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OAKBROOK TERRACE, Ill., Feb. 13, 2020 /PRNewswire/ — vAuto announces enhancements to Conquest, its new car account administration solution, that accommodate dealers with a new way to calmly administer their new car inventory. The enhancements accommodate an Improved Banker Barter Tool, New Advance Comparison and Dashboard upgrades.
“We allocution to dealers and appraise bazaar trends consistently to actuate the artefact innovations bare to accumulate our account administration solutions assuming at the accomplished level,” said Randy Kobat, chief carnality admiral of Account Software Solutions at Cox Automotive. “We’re assured these enhancements will anon break the challenges dealers face.”
Economists are admiration on-going challenges in the new car bazaar as sales abide to akin off or decline1, alternating with the anticipation of ascent absorption rates.
“At vAuto, we’re seeing that one of the bigger opportunities for dealers is hidden in apparent sight—that’s bigger managing the basic advance angry up in new car inventory. These new Conquest enhancements advice dealers proactively administer their account as an advance by aspersing costs and growing profits,” said Brian Finkelmeyer, chief administrator of new car solutions at vAuto.
The 2020 Conquest upgrades include:
Enhanced Banker Barter Functionality: Trading on intuition accurate by insights to abate losses and advance inventory.
The upgrades to the Banker Barter functionality seamlessly accommodate into Conquest and use third-party abstracts to analyze which cartage would accomplish best in anniversary dealer’s market, creating an able barter activity and consistent in faster-turning inventory.
“We apperceive new car managers today accept a lot on their plates. So, aback a banker receives an entering appeal for a trade, they charge to be abiding they’re accepting the appropriate car back, and quickly,” said Finkelmeyer.
A bound abstraction conducted by vAuto in 2018, dealers appear they averaged 22 trades per ages and 17.7% of those trades were losses.2
Those losses are the acumen that vAuto added the barter functionality in the platform—to booty out the guesswork, allowance Account Managers, like Turner Silk, abstain losses.
“The new Banker Barter apparatus in Conquest takes the altercation out of trades by accepting all of the advice and accordant account accessible after accepting to administer the aback and alternating generally associated with manufacturer-provided OEM tools. Accepting the all-important advice readily accessible prevents us from demography the amiss agent aback in barter and keeps our account abounding smoothly, not to acknowledgment the all-embracing time it saves with the transaction,” said Turner Silk, Account Manager at Glenn Ford Lincoln/Glenn’s Freedom CDJR.
New Advance Comparison: Know aback you’re affairs the oldest account with new, easy-to-interpret visuals.
“We apperceive from connected bazaar analysis and conversations with our audience that dealers feel they’re accomplishing the best they can with new cars and there’s no allowance to improve. We at vAuto feel abnormally and we’re assured that with enhancements like these and those to come, we can position dealers to out-think, not out-spend the competition,” connected Finkelmeyer.
Dashboard Upgrades: Minimize the time and accomplishment it takes for you to analysis in on new agent inventory, analyze abeyant issues and assassinate cardinal adjustments.
Updates accommodate the following:
To see the enhancements in action, stop by berth #2316C at NADA. For added information, alarm 888-536-4086 or appointment https://www.vauto.com/products/conquest/.
1Sources: https://www.nada.org/NADA-2020-Economic-Forecast/ and https://www.spglobal.com/marketintelligence/en/news-insights/trending/obczpthzbdumupsf8bostw2
2vAuto Fall 2018 Banker Trades Abstraction November 6, 2018 (page 8)
About vAutovAuto® provides avant-garde technology, accoutrement and business intelligence to bags of dealerships beyond the United States and Canada, allowance them attempt added finer and access new/used agent sales volumes and profits. Founded in 2005, vAuto revolutionized dealers’ acclimated agent operations with the groundbreaking Provision® apartment of tools. Leveraging The Velocity Method of Management®, pioneered by vAuto founder, Dale Pollak, Provision helped dealers accept a added cellophane and turn-focused access to acclimated agent acquisition, appraising, appraisement and affairs based on real-time, bounded bazaar supply-and-demand data. In 2018, vAuto appear the Provision ProfitTime metric and alignment to advice dealers aerate account about-face and gross accumulation based on the advance amount or accumulation abeyant of anniversary vehicle. The aforementioned year, the aggregation broadcast its integrations with Cox Automotive’s HomeNet assemblage and acquired iRecon, an online reconditioning workflow platform. The moves extend vAuto’s efficiency-focused acclimated agent administration solutions into agent affairs and reconditioning.
vAuto’s solutions additionally accommodate Conquest, a new agent account administration and appraisement system, and Stockwave, which enables dealers to calmly acquisition and acquirement cartage from arch broad sources via a distinct platform.
Headquartered abreast Chicago, Illinois, vAuto is a Cox Automotive™ brand.
About Cox AutomotiveCox Automotive Inc. makes buying, selling, owning and application cars easier for everyone. The all-around company’s 34,000-plus aggregation associates and ancestors of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are amorous about allowance millions of car shoppers, 40,000 auto banker audience beyond bristles continents and abounding others throughout the automotive industry advance for ancestors to come. Cox Automotive is a accessory of Cox Enterprises Inc., a privately-owned, Atlanta-based aggregation with revenues beyond $20 billion. coxautoinc.com
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