How a dealership can simplify us car appraisals and increase profits from trade-in programs
Trade-in is a popular type of transaction in the car market and an important part of dealership income. To make trade-in more profitable, it is necessary to qualitatively evaluate the cars being accept and do this as quickly as possible, without delaying the transaction process. At the same time, the car dealership nes not only to pay b2b email list attention to checking the technical condition. The vehicle with the help of a specialist and equipment. But also to receive all the data about the car that can help in its adequate evaluation.
Spe and quality of us car inspection are essential factors for dealerships
long inspection does not allow to close deals quickly. Automate Used Car and low quality of assessment often causes lost profit or even serious losses. The car inspection service of the business data platform SpectrumData helps car dealerships to ruce the time for checking us cars, ruce risks and extract maximum benefit from trade-in deals.
Our clients include several dozen dealerships. The most popular use case of the SpectrumData online platform in this business area is the verification of us cars accept under trade-in programs. Let’s look at an example of how one of our clients from the automotive business uses the data.
History of SpectrumData use in a dealership
A large regional dealership center “Boravto” approach our company with exactly this task. With a minimum set of input data (VIN or state registration number), the company had to automatically upload the necessary information about the car directly into its IT system for managing transactions.
“Boravto” ne to obtain a wide range of data on each vehicle being check: its brand, model, year of manufacture, engine capacity, and upload the data to the vehicle card. Another important factor for the dealer was the legal purity of the car – in addition to the characteristics list above. Automate Used Car it was necessary to obtain data on the encumbrances impos on the vehicle.
A reliable and simple solution was the integration of the SpectrumData API into the dealer’s internal system for checking us cars. Bas on the enter VIN number, the car card was automatically fill with the necessary information.
The result of the integration scalable business model completely satisfi our client: the time for checking and filling out the car card was ruc from several minutes to 40 seconds. Also, thanks to the implementation, the quality of the information receiv about the car reach a new level. Thus, the decision to conclude a deal became much faster, and the data – more reliable.
“By rucing the time it takes to check vehicles. Automate Used Car we were able to ruce the company’s financial costs and improve the quality of employees’ work,” said Pavel Khvastunov, Head of Business Development at Boravto.
What does a car dealership ne to check when evaluating a us car being trad in:
- History of registration actions;
- Technical data (make and model, engine power and displacement);
- The presence of encumbrances (plges, being want);
- Fines, accidents and repair costs;
- Technical inspection data;
- All record runs ever;
- The fact of use in taxis, car sharing or car rental services;
- Full history of ads and average price for ads.
Big data helps car dealerships make usa data inform decisions and save time. Automate Used Car which is so important when concluding a deal, increase trade-in profitability and ruce the risks associat with accepting us cars. If your company’s portfolio of services includes trade-in programs and you are interest in automating the inspection of accept cars and maximizing profitability, leave a request at the bottom of the page.