Your data can tell you a lot about your dealership. But seeing the numbers is only part of the picture. That’s where dashboards can make a real difference. Instead of sorting through lists or digging endlessly to find the information you need, dashboards bring all your data together, so you can quickly see what’s happening and take a closer look at the activity behind the numbers.
Here are four ways dashboards can help you turn data into action.
1. Get a Clearer View of Your Inventory
If you’re managing inventory across multiple rooftops, it can be difficult to see how each store is performing. vAuto’s Inventory Dashboard gives you a group-level view while still letting you compare individual dealerships.
You can see information like total inventory, turn, and investment across the group. You can also sort by individual rooftops to see which stores have the highest or lowest age, best or worst turn, and other key metrics.
When you see something that’s worth a closer look, you can drill into the vehicles behind the numbers. Instead of just knowing that one store has an issue, you can quickly identify the inventory contributing to it.
2. Find Vehicles That Need Merchandising Attention
Dashboards can also help you identify vehicles that aren’t meeting your merchandising standards. If your goal is to have every vehicle online with a complete set of photos within five days, for example, vAuto’s Merchandising Dashboard can identify the vehicles that are lagging behind.
You can use the same approach to find vehicles that are missing a price or description, haven’t had a price change within a certain number of days, or don’t have enough market data available. Rather than creating a list, sorting it, and sending screenshots, you can get direct insight into the vehicles that need attention now.
3. Keep an eye on appraisal activity
Appraisal dashboards provide another helpful view of what’s happening across your stores. vAuto’s Appraisal Dashboard gives you a look at active, finalized, and completed appraisals, with the ability to view activity for a specific day or a broader period of time. This makes it easy for managers to spot activity that may warrant a closer look.
For example, your Appraisal Dashboard may show that three of your stores haven’t completed an appraisal by mid-afternoon on the last day of the month. That can give you an immediate reason to check in with those stores and find out what’s happening.
In other words, the value of the Appraisal Dashboard isn’t just in having the appraisal numbers. It’s getting a real-time view into your stores’ activity to help managers spot potential issues and know when it’s time to ask questions.
4. Make More Informed Transfer Decisions
Moving vehicles between rooftops is an important part of managing inventory across your dealer group. But deciding where a vehicle should go requires more than knowing which store has room for it.
vAuto’s Enterprise Transfer Dashboard allows you to narrow down vehicles that may be candidates for transfer using criteria such as age, certification status, mileage, and Carfax status. From there, you can compare potential receiving stores based on factors like current inventory, sales, supply, vehicle age, and profitability.
The Enterprise Transfer Dashboard also gives you important information to help you evaluate the potential impact of moving a vehicle to each store, including day supply and average cost to market. This can help you make informed decision about where a vehicle may have the best opportunity to sell.
Put Your Data to Work
Whether you’re comparing inventory across rooftops, identifying vehicles that need merchandising attention, monitoring appraisal activity, or evaluating potential transfers, the right dashboard can help you spot opportunities, identify issues, and inform your next move.
Your vAuto dashboards can also give you a better understanding of what’s happening across your operations and where you may need to take a closer look. Most importantly, they can make it much easier to go from simply seeing an issue to actually doing something about it.
Want to see vAuto dashboards in action and learn more about how they can help you put your data to work? Watch vAuto Performance Manager Dennis Hamilton’s full presentation to get a closer look at inventory, merchandising, appraisal, and enterprise transfer dashboards.
