Current inventory shortages have added new complexities to dealership sales. Keep tabs on the latest inventory levels across 18,000 franchise dealerships with a new interactive dashboard from Foureyes.

Looking at the 20+ automotive brands included in the dataset, you can see the ones that have seen the biggest changes over the past year.

By selecting a peak inventory threshold, you can also see which models have seen the steepest decline in inventory size since April 2020.

Any surprises? Visit the dashboard to explore the data in more detail or join us for a free webinar on 5/25 for an in-depth discussion on solving sales challenges with low inventory.

Foureyes released its annual Automotive Benchmarks Report. The insights provide an interesting look at buying behavior, inventory availability, and lead management in 2020, including:

• - The average dealer adds 40 new vehicles and 60 used vehicles to their inventory each month.
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• - 2020 inventory levels peaked in April, with a median new inventory of 142 and a used inventory of 107 per dealer.
• - Only 19% of dealerships list price or conditional price for all online inventory.
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• - 3.2% of website visitors convert into leads.

• - The average dealer generates 278 leads each month; however, less than half are actually qualified sales leads.

• - More qualified sales leads come from forms than phone calls.

• - 8.7% of calls from qualified sales leads are missed.

• - 10.6% of website leads (calls + forms + chats) are never logged in the CRM.

You can learn more about the data, dig into 50+ more benchmarks, and download the complete report here.

Foureyes recently shared an interactive dashboard showing the effects of COVID-19 on new car sales in the U.S. To dive deeper into the state-by-state impact, we’re sharing new data demonstrating the effects of shelter-in-place orders on new and used car sales: https://lps.foureyes.io/auto-sales-shelter-covid-19

Select your state and OEM to understand how your market has been impacted. Toggle between state and over time tabs, and choose ‘new’ or ‘used’ as the condition to drill down even deeper.

Feel free to reach out with any questions. Data will be refreshed weekly.

We use publicly available data to power Foureyes products, including new car sales data. With the rapid changes from COVID-19, we're sharing it out in an interactive format for those of you trying to make informed decisions and understand sales trends at a market level.

Toggle between state, OEM, and date tabs to explore the interactive map. Feel free to reach out with questions. Data is refreshed weekly: https://lps.foureyes.io/auto-sales-during-covid-19

PORTLAND, Ore. (PRWEB) 

Foureyes, the sales intelligence software company, announced the launch of the Foureyes Relief Package. The Foureyes Relief Package was developed to give auto dealerships the sales support they need today. The Relief Package is free for 60 days for car dealers who sign up by May 31, 2020.

Known for its patented technology that collects user-level data to improve the sales experience, Foureyes worked closely with automotive partners and dealerships to develop the Foureyes Relief Package in response to the coronavirus outbreak. “We’ve known that car shoppers have moved online, but this situation pushed dealers past the tipping point towards an urgency to understand what customers were doing on their websites,” says David Steinberg, inventor and CEO of Foureyes. “The Foureyes Relief Package was developed to support auto dealerships by providing that visibility and is designed to improve efficiency and deliver wins to sales teams.”

The goal of the Foureyes Relief Package is to enable dealerships to get visibility into which customers are still interested and actively shopping online, and use this information to dynamically share updates about each lead’s preferred inventory. Setup is simple, requiring just a single line of script on a dealership’s website. Auto dealerships who sign up for the Foureyes Relief Package by May 31, 2020 can use it for 60 days to navigate the challenges ahead.

With the Foureyes Relief Package, car dealers can:

- Make every conversation count. User-level tracking records everything customers do on a dealership’s website, so dealers can clearly see who is interested and have more informed sales conversations with leads.

- Keep leads up-to-date. Personalized email automation makes sure interested shoppers are kept in the know regarding incentives, price drops, and changes to inventory.

- Do more with less. Keep the dealership’s virtual showroom running in high gear, regardless of changes to business operations.

Steinberg goes on to say, “We will all get through this. There’s not a business in America that is not going to have some battle wounds, but we are committed to working together and coming out of this stronger, with better processes and more efficiency.”

Auto dealerships can get the Foureyes Relief Package free for 60 days by enrolling online before May 31, 2020. To learn more about Foureyes sales support software, businesses can schedule a demo or contact Foureyes at (971) 352-3494.

About Foureyes
Foureyes sales intelligence software helps businesses track, protect, engage, and sell better. For more information, visit https://www.foureyes.io.