Young entrepreneur researching independent dealers — what's your biggest frustration?

[Harrison Schneider]

Hey everyone — I am a young entrepreneur researching the independent car dealer space before I build anything.


I am not selling anything, and I am not a vendor. I am genuinely trying to understand what day-to-day life looks like for independent dealers before I write a single line of code.


One simple question — what is the biggest frustration you deal with running your lot that you wish someone would just make disappear?


Any honest answer appreciated. Even one sentence helps me enormously.


Thanks for your time.

 

[ArmanM]

For independents? Inventory inventory inventory, lots of disadvantages from franchise dealers such as lack of access to the same lenders, flooring, and off-lease auctions but the biggest issue is inventory and the constant struggle to acquire enough inventory.

 

[Harrison Schneider]

Thanks, that is very helpful for me. When you say inventory is the biggest struggle, is it more about finding the right cars at the right price, or is it more about the financing and access to auctions that franchises have?

 

[ArmanM]

Finding enough quality inventory is the biggest struggle.

 

[Harrison Schneider]

When you say finding quality inventory is the biggest struggle, is it more about finding the right cars at the right price or more about competing with franchise dealers who have access to off lease vehicles and better auction relationships? Just want to better understand this pain point.

 

[Alex Snyder]

When you say finding quality inventory is the biggest struggle, is it more about finding the right cars at the right price or more about competing with franchise dealers who have access to off lease vehicles and better auction relationships? Just want to better understand this pain point.

Yes

 

[Harrison Schneider]

Yes

I see. Would it be correct to say that inventory is the biggest frustration? Also, I am actively looking for people to network with that currently own or manage their own car dealership? This is why I am posting on this site, to connect with people who have experience and understand their day to day frustrations before I build anything. If you are interested, you can either reply to this or send me a direct message. I appreciate the connection and this goes out to anyone seeing this.

 

[Alex Snyder]

I see. Would it be correct to say that inventory is the biggest frustration? Also, I am actively looking for people to network with that currently own or manage their own car dealership? This is why I am posting on this site, to connect with people who have experience and understand their day to day frustrations before I build anything. If you are interested, you can either reply to this or send me a direct message. I appreciate the connection and this goes out to anyone seeing this.

You are in the right spot. The only criticism I have is that you’re asking to be a bit spoon fed.

We have absolutely no idea what you are thinking and zero idea what you are capable of. This is an advanced community who will give you more feedback than anywhere else. It will give you actions to roll. It is on you to figure out how to unlock us for your cause.

 

[Harrison Schneider]

Fair enough-here is where my head is at. These dealers lose a lot of revenue per month, specifically with inventory. From what I have gotten, finding quality inventory has been a pain point, and the gap between what independents can access and what franchise dealers have. Franchises get off-lease vehicles, better auction relationships, and more favorable terms. A solution I am proposing is an AI-driven solution. Something that analyzes historical sales data from a dealer's own lot, combined with current market trends, to predict exactly which vehicles will sell fastest and at the highest margin in their specific area. Instead of buying based on gut instinct, the dealer gets a recommendation from an AI system based on data on exactly what to stock. Another layer is something that monitors what competing dealers in the same market are stocking, how long those vehicles are sitting, and at what price they eventually sell, so they understand their gaps in the local market. Now, where am I wrong about this, and why this problem hasn't been solved yet? Also, I am still reaching out to more dealerships to better understand their pain points and test if this idea is worth solving.

 

[Ryan Everson]

Fair enough-here is where my head is at. These dealers lose a lot of revenue per month, specifically with inventory. From what I have gotten, finding quality inventory has been a pain point, and the gap between what independents can access and what franchise dealers have. Franchises get off-lease vehicles, better auction relationships, and more favorable terms. A solution I am proposing is an AI-driven solution. Something that analyzes historical sales data from a dealer's own lot, combined with current market trends, to predict exactly which vehicles will sell fastest and at the highest margin in their specific area. Instead of buying based on gut instinct, the dealer gets a recommendation from an AI system based on data on exactly what to stock. Another layer is something that monitors what competing dealers in the same market are stocking, how long those vehicles are sitting, and at what price they eventually sell, so they understand their gaps in the local market. Now, where am I wrong about this, and why this problem hasn't been solved yet? Also, I am still reaching out to more dealerships to better understand their pain points and test if this idea is worth solving.

I would encourage you to look into existing products like vAuto that already have a lot of this functionality. I would also look into the average gross on vehicles acquired at auction vs vehicles acquired through trade-ins or direct from the public.