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 LeaseGuide 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.
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