Olathe, KS, November 15, 2016 – LotPop, the virtual dealership management team for franchised new car and independent used car dealerships, announced today LotScore powered by LotPop, a weekly report of a dealers’ top inventory, market and pricing indicators to help drive more used car sales at higher margins.
LotScore will challenge dealers to question how they traditionally look at inventory management.
“Dealers using inventory management systems have access to so much data the information confuses decision making. Instead, LotScore distills that data and, along with analyzing third-party party website data, presents managers with 23 essential and actionable inventory performance metrics,” said Jasen Rice, LotPop founder and CEO.
LotScore represents more than a decade of research isolating key inventory performance metrics that actually point to inventory, pricing and market trends. This is the insight a GM, GSM or used car manager needs at their fingertips to isolate opportunities or trouble before things go off track,” Rice said.
LotScore scores a dealer’s inventory in four key areas weekly and scores their progress toward goals. This service focuses on scoring:
LotScore is available as part of LotPop’s virtual inventory management service for physical and online inventory management success. It is available to dealers using LotPop’s full services, which include all-encompassing professional inventory oversight, recommendations and management of inventory aging and turn, and online listings and merchandising best practices.
LotScore is also available separately, for dealers who manage their own inventory but would benefit from having the used car inventory trends metrics provided by LotScore powered by LotPop.