| With the current economic conditions, consumers are | | | | reflects the car's mileage and condition. This is made |
| looking for places where they can adjust their budgets, | | | | possible due to vAuto's latest product, RealDeal. |
| and cars are very high on this list. The decline in new | | | | Launched in February, 2010, RealDeal, 'The Pre-Owned |
| car sales has resulted in an increase of pre-owned | | | | Price Check' provides the technology to quote prices |
| vehicle sales. When it comes to used cars, good | | | | and provide detailed documentation on attributes of |
| inventory control is of primary importance for dealers. | | | | competing vehicles that have been identically equipped. |
| Dale Pollak, a former Cadilliac-GMC dealer founded | | | | Dealers can thus minimize negotiation time, close more |
| vAuto.Inc in 2005. It is a company that specializes in | | | | deals and offer improved customer satisfaction by |
| used-vehicle inventory management. His vision was to | | | | using this product. In the showroom, on the phone or |
| develop a system for sharing data between sales | | | | over the Internet, they can always offer a fair price |
| staff and customers. Dealers need help in pricing the | | | | and stay behind their offer. Used car sales need |
| used vehicles and the software offered by vAuto can | | | | extensive documentation and offering prices that |
| highlight pricing problems and help in fixing them. One of | | | | make customers confident that they have a |
| the company's clients, Paragon Honda and Paragon | | | | competitive deal help them reach a decision. |
| Acura started using vAuto in 2009 and became top | | | | Using the RealDeal suite, dealers can select criteria for |
| sellers of certified used Hondas and Acuras. | | | | checking price based on geographical distance, make, |
| The increased access to information online that used | | | | color, model, mileage or specific equipment. Printed |
| car shoppers benefit from today, makes it necessary | | | | reports or guided web tutorials can be offered to |
| for dealerships to compete in offering a live market for | | | | customers. Ongoing training, coaching and support is |
| used vehicles. Most used car buyers first search the | | | | offered by vAuto to help its users work with this tool |
| Internet and create shopping lists of cars that have the | | | | at its fullest potential. vAuto's database includes details |
| best value. Quick response to online competition helps | | | | on millions of used vehicles and it is updated on a daily |
| dealers maximize profits and drive increased traffic to | | | | basis.vAuto, the provider of used car inventory |
| showrooms.vAuto launched a system that helped | | | | management systems was ranked 22nd among the |
| offering financial insight into key inventory management | | | | fastest growing software companies in 2009. This |
| which is helpful for dealers. The rapidly changing | | | | meant recognition of the fast growing company which |
| market for used vehicles makes it necessary to find | | | | proposed a new approach to managing used cars |
| solutions for better way to price and appraise | | | | operations. Becoming part of the Inc. 500 list meant |
| pre-owned vehicles. | | | | joining the ranks of companies that are dedicated to |
| Dealers can compare prices of used cars to similar | | | | finding innovative solutions and creating smart systems |
| vehicles for sale and thus offer customers a | | | | and products that are meant to become the hottest |
| comparison which can justify a higher price that | | | | trends. |