Mon - Sat: 9:00 AM - 6:00 PM
Pacific Time (Los Angeles)
Call: 844-376-2274
24/7 Nationwide Service
LIVEJoin Demo Call
Interactive Training Session

Inventory & Acquisition

Wholesale Inventory Management Software

Every unit you wholesale is a decision you made weeks earlier at appraisal. Most wholesale problems are sourcing problems in disguise.

Wholesale inventory management software tracks units you buy and sell between dealers: acquisition cost, floorplan, transport, aging and disposition. LeadLocate does not sell one. We have no floorplan accounting, title work or auction integration. Where we help is upstream, sourcing retail grade cars from local owners so fewer units become wholesale units.

Two very different jobs share this name

Search for wholesale inventory management and you will find two categories of software sold with almost identical language. Knowing which one you are looking at saves a lot of wasted demo time.

The first is the wholesale desk system. Units bought at auction or from other dealers, purchase cost and fees, transportation, arbitration, floorplan lines and curtailments, aging against the flooring clock, title status and location, and the accounting behind all of it. This is operational and financial software and it usually lives inside a dealer management system or a dedicated wholesale platform.

The second is sourcing and merchandising. Where the cars come from, what you pay, how quickly they get to the line, and how well they are presented once they are there. This is a demand and marketing problem more than a bookkeeping one.

Our position, stated up front so the rest of the page is useful rather than misleading: we do not sell the first. We sell the second, and specifically the part where a store buys more of its own inventory directly instead of competing for it in the lane. If you need floorplan tracking and title management, evaluate a dedicated system and use the rest of this page for the sourcing side.

What we do not do, said early

So there is no ambiguity ten paragraphs from now.

We do not provide floorplan or flooring line tracking, curtailment schedules, vehicle or inventory accounting, general ledger or accounts payable, title and registration processing, auction platform integration or proxy bidding, transportation management, arbitration workflow, or wholesale profit and loss reporting. We are not a dealer management system, so there is no deal posting to accounting either.

We also do not run a wholesale marketplace, and we do not sell units between dealers.

What we do provide is inventory feed ingest and vehicle merchandising through Inventory Link, opt in seller leads from local owners who asked to be contacted about selling their car, and a CRM that runs the buying conversation from first contact to appraisal appointment to purchase. If that combination reduces how many units you have to source at auction, it changes your wholesale exposure at the front rather than managing it at the back. The inventory management page covers the retail side of the same question.

Most wholesale volume is a sourcing decision made earlier

Worth sitting with, because it reframes the software question. A unit gets wholesaled for one of a few reasons, and almost all of them trace back weeks.

You paid too much because the lane was competitive that Tuesday and you needed cars. You bought a vehicle that was wrong for your market because it was what was available. Reconditioning came in higher than the appraisal assumed. Or the car sat, aged past your threshold, and got dumped to stop the bleeding.

Notice that only the last of those is visible to a wholesale tracking system, and by the time it is visible the money is already gone. A better tracking system tells you faster that you lost. It does not change the decision that caused it.

The decision that caused it was made at acquisition. That is why stores serious about this problem work on where the cars come from before they work on how the losses are recorded. See used car stocking strategy for the inventory mix side of the same argument.

Sourcing from local owners instead of the lane

The alternative to buying at auction is buying from people who already own the car you want, in your own market, at a price neither of you had to bid up.

That is what the Marketplace Acquisitions program does. Local owners fill out a vehicle offer request on one of our own landing pages, asking to be contacted by a dealership about selling their vehicle. Those requests come to you exclusively inside a territory you define around your store. Nothing is scored, ranked or filtered. We ask pre screening questions at the point of capture and deliver every submitted request in the zone, and problems are handled by post delivery replacement review rather than a promise about quality that we would not be able to keep.

The cars are genuinely different from lane cars. They are locally titled, usually one owner, usually with a service history the owner can describe, and often the exact aged trade profile your market absorbs quickly. You also get the second transaction, because a meaningful share of people selling a car need another one.

Two honest cautions. We cannot guarantee volume, and appointment rates depend entirely on how fast your buying desk responds. A store that calls these requests in ten minutes gets a very different result from a store that calls them the following afternoon. See vehicle acquisition software and acquisition strategy.

Running the buying desk like a sales desk

Stores that acquire well treat buying as a pipeline with the same discipline as retail leads, and most stores do not. An offer request handled casually is a car you did not buy.

The mechanics look like this. Requests land in the CRM and route by rule to whoever runs acquisitions, with escalation if nobody touches them inside a set window. First contact goes out immediately by text, because a person who just asked about selling their car will answer a text sooner than a call. SMS and MMS carry photographs both ways, which is how you get a condition read before anybody drives anywhere. RCS with automatic SMS fallback makes the message look like it came from a business.

Voice runs through AutoMail with IVR, routing and forwarding, and calls are recorded and transcribed so a manager can read the appraisal conversation rather than relying on a summary. Appointments and reminders keep the physical appraisal from slipping. Follow up processes and drip cadences keep the sellers who said not yet, which is most of them, because a person thinking about selling in six weeks is a car you can still buy.

The customer profile holds multiple vehicle slots, so the car they are selling, the car they might buy and any trade all sit on one person rather than in three disconnected records.

Capturing the vehicle accurately, in the drive

Small operational detail with outsized effect on wholesale losses: the accuracy of what gets recorded at appraisal.

VIN scanning through document AI means a vehicle is captured from a phone camera rather than typed, which removes the transposed character that turns into a wrong book out and a wrong number. Document reading handles registration and insurance documents the same way. Photographs attach to the record in the same thread the conversation is happening in, so condition evidence is where the appraisal is, not on somebody's camera roll.

