AccuTrade Introduces Innovative Appraisal and Inventory Management Solution for Car Dealers

AccuTrade Launches Advanced Inventory Management Solution

AccuTrade®, a product under Cars.com Inc., has launched a state-of-the-art technology designed to optimize profitability in the used-car market. The newly introduced AccuTrade Inventory Management System (IMS) seeks to provide car dealers with essential tools for accurate appraisals and enhanced inventory management. This innovative solution is set to transform how dealers conduct their operations.

Key Features of AccuTrade IMS

1. Precision Appraisal Engine: One of the standout features of AccuTrade IMS is its highly precise appraisal engine. Unlike traditional methods that often rely on manual inputs, the system delivers VIN-specific deductions, leveraging real-time competitive data and daily value adjustments. This ensures that dealers can make informed pricing decisions.

2. Risk-Based Inventory Management: The new IMS shifts the focus from simply age-based metrics to a more nuanced risk assessment for each vehicle in inventory. By incorporating factors such as market fit, predicted market days, and daily depreciation, dealers can avoid detrimental pricing strategies and strengthen their bottom lines. Furthermore, AI-generated seller notes significantly cut down merchandising time, transforming a usually prolonged process into a matter of seconds.

3. Profit Forecasting and Strategy Options: Another critical enhancement of the AccuTrade IMS is its capability to display profit predictions for retail versus wholesale sales at the VIN level. This function allows dealers to devise the most profitable exit strategy for each vehicle by integrating with DealerClub's dealer-to-dealer network or opting for AccuTrade's Instant Offer feature via Cars.com.

4. Single-Platform Integration: The connectivity within the Cars Commerce ecosystem is one of IMS's defining features. Dealers can facilitate the appraisal, pricing, merchandising, and retail or wholesale processes on a unified platform, streamlining workflows and maximizing operational efficiency.

5. Improved Accountability and Insights: AccuTrade IMS comes with built-in accountability measures for appraisers, offering efficiency reports along with insights on profit funnel health and decision-making quality. This transparency helps dealerships gauge their processes effectively and leverage data to make better decisions.

Other Innovative Additions

In addition to the core appraisal and valuation tools, AccuTrade has recently enriched its offerings with AI-driven vehicle descriptions, online chat support, real-time inventory updates, and DMS integrations. Furthermore, the upcoming introduction of automated SMS messaging will capture more acquisitions directly from service lanes, enhancing dealership capabilities.

To showcase its new technology and product structure, AccuTrade will have a presence at the National Automobile Dealers Association (NADA) Show scheduled from February 4-6 in Las Vegas. Attendees can visit the Cars Commerce booth (#3723W) to gain insights into the latest offerings and participate in interactive activities, including the DealerClub Live No-Reserve Auction and the DealerClub Pricing Game.

About Cars Commerce

Cars Commerce aims to revolutionize the automotive industry by providing audience-driven technology solutions. The company’s extensive product suite addresses every stage of the car buying and selling process, enhancing retail operations through innovative tools and strategic integrations.

For further information on AccuTrade and its offerings, visit www.carscommerce.inc.