Revolutionize Your RV Dealership with Titan: The Ultimate Pricing Tool

Summary

Justin from Ridus presents an innovative tool designed for RV dealers to enhance their pricing and inventory management. This tool offers real-time market analysis by tracking every RV unit for sale nationwide, helping dealers make informed decisions on acquisitions and trade-ins. Key features include competitive pricing insights, sales performance tracking, and inventory analysis, which allows users to identify underpriced or overpriced units. By leveraging this tool, dealers can negotiate effectively and stay competitive in the market. Justin invites users to join a pilot program to experience the tool's benefits firsthand.

Takeaways

• 😀 Ridus offers a tool designed to help RV dealers make better, quicker, and more informed decisions in pricing and inventory management.
• 📊 The tool analyzes every dealer in the country, providing real-time data on available RV units, their prices, and market duration.
• 🔍 Users can view market analysis for specific RV models, helping them to understand pricing and inventory hotspots across the country.
• 🏷️ The tool assists dealers in pricing new inventory by comparing local and national averages, improving their competitiveness.
• 🤝 It provides data that can be used in negotiations with customers, offering solid market evidence for pricing decisions.
• 🌐 The tool includes dealer profiles, enabling users to see their competitors’ listings, pictures, and selling prices.
• 📈 The sales analysis tab tracks the average age of inventory, allowing dealers to see how quickly their units are selling.
• 💡 The inventory analysis tab identifies underpriced and overpriced units, helping dealers maximize their gross profit.
• 🔔 Alerts are provided when pricing changes are suggested, streamlining the decision-making process for dealers.
• 🚀 Ridus is currently in a pilot program, seeking feedback from dealers to improve the tool and expand its features.

Q & A

What is the main purpose of the Ridus tool?

The Ridus tool is designed to assist RV dealers in making better, quicker, and more informed decisions regarding acquisitions, trade-ins, and pricing of new inventory.

How does Ridus gather its market data?

Ridus collects data by analyzing every RV dealer in the country, monitoring the units they have for sale, their listing prices, and how long they've been on the market, updating this information daily.

What features are included in the market analysis page of Ridus?

The market analysis page provides insights into the number of units available, average prices for new and used units, average days on the market, and identifies pricing hotspots.

How does Ridus help dealers negotiate with customers?

Ridus provides dealers with hard data that shows real market values, enabling them to justify pricing during negotiations with customers who may have inflated expectations.

What can users do with the sales analysis tab?

The sales analysis tab allows users to see their average days to sell and analyze recent sales data, helping them assess their inventory performance over a defined period.

What kind of insights does the inventory analysis tab provide?

The inventory analysis tab identifies opportunities in inventory management, highlighting underpriced and overpriced units, which helps dealers maximize profit margins and turnover rates.

What are the benefits of proximity filtering in the Ridus tool?

Proximity filtering allows dealers to narrow their market analysis to a specific radius, ensuring that they are competitive based on local market conditions rather than nationwide averages.

How does Ridus plan to expand its features in the future?

Ridus is looking to incorporate additional data sources, such as JD Power, and implement inventory feeds that allow users to see their costs and directly adjust prices on their websites.

What is the pilot program mentioned in the script?

The pilot program invites dealers to test the Ridus tool for 30 to 45 days in exchange for feedback, allowing the developers to refine and expand the tool's features.

How can dealers book a demo of the Ridus tool?

Interested dealers can click on the 'Book Now' option to schedule a live demo and learn more about how Ridus can benefit their dealership operations.