Job Description
Job Description
It's All Good At Applewood!
Applewood Nissan INFINITI Richmond is seeking a highly detail-oriented, experienced Inventory Manager to oversee the dealership's vehicle inventory lifecycle. This crucial role ensures we have the right mix of new and pre-owned vehicles at the right time, optimizing turnover, profitability, and customer satisfaction.
Role & Responsibilities
- Acquisition and Procurement :
- Monitor market trends and sales data to determine optimal inventory levels and model mix for both new and used vehicles.
- Source and purchase used vehicles through auctions, trade-ins, and other channels, negotiating favourable prices and terms.
- Manage new vehicle allocations and ordering with manufacturer representatives.
- Inventory Control and Valuation :
- Establish and maintain accurate cost of goods sold (COGS) and pricing strategies across the inventory.
- Conduct regular physical and system audits to ensure the accuracy of vehicle records, including location, condition, and documentation.
- Oversee the reconditioning process for used vehicles, ensuring vehicles are promptly and cost-effectively prepared for sale while managing vendors (e.g., detailers, service technicians).
Pricing and Marketing Support :
Work closely with the Sales and Internet Managers to set competitive, market-driven pricing that maximizes gross profit and turnover.Ensure all vehicle information, photos, and descriptions are accurately uploaded to the dealer management system (DMS) and online platforms promptly.Performance Analysis :Analyze Key Performance Indicators (KPIs) such as Days Supply of Inventory (DSI), turn rates, and gross profit per unit (GPU) to identify slow-moving stock and make data-driven adjustments to inventory strategies.Prepare and present regular inventory performance reports to senior management.Qualifications and Skills
Proven experience (3+ years preferred) as an Inventory Manager, Used Car Manager, or similar role in the automotive industry.Deep understanding of vehicle appraisal, valuation tools (e.g., VMR, Black Book), and auction platforms.Proficiency with Dealer Management Systems (DMS) (e.g., CDK, Dealertrack) and inventory management software.Exceptional analytical skills with the ability to interpret complex data and market trends.Strong negotiation, organizational, and time management abilitiesCommission Payment :
As an Independent Contractor, you will be paid a variable commission payment plan. Provided you hit your targets, our Inventory Manager can earn between $60,000 and $72,000 annually. As an Independent Contractor, you are responsible for setting up your own Sole Proprietorship and registering for a GST number. After which, you are responsible for paying your yearly taxes as a Sole Proprietorship (or Corporation, if you so choose). It is generally advisable that you connect with a Tax professional to receive advice on how to handle this from the beginning of your contract with Applewood.
Why should you work for Applewood?
Excellent commission package. You are your own business!We stand out from the rest because we are TRULY PASSIONATE about cars!12 dealerships and counting to work alongside and grow withGroup events, Applewood Family Day, Xmas party, BBQs, and moreWe support local communities, sports teams, and charities.Our core values :
Best-in-Class Experience : We are committed to delivering a Best-in-Class experience to every team member and client that walks through our doors.
Find a Way to Say Yes : We take full ownership, embracing the responsibility to “Make Things Better.”
Team Beats with One Heart : We are a close-knit group of professionals working towards the same goal of driving excellence in everything we do.
Go to our website to see more about our company and the many reasons why you will want to work for us!
We thank all applicants in advance, but only those selected for an interview will be contacted. Thank you for your interest!