vAuto Introduces ProfitTime GPS Enhancements

By Staff Writer January 19, 2023

This week, vAuto introduced enhancements to its flagship inventory management solution, ProfitTime GPS, which helps dealers execute the all-new Variable Inventory Management strategy. Enhancements for 2023 include an alignment tool designed to help multi-rooftop organizations identify and improve subpar pricing performance across individual stores, as well as new integrations that make it easier for dealers to source vehicles more effectively from consumers.

“Between inventory challenges and fast-changing market dynamics, dealers are going to need to do more than dust off the old playbook to succeed,” said Derek Hansen, vice president of operations for vAuto. “Today’s market requires dealers to reach across more sources than ever before to find the right vehicles, and they need real-time data to manage their inventory profitably. That’s exactly what ProfitTime GPS helps them do.”

At its core, ProfitTime GPS is designed around the all-new used vehicle strategy called Variable Inventory Management. Evolving beyond the Velocity Method, which encouraged turning all inventory as quickly as possible, Variable Inventory Management delivers a new direction for used vehicle management—one focused on giving dealers a tailored approach that helps them understand and act on each individual vehicle’s profit potential.

ProfitTime GPS puts this philosophy in action by providing dealers with recommended price ranges on every vehicle, every day. It ultimately shows which vehicles are “turners,” or ones that should be priced to move quickly because they’re in low demand and high supply, and which vehicles are “earners,” or ones that dealers can hold out for more profit on because they are in high demand and low supply.

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Last modified on Wednesday, 25 January 2023 14:01