Mobile matters here because appraisal does not happen at a desk. The mobile workspace covers the same records, with the same scanning, so a used car manager standing next to the car can pull the customer up, add the vehicle, attach photos and set the next step without walking back inside.

What this does not do: we do not provide book values, market pricing data or a valuation model. Those come from your existing tools. What we hold is the vehicle, the person, the evidence and the conversation. See appraisal software for the valuation side of the workflow.

Merchandising the units you decide to keep

The second half of avoiding wholesale losses is turning retail units before they age into wholesale units, and that is a merchandising and advertising problem.

Inventory Link ingests your feed and advertises your actual vehicles, with a public inventory API, per salesperson inventory sites built from a template, and a build and publish pipeline. An inventory feed is not required to use the platform at all, which is why brokers and individual salespeople run on it, but if you have one it gets used properly rather than sitting in a vendor's system.

On top of that sits the campaign layer: SMS and email campaigns with recipient management, the Leads Manager self service campaign builder with a zone editor, lead pages for campaign traffic, and the paid ads and targeting modules. An aged unit gets its own campaign rather than a price drop, which is the cheaper first move.

Reporting across activity, company and management tells you what produced conversations. It does not tell you your wholesale profit and loss, because that lives in your accounting system and we would not pretend otherwise. See vehicle merchandising and aged inventory alerts.

Evaluating an actual wholesale system

Since you may still need one, here is what to press on. We do not sell against these vendors, so treat this as neutral advice from someone who has watched stores buy badly.

  1. Ask to see an ugly unit, not a clean one. A car with an arbitration, a title delay and a transport problem, all on one record. Clean demo data hides everything that matters.
  2. Ask how floorplan curtailments are tracked and whether the system warns you before the date or reports it after.
  3. Ask what happens when a title is late. Title delay is where wholesale money actually disappears, and most systems record it rather than surface it.
  4. Ask what the integration with your dealer management system costs, who maintains it, and what breaks when either vendor updates.
  5. Ask what you can export if you leave, in what format, before you sign. Your leverage is never higher than the moment before signature.

If a wholesale system change is part of a wider platform change, the guide to switching dealer management systems covers sequencing so you are not moving three systems at once.

How stores combine this, and what it costs

The usual pattern is that a store keeps whatever it uses for floorplan and titles, and adds the acquisition and merchandising layer alongside it. Nothing has to be replaced for that to work, because the platform does not require a dealer management system integration or an inventory feed to operate.

Most stores start one of two ways. Either they run the seller program in a defined territory for a quarter and measure how many units they bought against what those units would have cost in the lane. Or they start with CRM Only to get the buying desk organized first, then add the lead program once the response discipline is there. The second order works better for stores whose problem is follow up rather than volume.

Pricing is month to month with no long term contract. Marketplace Acquisitions, which is the seller side, starts at $999 a month. The Buyers and Sellers Hybrid Plan is from $1,599, inbound buyer leads from $799, and CRM Only from $199. Current figures are on the pricing page.

We cannot guarantee acquisition volume or what any unit will cost you, because both depend on your market and on how fast your desk moves. What we can do is show you a territory around your store and let you decide monthly. Tell us how many units you wholesale a month and we will be straight about whether this changes it.

Frequently Asked Questions

Does LeadLocate track floorplan, titles and wholesale accounting?

No. There is no floorplan or curtailment tracking, no title or registration processing, no vehicle accounting and no auction integration, and we are not a dealer management system. Those belong in a dedicated wholesale or DMS platform.

How do the seller leads work?

Local owners complete a vehicle offer request on one of our landing pages and ask to be contacted about selling. Requests inside the territory you define come to you exclusively. Nothing is scored or filtered, and problems go through post delivery replacement review.

Will this reduce how many units we wholesale?

It attacks the cause rather than the symptom, by giving you a local source of retail grade cars so you buy fewer marginal units in the lane. We cannot guarantee a result, because acquisition depends on your market and your response speed.

Do we need an inventory feed or DMS access?

No. Neither is required to operate, which is why brokers and individual salespeople run on the platform. If you do have a feed, Inventory Link ingests it and advertises your actual vehicles.

Does it provide book values or market pricing?

No. Valuation data comes from your existing tools. What we hold is the vehicle captured by VIN scan, the person selling it, the photographs and condition notes, and the whole conversation attached to one record.

Can the used car manager work this from the lot?

Yes. The mobile workspace covers the same records with VIN scanning and document capture, so a vehicle and a customer can be added standing next to the car rather than after walking back to a desk.

More Resources from LeadLocate

Buy more of your inventory before it reaches the lane

We will map a territory around your store, show you what an offer request looks like when it lands, and run the buying desk workflow with you. Month to month, no long term contract.

LeadLocate
Accepted credit cards: Visa, MasterCard, American Express and Discover
LeadLocate® All rights reserved. Other product and company names mentioned herein are the property of their respective owners.

Answers to your questions:

What is LeadLocate?

LeadLocate is an all-in-one lead generation software and CRM platform. We generate in-market sales leads and provide you with all the tools necessary to sell that customer. All of your leads, texts, calls, emails, deals, and files are available in one place, accessible with a single login.

Accepted credit cards: Visa, MasterCard, American Express and Discover
LeadLocate® All rights reserved. Other product and company names mentioned herein are the property of their respective owners.

Answers to your questions:

What is LeadLocate?

LeadLocate is an all-in-one lead generation software and CRM platform. We generate in-market sales leads and provide you with all the tools necessary to sell that customer. All of your leads, texts, calls, emails, deals, and files are available in one place, accessible with a single login.