4

401 Auto

Sells vehicles and arranges auto financing

Used Car Manager

Retail Store ManagementConfirmed live in the last 24 hours
Full-timeLondon, ON, CanadaNo salary listedIn-person

About the Job

Requirements

  • Three to five years of successful automotive management experience, preferably in used vehicle operations.
  • Strong knowledge of vehicle appraisal, wholesale purchasing, market-based pricing, and inventory management.
  • Experience with wholesale platforms such as OpenLane and EBlock.
  • Proven ability to manage inventory turn while maximizing gross profit.
  • Demonstrated leadership experience developing and motivating high-performing sales teams.
  • Strong understanding of OMVIC regulations and Ontario automotive retail legislation.
  • Experience using inventory management, customer relationship management (CRM), and market pricing tools.
  • Valid Ontario driver's licence and a clean driving record.

Responsibilities

  • Appraise trade-in vehicles and make buy/sell decisions on whether to retail, wholesale, or send vehicles to auction.
  • Source inventory through wholesale channels, including OpenLane, EBlock, dealer-to-dealer transactions, auctions, and private purchases.
  • Manage inventory levels, maintaining a maximum inventory supply of 45 days, and monitor 30-, 60-, and 90-day aging reports.
  • Develop and execute a service drive acquisition strategy to purchase vehicles directly from customers and maintain a consistent supply of desirable inventory.
  • Set and adjust retail pricing using live market data and pricing tools to remain competitive and maximize profitability.
  • Coordinate with the Service and Detail Departments to prepare vehicles for sale within a target turnaround of one to three days while controlling reconditioning costs.
  • Own monthly sales volume, front-end and back-end gross, gross profit per unit, and total departmental profitability against budget.
  • Recruit, coach, motivate, and manage the Used Vehicle Sales Team, set individual performance goals, and conduct regular sales meetings.
  • Ensure each used vehicle is accurately merchandised online with professional photos, compelling descriptions, and competitive pricing across the dealership website, AutoTrader, and other third-party marketplaces.
  • Maintain compliance with OMVIC regulations and Ontario disclosure requirements, including vehicle history disclosures and salesperson registration.
  • Prepare and present regular performance reports to Executive Management on inventory aging, inventory turn, sales performance, profitability, and departmental KPIs.

About the Company

401 Auto

Sells vehicles and arranges auto financing

401 Auto sells vehicles and arranges auto financing for drivers across Ontario, including people with limited credit histories or past financial difficulties. Operating as 401 Auto Financing within The 401 Group of Companies, it matches customers with external lenders through its dealership locations and online application. Finance specialists review an applicant's contact, income and address details, seek lender approval and help select a vehicle that fits the approved budget. The business also accepts trade-ins and provides access to vehicle service and parts, linking the purchase and financing process with ongoing ownership needs. Founded in 2011, it is headquartered in Cambridge, Ontario.

Company size
Not listed
Company stage
Not listed
Total funding
Not listed
Headquarters
Cambridge, Canada
Founded
2011

Recently Posted Jobs

Explore more opportunities at 401 Auto

See more jobs