Used Vehicle Inventory & Acquisition Manager

About Carnex Automotive Group Carnex Automotive Group is a growing automotive dealership group based in Mississauga, Ontario, specializing in pre-owned electric, hybrid, and gasoline-powered vehicles. As we continue expanding our operations across multiple dealership locations, we are seeking an experienced Used Vehicle Inventory & Acquisition Manager to oversee vehicle purchasing, appraisals, acquisition strategy, and initial retail pricing. This is a high-volume, results-driven position for an experienced automotive professional with strong market knowledge, sound purchasing judgment, and a proven ability to acquire profitable inventory. Key Responsibilities Vehicle Acquisition & Purchasing Independently source, evaluate, and purchase approximately 90–120 pre-owned vehicles per month , based on inventory requirements and approved purchasing targets. Acquire vehicles through OPENLANE, ADESA, EBlock, TradeRev, dealer-to-dealer transactions, private sellers, customer trade-ins, and other approved channels. Identify vehicles with strong retail demand, competitive acquisition costs, and profitable resale potential. Negotiate purchase prices and make informed purchasing decisions within approved budgets. Develop and maintain relationships with auction representatives, dealers, wholesalers, and other vehicle suppliers. Vehicle Appraisal & Market Analysis Conduct accurate vehicle appraisals using wholesale market data, comparable retail listings, vehicle history reports, and inspection information. Evaluate mileage, specifications, accident history, title status, vehicle condition, market demand, and estimated reconditioning costs. Establish maximum purchase prices based on projected retail values, total acquisition costs, and expected profitability. Identify mechanical, structural, cosmetic, and financial risks before purchasing. Monitor market trends across electric, hybrid, and gasoline-powered vehicles. Inventory Management & Retail Pricing Establish competitive initial retail asking prices for all acquired vehicles. Ensure purchasing decisions align with inventory demand, pricing strategy, and expected inventory turnover. Maintain an appropriate inventory mix across vehicle models, categories, and price ranges. Consider transportation, auction fees, reconditioning expenses, and target front-end gross profit when evaluating purchases. Coordinate with dealership management to ensure acquired vehicles meet operational and sales requirements. Complete purchasing and initial pricing documentation accurately and on time. Performance & Reporting Track purchasing volume, acquisition costs, sourcing channels, and estimated vehicle profitability. Monitor acquisition quality and support improvements in inventory turnover and purchasing efficiency. Provide regular acquisition and inventory reports to ownership and senior management. Follow company purchasing policies, authorization limits, and approval procedures. Qualifications Required: Minimum 3 years of professional experience in used vehicle purchasing, wholesale buying, vehicle appraisal, or inventory acquisition. Proven ability to independently appraise and purchase pre-owned vehicles. Strong experience with automotive auctions and wholesale purchasing platforms. Excellent understanding of wholesale and retail vehicle values, market trends, and profit margins. Experience with CARFAX, AutoTrader, vAuto, or similar automotive valuation tools. Strong negotiation, analytical, and decision-making skills. Ability to manage high purchasing volumes while maintaining acquisition quality. Strong organizational skills and attention to detail. Valid Ontario driver's licence. Preferred: Previous experience as a Used Car Buyer, Senior Vehicle Buyer, Inventory Manager, or Vehicle Acquisition Manager. Experience purchasing inventory for multiple dealership locations. Established relationships with automotive auctions, wholesalers, and dealer networks. Pay: $100,000.00-$160,000.00 per year Ben…

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