Digitisation of the Vehicle Audit Process

Digitisation of the Vehicle Audit Process

We conclude this short series (you can read the previous articles here and here) with a detailed examination of how one particular aspect of dealer businesses, vehicle inventory management, is being transformed through digitisation and the use of artificial intelligence. Traditionally, inventory audits have been carried out manually, often by trained auto finance provider staff,…

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Boosting Growth Through Digitisation

Boosting Growth Through Digitisation

Dealers are acutely aware of the challenges that these market movements bring and are, on the whole, ready and willing to invest in digitisation to ensure their businesses have ongoing relevance. For funders, some of which will have seen significant digitisation in other sectors within their portfolios, there exists an excellent opportunity to deepen relationships…

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Growth Through Digitisation of the Auto Finance Sector

Growth Through Digitisation of the Auto Finance Sector

Consumers, newly comfortable with the notion of researching and making significant purchase decisions online, have been at the forefront of driving digitisation in dealerships, but this isn’t the only pressure being brought to bear to accelerate the rate of digital change. Forward-looking dealer businesses are also identifying the significant opportunities to enhance the efficiency of…

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Modern Dealer Audit Technology: the Evolution of Dealer Self Audits

dealer audit technology

The COVID-19 pandemic has further accelerated the adoption of technology-enabled audits by funders, with travel restrictions limiting the ability for auditors to visit dealership sites. However, for some time before then, funders increasingly recognised that traditional, paper-based manual audits are no longer enough, with many floor plan funders exploring new technologies to support the audit…

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Stock Control as a Strategic Issue: A Need for Agility

retailer stock management

The industry has discovered its Achilles heel – vehicles so heavily reliant on processing power that they are literally immobilised by the scarcity of semi-conductor chips, causing a huge impact on the new vehicle supply chain. At the same time, increasing consumer confidence and unexpected access to cash from savings during lockdowns have combined with…

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Finding Lost Revenue for Car Dealers

Car Dealership

Results of 1000 Dealer Audits Cash is King, so the saying goes. In the automotive industry, this is especially true as cash flow management is one of the key challenges for dealers with literally millions tied up in vehicle inventory. The automotive industry is a very competitive and fast-paced environment. With tight profit margins, it’s…

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