How Does Car Sales Software Improve Stock Management?
Efficiently managing the stock at your car dealership will allow you to sell vehicles faster and bring more cash into the business, which is why using comprehensive car dealer software for your vehicle inventory is essential if you want to increase profits.
If you’re logging in and out of different platforms regularly, spending too much time entering vehicle information into your current system, or you’re simply making stock decisions without any supporting data, then it may be time to invest in a more suitable dealer management system.
Here are just a few ways that car sales software can help dealers improve the management of their stock:
Accurate Details
Uploading your stock into a car sales system can be a quick process that requires just a registration number to populate all of the details in the vehicle record, saving you time from manually typing key information into your computer and risking any typing errors. Ideally, car dealers should be able to assign a branch or location to each vehicle, allowing you to easily pinpoint the whereabouts of your cars when a buyer is interested.
Informed Stock Decisions
Modern car sales software enables dealers to make more informed stock-buying decisions using the data recorded in their DMS, such as by tracking how quickly certain types of vehicles are selling. Once you’re aware how long specific cars are sitting on the forecourt, you can then purchase vehicles accordingly to allow for a quicker stock turnover and higher profits.
Advertise Online
Your vehicle stock can be uploaded to third-party advertisers such as the Auto Trader Dealer Portal from within a DMS, which means you don’t have to log in and out of multiple platforms to advertise online. Car sales software can use the pricing, description and images already in your system to populate your online adverts so that you can advertise quicker and begin attracting buyers at the earliest opportunity.
Check Vehicle Profit
A comprehensive dealer management system will let you instantly see the profit in your deals, so you will always know where you stand with your finances. Viewing the number of days a vehicle has been in stock, the stand in value (SIV), reconditioning costs and more will help your dealership to price vehicles more effectively to boost your profits.
Access Reports
Car dealer software can generate insightful reports using the data gathered in your system, helping you to stay in control of your vehicle maintenance and sales. Popular reports car dealers should be able to access for their stock include MOT and vehicle tax expiry dates, selling prices, and sales activity.
The DragonDMS dealer management system comes with all of the above features, allowing car dealers to gain more control over their stock with our software. The entire car sales process can be fully managed from enquiry through to completion using the DragonDMS, saving you hours of wasted time so that you can focus more on selling cars and boosting profits.
Dragon2000 have been helping car dealers and garages across the UK drive their businesses forward since 1995. Contact our sales team today by calling 01327 222 333 or emailing sales@dragon2000.co.uk to find out how our dealer management system, car dealer websites and mobile apps can help your business increase profits and reduce costs.
