SCORES AND METALS

1.

What does a vehicle's ProfitTime Score indicate?

A vehicle's condition quality (well maintained, no accidents, etc.) rating at your dealership in current market conditions

A vehicle's unique profit potential at your dealership in current market conditions (low or high ROI)

The zone where you are most likely to sell the vehicle the quickest in the current market

A vehicle's quality of merchandising in comparison to other vehicles in your competitive set

2.

Select the three factors that, in proper weighting, drive a vehicle's ROI potential.

Check all that apply.

Like Mine Market Days Supply

Price to Market

Local Market Retail Volume

Adjusted Cost to Market

3.

Match each ProfitTime Precious Metal with its description.

Silver Vehicle

Platinum Vehicle

Bronze Vehicle

Gold Vehicle

Scores 10-12 and a unit with the highest ROI and gross potential

Scores 7-9 and a unit with lower risk, higher ROI, gross potential

Scores 1-3 and a unit with higher risk

Scores 4-6 and a unit with some risk where your ROI should be managed carefully

4.

In order to ensure the most accurate ProfitTime score for a vehicle, what action should you take on the pricing tab of the vehicle workbook?

Check all that apply.

Ensure your market radius is appropriate for that vehicle

Select all features and options available for a vehicle, so vAuto knows what features a car has

Ensure you have an accurate market by checking the Competitive Criteria on the Pricing Tab of the vehicle workbook

Ensure your vehicle has at least 25 photos