Learn more about what vAuto can do for your dealership with this helpful FAQ.
Why do I need the vAuto system? |
The automotive industry has undergone a revolution. Used vehicle shoppers now have increased access to information and can easily shop the competition online. vAuto can put the power back in a dealership's hands. vAuto provides a comprehensive view of the live market for used vehicles. When you know how any vehicle is selling in your current market, you can manage inventory to maximize profit and turn and drive more showroom traffic by responding quickly to competition online. With vAuto, you will excel in today's competitive market and your pre-owned department will prosper. |
How does vAuto improve my showroom traffic? |
More than 80% of used car buyers search the Internet to create a short shopping list of vehicles in their area that offer the best value. Using vAuto to compare your cars against similarly equipped vehicles, you can price accordingly to beat the competition and attract more buyers. |
Why should I focus on trying to improve my
|
The pre-owned car department touches all profit centers of your dealership. It influences new car retail sales, F&I, parts and service, and wholesaling. While new vehicles account for 60% of revenue and 15% of net profit, on average, pre-owned vehicles account for 28% of revenue and 27% of net profit for dealerships. (2006 NADA data) When your new and pre-owned vehicle operations are both performing well, you can afford to be more aggressive with your appraisals, make more trades, increase your inventory turn and improve your return on invested capital. |
How does vAuto differ from other competitors? |
The vAuto system is powered by several first-in-industry features that no other provider offers. Our Performance Management team ensures that your dealership team is using the system to its fullest potential by delivering diligent, ongoing service. Our no-commitment, no-contract policy is unique to the industry as well! |
How does vAuto's pricing tool differ from other providers? |
The vAuto Pricing Tool goes far deeper than other pricing solutions to let you assess your vehicles against the true competition. And every vehicle has a unique competitive set, which vAuto lets you customize. Only when you know how identically equipped vehicles are selling in your market can you effectively compete. Learn more about the vAuto Pricing Tool. |
Why is it important to compare my units against identically equipped vehicles in my market? |
Minor differences in a vehicle's trim or even a single piece of equipment can completely change the market for a vehicle. Similarly, vehicles that are common and plentiful compete in a market that is much more local than more unusual or rare vehicles do. vAuto is the only system that lets you define your vehicle's competitive set by every factor a vehicle competes on. Define the size of your geographic market, search for vehicles that feature similar trim, engines or transmissions, and even concentrate on units featuring the same cab styles, bed lengths, performance packages or other qualities. |
How does vAuto help with the appraisal process? |
vAuto provides you with fast and accurate appraisals all in one view, incorporating several valuation books, vehicle history reports, local auction data and the proprietary vAuto Score. In real time, during the trade-in process, the vAuto tool will let you know the retail value of a vehicle — letting you know how a particular car will perform as a fast turner and gross profit generator. Our appraisal tool also provides you with insight into the customer's expectations by letting you view the same information they use to research their trade-in value online. And you can save time by appraising vehicles with or without a VIN. Learn more about the vAuto Appraisal Tool. |
How does vAuto help with acquisitions? |
Earlier generation systems base past performance as a predictor of future results, essentially believing you should only own certain cars. vAuto allows you to maximize the value of ANY car in your market. Our live view of your market for used vehicles lets you analyze how vehicles are performing in the current market, whether or not you've owned them before. |
Does vAuto work for smaller or single dealerships? |
The practical benefits of vAuto will work for any dealership. We have dramatically improved the volume, gross and age of pre-owned inventories for both large and small dealers across the country. |
How much will I have to adjust my existing business processes? |
You won't. vAuto works alongside your existing business processes, and helps make them easier and more productive. vAuto requires no additional computer hardware or software — the entire system is accessible through any Web browser or Web-enabled mobile phone. |
How much does the system cost? |
To obtain information about rates, contact a sales representative today at 877-988-7648. |
What is the minimum contract length? |
There is no contract. All we ask for is a management philosophy dedicated to improving your performance. We will earn your business through your success every month. |
So, what does the "v" in vAuto stand for? |
As we meet with our customers every day, we know that their primary pre-owned inventory concern can be summed up in one word: value. We are so committed to this result for our dealer customers that we wanted our name to embody it. Simply stated, the 'v' in vAuto stands for value — the value of a vehicle, the value of a dealer's inventory and the tremendous value of the vAuto solution. |
If you have a question that isn't answered here, please call us at 877-988-7648.
vAuto lets
selected dealers
control and shape
their used vehicle market.
See how your pricing
stacks up to competitors