Space is tight in the tiny nation of Singapore. So when Autobahn Motors wanted a way to store its inventory of used luxury cars, it turned to a multilevel automated parking structure – popularly called a car vending machine.
“We needed to meet our requirement for storing a lot of cars,” Autobahn general manager Gary Hong told Reuters. “At the same time, we wanted to be creative and innovative.”
U.S.-based online used car seller Carvana uses a similar system. But inventory storage is an issue all dealerships, new or used, face.
This week, we have our second column from CityLift, which designs and installs automated parking structures aka car vending machines. CityLift works with Carvana, btw.
Goodwill and Blue Sky are terms that are tossed about when discussing dealership valuation. They are usually associated with that fateful question, “What is the multiple?” which leads to “What is my dealership worth?”
Arriving at the answer to that second question is so complex that you should never accept a quickly-tossed out answer, says MD Johnson’s Fred O’Halloran. He walks us through the MD Johnson approach to valuing a dealership.
Then there is Transaction News.
Enjoy!
