CINCINNATI, Feb. 4, 2010– Dealer Specialties
, a division of Dominion Dealer Solutions and the nation’s largest provider of comprehensive inventory management solutions, websites and marketing tools, has enhanced its pricing analytics and appraisal tool, The Analyzer
Enhancements to The Analyzer include a more robust vehicle database through the addition of new data sources, a new velocity report, and one-click access to The Analyzer through the dealer dashboard. The new and improved tool provides a more comprehensive evaluation of market vehicle sales performance.
Velocity reports give auto dealers a snapshot of relevant turn rates in the market, and suggests near-term future performance based on very recent history. The reports help dealers view their local market through the lenses of both quantity and time.
“The automotive industry is in a volatile state and having access to data rich reporting that demonstrates a market’s activity is critical,” says Glen Garvin, Dealer Specialties general manager of product and development. “A major challenge in today’s environment is pricing vehicles competitively amongst other dealerships. The new velocity report helps mitigate risk and empowers a dealer to purchase vehicles based on local market intelligence.”
Also included in the Analyzer is an appraisal tool that utilizes current Black Book and NADA pricing guides in evaluating potential incoming trade-ins. That data is stored for comparison with supply and demand in the local marketplace.
The Analyzer, which debuted in 2009, provides dealers with powerful inventory analytics, vehicle appraisal and pricing alerts with more than 4 million comparison vehicles. “With this added functionality, a more robust base of comparison vehicles and automated pricing adjustments, The Analyzer is an incredible value to our customers,” says Garvin. The Analyzer is a transparent enhancement to the recently launched, redesigned Inventory Manager 3.0.
For more information about Dealer Specialties simple, powerful solutions and how these tools and industry consultants can benefit your dealership, visit www.dealerspecialties.com.
NADA invites auto dealers to “Go to Know.” Dealer Specialties invites them to “Stop and Know.” To find the inventory management solution most profitable for their dealership, auto dealers may visit booth 427 at the NADA Convention and Expo, Feb. 13–15, in Orlando for an on-site demo and to speak with a Dealer Specialties consultant.