Nobel attempt at innovation but falls short when it comes to results. This consignment dealership claims sales success at 60%-70% when in fact it comes closer to 30%. Average turn time on inventory is much more than 45 days, while their touted 1.2 million in sales per year really breaks down to about 20 car sales per month if you take into account an average selling price of $5,000 per car. Out of that 20, many of those vehicles are bought by Automotive Consignment to sell under their guaranteed financing program that charges most buyers the max.interest rate allowed by the state. The dealership tends to attract customer's with credit histories that do not allow them to purchase the dealerships consigned inventory. 20 vehicles out of an inventory of 120 isn't what most would classify as a successful and viable car buying and selling alternative. Stick with (ROR REDACTED COMPETITORS NAMES)
Carl
Charlotte, North Carolina
U.S.A.
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