Try the easiest and most robust way for dealership finance teams to have accurate and consolidated stock information

This free audit will show you how simple a Lotcount digital audit is and let you see the value it will bring to your dealership group.

We'll set you up to use the software and provide a debrief following your audit to help you get the best value from the insights it provides.

There's zero obligation to continue using the software. We've simply found that the best way for dealers to understand how powerful and easy to use LotCount is, is to try it out!

TRY IT FREE

Graphic showing the process of Inventory count, real-time, multi-site consolidation, delivering financial results

LotCount is a mobile-based solution which is quick and simple to use. There's no special equipment or training needed; anyone can do it!

LotCount is a simple to use, fast, and reliable tool that supports automotive dealer inventory control

No tagging, no training, no fuss: Start in minutes

With LotCount, you can be up and running in minutes without any complicated setup or training required.

There's no need for tagging or specialised equipment - our platform is easy to use, works with any standard smartphone, and requires no additional preparation.

Improve your inventory accuracy and control with AI-enhanced technology

This robust and professional platform is more accurate than manual auditing and has even helped detect significant fraud.

The AI technology automatically reconciles and validates the data, highlighting any issues for further analysis. You can easily identify anomalies and take action to improve your inventory processes and control.

Say goodbye to manual audits

With this mobile app-based tool, you can have multiple users working on the same audit simultaneously, making it easy to reconcile your entire stock holding quickly and accurately.

Say goodbye to the time-consuming and error-prone process of conducting manual stock counts - with LotCount, you can conduct group-wide audits in just one day.

How LotCount helps dealerships generate real financial benefits

Optimize funding

Avoid unnecessary costs

Each day of interest cuts into the potential profit on a vehicle, so why pay interest on funds that are not needed?

There's also the opportunity cost of being able to utilise that credit line to fund new stock; and the funder relationship to consider.

As well as the impact on future credit decisions, some funders are also levying financial penalties on dealerships with insufficient controls in place.

Detect and prevent fraud

Uncover issues quickly

A franchised dealer group had been auditing manually which was taking weeks to complete.

They switched to digital auditing and immediately uncovered a fraud in which 12 vehicles had been stolen.

This had potentially been going on for some time and would have cost hundreds of thousands of dollars!

Reduce insurance premiums

Prove to your insurer that you have strong controls in place

LotCount clients have been able to successfully negotiate significant reductions in their insurance premiums.

By being able to demonstrate to the insurer that there are strong controls in place, helps to reduce the overall risk to the insurer and, thus the cost to the dealership.

Reduce admin time and resources

Stop wasted time

When you have vehicles that are not where they are supposed to be or where systems are saying that they are, you end up with unnecessary wasted time spent hunting for them.

This is pure inefficiency that can easily be avoided, reducing both resource requirements and management time and attention.

Improve cash flow

And benefit your bottom-line

In one example, a dealer group had been struggling with such long (typically five weeks) manual stock counts that it rarely got reconciled properly.

Following a one-day audit across 37 sites, they discovered 302 cars had been sold but not invoiced. As a result, they added almost $300,000 in revenue to their books within two working days of their audit.

And this is not a one-off. Looking across a sample of 1000 dealer audits, vehicles with an average value of $250,000 were discovered to be sold but not invoiced.

Make sound decisions

Have faith in your data

Inaccurate information and errors mean that you risk basing your reporting and decision-making on mis-leading data.

As the saying goes, "if you can't measure it, you can't manage it'.

How it works

Step 1

Once the audit is set up, your allocated resource receives an email with a link to the web app.

All that's needed is a standard smartphone.

Step 2

Using the easy look up, the team find the vehicles on the system, take a photo of the VIN and add any other relevant images or notes to the system.

Since it reconciles in real-time, multiple people can work at the same time.

Step 3

Once all the assets have been checked, the data engine processes and validate the data to provide you with a snapshot of your entire group stock.

You get the results, showing any anomalies and follow up required.

Get your free trial

Simply fill in your contact details and one of our team will get you set up and guide you through the process.

There's no on-going obligation.

You get to run a full dealership audit and benefit from the insights that gives you.

"I always thought that asset auditing was needlessly complicated, this proves there is a far simpler way to achieve better results"