With CarCollect Vehicle Stock Management (VSM), you can manage your vehicle stock from one central environment. KPIs and reports can help you gain insight into your stock and the performance of your business processes. This allows you to identify trends and make better-informed decisions about managing and selling vehicles.
What are stock KPIs?
KPIs are measurable indicators that provide insight into the performance of your stock management. Depending on the available data and reporting features, these may include:
Stock size: the number of vehicles you have in stock.
Stock turnover: how quickly vehicles are sold or removed from stock.
Time in stock: the average length of time vehicles remain in stock.
Advertisement status: the status of vehicles and their advertisements.
Sales performance: insight into the results of your vehicle sales.
The KPIs actually available depend on the reporting features in your VSM environment.
How do I view stock KPIs and reports?
Log in to CarCollect Vehicle Stock Management.
Open the section where stock data, statistics or reports are displayed.
If available, select the desired period or other filters.
Review the available KPIs and reporting data.
Compare the results with previous periods to identify changes and trends.
Use these insights to determine where you can improve your stock management.
Please note: the exact location, naming and availability of reports may vary depending on your VSM environment.
How do I use these insights to improve my stock?
By reviewing your stock data regularly, you can better identify which vehicles require additional attention.
For example:
Vehicles that have been in stock for a long time: assess whether the price, advertisement text or presentation needs to be adjusted.
Inactive advertisements: check that all required details have been entered and that the advertisement has been published correctly.
Changes in your stock: keep track of how many vehicles are added to and sold from your stock.
Recurring trends: compare different periods to identify opportunities to make your stock management more efficient.
How often should I review the reports?
How often you review the reports depends on the size of your stock and your business operations. Reviewing them regularly helps you monitor changes and make timely adjustments where necessary.
What if I can't find any KPIs or reports?
Check that you have opened the correct section in VSM and that the relevant data is available in your environment.
Can't find the reports or have questions about the available data? Contact CarCollect Support at support@carcollect.com.