in your process in real-time."} /-->
<!-- wp:reyrey-js/paragraph {"content":"When it comes to maximizing profit on your pre-owned inventory, dealers who take a step back to reassess their \u003cem\u003ewhole\u003c/em\u003e approach, from acquisition to sale, have an opportunity. Automating the various workflows within the reconditioning process until you have one \u003ca href=\u0022/solutions/reconditioning/reconvision\u0022 target=\u0022_blank\u0022 data-entity-reference=\u0022{\u0026quot;id\u0026quot;:\u0026quot;4567\u0026quot;,\u0026quot;title\u0026quot;:\u0026quot;ReconVision- Refresh (en:4567) [Product Page - Refresh]\u0026quot;,\u0026quot;type\u0026quot;:\u0026quot;product_page\u0026quot;,\u0026quot;entityType\u0026quot;:\u0026quot;node\u0026quot;,\u0026quot;lang\u0026quot;:\u0026quot;en\u0026quot;,\u0026quot;url\u0026quot;:\u0026quot;/solutions/reconditioning/reconvision\u0026quot;}\u0022\u003eseamless, cross-departmental process\u003c/a\u003e will empower you and your employees to resolve delay-causing issues immediately upon discovery."} /-->
<!-- wp:reyrey-js/paragraph {"content":"Interested in revamping your reconditioning process and cutting down on all the wasted money? \u003ca href=\u0022/sites/default/media/2024-11/F1_AutoVision_Reconditioning_ebook_0.pdf\u0022 target=\u0022_blank\u0022\u003eCheck out our eBook\u003c/a\u003e to learn more about the value of automating workflows for cycle time savings."} /--></div>
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