With used-vehicle values depreciating daily, dealerships closely monitor local market conditions and seek to price inventory to sell quickly. But updating prices so a car or truck doesn’t languish on the lot for 60 or 120 days has been tedious and time-consuming.
The main benefit: Prices on vehicles at the dealerships now match the prices consumers see on the dealerships’ websites. The ability to instantly change all the price tags in both showrooms and on both new- and used-car lots also saves untold hours of labor.
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