Many dealerships and dealer groups still rely on manual paper-based systems to manage their trade appraisal and intake process. Vehicles being described incorrectly, including inaccurate definition of damage or missing parts such as keys, can be one of the biggest costs to a dealership, producing incorrect valuations and subsequent losses.
The use of technology can help improve the efficiency of the appraisal process, and ensure it is managed in a transparent, accurate, and consistent way.
There are many different apps and systems that are available. Here’s the main aspects to consider when evaluating a system to manage your appraisals.