Provision

Provision, developed by vAuto, is a used car software that the vendor claims can provide industry-leading information to help franchise dealerships expedite sales and potentially increase profits. It offers various tools for stock management, appraising, pricing, merchandising, deal finding, wholesale inventory management, and enterprise-level performance management. This solution is designed to cater to both single-location dealerships and larger dealership groups.

Key Features

Provisioning: According to the vendor, Provisioning tool can assist in identifying the best vehicles for the live market and provide personalized stocking recommendations based on the retail strategy. It utilizes comprehensive live market data to analyze consumer behavior and determine the most suitable additions to the used vehicle inventory.

Appraising: The vendor claims that Provision uses live market data to find exact pricing information for used vehicles, which can help dealers make profitable bids. It compares vehicles by exact equipment using AutoMatch™ Technology for accurate appraisals. Additionally, it provides real-time prices of identically equipped used vehicles in the market to determine the vehicle's worth.

Pricing: Provision is said to enable competitive pricing of every used vehicle on the lot without sacrificing profits. According to the vendor, it utilizes real-time market data to determine optimal pricing for each vehicle, taking into consideration expenses, competitive pricing data, and profit objectives.

Merchandising: Provision allows dealers to create compelling and accurate used vehicle listings that drive more web traffic. The vendor claims that it provides real-time data on listing performance, including views and clicks, to optimize listings. It also integrates with VinSolutions CRM technology to identify buyers who are specifically looking for certain used vehicles, and offers customizable templates and keyword suggestions for creating appealing listing descriptions.

Deal Finder: The vendor claims that Provision helps dealers quickly find the right inventory for credit-challenged buyers. It provides instant access to back-of-book inventory in every auction lane and filters inventory based on vehicle equipment, condition, history reports, and live retail demand. Additionally, it captures and stores lender criteria to verify each used vehicle's profit potential against multiple criteria.

Wholesale Hub: Provision streamlines the wholesaling process by making it easier to find, send, and track wholesale inventory. According to the vendor, it provides a centralized view of wholesale holding inventory and vehicles at auction, allowing dealers to send vehicles to auction in bulk and track their status. The solution also factors in transportation costs to determine profitable inventory transfers.