Inventory Turn Rate is defined as the ratio of available inventory to monthly sales. This is a good metric to track because it can help you better understand how you compare with high-performing, average, or underperforming dealerships.
On average, top performers turn their inventory every 20 days. To achieve this, all areas of your dealership need to be focused and work efficiently. Time is money in this circumstance, but the reward is worth the work. Quick inventory turns enhance the high-gross potential linked to new inventory and boost sales in other dealership divisions.