vAuto Enhances iProvision Solutions with Centralised Inventory Management
vAuto's Centralised Inventory Management solution unlocks greater efficiency, consistency and visibility across all dealership locations.
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vAuto, a Cox Automotive, Inc. brand, announced two new innovative enhancements to its solutions, ProfitTime GPS and Provision: Centralised Inventory Management to support dealer group oversight and a new appraisal experience, which help dealers win more trade-ins in a supply constrained used vehicle market.
Designed to streamline operations, enhance transparency, and deliver actionable insights for dealerships, Centralised Inventory Management and the new appraisal experience can give dealers a competitive edge in today’s dynamic market.
vAuto has remained a long-trusted partner for dealers,” said Derek Hansen, VP of Inventory Solutions Management at Cox Automotive. “However, with 80% of clients having multiple rooftops, we saw an opportunity to improve our enterprise dealer solutions. By leveraging Cox Automotive‘s data and expertise, these tools are designed to improve operational efficiency while empowering our clients with actionable insights.”
Centralised Inventory Management
vAuto’s Centralised Inventory Management solution unlocks greater efficiency, consistency and visibility across all dealership locations. The new tool optimises vehicle management, enabling dealers to align decisions with enterprise-wide strategies and maximise vehicle ROI across all locations.
Key features include:
- Enterprise Transfer Portal: Optimizes every car across all of a dealer’s locations with centralised actions. Dealers can quickly identify inventory issues, transfer vehicles where they’re needed, and optimise retail potential across all locations.
- C-Suite Reporting and Actionable Insights: Delivers a clear, real-time view of performance at both the individual location and group level.
- Dashboards: Dealers can track performance and drive accountability across their group, keeping everyone aligned on goals and outcomes while improving consistency and transparency across locations.
New Appraisal Experience
It’s estimated that there is more than a $1,000 gap between estimated and actual reconditioning costs on 39% of vehicle identification numbers (VINs). (Source: vAuto and Dealertrack data, 2022–2023) vAuto’s new appraisal tool addresses this challenge by minimising costly mistakes, ensuring consistent and transparent offers that build consumer trust, and helping dealers acquire vehicles aligned with their inventory strategy.
Notable features include:
- Mobile Capture App: The mobile-friendly capture feature enables dealers to capture high-resolution, 360-degree vehicle images and document damage for seamless handoffs to appraisers, even while on the go.
- More Precise Reconditioning Estimation Tools: Calculate each vehicle’s unique reconditioning costs using advanced tools that integrate with OBDII to improve accuracy and reduce errors.
- Kelley Blue Book Instant Cash Offer: Dealers can now access Kelley Blue Book® Instant Cash Offer branded offer report within their appraisal screen detailing the offer amount and how it was generated. Customers have access to clear, transparent appraisals backed by trusted Kelley Blue Book data to connect the online valuation experience with the on-the-lot valuation process to enhance their trust and confidence in every transaction.
“Vehicle appraisals are critical to profitability. By integrating these advanced tools that minimise inconsistencies, dealerships can increase profitability, ensure more accurate pricing, streamline inventory management, and enhance the overall customer experience,” concluded Hansen.
