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Integration Between the Reynolds Used Vehicle Management Tool and ADESA Auction Run List Helps Dealers Determine “What, When, and Where to Buy” Optimal Used Vehicles to Sell
DAYTON, Ohio – Jan. 15, 2013 – The Reynolds and Reynolds Company today announced integration between the Reynolds Used Vehicle Management application and the ADESA Auction Run List, which enables dealers to more quickly and efficiently source used vehicles available at ADESA auction sites. The integration between Used Vehicle Management and the ADESA Auction Run List is a new, complimentary feature for Reynolds’ Used Vehicle Management customers.
“Used vehicle managers are facing increased pressure to recommend which vehicles the dealership should acquire and when to acquire them,” said Jon Strawsburg, vice president of Product Planning for Reynolds. “Our Used Vehicle Management tool is designed to help managers answer the questions of ‘what to buy’ and ‘when to buy’ and identify vehicles that will sell quickly with higher margins.”
Strawsburg noted that once managers know the optimal vehicles to acquire, the challenge then becomes where to buy them. The integration between Used Vehicle Management and the ADESA Auction Run List helps answer the “where to buy” question by allowing used vehicle managers to identify in real time the ADESA auction site where they can purchase the vehicles they seek.
Reynolds’ Used Vehicle Management tool for the ERA® and POWER dealership management systems is an inventory management solution that can be tailored to each dealership to help dealers quickly and accurately evaluate used vehicles. Used Vehicle Management analyzes critical information from the dealership and from various third-party data sources, including sales history, inventory turn rates, and auction and appraisal data, to compile optimal inventory and pricing recommendations. These recommendations help dealers take the guesswork out of vehicle acquisitions and deliver results for their business.
ADESA offers a full range of auction, reconditioning, logistical and other vehicle-related services to meet the remarketing needs of both its institutional and dealer customers. With 68 auction locations in the United States, Canada and Mexico, strategically located near metropolitan areas with a large concentration of used vehicle dealers, the company is well positioned to host physical and Internet auctions. ADESA LiveBlock simulcasts vehicles worldwide. ADESA DealerBlock offers two ways to buy: bid-now sales events or buy-now pricing 24/7. Through its related subsidiaries of AutoVIN® and PAR North America, it is also able to provide additional services including inspections, inventory audits and remarketing outsourcing solutions including a network of repossession agents, titling and auction sale representation. Visit ADESA.com for details.
Reynolds and Reynolds is the automotive industry’s leading provider of automobile dealership software, services, and forms to help dealerships improve business results. The company is headquartered in Dayton, Ohio, with major operations in Houston and College Station, Texas, and Celina, Ohio. (www.reyrey.com)
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