Monaco Ford

5 BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 4 Procyon Partners is an independent, employee-owned financial advisory firm dedicated to helping families and institutions navigate the most effective path for fulfilling their financial dreams and goals. Congratulations to our client, Monaco Ford, on their recent acquisition! Contact us to learn more: 1 Corporate Drive Suite 225, Shelton CT 06484 (844) PROCYON www.procyonpartners.net Investment Management & Consulting Tax & Accounting Consulting Retirement Plan Consulting Employee Benefits Financial Planning Our Services Include: And much more! when dealing with lower inventory levels since the pandemic began. “We’ve been what we consider old school here, in that we were used to ordering vehicles for retail,” Mike says. “We did do some swaps two years ago, but if somebody was willing to wait for a vehicle, where a lot of dealerships wouldn’t want to hold off, we would, and retail that vehicle. So that process wasn’t that new for us. Since the beginning, we’ve been pretty good out of the gate to order a ton of vehicles that were sold. That backlog of vehicles has been very beneficial for us, and we do have a good of amount of retail units showing up in the course of a week. That has helped our retail business, but it’s definitely more challenging trying to sell from stock and be with the market value.” He believes the inventory issue is going to get worse this summer, especially for Ford, because it’s so popular, so they are trying to increase their certified business and used vehicle business, in