What the USED-CAR BOOM Means for Today’s Auto Dealers

Businesses that survived the pandemic shutdowns of 2020 — and especially, those businesses that thrived — were the ones that took advantage of the accelerated digital adoption that accompanied the shutdowns. As companies moved budget and adjusted priorities to speed up their digital initiatives, increasingly innovative solutions followed.

In 2021, as auto dealers work to find and procure better-used inventory — and make it front line-ready more quickly — that formula must yield more efficiencies in reconditioning. 

Technology solutions such as TrueRecon™ from TrueSpot, which is customizable to any dealership’s workflow, create automated check-in and check-out alerts for each step of the recon process; that data is fed into an algorithm that creates weekly reporting and trend analysis — ultimately measuring a dynamic margin for each vehicle.

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