We had a very successful show at AM Live on 11th November! It was great to meet so many great people from the industry and we want to thank everyone who came to join us. We had a full house at the Operational Excellence Theatre where our panel spoke about opportunities and challenges in the Used Car market. Huge thank you to our panellists - Michael Bell, CEO of Available Car, Paul Keatley, Client Development Director at Auto Trader, Neil Murphy, COO at RWA Automotive and our facilitator, Paul Counter, UK&I Commercial Lead at RWA Automotive.
Michael, as the chief executive of one of the UK’s largest used cars retailers, gave his thoughts on the current market conditions and what challenges there will be going into the next year. He also shared with the audience how he and his team went on a journey to becoming data-driven so they can adapt and react very quickly to such a dynamic marketplace. Neil and Paul Keatley, demonstrated how much opportunities were out there on the table but were not captured by retailers. Neil also gave the useful insights that will help used car retailers navigate the choppy waters in the year ahead. If you missed out on the live seminar, you could still watch the replay here.
This session focused on used car opportunities and challenges after a period of unprecedented high vehicle values and stock supply issues. If you are nervous about adapting to the current used car market conditions, this video will provide you with insights into:
- How the market is moving and how that impacts your profits
- Strategy for driving stockturn for less desirable vehicles
- Strategy for maximising profits on more desirable vehicles
- Buying in the right stock to drive profits.
If you have any questions or would like to learn more about the PriceSmart tool that helps Michael's team and several of our customers execute their used car pricing strategy and drive their business performance, please contact us here or email auto@realworldanalytics.com, we would love to talk to you. We’re currently running a free trial offer of PriceSmart in celebration of our win of the IT Innovation of the Year award at the Motor Trader Awards. Contact us now before the offer ends at 23rd December 2022!
About RWA Automotive
RWA Automotive provides a cloud-based Business Intelligence (BI) solution that helps you become a complete data-driven dealer group. By bringing all your data into one place and delivering actionable insights to different levels in the business, everyone has the right information at the right time to do their job efficiently. The management will be presented with executive dashboards where they can drill down to the details for further investigation. Your managers in the outlets get reports such as DOCs delivered to them automatically so that they can action issues on the spot. The solution is designed to help you stay on top of your business with all the information you need at your fingertips.
To find out more, visit our Automotive BI Solution page or email us at auto@realworldanalytics.com
realworldanalytics.com/automotive