DealerSocket Inventory+

Solera describes DealerSocket Inventory+ as an inventory management platform meant to help dealerships acquire the right vehicles, merchandise them and price them to move. Its pages on the DealerSocket brand and on inventory management describe the tool as covering acquisition, appraisal, pricing, merchandising and turn tracking.

DealerSocket Inventory+: iDMS

The features named include VIN-based appraisals with market insights, valuation ranges and reconditioning estimates, and integrated appraisal tools intended to keep appraisals consistent across rooftops. The system tracks days to turn, aging units, profit margins and pricing performance, so a team can act on aging inventory.

For merchandising, the company describes automatic photo uploads, descriptions and VIN decoding across digital retail channels. For franchise dealers, it describes integrations with the DMS and manufacturer feeds so new vehicle inventory can be managed, with pricing adjusted for incentive changes, sales velocity and regional demand.

Solera publishes a page on inventory pricing and a blog post on how inventory management software can raise net profits, which give the company's reasoning. The product sits within its dealer operations solutions beside the Auto/Mate DMS, the IDMS and the DealerSocket CRM.

Because it pulls from a DMS and pushes to listing channels, the important questions are about data flow. A store would ask which systems the inventory tool reads, how quickly changes appear on the website and listing sites, how appraisals are shared with the desk, how pricing rules are set, and whether it can be used without the rest of the DealerSocket suite.

Each describes a similar area with different data sources. So the practical difference is in the data behind the pricing and the depth of integration with the store's other systems.

The category guide for inventory management lists a neutral checklist for use with DealerSocket and the other providers. Confirm each point directly.

Confirm who owns the data.

Inventory+ is DealerSocket's inventory platform. Solera, its owner, describes a search engine that combines filters, queues and custom reports, pricing rules based on age, turn or profit goals, and management across one store or hundreds of rooftops.

Appraisals hand off from mobile to desktop, and a score called TrueScore shows how comparable vehicles performed at the dealership, locally and nationally. Dashboards track aging, pricing accuracy, gross per unit and days to turn.

A used-car manager should test whether automatic repricing can be capped, how market data is sourced and how a group's central appraisals are approved.

DealerSocket Inventory+ functions
Product or serviceFunction
iDMSA dealer management system with accounting, account management, desking and inventory management.