VAuto recently announced they have purchased iReconCars, a used vehicle reconditioning management platform that let's dealers automate their reconditioning of vehicle to help reduce costs, lower delays, manage their partners, and increase overall consumer trust.
iRecon is a service that both Provision and non-Provision consumers can user as well as third party partner platforms. Founder Mike Boyd will keep on with Cox Auto as their Senior Director of Business Enablement for iRecon and Co-Founder Micah Tindor will continue on as the Business Operations Director for iRecon.
"Due to margin compression and market competition, it's critical to have a reconditioning system partner to control, manage and maximize the reconditioning process in order for dealers to stay relevant and profitable. With iRecon, we automate the reconditioning process by putting the right vendor on the right job at the right time and providing dealers with a 'real-time' connection to the consumer based on trust," said Boyd.
"Reconditioning often slows the time it takes dealers to get used vehicles front-line ready, which can hurt a vehicle's front-end profit potential," said Randy Kobat, Senior Vice President of Inventory Software Solutions at Cox Automotive. "iRecon helps dealers efficiently manage the reconditioning workflow by providing real-time reconditioning reports and statistics that track every touch point until reconditioning is complete. That's why we believe in this technology and thank Mike and Micah for their thought leadership to develop a solution that solves a critical need for our clients."
iRecon is the only platform of its kind that takes in account the vendor, dealer, and consumer throughout reconditioning.
"iRecon has had a far-reaching positive impact on a variety of roles within our store," said John Malishenko, Chief Operating Officer for the Germain Auto Group. "Our used car and service managers can communicate more effectively and adapt the recon process to changing conditions, like volume and capacity, which improves lifecycle times. Sales Managers and their teams benefit from improved visibility regarding a vehicle's availability and pedigree, which further assists with appointment setting building greater value. Overall, we've experienced a 25 percent improvement in lifecycle since beginning with iRecon, and we sell 70 percent of our used vehicles at list."
"Before iRecon I wasted so much time walking the lot and asking for the same jobs every week," said Sam Britain, Owner of Automotive Impressions, a company that provides reconditioning services for dealers. "Now, I absolutely depend on iRecon to add efficiency when working with my dealers."
In a study taken in 2017 Cox Auto found that dealers typically had reconditioning as one of their top three jobs when taking on car inventory and revealed that the overall process takes a large amount of resources.
"With iRecon, dealers can say goodbye to process inefficiencies and can work faster and smarter to increase margins," added Kobat.
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