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Are you consistent with a U/C aging process?

Determine what your aging policy is going to be, then stick with it!Aging policy has to be “pure”. In other words, if your aging policy is 60 days, then a vehicle must be off the books in 60 days, as opposed to, "Well, its 60 days so let’s determine what we will do with it".The best approach to aging is to review your inventory for pricing in 15-day increments. By the 45th day (on a 60-day aging policy), you will need to determine what is the exit plan for this vehicle.Check your reports for…See More

Aug 7

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Profile Information

Which best describes you?: Dealership

What company do you work for (or own)?: Chatham Parkway Lexus/Hilton Head Lexus

What is your current position within your organization?: Executive Manager

What is your company website?: http://hiltonheadlexus.com

What is your LinkedIn page/URL?: http://www.linkedin.com/in/ nimphie

How did you specifically hear about DealerELITE? If referred, who?: internet

Not everyone gets approved for DealerELITE. To maintain the integrity of DealerELITE, tell us what you will have to offer once a dealerELITE member?: Over 50 years of dealership management and ownership, including opening the first Lexus dealership in the U.S. I truly enjoy providing mentoring for prospective dealership general managers or newly appointed dealership general managers.

Richard Nimphie's Blog

Are you consistent with a U/C aging process?

Posted on August 7, 2023 at 2:33pm 0 Comments 0 Likes

Determine what your aging policy is going to be, then stick with it!
Aging policy has to be “pure”. In other words, if your aging policy is 60 days, then a vehicle must be off the books in 60 days, as opposed to, "Well, its 60 days so let’s determine what we will do with it".
The best approach to aging is to review your…

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Management by Wandering Around (MBWA)

Posted on October 10, 2013 at 9:17am 0 Comments 0 Likes

The first time I came across the term MBWA was in one of my college text books over 40 years ago. Admittedly, I felt the author was attempting humor to describe an unprofessional approach to managing a business and communicating with company associates. Little did I realize at the time, that this would be the most important management tool I would use in my career as a dealership manager and owner.

Employee turnover has plagued the automobile industry for decades. Many articles…

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At 12:43pm on October 26, 2012, David Long said…: Welcome to the greatest mentor and car guy I know! Thank you for all you did for me and my family along this journey.