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Inventory

DealerSocket Launches New Car Pricing and Absolute Sourcing

At this year’s NADA, DealerSocket will debut innovations available in Inventory+, its inventory management software.

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DealerSocket Adds Single Page Appraisal to Inventory+

DealerSocket announced the launch of Single Page Appraisal, a new feature available to users of the company’s Inventory+ platform.

Bloomberg: FCA Banking Unordered Vehicles, Pressuring Dealers

A Bloomberg report accuses Fiat Chrysler of creating a ‘sales bank’ of up to 40,000 new vehicles, reviving an old practice that could stoke tension among dealers and investors.

Days’ Supply Hits 71 on Weaker Sales

The latest report from the Automotive News Data Center finds U.S. franchised dealers were sitting on nearly 3.8 million new units as of Aug. 1, a 27-year high.

Report: Escalating Inventories Erode Dealer Profits

U.S. manufacturers and dealers are knocking on the door of the all-time record for days’ supply of new vehicles, an issue compounded by higher floorplan expenses, according to the latest figures from Automotive News.

How to Improve Your Recon Turn

Dealers are using time-to-market to improve reconditioning processes, reduce costs, and maximize profits on used-vehicle sales.

DRIVIN Raises $7.5 Million in Additional Funding

The company that aims to change the way dealers sell, source, acquire, and deliver used cars announced it has raised an additional $7.5 million in equity capital. Launched in mid-2015, the Chicago-based startup has now raised $17.5 million in funding.

Are You an Inventory Master?

Summer has come early and your inventory needs to stand tall. Jim Ziegler explains how to get help from your sales team, how often to re-display, and why all the photos of snowdrifts and gray skies on your website have got to go — today!

Wrestling With Inventory

Taking control of your inventory requires bravery, strategy and commitment.

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Good to Great in 3 Easy Steps

Establishing proven processes for sales, desking and inventory acquisition can boost your SF numbers in short order.