Elo GPS

inventory management

Featured image for “Automotive CRM: What It Is and How to Use It | Elo GPS”

Automotive CRM: What It Is and How to Use It | Elo GPS

November 23, 2022
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In the ever-competitive world of automotive sales, car dealerships are always looking for an edge. One way to stay ahead of the competition is using a customer relationship management (CRM) system. CRMs are designed to help businesses manage their interactions with current and potential customers. In this post, we’ll introduce the concept of an automotive CRM and discuss some benefits...
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Featured image for “Top Benefits of Lot Management Software for the Next Quarter”

Top Benefits of Lot Management Software for the Next Quarter

October 4, 2022
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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...
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Featured image for “Looking Forward—Lot Management for the Modern Dealership”

Looking Forward—Lot Management for the Modern Dealership

September 20, 2022
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The US auto industry suffered severe losses during the recent pandemic. Only now are dealerships slowly returning to production and car sales. However, as businesses start to rebuild, many dealerships now face ripple effects from COVID-19 restrictions. The pandemic revealed how unprepared dealers were for business stalling for long periods. As a result, dealership lot management has become increasingly complex....
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Featured image for “How a Car Battery Management System Can Save Your Dealership Thousands”

How a Car Battery Management System Can Save Your Dealership Thousands

July 26, 2022
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One of the most significant—yet often ignored—sources of lost income at a car dealership can be battery replacements. A vehicle’s battery charge starts to reduce when it sits on a lot without being started or driven for days or weeks at a time. Once the battery can no longer provide sufficient electricity to start the vehicle, it must either be...
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Featured image for “Is Your Automotive Management System Up to Date?”

Is Your Automotive Management System Up to Date?

July 19, 2022
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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...
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Featured image for “The Overlooked Value of Connected Car Data”

The Overlooked Value of Connected Car Data

November 4, 2021
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The conversation surrounding connected vehicles in the automotive industry sparked a frenzy in the last ten years, with manufacturers competing for the next greatest technology. In the last year alone, 91 percent of vehicles sold in the U.S. were connected cars, each collecting granular car data with the potential to positively impact both drivers and dealerships at scale. With connected...
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Featured image for “A Car Service Maintenance App is Key to Protecting Your Lot During Extreme Summer Heat”

A Car Service Maintenance App is Key to Protecting Your Lot During Extreme Summer Heat

July 13, 2021
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The Pacific Northwest and Western Canada experienced record-breaking heat waves in June, and they’re only going to continue as August approaches. Oregon reached an all-time high of 116 degrees Fahrenheit. Seattle also reported an all-time high of 108 degrees. This record breaking heat is especially problematic for car dealerships who invest in lots with over 1200 vehicles, all of which...
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Featured image for “How to Save Your Lot’s Batteries with a Smart Alert System”

How to Save Your Lot’s Batteries with a Smart Alert System

May 10, 2021
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When a car remains stationary for days or weeks on end, the battery’s charge starts to diminish. When the battery is unable to provide the electrical power to start the vehicle, it either requires a jumpstart to recharge or is outright drained. When you’re the manager of a dealership lot (or multiple), maintaining the health of hundreds of batteries can...
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Featured image for “How Inventory Tracking Software Streamlines Dealership Audits”

How Inventory Tracking Software Streamlines Dealership Audits

April 30, 2021
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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...
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Featured image for “What is Geofencing Technology? How Businesses and Consumers Can Leverage Virtual Perimeters”

What is Geofencing Technology? How Businesses and Consumers Can Leverage Virtual Perimeters

April 5, 2021
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Have you ever been shopping in a mall only to later receive an ad on Facebook for the exact store you entered? How about when you attend a public event and get a notification prompting you to download their featured app? If you answered yes to either of these – or simply have a smartphone – you likely have already...
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