At 10 a.m. CDT today, vAuto will be publicly announcing the acquisition of Auction Genius—a company that has developed a “heads-up display” technology to simplify how dealers evaluate and purchase used vehicles at online auctions. This is vAuto’s first acquisition.
The acquisition makes perfect sense for vAuto and our clients on two levels:
1. Auction Genius helps you cross the “last mile” to acquire used vehicles at wholesale auctions in a far more efficient and simple manner. Provision tells you the “right” cars you need to acquire and where to find them, and Auction Genius helps you and your team evaluate and purchase these vehicles in real-time, in less time, and with less effort and frustration.
2. The acquisition advances vAuto’s mission to provide ongoing value and best-in-class technology and tools to help you become a more efficient and effective used vehicle retailer. Our goal is to leverage the sophistication of Provision and Auction Genius to make life easier for you.
The Provision Report Card is now part of the Auction Genius platform. If you currently use both technologies, you’ll see this change right away—the Report Card sits right next to condition reports and other information on the Auction Genius display. This means everything you need to properly evaluate and buy a car will appear on a single, intuitive screen.
In the event that you’re not using or familiar with the Auction Genius system and would like to learn more, please contact your Performance Manager.
I’m confident that you’ll agree that vAuto and Auction Genius now offer the perfect blend of sophistication and simplicity to ease the difficult task of acquiring the “right” used vehicles.
Thank you for your continued business and support of vAuto.