Direct answer: A store that photographs 250 cars a month outdoors loses between $93,000 and $186,000 every winter in floorplan interest, aging markdowns and walked deals. Here is the math.
The setup
250 cars a month over 25 operating days is 10 cars a day. Winter takes 30 to 60 of those shooting days off the calendar, depending on where the store is (the regional tiers are in Winter Is Photo Studio Season).
A missed day is not a missed afternoon. Cars get pushed back, re-washed, re-dried and re-queued. On average each delayed car sits about 5 extra days before real photos reach the website.
- 30 lost days: 300 cars delayed, 1,500 delayed vehicle days
- 60 lost days: 600 cars delayed, 3,000 delayed vehicle days
1. Floorplan interest: $15,000 to $30,000
A $35,000 unit at today’s floorplan rates costs roughly $10 a day in interest alone.
- 30 lost days: 1,500 days x $10 = $15,000
- 60 lost days: 3,000 days x $10 = $30,000
Count full holding cost (interest, depreciation, lot space) at about $40 a day and it is $60,000 to $120,000.
2. Aging markdowns: $45,000 to $90,000
A used car earns its best front-end gross in its first 14 days online. When photos lag 5 to 7 days after detail, roughly 20% of those cars slip past the 30-day aging window. The typical fix is a $750 price cut.
- 30 lost days: 60 aged cars x $750 = $45,000
- 60 lost days: 120 aged cars x $750 = $90,000
3. Walked deals: $33,000 to $66,000
Listings without real photos lose 40% to 60% of their VDP leads. The shopper buying this weekend buys the car that already has photos. If just 5% of the delayed units sell down the street instead:
- 30 lost days: 15 deals x $2,200 front-end gross = $33,000
- 60 lost days: 30 deals x $2,200 front-end gross = $66,000
The total
- 30 lost days (mild winter): $93,000 in hard cash. $138,000 with full holding cost.
- 60 lost days (northern or wet winter): $186,000 in hard cash. $276,000 with full holding cost.
These are averages. Plug in your own floorplan rate, markdown and gross. The number does not get small.
The verdict
A 360Booth vehicle photo studio costs less than one bad winter. Inside the studio the car stays dry, the LED lighting is the same at 5 p.m. in January as 10 a.m. in June, and SHOOTit AI sends the photos to Autoexact about 50 seconds after the last frame. The forecast stops being a line item.
The clock already ran out an hour early (What If the Sun Is Your Real Photo Manager?). The rain is in the forecast (When It Rains, Your Photo App Shouldn’t Stop Working). The math is above.
Homework: count the cars in recon today. Multiply by $10. That is what one day of waiting costs before anyone marks anything down.
FAQ
How many shooting days does a dealership lose in winter?
Between 30 and 60 for most northern stores, and 60 or more in the Great Lakes and Pacific Northwest. Early sunsets, rain, snow and low-sun glare all remove outdoor shooting days.
What does a delayed vehicle photo cost a dealer per day?
Roughly $10 a day in floorplan interest on a $35,000 unit, or about $40 a day in full holding cost including depreciation and lot space.
Why do delayed photos lead to price markdowns?
A used car earns its best front-end gross in its first 14 days online. Cars that go live late are more likely to pass the 30-day aging window, where a $750 markdown is typical.
Does an indoor photo studio pay for itself?
For a 250-car-a-month store, outdoor winter shooting costs $93,000 to $186,000 in direct profit. A 360Booth studio costs less than one bad winter and removes weather and daylight from the photo process year round.
Related Reading:
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Winter Is Photo Studio Season
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