The Independent Dealer Podcast

#18 - Monday Minute | Lot Rot Is Killing Your Profit


Listen Later

Welcome to the Monday Minute, brought to you by Collections Boot Camp with AI from Godwin Consulting — your weekly reset to lead better, think clearer, and build your independent dealership with intention. You don't make your money when you buy the car. You don't even make it when you price it. You make it when you sell it — and the faster that happens, the more efficient your entire used car dealership becomes. In this episode, Luke and Jeff break down one of the most ignored numbers in the independent dealer business: turn time. They walk through what a healthy turn looks like (1.5 is the sweet spot, around 45 days), how to calculate yours straight out of your DMS by dividing your average inventory by your average monthly sales, and why slow inventory is quietly killing your profitability. Lot rot is real — Jeff can point to two cars literally grown into the asphalt of his dealership. Aged units force discounts. Flooring fees, curtailments, and interest pile up. And every week a car sits, you're missing the chance to put something fresher and more exciting in front of a customer. Luke and Jeff dig into what's actually slowing dealers down — pricing, reconditioning delays, merchandising, or simply the wrong cars on the lot — and give you the math and the mindset to fix it. Turn time isn't just a number, it's a discipline. Your assignment this week: calculate your turn honestly, and identify one thing you can change to pick up the speed. Speed isn't pressure — it's the strategy for being a great independent car dealer. Review this week's Sunday newsletter at www.theindependentdealer.com for the full theme and exercises. Not subscribed yet? Sign up now. https://theindependentdealer.us19.list-manage.com/subscribe?u=603446580871d8522a454418d&id=50aae74348Let's build this together. SPONSORED BY COLLECTIONS BOOT CAMP WITH AI — Godwin Consulting Group 📅 May 14, 2026 | 📍 Atlanta, GA Learn more & register: www.godwinconsultinggroup.com/training

...more
View all episodesView all episodes
Download on the App Store

The Independent Dealer PodcastBy Jeff Watson & Luke Godwin

  • 4.9
  • 4.9
  • 4.9
  • 4.9
  • 4.9

4.9

96 ratings


More shows like The Independent Dealer Podcast

View all
The Ramsey Show by Ramsey Network

The Ramsey Show

39,228 Listeners

BiggerPockets Real Estate Podcast by BiggerPockets

BiggerPockets Real Estate Podcast

16,749 Listeners

EntreLeadership by Ramsey Network

EntreLeadership

4,424 Listeners

The GaryVee Audio Experience by Gary Vaynerchuk

The GaryVee Audio Experience

16,842 Listeners

Ramsey Everyday Millionaires by Ramsey Network

Ramsey Everyday Millionaires

3,680 Listeners

ChooseFI | Financial Independence Podcast by ChooseFI

ChooseFI | Financial Independence Podcast

5,156 Listeners

The Game with Alex Hormozi by Alex Hormozi

The Game with Alex Hormozi

4,471 Listeners

The Home Service Expert Podcast by Tommy Mello: $200 Million Founder|Forbes, Inc., Entrepreneur Columnist

The Home Service Expert Podcast

733 Listeners

Down Payment: The Podcast for Used Car Dealers by META Financial Services, Inc.

Down Payment: The Podcast for Used Car Dealers

4 Listeners

Used Car Dealer Podcast by Used Car Dealer Podcast

Used Car Dealer Podcast

13 Listeners

BiggerPockets Daily by BiggerPockets

BiggerPockets Daily

319 Listeners

On The Market by BiggerPockets

On The Market

901 Listeners

Car Dealership Guy Podcast by Car Dealership Guy

Car Dealership Guy Podcast

419 Listeners

BigDeal by Codie Sanchez

BigDeal

950 Listeners

The BHPH Morning Show by Jim & Michelle Rhoads

The BHPH Morning Show

4 Listeners