No More Manually Managing Your New & Used Car Inventory: I’m proud to write that new car inventory management tools and analytics will be arriving and introduced at this year’s NADA Convention in New Orleans. There is simply no reason for this vital component of a dealer’s operations to be ignored for innovation for this long. We’ve had used car inventory management systems in our industry since 2001. A dozen years have passed and still dealers are forced to manually manage new car inventory operations.
What is needed to bring an innovative new car inventory management into your dealership? We need tools that help identify which vehicle packages and colors perform the best. We need stocking tools to manage ordering and allocations; and we need tools that provide leverage in pushing back and negotiating with the OEMs. We need to understand days supply in our markets and how our competitors are pricing their new inventory.
Now time for New Car Inventory Management: Used car operations have been totally transformed since 2001. Now is the time for innovation in the new car space. The market is for the taking for the company that is the first to market with a comprehensive tool.
READ MORE to find out how your dealership can gain a fantastic new and used car inventory management system.