
Cox Automotive’s brand vAuto announced on Jan 17 two new innovative enhancements to its solutions, ProfitTime GPS and Provision: Centralized Inventory Management to support dealer group oversight and a new appraisal experience, which help dealers win more trade-ins in a supply constrained used vehicle market. Designed to streamline operations, enhance transparency, and deliver actionable insights for dealerships, Centralized Inventory Management and the new appraisal experience can give dealers a competitive edge in today’s dynamic market.
“vAuto has remained a long-trusted partner for dealers,” said Derek Hansen, VP of inventory solutions management at Cox Automotive. “However, with 80% of clients having multiple rooftops, we saw an opportunity to improve our enterprise dealer solutions. By leveraging Cox Automotive’s data and expertise, these tools are designed to improve operational efficiency while empowering our clients with actionable insights.”
The Centralized Inventory Management solution from vAuto promises greater efficiency, consistency and visibility across all dealership locations. The new tool optimizes vehicle management, enabling dealers to align decisions with enterprise-wide strategies and maximize vehicle ROI across all locations.
Key features include: an Enterprise Transfer Portal to identify inventory across all locations and optimize retail potential; C-Suite Reporting and Actionable Insights for real-time performance; as well as Dashboards to track performance and drive accountability.
It’s estimated that there is more than a $1,000 gap between estimated and actual reconditioning costs on 39% of vehicle identification numbers (VINs). (Source: vAuto and Dealertrack data, 2022–2023) vAuto’s new appraisal tool addresses this challenge by minimizing costly mistakes, ensuring consistent and transparent offers that build consumer trust, and helping dealers acquire vehicles aligned with their inventory strategy.
Notable features include: a mobile capture app; more precise reconditioning estimation Tools: and Kelley Blue Book Instant Cash Offer.
“Vehicle appraisals are critical to profitability. By integrating these advanced tools that minimize inconsistencies, dealerships can increase profitability, ensure more accurate pricing, streamline inventory management, and enhance the overall customer experience,” concluded Hansen.