Lotpop, an inventory management company, are teaming up with software company MAX Digital in order to help dealers sell more vehicles and raise their gross profits by using MAX's inventory software and Lotpop's hiring and management services.
MAX Digital says it provides a dataset for inventory management with millions of VINs analyzed daily, and also provides rich market data and stores specific sales history to help drive what it describes as smart stocking decisions. Performance tracking can be customized by dealership. The tracking focuses on improvement areas such as time to market for vehicle descriptions with a dealer-set number of minimum images.
In addition to staffing and system guidance, Lotpop provides ongoing review of dealership inventory processes that it says builds sustained results over time.
MAX Digital says Galpin Honda is the second-highest-volume U.S. Honda store, and Galpin’s reconditioning manager Joe Uphoff said in a news release that since starting with Lotpop and MAX Digital, the company has begun producing record used car sales.
“We’ve seen a 36% increase in front end gross year-over-year, all with millions less in carry costs,” Uphoff said. “[Lotpop owner Jasen Rice] and the Lotpop team offer you easy-to-understand usable data so that you can focus on the areas that matter for your store.”
Everything Max Digital builds is focused on delivering performance for its dealerships, said MAX Digital Executive Vice President Mike Cavanaugh.
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