The Industry's Leading Source For F&I, Sales And Technology

Special Finance®

DealerTrack Adds New Tools to InventoryPro

March 19, 2009

LAKE SUCCESS, N.Y.

DealerTrack Inc., a provider of on-demand

software and data solutions, today

announced that it has enhanced its InventoryPro inventory management solution

with expanded market reporting and analytic capabilities, as

well as the ability to update Internet pricing.

These additions to InventoryPro, coupled with the recently

acquired AAX and PriceDriver businesses, further strengthen automotive retail’s

most complete inventory solution.

Price forecasting analytics provided by Automotive Lease

Guide Inc., a DealerTrack company, and AutoCount market reporting data from

Experian Automotive will help dealers identify sales opportunities and stock

the most profitable, fastest-turning vehicles. Recent sales data is available

for a dealer’s market area. Additional sales performance data includes

transaction prices, days-to-turn and gross profit, both at a regional and

national level.

With this information, dealers can take action to

proactively price their inventory to accelerate inventory turn and/or increase

profitability, and make better wholesale/retail decisions.

Through an expanded partnership with AutoRevo, which already

supplies Internet price updates to AAX and PriceDriver, users will be able to

update a vehicle’s price on their Internet listings. As dealers decide on

appropriate price changes, they can modify their vehicle pricing on third-party

sites — such as Cars.com, Autotrader.com, eBay Motors and craigslist — with a

single mouse-click.

“With robust new analytics and website update capabilities,

DealerTrack’s InventoryPro is a more powerful tool for dealers looking to

better control their inventory,” said Tim Zierden, general manager, inventory

at DealerTrack. “By helping dealers stock the right vehicles and price them

right, the solution delivers demonstrated value — for a substantial return on

their technology investment.”

“In today’s trying times, dealers need to have up-to-date

market reporting that gives them insight into what’s selling across their

market so they can better manage their inventories,” said Scott Waldron,

president of Experian Automotive. “We are excited to partner with DealerTrack

in helping to supply dealers with this information so they can continue to make

the best inventory decisions for their businesses.”

“We are pleased to provide Internet pricing updates for all

three DealerTrack inventory management solutions — AAX, InventoryPro and

PriceDriver,” said Chad Polk, president of AutoRevo. “Updating inventory on the

Internet has become a critical element of selling online. We are excited to

partner with DealerTrack to help give dealerships the ability to move cars online

fast.”

DealerTrack’s InventoryPro provides dealers with the tools they need to

monitor and manage their inventory. In addition to the vehicle sales

performance reports, dealers can access metrics from multiple sources to

complete appraisals, search real-time auctions for sourcing and vehicle

stocking, view pricing recommendations based on their own transaction data, and

receive real-time retail market pricing data.

Your Comment

Please note that comments may be moderated. 
Leave this field empty:
Your Name:  
Your Email:  

CLOSE [X]

READ NEXT

Wells Fargo Adds $20 Million to Summit Financial Facility

Wells Fargo Preferred Capital recently added $20 million to Summit Financial Corp.'s existing Bank of America Business Capital facility of $55 million, bringing the total facility to $75 million.