Change How You Measure Vehicle Profit Potential.
Provision ProfitTime™ is a new method of management that is helping the best dealers beat margin compression. It’s a shift in focus from the number of days you hold a vehicle to the profit potential each vehicle holds. It’s a new metric in Provision® that gives you a clear view into a vehicle’s profit potential from Day One. When you start making decisions with ProfitTime, you can get your turn and total gross back in balance, sell more volume and make more money.Request a demo
Provision ProfitTime Details
The new method
Margin compression is causing total gross to move downward in a way that even faster turns simply cannot overcome. To address this, the vAuto team rethought the role of the calendar in used vehicle sales. And what they discovered is that time on the lot is no longer a sufficient way to determine a car’s profit potential.
Watch the video to learn more.
Know every vehicle’s profit potential
Provision ProfitTime™ identifies the vehicles that offer the greatest profit potential, and allows you more time to earn it. It also identifies the vehicles with the least profit potential that need to retail quickly.
ProfitTime assigns every car a value: Platinum, Gold, Silver or Bronze. These scores help you determine how quickly you need to sell each vehicle to optimize your gross, sales volume and turn
Watch the video to learn more.
Increased context for better vehicle decisions
The ProfitTime metric can be used independently or in consideration with Provision’s existing Stocking Grade and Strategy Action. This trifecta gives you a superior ability to buy and price based on investment return, as well as the needs of your inventory and market.
Know when to hold onto a vehicle — and when to move it
ProfitTime signals profit potential when you take the car in, and it allows you to determine if this is a car to hold onto or one to move quickly off your lot. This helps you know what to pay for the car to maximize its retail profit potential.
Get more gross per vehicle
A vehicle with plenty of ProfitTime is a Platinum or Gold investment and can be priced like the valuable asset that it is, regardless of its Days in Inventory. A vehicle with little ProfitTime is only a Silver or Bronze investment and should be priced to move.
ProfitTime will help you identify the cases where holding a higher price on a vehicle will help you make front-end gross when the opportunity arises.
Additionally, it will help you know when to cut your losses on a distressed vehicle that you need to move.
See the true value of your inventory
A new “ProfitTime Report” page offers a view of your inventory broken down by the four ProfitTime categories. This organization helps you manage your whole inventory according to the truest measure of each vehicle’s profit potential.
Download the ProfitTime Cheat SheetDownload PDF >
Getting up and going to work every day is fun again.
James Mason, Steven ToyotaSee the full story
Related Provision Resources
Used Vehicles | Webinar
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