Question: I need a way to increase vehicle turnover and reduce holding costs - is there a tool that can help?

If you're looking for a tool to boost vehicle turnover and lower holding costs, Lotlinx is a good option. It's an AI-based automotive inventory management platform that helps dealerships optimize their vehicle inventory and profitability. With tools like predictive analytics, data insights and VIN-level recommendations, Lotlinx helps dealerships spot and manage inventory risk, sell vehicles faster and lower holding costs. Dealerships using Lotlinx can sell vehicles 7-10 days faster and increase profit by $350 per unit.

Another option is Solera, which provides integrated automotive software designed to help you better manage and maintain vehicles. Solera uses AI-based workflows and a large database of repair orders to automate many processes, helping dealerships, insurers, repairers and fleets better manage their vehicles. That can mean lower holding costs and better overall efficiency.

You might also want to look at Geotab, a GPS fleet tracking and management system that uses AI to optimize fleet operations. Geotab can lower costs through process automation, fuel consumption tracking and route optimization. It also offers AI-based fleet safety features and sustainability tracking, which can help lower holding costs by keeping your fleet more productive and efficient.

If you're looking for a more complete fleet management system, Motive uses AI-based automation to drive fleet performance, safety, productivity and profitability. It includes tools like driver safety monitoring, fleet operations insights, equipment health monitoring and spend management. Those tools can help lower downtime, improve maintenance and streamline operations, which can lower holding costs and increase turnover.