Used car dealers are being blitzed with new IT hardware and software to an extent that used car dealers’ efficiencies could be impacted when adopting new technology, according to V12 Vehicle Finance.
As part of its road map to develop and launch its used stock funding, dealer stocking and consumer finance proposition, the V12 team researched the sector to locate best‐in-class technology.
It discovered numerous new pieces of technology from entrepreneurial start‐ups and large established brands, developing everything from apps to full Dealer Management Systems.
Most technologies were being developed in isolation, with dealers experiencing multi‐logins and systems that can ultimately cause extra effort during the daily administration of their businesses.
