Best Inventory Management Software For Dealers - eCarsTrade Ranking

Find the best automotive inventory management systems for your dealership and boost your efficiency and sales.

You’ve got your cars, you’ve got your marketing strategy down, and your sales team is in place. Now, all you need is reliable inventory management software to keep your dealership running smoothly and efficiently.

After all, it’s much easier to stay on top of your inventory when the software helps you monitor how many cars and other items you have in stock, or notifies you when it’s time to restock.

If you’re not sure which automotive inventory management software to choose, this guide could be of help. But before we dive into specific tools, let’s take a quick look at what to keep in mind when choosing the right software for your dealership.

How to choose the best stock management software for your business?

Not all software is made equal, so it’s important to find one that fits your dealership’s specific needs. Here are the factors to consider when choosing the perfect match for you.

► Ease of use

Consider who will be using the software. Whether it’s your management, sales team, or mechanics, you’ll want something that’s simple and intuitive, so your team can pick it up quickly. The sooner everyone is up to speed, the faster you’ll start seeing results.

► Integration with other tools

Your inventory management software needs to integrate smoothly with the tools you already use, like your CRM or accounting software.

For example, if you’re using DealerSocket or Salesforce to manage customer relationships, or Autoflow for accounting, the inventory software should connect seamlessly.

► Potential for growth

As your business grows, you’ll need software that can grow with you. Look for a solution that can handle more inventory and users as you expand.

► Cost

Finally, the price needs to match your budget. Aim for software that gives you value for money. So, you shouldn’t go for the cheapest option, but balance the cost with the features and support you receive. It’s the details like this that can impact your dealership’s profitability, so make a smart choice!

Which inventory management solutions will we compare here?

You now know what to look for, but we’ll take you a step further and guide you through tried-and-true software that our clients have had success with.

Fastback

Fastback is a used vehicle management software for dealerships and traders. The platform was originally designed for the Belgian market, but it’s become popular with car traders all over Europe.

It offers multiple functions, but one related to inventory management that’s especially helpful is its centralized management interface. In one single dashboard, you can:

• Manage trade-ins
• Track purchases
• Oversee vehicle preparation
• Organize vehicle stock
• Handle vehicle sales to traders and private buyers
   

Pricing

Pricing varies depending on the software’s features you want to use. However, if you’re only looking for the used car management module, you’d be looking at the price of 1099 € per year.
 

Pros & cons

• Pros: In addition to stock organization, Fastback can give you a complete analysis of your stock, including key metrics like rotation and average age.
• Cons: If you’d like to use the features beyond Fastback UV Management, you’ll have to pay for an additional plan.
   

Ideal for

Fastback is ideal for small to mid-sized dealerships. The software is available in English, French, and Dutch, so it’s accessible to dealers in multiple regions across Europe.

Carflow

If you’re running a dealership in France and want to digitize your business, you might want to check out Carflow.

The software won’t help you organize your actual, physical fleet, but it will help you manage your online showroom. If you’ve ever explored digital dealership outreach at all, then you probably already know that virtual showrooms are a key way to attract potential buyers.

​​With Carflow, you can boost your online presence and keep track of customer leads, which makes it easier to turn interest into actual sales.
 

Pricing

Carflow offers three paid plans, ranging from 149 € per month to 500 € per month. The lowest tier lets you organize your digital showroom, while the highest tier covers advanced features like online sales with deposit payments.
 

Pros & cons

• Pros: The platform is organized well, so you can manage your online showroom and communicate with your prospects from one place.
• Cons: Carflow focuses heavily on digital management, which means it lacks tools for handling your physical inventory. So while it’s great for managing your online showroom, you’ll still need a separate system for tracking and organizing your real-life vehicle stock.
   

Ideal for

The software is ideal for French dealerships looking to make a smooth transition into the digital space.

Motork.io

MotorK is a software platform based in Italy, although it has customers all over Europe.

If you’re looking for a vehicle inventory management system for your dealership, MotorK is a solid option. Its automated stock import/export system makes it easy to manage and update your inventory across different sales platforms, keeping everything accurate and up-to-date with minimal effort.

The software also has features for creating dealership websites, customer relationship management, and more.
 

Pricing

Pricing is customized, so you’ll have to contact MotorK directly and request a quote.
 

Pros & cons

• Pros: If you don’t like shifting between multiple platforms, then MotorK is a great fit because it has a versatile range of tools—it’s way more than a piece of automotive inventory management software.
• Cons: It’s precisely the variety of tools that can make this solution a bit too complex.
   

Ideal for

MotorK is ideal for bigger dealerships looking for an all-in-one platform that also covers inventory management.

Modix

Modix is a part of Cox Automotive, a renowned automotive service organization. When it comes to inventory management, Modix can help you analyze your vehicles in terms of the average time they spend in stock, their value, and sales data from the cars you’ve already sold.

There are also some capabilities that you won’t find elsewhere, like tracking the number of images per vehicle in your online showroom and offering insights to help you optimize your listings.
 

Pricing

To find out how much the Modix software would cost, you’ll have to contact their sales team for a quote.
 

Pros & cons

• Pros: As Modix belongs to a larger, established organization, you can count on the stability of the software and reliable support.
• Cons: It’s primarily geared towards dealerships that want extensive data analytics, which might not suit smaller operations.
   

Ideal for

Modix is ideal for data-driven dealerships that want to back their decisions with robust analytics.

Hexon

Hexon is a Netherlands-based company that helps dealerships automate the advertising of their vehicle inventories. Its main product, DV, is not a stand-alone system; it works by integrating with various inventory management systems popular in the Netherlands.

This integration lets dealers enter their vehicle data once, and it automatically gets advertised across multiple platforms. It keeps everything up to date in real time without needing any extra manual work.

So, although this isn’t exactly inventory management, you can still use Hexon’s DV to simplify how you manage and advertise your vehicle listings.
 

Pricing

Hexon provides customized pricing based on the services and integrations your dealership needs. You’ll have to contact Hexon directly to get an offer.
 

Pros & cons

• Pros: Since the software was designed to connect with other popular solutions, you can likely use it with the systems you’re already relying on for inventory management.
• Cons: Hexon is more focused on the advertising aspect of inventory management, meaning that you may need additional tools for more detailed inventory analytics and management.
   

Ideal for

Most of Hexon’s integrations are related to Dutch automotive platforms, which makes it the best fit for dealerships in the Netherlands that want to streamline their advertising.

Comparison of inventory management systems

Alright, this was quite a lot of new info thrown your way. If you want a quick overview of the systems we’ve explored, take a look at the table below, where you’ll find the executive summary.

Mastering car dealer inventory software

We hope that you’ve ditched outdated, manual processes by this point. Instead, you can run your dealership more effectively with the right software solution.

So, make use of all the free consultations and demos these tools offer, take inventory systems for a test drive, and you’re bound to find one that fits your needs.

Give yourself and your team time to get familiar with the system, and you’ll soon notice improved efficiency, better stock management, and smoother sales operations.

Nastavite čitati

28 Studeni 2024

26 Studeni 2024

25 Studeni 2024

22 Studeni 2024

21 Studeni 2024

20 Studeni 2024