Used Vehicle Profiler
Dealership accountants are frequently asked a number of questions about used cars and profitability. It is time-consuming to extract and compile this information, often resulting in the profiling and profitability of used cars being carried out on an infrequent basis.
If you experience this, you may find it likely that your dealers do not realise the true value of the vehicles they have held in stock for over 90 days, and they may not have a selling price on the DMS. This is where the Used Vehicle Profiler (UVP) can assist.
The UVP can take downloads direct from a dealer's DMS (from specially written reports) and import them into an analytical tool that gives managers answers to their questions in real time. The reports can be used in a number of ways:
- Highlight weaknesses in controls over certain aspects of the used stock
- Highlight over-age vehicles, together with possible reasons
- Highlight the true cost (including stocking cost) of holding over-age vehicles
- Assist with planning inventory (acquisition and disposal)
- Assist with pricing and margin strategy for used vehicles