Dallas, TX – RedBumper, a new breed automotive inventory management company, today announced it has solved a major pain point for auto dealer groups with the release of a complete suite of inventory analytic and management tools for auto dealer groups. Key features include powerful enterprise reporting, group trading, group appraisal optimization, group buying tools, and mobile group tools. This first comprehensive mobile inventory management solution for auto dealer groups works in real-time on a Smartphone mobile platform, providing the ultimate in flexibility for auto dealer groups; an inventory management tool in the palm of the hand.
RedBumper’s enterprise solution includes intergroup trading tools that optimize trades across the entire group. Any manager at any store can view inventory for their own store, or for the entire group, all on their Smartphone or desktop. If a buyer is out at auction buying for multiple stores, he can scan the vehicle and view every store’s stocking needs within the group. The tool immediately enables the user to see which store has the greatest need for a vehicle and where it should be placed with the best opportunity to turn the fastest and yield the most amount of money.
“There’s nothing quite like this on the market for dealer groups. RedBumper’s Smartphone enterprise solution optimizes trades across the entire group and provides flexibility and efficiency the Industry has not seen to date. If one store has a vehicle they don’t need, either in current inventory or at the point of appraisal, a simple scan identifies where the needs are within the group. Via the user’s Smartphone, the vehicle can be inter-group traded or an instant Smartphone push notification can be sent to a sister stores’ managers for bid,” said RedBumper Founder Bruce Thompson.
RedBumper’s enterprise solution Integrates all inventory within the group and connects with SmartLot, the first dynamic inventory analytic tool that blends historical performance with local market data to provide the optimal inventory stocking recommendations. The system will automatically sync the inventory mix and adjust to achieve maximum turn times and profits.
Instead of each dealership operating autonomously, RedBumper’s enterprise solution leverages the needs and buying power of the entire group. It enables each manager to view the group’s inventory as a whole and see where the greatest opportunity is to move that vehicle for the most profit in the least amount of time. Everything can be viewed in real time and accessed on one screen or Smartphone. The user can drill down from national to regions to stores, all the way down to an individual vehicle. If a vehicle is overstocked at one dealership but needed at another, RedBumper identifies where the vehicle should optimally be placed and provides all the tools needed to trade from one store to another. All accounting systems are rolled up in real time to seamlessly facilitate and conduct trades across the entire group.
“Statistics tell us if get the right vehicle to the right lot, 80-85% of the time it will turn within 21 days or less, for optimum profit,” Thompson said.
RedBumper is a new breed automotive inventory management company created by Bruce Thompson. Thompson is widely credited for pioneering modern day inventory management when he introduced new tools to the industry in 2001 with American Auto Exchange (AAX). RedBumper is a very powerful next generation system offered on a flexible Smartphone-centric platform, with tools that are both innovative and intuitive. Its objective is to streamline auto dealer workload by delivering a system that is simple to use and direct. The company aims to take a new approach, offering fresh and creative tools the industry has never seen while at the same time leveraging proven technology. RedBumper prides itself for delivering ground- breaking tools that give auto dealers a significant competitive edge by being first to market. Creating the most powerful suite of tools on a flex platform allows RedBumper the opportunity to reduce much of the cluster and redundancy prevalent in current market products. It enables auto dealers to turn inventories faster while realizing more profit, month after month.