ADP Dealer Services Launches Mobile-Based Pre-Owned Inventory
Solution Is Built for Mobile Phones
HOFFMAN ESTATES, IL -- (Marketwire) -- 01/23/13 -- ADP Dealer
Services (NASDAQ: ADP) is pleased to announce Lot Management, a new
retail solution for automotive dealers to effectively manage their
used vehicle inventories. Lot Management is the first of many
solutions that will be wrapped into ADP's Front Office Edge(SM) suite
Lot Management is the result of an exclusive partnership with
inventory management company RedBumper. It will be delivered through
dealers' mobile devices and it's the first inventory management
solution built from the ground up around mobility. This solution
combines two distinct inventory management methodologies --
historical and market data -- then adds many other unique algorithms,
to provide specific, scientific recommendations about used vehicle
inventory pricing, stocking, and more.
"The last five years have reshaped the automotive retail space. This
new competitive landscape truly requires a different, more analytical
approach to used car inventory management. With ADP's Lot Management,
today's dealers are in a far better position to make the right
stocking and pricing decisions, purchasing vehicles that are expected
to sell quickly and at a reasonable profit. Plus we'll be embedding
this into our Front Office workflow, making it that much more
powerful," says Steve Anenen, Division President of ADP Dealer
"Lot Management is a true response to the need for real-time
integration with a dealer's DMS; the goal is to give dealers a
powerful, integrated suite of tools that will eliminate redundant,
time-consuming tasks while helping sell more vehicles more quickly.
We are excited to work with ADP Dealer Services to deliver these
tools and efficiencies through the RedBumper mobile platform, giving
dealers the information they need, when they need it," says Bruce
Thompson, CEO and Founder of RedBumper.
Look for the following key features to drive dealership sales and
-- High-speed mobile appraisal tools
-- Instant time-to-market with smartphone "stock-in" capabilities
-- Smart phone service drive equity solution
-- Real-time integration with ADP Drive, ADP CRM, and ADP Desking
-- Integrated equity tools
-- Hybrid stocking recommendations with three- to four-second decision
-- Automated retail pricing tool with listing syndication
-- Dealer group trading tools
Lot Management also features a Pricing module, an add-on solution that
automatically adjusts used vehicle inventory pricing based on
dealer-prescribed parameters, maximizing profit levels and helping
move more vehicles off the lot, faster.
Another add-on feature to Lot Management is the Equity Calculator.
With Equity Calculator, dealers can automatically scan their DMS and
CRM data, looking for existing customers with vehicles in positive
equity situations and receiving notifications when those vehicles
arrive in the Service drive. That information lets used car and
service managers approach customers with attractive trade offers,
helping dealers improve the mix of used vehicles on the lot while
helping drive customer satisfaction and loyalty to the dealership.
For more information about Lot Management, visit
Automatic Data Processing, Inc. (NASDAQ: ADP), with more
than $10 billion in revenues and approximately 600,000 clients, is
one of the world's largest providers of business outsourcing
solutions. Leveraging over 60 years of experience, ADP offers a wide
range of human resource, payroll, tax and benefits administration
solutions from a single source. ADP's easy-to-use solutions for
employers provide superior value to companies of all types and sizes.
ADP is also a leading provider of integrated computing solutions to
auto, truck, motorcycle, marine, recreational vehicle, agriculture
and heavy equipment dealers throughout the world. For more
information about ADP or to contact a local ADP sales office, reach
us at 1.800.225.5237 or visit the company's Web site at www.ADP.com.
RedBumper is a firm founded in 2010 by Bruce
Thompson (the founder of AAX) and based in McKinney, Texas (near
Dallas). The RedBumper mission is to take a new approach, offering
fresh and creative tools the industry has never seen while at the
same time leveraging proven technology on a smart phone centric
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ADP Dealer Services
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