ProfitTime GPS in Practice: Elevating Appraiser Accuracy, Consistency and Performance

It’s been an eye-opening experience as I’ve taken part in early training sessions for dealers who are adopting the new ProfitTime GPS (Global Profitability Solution). The training sessions...

Cox Automotive Launches vAuto ProfitTime GPS with the Industry’s First Multichannel Inventory Sourcing System

February 10, 2022: Cox Automotive Launches vAuto ProfitTime GPS with the Industry’s First Multichannel Inventory Sourcing System appeared first on vAuto.

Why Margin Compression May Return in Used Vehicles

While I try to avoid making predictions about the future, recent conversations with industry analysts suggest that market conditions that drove record-setting profitability for dealers in used...

ProfitTime in Practice: A Deeper Dive Into Bronze Vehicle Pricing

When dealers are making record profits and selling all the used vehicles they can acquire fairly quickly, it can be difficult to convince them that their current decision-making could be better or...

7 Key Takeaways from Fall Expo 2021 Dealer User Summit | Prep for 2022

A Misunderstood Aspect of Investment Value-based Pricing–“the Overlap”

When dealers use ProfitTime’s investment value-based method of pricing vehicles, they will often see vehicles where the ProfitTime price recommendation range doesn’t seem to make sense. For...

ProfitTime in Practice: How Days in Inventory, Days to Sell Work Together

One of the biggest benefits the ProfitTime system provides dealers is the ability to manage and price vehicles based on their unique investment values. It’s a more sound and sophisticated approach...