What is the inventory turnover rate for new cars?

[LeBrooklyn]

New car inventory turnover rate is generally around 70%. A higher inventory turnover rate indicates better sales performance. Increase or decrease in inventory: Under the conditions of material shelf life and capital allowance, the inventory control target days can be appropriately increased to ensure reasonable inventory. Conversely, the inventory control target days can be appropriately reduced. Calculation formula for inventory turnover rate: The commonly used inventory turnover rate = Annual cost of goods sold / Average inventory value for the year. The annual cost of goods sold (COGS) (excluding sales expenses and management costs) is used as the numerator, divided by the annual average inventory value.