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Using the Full Power of Global Search
Dive deep into the functionality of Global Search, the no-cost enhancement to ProfitTime GPS. Learn how you can use it to consistently source the right vehicles at the right prices across all your favorite channels.
Hello and welcome to another video in our series winning with ProfitTime. Today we'll explore the innovative features and potential integrations of Google Search, a no cost enhancement to ProfitTime GPS. Global Search is a one of a kind solution to the biggest challenge most dealers struggle with today, consistently sourcing the right inventory at the right prices, as the traditional channels of auctions and trade ins become less effective. As you'll see, Global Search gives you a way to access nearly 1 million vehicles across a multitude of channels nationwide, and lets you easily target only those vehicles that align with your dealership's strategic objectives. But first, if you haven't already, please watch the video in our philosophy track called Strategic Multi-Channel Sourcing with Global Search. There we dive into the factors behind the sourcing challenge, and we discuss how you can establish the stocking and purchasing strategies that Global Search uses to make recommendations. Now that you've watched that video and understand how stocking and purchasing strategies are established, we can examine the full power of Global Search. Here, we've got a live dealership's global search page. One view with nearly 1 million vehicles available, easily ranked and sorted just the way you like it. The first thing to notice is the robust global search filter on the left, with all of your sourcing channels in the primary position. First you'll see group inventory. This is the inventory at sister stores owned by a single group. Then you'll see Kelley Blue Book Instant Cash Offer. This is present if you participate in that program. Then, missed appraisals. These are cars you didn't get from the past 60 days and that vAuto hasn't yet seen listed online. Then private party listings from your Vehicle Acquisition Network page. Then upcoming service appointments, visible here, if you have Xtime or VinSolutions CRM integrations. Lease returns, also visible here if you have VinSolutions CRM integration. And lastly, auctions. With over 300,000 vehicles from over 300 auction platforms. Search all channels together or you can filter them separately. Then, while accessing vehicles across any combination of channels, you can apply your strategy. And this is where Global Search really shines. With a single click, Global Search eliminates the noise, and it filters for only the vehicles that meet your strategy parameters. That is, it eliminates vehicles that can't be purchased at a good enough price to score them above the threshold you established in your purchasing strategy. Bottom line, only see vehicles that you can make a profit on. No more wasting time on vehicles you can't. And for every vehicle listed, you can see the estimated cost, calculated differently depending on the source, and your recommended max bid. That is the maximum price ProfitTime recommends you pay to keep the car within your strategy. So no matter who's appraising the car or what channel they're buying from, your team knows right where to start and where to land to acquire any vehicle right. And that's just the beginning of your targeting power. Let's look at another dealer and demonstrate just how specific global search can get. Moving down the sidebar, you can zero in with specifications related to your strategy, or related to advanced ProfitTime metrics, or related to the vehicle specs. So let's say you're a Toyota dealer and you really need to get your hands on some Tacomas in a certain price point and regardless of source. Let's start refining your search by segment, selecting small pickups, and select an average market price range from $25,000 to $30,000. Now we want to make sure that we're only targeting vehicles that are good movers in our market. So let's select a maximum market day supply of 60. At this point, with just a few clicks, we've narrowed our search from hundreds of thousands of available vehicles to 71 fast moving small pickups in our price range that we know we can profit from. If you're open to any make, you can stop filtering here and start assessing vehicles. But in this scenario we want Toyotas. So you can narrow your search even further to the 18 Tacomas. And whatever combination of filters you've applied can be managed at the top of your search results. Best of all, they can be captured as a saved search for recurring use. You can also manage all of your saved searches under this tab right here at the top. Looking into each vehicle, all search result cards show you basic information like vin, mileage, and market day supply, and then depending on the source, each card will also contain specific info relevant to that channel. Auction vehicles, for instance, show the owner, the auction house, and start times, and one click will take you into the auction's vehicle detail page. Private party vehicles show you the age of the listing. KBB ICO cars show you their offer status. Missed trades will show you the appraiser and the last modified date. Service lane vehicles show you the date and time of the appointment and link to that customer information. Group inventory vehicles show you the store where the vehicle is located and its days in inventory. Lease returns show you the original purchase date, the lease terms, and the estimated end date. The power of Global Search only increases for dealers who subscribe to various other products. We've already shown how customers of KBB Instant Cash Offer, Xtime, and VinSolutions CRM can diversify their sourcing channels. And here for Stockwave subscribers, we can see how Global Search gives you the light bulb access to obtain even deeper insights on any auction car. You can see notes, book values, the glance, condition reports, CARFAX, and an amazing simulcast bidding interface to manage live auctions, all at your fingertips with Stockwave and Global Search. Best of all, at the end of the day, all of this functionality comes at no additional cost to ProfitTime GPS. To review, that's instant access to nearly 1 million available vehicles, targeting the right vehicles at the right prices across all of your channels in less time. And giving every appraiser and buyer the data and guidance they need to meet dealership objectives. Well folks, thanks for watching this video. We hope it helps you use Global Search to keep your dealership full of profitable inventory. If you have any questions, please reach out to your vAuto Performance Manager. And as always, happy hunting y'all!
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