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Tag: Appraisal

One of the most important functions at a dealership is the appraisal process. Customers want to trade in their vehicle for a new, or newer, one. This means that your dealership must be equipped with the knowledge of appraisals, including the process, tools, resources, and more. Our blogs under this tag offer that information to assist you with a smoother start-to-finish journey.

How to Calculate Cost-to-Market Appraisals

September 18th, 2018 by

It is important to do cost to market appraisals correctly and thoroughly. There are 2 types of markets that need to be considered when appraising and pricing vehicles as they come into inventory: the general area markets and the dealership specific markets (or internal markets). Types of Markets 1. General area markets tell the dealership […]

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Why Trade-Ins Need More Trust and Less Tension

August 9th, 2018 by

In general, people like getting new cars. Cars are a big part of our daily life. But the process is often stressful because of how long it takes. According to Deloitte’s 2018 Global Automotive Consumer Study, car buyer satisfaction dropped considerably for three parts of the dealership experience: pricing and haggling issues, paperwork, and length […]

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Congratulations Roy Schmidt Honda, MAXDigital’s June Dealership of the Month!

June 21st, 2018 by

Every month, MAXDigital recognizes and celebrates a dealership that demonstrates exceptional performance through our “Dealership-of-the-Month” program. Through the team’s hard work and effort, MAXDigital is honoring Roy Schmidt Honda with our June Dealership-of-the-Month! MAXDigital is celebrating Roy Schmidt Honda for their second consecutive month of hitting record setting sales goals while using FirstLook. The team […]

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What is a Dealership Appraisal Tool and How Can It Help You?

April 16th, 2018 by

In the modern auto sales environment, proper pricing can be the key to profitability for your dealership. Making sure your cars are appraised correctly at every stage of the sales process can give you a significant competitive edge. For quick and accurate pricing, more dealerships are turning to advanced dealership appraisal tools. What Are Dealership […]

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How MAX’s Dealership Appraisal Tool Can Protect Your Profits

January 22nd, 2018 by

In today’s highly competitive auto market, it is getting more and more difficult for dealerships to protect their profit margins. A good merchandising strategy is key, but success starts even earlier. If you want to sell to modern customers, you need to make sure you’re offering the cars they’re looking for at the prices they […]

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MAX Testimonials: How CARite Improved Their Inventory Management

July 25th, 2017 by

As the United States automotive continues to transform, record numbers of Americans are choosing to buy used cars. This is great news for used car dealerships. However, with this increase in demand comes an increase in the need for a steady supply of well-priced used vehicles. This need for cars was a major concern for […]

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Overcome the Weaknesses of Your Inventory Management Process with MAXDigital

October 7th, 2016 by

We’re at a pivotal point in the automotive retail industry. With customers changing their buying habits and research methods, it’s time for self-evaluation. More and more dealerships are looking at their internal processes to find areas for growth and restructuring. If you want to succeed, you need to identify the weaknesses in your inventory management […]

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3 Ways New Technology Can Turn Auction Cars into an Advantage

September 23rd, 2016 by

When your used car inventory needs to be re-stocked, there are only so many places you can turn for quick, cost-efficient cars. Whether your dealership’s turnover is greater than projected or you’re having a hard time closing trade-ins, you need a reliable source of pre-owned inventory to meet your goals. If you’ve ever been in […]

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How Car Dealers Can Optimize Used Vehicle Inventory Performance

September 9th, 2016 by

If you work at a car dealership in 2016, you’re in a good place. The most recent NADA Data Report says that “the past six years have been the longest period of new-vehicle sales growth since the 1920s,” and this year’s outlook shows the trend continuing. Here are some of the milestones attached to that […]

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3 Reasons Why Every Dealer Needs Precision in Pricing

August 24th, 2016 by

Today, savvy car shoppers do most of their research before they stop by your showroom. They narrow down a selection of cars they want, investigate trim levels and feature lists, and carefully consider option packages. Customers want to figure out the mental math behind a vehicle’s price tag before ever hopping in for a test […]

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