Can’t Sell What You Don’t Have: An Old Car Business Adage
An old saying in the car business is that you can’t sell a car you don’t have. This became clear during the COVID-19 pandemic when dealers faced inventory shortages. Today, supply chain disruptions and high demand continue to make it challenging for dealers to meet customer needs.
vAuto Solutions Enhance Vehicle Inventory Management
Creating a multi-channel sourcing strategy is crucial for maintaining the optimal number and mix of vehicles. Tools like vAuto’s Global Search aid in this process by helping dealers consistently maintain the proper number and mix of vehicles in their inventory.
Tech Tools Streamline Vehicle Acquisition
Technological tools such as Global Search and Kelley Blue Book Instant Cash Offer streamline the process of finding and acquiring vehicles, making it more targeted and efficient. These tools reduce the complexity and time-consuming aspects of vehicle sourcing, allowing dealers to focus on the cars they need and those with the greatest income potential.
Global Search Optimizes Dealer Inventory Strategy
Global Search helps dealers measure and manage their inventory strategy across channels, ensuring alignment with business objectives and improving acquisition outcomes. The system offers metrics like Look to Book and Investment Value to help dealers identify when acquisition volume expectations need attention and coaching.
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More Inventory Trend Articles
Read about other major inventory challenges dealerships across the country are facing along with vAuto’s point of view on the state of the industry.
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