most powerful tool for a dealership to have!
DESCRIPTION
Why every dealers should use a tool like VelociT vAutoTRANSCRIPT
Do you need velociT?• Do you have an in-depth knowledge of your market? For example: What is
the overall market demand compared with the interest from your customer base?
• What have been the bestselling makes and models in your region in the last 45 days?
• What is your actual competition for each of the vehicles that you have in stock and this, on a day to day basis?
• Do you know what your competitors have sold, and when?• Do you know the market days supply in your region, for each of the vehicle
you have in stock?• Has your used car manager been with you for more than three years?• Do you know where to source the most profitable and bestselling vehicles
in your region?• Do you know which of your competitors has changed their advertised
prices today?• Is your average number of days in inventory too high? Is your inventory
turn rate too low?
What are the benefits of velociT for me?
• In-depth understanding of your market.• Analysis and management tool for your used car inventory• Competition analysis tool• VelociT provides daily web and cross-media analysis• VelociT provides daily analysis of prices changes online• VelociT provides model-specific analysis of demand in your market • VelociT allows you to make logical and not seat-of-the-pant buying and selling decisions• VelociT reduces your average number of days in inventory and
increases your inventory turn rate• VelociT helps all our your dealerships' departments including F&I• VelociT reduces your media spend • VelociT increases your traffic
VelociT comprises 3 modules: -Provisioning
-Appraising -Pricing
With Provisioning, you will know exactly what to buy:
You will maximize your consumer traffic by knowing exactly which vehicles there is most demand for in your region.
• Find out what sells best, with the best margins.
• Seize the right opportunities and avoid models that are likely to sit gathering dust on your lot.
• Stay one step ahead of your local competition thanks to the Live Market function.
Make informed decisions with the appraisal tool:
Establish a winning strategy by planning for the various ways you can offload a vehicle if it doesn't sell as quickly as you had hoped.
• With the Live Market function, you will have a real-time view of the demand for and price of vehicles similar to one your are interested in, or that you have in stock.
• Guarantee your profitability by knowing exactly the maximum price to pay for each of your appraisals
Understand your market and have a daily real-time view of the price fluctuations of your competitors across all media. Set the right selling price using the pricing module:
Generate demand with prices that gives you top rank.
• See how your vehicles rank compared with the competition, down to the finest detail: version and details of features
• Set your prices aggressively, without spending hours doing a local market comparison
• Generate more traffic on your website by offering attractive prices on the bestsellers in your market!
The profitability of velociTAverage number of days in inventory
Number of turns
• The average number of days in inventory has fallen from 141 days to 58 days, a reduction of 83 days!
• The inventory turn rate has increased from 7 to 13 times a year!
Standard dealership(days inventory)
Investment of $20,000 Vehicle sold in 80 days
Reconditioning (profit) $800Sale (profit) $1,500F&I Sale (profit) $800Marketing + interest ($27 per day) x80 - $2,160Salesperson commission - $300__________________________________
In your pocket: $640
VelociT dealership(days inventory)
Investment of $20,000Vehicle sold in 60 days
Reconditioning (profit) $800Sale (profit) $1,500F&I Sale (profit) $800Marketing + interest ($27 per day) x60 - $1,620Salesperson commission - $300__________________________________
In your pocket: $1,180
Reducing the average length of time in stock by
20 days equates to $144,841 more in your
pocket!!!Now imagine if you had an average of 58 days
like our customers who use velociT!!
$396.82/day58 days
Standard dealershipStandard turn
Investment of $20,000Vehicle sold 1x in 80 days
Reconditioning (profit) $800Sale (profit) $2,500F&I Sale (profit) $800Marketing + interest ($27 per day) x80 - $2,160 Salesperson commission - $300__________________________________
In your pocket: $1,580
VelociT dealershipVélociT turn
Investment of $20,000Vehicle sold 2x in 80 days
Reconditioning (profit) 2x $1, 600 Sale ($1,500 profit instead $,2500)2x $3,000F&I Sale (profit) 2x $1,600Marketing + interest (-$27 per day) x80 - $2,160 Salesperson commission x2 - $600__________________________________
In your pocket: $3,440
New vehicle
Services
Parts
F&I
Used vehicle
VelociT is about much more than just used cars
• Increase your turn• Better valuations• Reduced interest on
inventory financing• Reduced marketing activity
per unit sold
• Increase traffic to your F&I• Increase your revenue
• Better valuations• Increase in new vehicle sales• Increase your revenue
• More turn in new and used = more PDI and mechanical work
• More part sales• Less seasonal staff
rotation• Increase your revenue
$$
No more clunkers taking up space on your lot!
No more more playing hunches or making gut purchases!
VelociT specialist
Matt [email protected] British Columbia
John McDonald [email protected] East & Maritimes
Todd [email protected] West & Man Sask
Vicky [email protected]
Gaetan [email protected] Senior Sales Manager VelociT& OEM Strategy
Welcome to the velociT revolution!