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    • Used Car Inventory Management

          • vAuto’s ProfitTime GPS is the industry’s only solution that brings data-driven insights about each vehicles value to every retail pricing and every sourcing decision you make — in every channel you make them.

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          • vAuto’s Provision inventory management software uses vAuto’s Live Market View to help used car dealers stock, appraise, price and list more precisely than their competitors.

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          • How to Drive Vehicle Profitability | Q2 2024 Live Market View

          • Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.

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    • New Car Inventory Management

          • Conquest gives you a Live Market View of new car inventory in real time, resulting in better new car strategies.

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          • How to combat new car pain with Autotrader + vAuto

          • There’s a proven way to reach a larger audience of in-market shoppers and hold on to your market share with Autotrader and vAuto.

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    • Wholesale Strategy

          • vAuto’s Stockwave wholesale sourcing software gives you access to vehicles from 300+ marketplaces with the most accurate, up-to-the-minute Live Market View of today’s used car values and pricing.

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          • The proven way to profit at wholesale.

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          • Stockwave: Using Glance to evaluate a vehicle's potential

          • Watch Stockwave’s Glance in action in this product demo video. Stockwave delivers live market data you can’t get anywhere else.

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    • Merchandising

          • Intelligent Promotion allows your dealership to merchandise more efficiently with attention-grabbing VDP content and promotions you can scale across your inventory.

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          • Vehicle Intelligence 360 allows you to easily create a superior VDP experience that differentiates and showcases each used vehicle’s value online.

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          • The goal of your digital merchandising is to show shoppers that the value of your vehicle matches – or exceeds – the price you’re asking for. So, how do you convey enough value online to convince shoppers they’re getting a great deal?

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    • Reconditioning

          • iRecon reconditioning software allows your dealership to efficiently communicate with reconditioning partners, reduce holding costs and get vehicles in front of customers sooner.

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          • See what repairing your recon can do for your profits

          • Building a more efficient process with iRecon can help increase your ROI. Use this calculator and see how much additional profit you could expect each month.

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          • Used Car Inventory

          • Managing inventory is a matter of making sure every decision makes money for your dealership. Provision® helps decision-making look easy, increasing efficiency and turn even in the toughest times.

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          • New Car Inventory

          • Many dealers feel like their inventory — and their success — is limited. Dealers who use Conquest™ feel differently and have as much as a 39% increase in new car sales to show for it.

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          • Wholesale Sourcing

          • Battling a more challenging auction environment than ever, many dealers come home with cars that don’t gross. Dealers who use Stockwave are seeing as much as a 40% increase in gross profit.

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    • Our Approach
          • How to Drive Vehicle Profitability | Q2 2024 Live Market View

          • Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.

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    • Performance Management
          • How to Drive Vehicle Profitability | Q2 2024 Live Market View

          • Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.

            Watch video

    • Live Market View
          • How to Drive Vehicle Profitability | Q2 2024 Live Market View

          • Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.

            Watch video

    • Technical Support
          • How to Drive Vehicle Profitability | Q2 2024 Live Market View

          • Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.

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    • Training
          • Ongoing Training and Webinar Opportunities

          • vAuto offers on-going training and webinars each month for our dealers. Check out our upcoming schedule and register today!

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          • vAuto Events Schedule

          • Join us as we showcase our latest innovations, share insights, and operational best practices for dealers. Here’s where you can find us and a glimpse of what you’ll get.

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    • Leadership
          • How to Drive Vehicle Profitability | Q2 2024 Live Market View

          • Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.

            Watch video

    • FAQ
          • How to Drive Vehicle Profitability | Q2 2024 Live Market View

          • Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.

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    • Careers
          • How to Drive Vehicle Profitability | Q2 2024 Live Market View

          • Dealers are feeling a profitability pinch in new and used vehicles as new vehicle supplies grow and potential buyers face their own pocketbook pressure. Watch now as we share practical pointers to help dealers manage new vehicle profitability.

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What Happened to Your Average Gross Profit?

Author Dale Pollak

 

For some time now, I’ve been talking and writing about the margin compression that’s occurring in the used car industry.  Below you’ll find an excerpt from a recent NADA publication entitled Guidelines:  NADA Used Car Guide Industry Update.  So if you’re wondering what’s going on with your average gross profit, here is some valuable insight. (Please click on the below excerpt to enlarge.)

The post What Happened to Your Average Gross Profit? appeared first on Dale Pollak.