Inventory Manager/Buyer
Lamborghini Newport Beach · Irvine, CA · 1 wk ago
ManagementFull-time
About the Role
We are seeking a highly motivated and experienced Exotic Car Inventory Manager/Buyer to join our prestigious car dealership. The ideal candidate will have a passion for luxury and exotic vehicles, extensive knowledge of the automotive industry, and a proven track record in sales and purchasing.
Responsibilities
- Oversee the management and organization of the dealership's exotic car inventory.
- Ensure the proper documentation and maintenance of vehicle records, including titles, registrations, and service history.
- Conduct regular inventory audits to track and update vehicle availability and pricing.
- Assure vehicles in inventory on the front line are well organized, presented, managed, and serviced.
- Manage age of inventory, ensuring correct rotation in a timely manner (Inventory Health & Rotation). Monitor "days in stock" closely.
- Identify and source high-quality exotic cars from various channels, including auctions, trade-ins, private sellers, and online platforms.
- Evaluate and negotiate pricing, terms, and conditions with sellers to ensure optimal profitability and customer satisfaction.
- Conduct thorough vehicle inspections, appraisals, and coordinate necessary repairs, reconditioning, or modifications to meet dealership standards.
- Source premier inventory through private collections, high-end auctions, and trade-ins.
- Maintain a "black book" of industry contacts to facilitate dealer-to-dealer trades and off-market acquisitions.
- Stay up to date with current market trends, industry news, and competitor activities in the exotic car segment.
- Analyze market demand, pricing data, and customer preferences to determine competitive pricing strategies.
- Adjust pricing and negotiate deals to maximize profitability while remaining competitive within the market.
- Collaborate with the marketing team to ensure professional-grade photography and compelling, technically accurate descriptions for digital storefronts.
- Prepare and review all necessary paperwork, contracts, and documentation related to vehicle purchases, sales, and trade-ins.
- Coordinate with the finance and accounting departments to ensure accurate record-keeping and timely payment processing.
- Generate reports on sales, inventory turnover, and other key performance indicators to assess dealership performance.
Requirements
- Minimum of 10 years of experience in high-end segment automotive sales, purchasing, or dealership management with a focus on exotic or luxury vehicles.
- Extensive knowledge of exotic car brands, models, features, and market values.
- Proven track record of successful sales and purchasing in the automotive industry.
- Excellent negotiation, communication, and interpersonal skills.
- Strong customer service orientation and the ability to build and maintain long-term customer relationships.
- Attention to detail and the ability to conduct thorough vehicle inspections.
- Proficiency in using automotive industry tools and software for inventory management and pricing analysis.
- Experience with DMS inspection/approval systems such as Advanced Service and Google Sheets for sale/service department tracking.
- Familiarity with established company protocols such as consignment and purchase procedures for smog, safety, or CPO/Selezione inspection and reconditioning.
- Experience with inventory management, including proper stocking of vehicles, smog requirements, and CPO/Selezione certification tracking.
- Experience with CPO/Selezione program rules for initial inspection, reconditioning, and reporting.
- Valid driver's license and a clean driving record.
- Valid California Sales license.
Benefits
- Health, Dental, and Vision Insurance
- Life Insurance
- Paid Holidays
- Flexible Spending Accounts
- PTO and Sick Leave
- 401-K (after 1 year)
Pay
$78,000 Base Salary, plus Commission
Schedule
Full Time. Dealership Operating Hours: Monday through Friday, 8:00 AM to 5:00 PM and Saturday 10:00 AM to 5:00 PM.
Work Location: In Person