*Holding Costs - These are the total daily costs to operate a used car yard and generally include floor plan interest, Salaries of all staff involved in used cars - Manager, Sales staff, Yard hands, and other allocated salaries, rent and fixed cost allocation to used cars. Divide the total monthly amount by the average used cars sold per month this will give you the average holding costs per car per day.

*Average Reco Days - This is the average time it takes a used car to be yard ready from the time it arrives as a trade in or buy in.