OLATHE, Kan. — Lotpop, an inventory consulting company, announced today a “marriage” with Competitive Inventory Acquisitions, a nationwide used-car sourcing service. The arrangement was designed to help stock Lotpop dealers with the replacement inventory they need.
The CIA Platform uses a customized version of StockWave and combines it with a proprietary platform that analyzes cross-sell market data down to the trim level. The company’s proprietary algorithm is used in combination with Lotpop LotStock inventory data, extracted from vAuto, MAX Digital or another inventory-management software tool, to identify the most profitable and fastest turning inventory in the dealer’s market, all according to the announcement.
“LotStock powered by Lotpop drives the volume velocity and CIA Platform matches that specific inventory within minutes, and handles transportation and recon if desired by our customer,” said Jasen Rice, Lotpop’s founder and CEO.