A tool to optimize dealer inventory

Accelerating vehicle acquisition and profit margins, CARFAX Canada launches a data-driven tool to streamline used-inventory sourcing.

CARFAX Canada has launched a new vehicle Sourcing Tool designed to help automotive dealerships source high-profit, fast-turning used inventory across multiple acquisition channels. Developed to counter ongoing tight used-vehicle inventory levels, the software leverages CARFAX Canada’s market insights to quickly evaluate potential acquisitions, including wholesale auction units, customer trade-ins, and service-lane buybacks.

For pre-owned sales managers, dealership principals, and inventory acquisition specialists, the solution automates vehicle evaluation, drastically reducing manual appraisal time while pinpointing profitable inventory opportunities.

According to Shawn Vording, President of CARFAX Canada, the tool simplifies complex market analysis for dealership management, making it easier to evaluate vehicle margins and acquisition viability across non-traditional sourcing channels.