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 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.

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 2.0 in Practice: Five Take-Aways from a Fast-Moving Market

If there’s one thing that dealers might conclude from the used vehicle market through much of this year, it’s that if you’re not paying close attention to vehicle values and retail prices, you’re...