This statistic simply provides you with the value of your used vehicle stock at any one moment in time.
The figure is usually taken directly from your Balance Sheet from which your used vehicle stock can be found within the section labelled Current Assets.
The used vehicle stock value takes into account all stock write down that has taken place within the current year and it is this figure that is used for the calculation of KPI's such as used vehicle Stock Turn.
Example:
Discussion:
It is important to note that this figure is reported as a monetary value and reflects the stand in value as opposed to the retail selling price or the original purchase price.
The information that you really want to know here is how much stock should you be holding at any one moment in time? The answer to this question lies in the KPI used vehicle Stock Turn.