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vAuto in my opinion is the most effective and the best thing that has happened to the used car business. I began using vAuto three and a half years ago in the last store I ran. It allows you to get a pulse on the market that no "cowboy" can possibly know. It gives a scientific approach inventory management. I have been recommending to people every since I first began using it. Used car managers inevitably become emotional about inventory because its a "nice car" and tend to pay to much for it or keep it too long. At the end of the day its all about turning dollars and ROI. If you use a bucket system or similar it works great with vAuto. I have been able to help dealers keep their inventory levels to a 27-35 day supply and still increase their volume with this tool. It doesn't matter if you sell 20 used a month or 120 a month this product will help you.Remember though, you still have to use common sense. This tool is a guide. I have seen people use this tool and price to the letter as vAuto suggested and leave money on the table because they had a unique car that merited a higher price because it was the only one out there. I have seen this tool help small rural stores that are selling 25-30 used a month go to 60-70 a month. The main reason for this that vAuto helps you price point the car so that people pick up the phone and call or come and see you.Note: A reminder to everyone reading this. "For every $1000 increase in your average cost of inventory above $9,500 expect a 10% decrease in volume."vAuto is a great tool to help you keep an eye on this.
vAuto in my opinion is the most effective and the best thing that has happened to the used car business. I began using vAuto three and a half years ago in the last store I ran. It allows you to get a pulse on the market that no "cowboy" can possibly know. It gives a scientific approach inventory management. I have been recommending to people every since I first began using it.
Used car managers inevitably become emotional about inventory because its a "nice car" and tend to pay to much for it or keep it too long. At the end of the day its all about turning dollars and ROI. If you use a bucket system or similar it works great with vAuto. I have been able to help dealers keep their inventory levels to a 27-35 day supply and still increase their volume with this tool. It doesn't matter if you sell 20 used a month or 120 a month this product will help you.
Remember though, you still have to use common sense. This tool is a guide. I have seen people use this tool and price to the letter as vAuto suggested and leave money on the table because they had a unique car that merited a higher price because it was the only one out there. I have seen this tool help small rural stores that are selling 25-30 used a month go to 60-70 a month. The main reason for this that vAuto helps you price point the car so that people pick up the phone and call or come and see you.
Note: A reminder to everyone reading this. "For every $1000 increase in your average cost of inventory above $9,500 expect a 10% decrease in volume."vAuto is a great tool to help you keep an eye on this.