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Car Buyer

Company: Penske Automotive Group
Location: Fairfield
Posted on: May 3, 2021

Job Description:


The Wholesale Automotive Buyer/Manager is responsible for acquiring inventory at events, auctions, other dealerships, through fleet programs, and other sources to ensure the dealership meets sales quotas and actualizes its maximum profit potential on new car sales in accordance with dealership and corporate established goals.

Essential Functions

* Forecasts goals and objectives for the department * Meets all goals and objectives for the department including, but not limited to, vehicles purchased and gross profit margin for vehicles acquired * Evaluate, appraise, and purchase vehicles at other car dealerships, credit unions, and auto auctions both in person and online * Travels as needed to attend buying events including weekly auctions * Understands the difference in vehicle types, makes and approximate wholesale value * Monitors used automobile market for trends in vehicle values * Provides management with accurate reporting on, but not limited to trends, purchase, and gross profits * Reviews inventory daily to ensure the proper mix of inventory * Recommends vehicle inventory to be carried by color, model, and equipment and makes purchases * Participates in merchandising and advertising efforts for the sales department * Maintains accurate daily, weekly, monthly, and on demand reporting that reflects activities associated with the wholesale buying program * Understands the federal, state, and local laws that govern both wholesale and retail automobile sales and ensures that wholesale program is in compliance * Maintains reporting systems required by general management and the manufacturer * Ensures that the work areas and customer waiting area are kept clean * Follows all attendance and punctuality standards with adherences to timekeeping standards * Follows the Company Code of Business Ethics and Conduct * Understands and follows all work rules and procedures and follows lawful directions from Supervisors * Upholds the company's non-disclosure and confidentiality policies and agreements * Maintains a professional appearance for self in accordance with company policy * Attends pertinent training on request * Assists with organizing and attends special events held at dealership or in the community * Attends company meetings as required * Other duties as assigned

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.

EEO Statement

The Company is committed to hiring a diverse and qualified workforce. We will not consider any characteristic or category protected by state or federal law in hiring or employment decisions, including but not limited to race, national origin, color, religion, sex, sexual orientation, gender identity, disability, age, status as a parent, or genetic information.


* Ability to quickly and accurately assess the value of vehicle prior to purchasing * Ability to purchase sufficient inventory to meet goals * Ability to travel to events and auctions to purchase inventory * Ability to purchase inventory online * Ability to understand, keep abreast of, and comply with federal, state, and local regulations that impact retail automotive sales * Computer proficiency * Ability to define problems, collect data, establish facts, and draw valid conclusions * Ability to process data and organize it for management analysis * Ability to add, subtract, multiply, and divide in all units of measure, using whole numbers, common fractions, and decimals * Ability to compute rate, ratio, and percent and to draw and interpret bar graphs * Ability to calculate figures and amounts such as discounts, interest, commissions * Ability to understand and follow work rules and procedures * Ability to apply common sense understanding to carry out instructions furnished in written, oral, or diagram form * Ability to apply common sense understanding to carry out detailed but uninvolved written or oral instructions * Ability to work independently and to carry out assignments to completion within parameters of instructions given, prescribed routines, and standard accepted practices * Ability to interact well with others and be a positive influence on morale of department, dealership, and organization

Supervisory Responsibility

This position may supervise wholesale department support staff as required by specific location

Work Environment/Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.

Light Work- lifting no more than 20 pounds at a time and/or frequent lifting or carrying of objects weighing up to 10 pounds

This position requires a good deal of sitting and from time to time may involve walking or standing, with some pushing and pulling of arm or leg controls

This position requires the ability to push, pull, climb, stoop, kneel, reach, grasp, and walk on a regular basis

This position requires the ability to talk and hear

Position Type/Expected Hours of Work

Works evening, weekend and holiday work hours as required

Required Education and Experience

Associate's degree (A. A.) or equivalent; and two to three years related experience and/or training; or equivalent combination of education and experience. Minimum of one year experience in retail automotive sales or wholesale automotive sales.

Preferred Education and Experience

Bachelor's degree (B.S or B.A) or equivalent; and two to four years related experience and/or training; or equivalent combination of education and experience. Minimum of one year experience working in the new or used sales department of a dealership or in a wholesale program or at an auto auction company.

Additional Eligibility Qualifications (Certification/Licenses/Registrations)

Valid Driver's License

Keywords: Penske Automotive Group, Fairfield , Car Buyer, Other , Fairfield, Connecticut

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