Web-based technology now allows auto dealerships and consumers to be more knowledgeable about used cars and used car warranties. For example, based out of Chicago, vAuto is introducing new, breakthrough technology. This technology provides dealerships with accurate pricing information on any kind of used car on the market. It also provides supply and demand data.

This software offers a view of the used car market that is “live”. Dealerships can now have detailed information on used cars and trucks that are top sellers in their area. This is based on the vehicles make, year, model, and trim.

They can now identify used vehicles that are moving the fastest in the market. This kind of technology will keep dealerships from wondering what kind of used vehicles they should keep in stock. This gives dealerships a competitive edge.

Pre-owned vehicles account for more than 27 percent of a dealer’s profits. Independent and franchised dealers make used-car inventories their biggest investment after facilities and land. Technology will now allow them to be certain what used cars to stock.

Of course, consumers have been benefiting from web-based technology for years. The web has allowed consumers to research before they buy used cars and used car warranties. It only makes sense that dealerships now have new, advanced technology to help them stock the cars that consumers like.