Maximizing Profit with DealerSocket's Inventory+

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Maximizing Profit with DealerSocket's Inventory+

Introduction to Inventory+

DealerSocket's Inventory+ is a comprehensive inventory management software designed to help dealerships maximize their profits per day. From the moment a vehicle is acquired to its disposition, Inventory+ leverages a data-driven approach that combines transaction history and market information to ensure that every unit on the lot has the potential to sell at a profit. The software is built around the Ideal Inventory Model™, aiming to drive profitability and efficiency in inventory management.

Competitive Advantage with Inventory+

One of the key advantages of using Inventory+ is its emphasis on a 'profit-first' mentality over speed of sales. By focusing on maximizing profits rather than engaging in price wars that erode margins, dealerships can increase front-end profits by up to 20%. The software provides real-time insights that empower dealers to make faster, data-driven decisions, enabling them to reduce aging inventory and prioritize vehicles that are most likely to bring in profits.

Key Features and Benefits

Inventory+ offers a range of features and benefits to dealerships, including the ability to price vehicles competitively by leveraging real-time industry and transaction data. The software also enhances the visibility of vehicles online, attracting more traffic and quality leads through powerful merchandising tools. Dealers can manage inventory across their entire group, ensuring consistency and control while saving on auction fees. Additionally, Inventory+ streamlines the appraisal process, allowing for quick evaluation and marketing of trade-ins.

Increasing Profit with Inventory+ Tools

In addition to its core features, Inventory+ provides a suite of data-enabled tools to further increase profit per day. These tools include Absolute Sourcing for optimizing buy/sell lists, New Car Pricing to simplify factory incentives management, and Used Car Pricing for competitively pricing pre-owned inventory. Group Management and Group Trade features allow dealerships to optimize operations and save on fees, while the Appraisals tool streamlines the evaluation process. With Inventory Management, Merchandising, and Reporting and Analytics capabilities, dealerships can make informed decisions based on real-time data.

Testimonial and Expert Consultation

Jennifer Camacho, Sr. Vice President at Cars Plus Guam, lauds Inventory+ for helping them balance their inventory mix effectively, resulting in a better inventory composition and ultimately higher profitability. Dealers interested in learning more about maximizing their profits with Inventory+ can speak with experts and explore the full range of tools and features tailored to enhance operational efficiency and drive revenue.

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