inventory audits

Cox Automotive surveyed over 1000 US dealerships last month and saw many dealerships express concern over inflation, dealer inventories, and rising costs. In addition, the “Dealer Sentiment Index” showed that dealers have a negative outlook regarding the challenges ahead for the quarter and beyond.  Cox Automotive Chief Economist Jonathan Smoke said, “unique market conditions are causing worry among car dealerships...

The automotive industry is undergoing significant changes and advancements as it continues to transition towards electric vehicles. Consumer trends are constantly changing, automotive technology is rapidly improving, and vehicle pricing fluctuates daily. These variables—and many others—can cause your automotive inventory management system to become out-of-date faster than ever before. What’s more, nearly 46 percent of small businesses don’t have a...

It’s a familiar scenario. You’re going about your daily business when your bank’s floor plan associate walks through the floor. Your heart starts racing as you unnecessarily crunch numbers in your head, hoping all inventory is in place and accounted for. While a dealership audit is nerve-wracking, advanced technology has made it easier than ever to streamline audits and ensure...