Dealer Analytic (Product Enhancement)
Product Update
This update focuses on the Dealer Analytics Tool, specifically the Weekly Insights feature, which provides data-driven insights updated weekly to help dealerships optimize their vehicle sourcing strategies. Key points include:
Feature Location: All new features, including Weekly Insights, can be accessed via the "Add More Products" section.
Weekly Insights Overview:
Performance Insights: Highlights vehicles that performed well over the last 90 days (e.g., sold quickly) and those that performed poorly (e.g., took too long to sell).
Recommendations: Offers data-driven suggestions for sourcing and stocking strategies, including cautionary flags for underperforming vehicles.
Example:
2019 Nissan NV200s (quick sell: 13 days) and 2023 Kia Sportages (28 days) are high performers.
2019 Volkswagen Jettas and Honda CR-Vs are flagged as slow-moving vehicles.
Market Analysis Tool:
Explore any U.S. market by entering a zip code and radius.
Provides market-level insights such as:
Dealer count, vehicle inventory, average list prices, and market movement speed (e.g., 117 days average time on the market).
Dealer-specific performance metrics, including inventory size and top-performing dealers.
Sold Inventory Analysis:
Offers dealership-specific insights (e.g., CarMax in Salt Lake) on inventory trends and vehicle performance, helping users refine their buying and pricing strategies.
AI Integration:
Incorporates AI to guide buyers with actionable insights into vehicle performance across their dealership and the broader market.
This tool helps dealerships make informed decisions to enhance inventory management and sourcing strategies.
LEARN MORE. 👈
Summary of Carketa Dealer Analytics Tool Update
This update focuses on the Dealer Analytics Tool, specifically the Weekly Insights feature, which provides data-driven insights updated weekly to help dealerships optimize their vehicle sourcing strategies. Key points include:
Feature Location: All new features, including Weekly Insights, can be accessed via the "Add More Products" section.
Weekly Insights Overview:
Performance Insights: Highlights vehicles that performed well over the last 90 days (e.g., sold quickly) and those that performed poorly (e.g., took too long to sell).
Recommendations: Offers data-driven suggestions for sourcing and stocking strategies, including cautionary flags for underperforming vehicles.
Example:
2019 Nissan NV200s (quick sell: 13 days) and 2023 Kia Sportages (28 days) are high performers.
2019 Volkswagen Jettas and Honda CR-Vs are flagged as slow-moving vehicles.
Market Analysis Tool:
Explore any U.S. market by entering a zip code and radius.
Provides market-level insights such as:
Dealer count, vehicle inventory, average list prices, and market movement speed (e.g., 117 days average time on the market).
Dealer-specific performance metrics, including inventory size and top-performing dealers.
Sold Inventory Analysis:
Offers dealership-specific insights (e.g., CarMax in Salt Lake) on inventory trends and vehicle performance, helping users refine their buying and pricing strategies.
AI Integration:
Incorporates AI to guide buyers with actionable insights into vehicle performance across their dealership and the broader market.
This tool helps dealerships make informed decisions to enhance inventory management and sourcing strategies.
LEARN MORE. 👈
Actualizado el: 13/02/2025
¡Gracias!