~ Atlanta, Jan. 17, 2025 - vAuto, a Cox Automotive, Inc. brand, has announced two new innovative enhancements to its industry-leading solutions: Centralized Inventory Management and a new appraisal experience. These tools are designed to support dealer group oversight and help dealers win more trade-ins in a supply-constrained used vehicle market.

Centralized Inventory Management is a solution that aims to streamline operations, enhance transparency, and deliver actionable insights for dealerships. It allows for greater efficiency, consistency, and visibility across all dealership locations. By leveraging Cox Automotive's data and expertise, this tool optimizes vehicle management and enables dealers to align decisions with enterprise-wide strategies while maximizing vehicle ROI across all locations.

One of the key features of Centralized Inventory Management is the Enterprise Transfer Portal. This feature allows dealers to optimize every car across all of their locations with centralized actions. It also provides real-time performance monitoring at both the individual location and group level through C-Suite Reporting and Dashboards.

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Derek Hansen, VP of Inventory Solutions Management at Cox Automotive, stated that with 80% of clients having multiple rooftops, there was an opportunity to improve enterprise dealer solutions. He added that these tools are designed to improve operational efficiency while empowering clients with actionable insights.

The new appraisal experience from vAuto aims to ensure consistency and accuracy while increasing consumer trust. It addresses the challenge of a $1,000 gap between estimated and actual reconditioning costs on 39% of vehicle identification numbers (VINs). This tool minimizes costly mistakes by providing more precise reconditioning estimation tools that integrate with OBDII to improve accuracy and reduce errors.

The mobile-friendly capture app allows dealers to capture high-resolution images of vehicles and document any damage for seamless handoffs to appraisers even while on the go. Additionally, dealers can now access Kelley Blue Book® Instant Cash Offer branded offer reports within their appraisal screen detailing the offer amount and how it was generated. This feature provides customers with clear, transparent appraisals backed by trusted Kelley Blue Book data, enhancing their trust and confidence in every transaction.

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Hansen emphasized the importance of vehicle appraisals in profitability and stated that by integrating these advanced tools, dealerships can increase profitability, ensure more accurate pricing, streamline inventory management, and enhance the overall customer experience.

These cutting-edge enhancements to Provision and ProfitTime GPS demonstrate vAuto's commitment to empowering dealerships with the resources they need to increase profitability and stay ahead of the competition. These solutions will be showcased at the upcoming National Automobile Dealers Association (NADA) Show from Jan. 23-26. vAuto experts will be on-site to demonstrate the power behind these solutions. Interested parties can also request a meeting through the Cox Automotive NADA Hub.

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