As a car dealer, you’re not only expected to successfully sell vehicles and move them on as quickly as possible. You’re also expected to create a seamless experience for every curious client, tyre kicker and budding buyer who visits your forecourt.
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The right software can help you achieve both things, and help you maintain and manage your car dealership inventory and your daily operations. Whether you’re new to car dealerships and you’ve just taken on a franchise, or you’re looking for ways to streamline your reputable and well-established business, in this post we’ll explore the essential software tools that can give your car dealership a competitive and operational edge. Read on to find out more.
VAT Software
Keeping your finances and VAT obligations in check is an added pressure of running a car dealership. Traditionally, it’s down to you to gather all the relevant data, receipts, reports and expenses and calculate your VAT as accurately as possible. Failing to do so on time, or returning your VAT report with inaccuracies could leave you with a hefty fine and reputational damage. This is where VAT software comes in and the ability to meet your financial responsibilities via VAT online applications.
Utilising VAT and HMRC compliant software, means you’re always calculating your VAT at the right rate, applying VAT in the right circumstances, running regular reports and submitting your returns on time, every time. The digital paper trail makes it easier for you to keep in touch with your car dealership finances, helping you with quarterly projections, accuracy and making better, well-informed financial decisions. Using VAT software, means fewer mistakes and inaccuracies, helping you avoid penalties and helping you get back to what you do best – running your dealership!
Inventory Management Software
As a car dealership owner, knowing what vehicles you have available can mean the difference between a sale and a lost customer. Whilst inventory management software can help you keep track of what you have in stock and help you keep costs low. It also serves another purpose: to highlight sales opportunities and evaluate where you’re making and losing money. If you’re selling one type of car twice as quickly as another, then your inventory management software can bring this to your attention, prompting you to not only meet the demand of the most popular vehicles but also focus your selling efforts on those that aren’t doing so well.
Vehicle Auction Software
There was a time when vehicle auctions were done multiple times a week, with auction rooms filled with eager buyers. Today, the reality is a little different. Most potential buyers prefer to stay at home or bid for vehicles whilst getting on with other tasks. This is where vehicle auction software can help. The addition of this software means dealerships will be able to sell more vehicles and even bring in more stock to your dealership at a better price.
Final Thoughts…
As a car dealership, it’s important that you stay ahead of the curve and implement software that helps you sell more vehicles and keep your finances in check. Consider the options above.
