Learning from Past Mistakes in the Motor Trade | Motor Trade Mentors Ep14

In this episode of the Motor Trade Mentors Podcast, Joe Betty and David Gott tackle the challenges of the automotive market, covering stock management, pricing strategies, and building a sustainable business. They discuss auction processes, customer expectations, financing hurdles, and the stress of balancing satisfaction with profitability. Packed with insights on market trends, inventory rotation, and scaling operations, this episode is a must-listen for anyone in the motor trade looking to refine their strategy and learn from industry experiences.
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Joe Betty: ‪‪   @ShiftingMetal   
David Gott: ‪‪   @cardealerpro   
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Chapters

• 0:00 Introduction and Current Market Overview
• 5:55 Navigating Part Exchanges and Stock Profiles
• 9:03 Strategies for Pricing and Selling Cars
• 14:50 Lessons from Past Mistakes
• 18:00 Final Thoughts on Business Strategy
• 23:09 Navigating Aucation Challenges
• 32:34 Establishing Sysetms for Efficiency
• 36:20 Scaling the Business Efficiency
• 44:55 Understanding the Cost of Holding Inventory
• 53:59 Building a Sustainable Business Model
• 57:06 Learning from Others in the Industry