KBB Instant Cash Offer's New Features Combat Inventory Shortage, Grow Profits

KBB Instant Cash Offer’s Features Combat Inventory Shortage

NADA at a glance: Cox Automotive Launches Dealer Boost, Reserve Offers and Contact Center for Kelley Blue Book® Instant Cash Offer.

Kelley Blue Book® Instant Cash Offer, a leading online vehicle inventory acquisition solution from Cox Automotive, today announces all new features to help dealers gain a significant competitive advantage during this challenging time of ongoing inventory shortages throughout the auto industry. Kelley Blue Book Instant Cash Offer provides a better way for dealers to source the inventory they need directly from transaction ready car shoppers, which lowers acquisition costs, reduces dependency on less reliable inventory sources, and ultimately improves the bottom line. For consumers, it creates a trusted and transparent vehicle purchase experience to help them move forward confidently in their car buying and selling journey. All new features launching at NADA 2022 include Dealer Boost, Reserve Offers, and Contact Center for Kelley Blue Book Instant Cash Offer, providing turnkey solutions to help dealers easily and efficiently acquire more inventory while reducing their overhead to maximize their profitability.

Dealer Boost

Dealer Boost is a new free enhancement for all Kelley Blue Book Instant Cash Offer dealer clients, helping them maximize their competitiveness with their offers on their most desired vehicles. Dealer Boost works by allowing dealers to customize up to 10 rule parameters for markups  to offers and any offers matching those parameters automatically receive Dealer Boost to ensure the first offer is their best offer. This new enhancement helps dealers provide their maximum offers on consumer vehicles that are the highest priority to the dealership.

Reserve Offers

For dealers struggling to acquire profitable inventory in a fiercely competitive market, Kelley Blue Book Instant Cash Offer Reserve Offers eliminates dealer competition for a given offer and provides a one on one opportunity to acquire a vehicle from a consumer. It provides a competitive advantage by giving dealers  exclusive direct access to select consumers who are ready to sell or trade in their vehicle on KBB.com and Autotrader.

Contact Center

In addition, Kelley Blue Book has partnered with iHeartMedia’s Automotive Division to launch Contact Center for Kelley Blue Book Instant Cash Offer. The iHeartMedia 200+ seat automotive contact center, based out of Nashville, Tenn., staffed with professional agents 24 hours a day, seven days a week, 365 days per year, with all calls recorded and going through meticulous quality assurance works every lead with precision on the dealer’s behalf, using the prescribed Kelley Blue Book Instant Cash Offer follow up process. With Contact Center, dealership staff does not have to do anything until the customer arrives at the dealership for their appointment. This new feature takes the pressure off a dealer’s business development center so dealer reps can focus more on selling and acquiring cars.

How Contact Center for Kelley Blue Book Instant Cash Offer works:

  • Customers use the Kelley Blue Book Instant Cash Offer tool online, and the tool generates an offer for the customer’s vehicle. 
  • The call center initiates communication with the customer (typically within two minutes) and continues to work on the dealer’s behalf through a precisely determined cadence of phone calls, text messages and emails to schedule the appointment. 
  • The customer comes into the dealership for their appointment to finish the transaction, and the dealer decides what to do with the vehicle. 
  • The dealer receives detailed reporting that showcases the Contact Center program results.

“To succeed in this challenging market, dealers need to focus on gaining a competitive advantage, working smarter and leveraging every available opportunity, tool and resource to efficiently acquire the right inventory for their local market,” said Randy Kobat, vice president of operations for inventory management solutions at Cox Automotive. “New turnkey enhancements to Kelley Blue Book Instant Cash Offer like Dealer Boost, Reserve Offers, and Contact Center were designed specifically to help dealers acquire more inventory at lower costs, in a way that is easy and requires no additional staff. On top of that, using a tool from Kelley Blue Book creates customer loyalty, improving customer satisfaction by building trust through transparency and creating a frictionless car shopping experience.”

Other Kelley Blue Book Instant Cash Offer features and tools to help dealers include:

  • Kelley Blue Book Instant Cash Offer Expert Appraisal Tool: Provides the Instant Cash Offer tool on the dealer’s website. 
  • Kelley Blue Book Instant Cash Offer Buying Center: Connects with transaction ready customers looking to sell their car on KBB.com and Autotrader. 
  • Kelley Blue Book Instant Cash Offer Buying Signals: Dealers benefit from the holistic view of consumer online behavior that only Cox Automotive can provide with intelligence and consumer insights from across Cox Automotive data sources to identify transaction ready opportunities and increase operational efficiency.

Kelley Blue Book Instant Cash Offer also integrates seamlessly with other Cox Automotive solutions, including vAuto, Cox Automotive Digital Retailing, VinSolutions and Autotrader, providing data to help guide decision-making and easily monitor success.

To schedule an Instant Cash Offer product demonstration with Kelley Blue Book at NADA 2022, visit coxautoinc.com/nada2022/kbb/.

This year’s NADA Show & Expo will be in Las Vegas from Friday to Sunday, March 11 – 13, 2022. Visit Kelley Blue Book at NADA 2022 in Booth #2029W.

For more information about Kelley Blue Book Instant Cash Offer, visit b2b.kbb.com/ICO.

For more information and news from Kelley Blue Book’s KBB.com, visit kbb.com/media/, follow us on LinkedIn at linkedin.com/company/kelley-blue-book/, Twitter at twitter.com/kelleybluebook (or @kelleybluebook), like our page on Facebook at facebook.com/kbb  and follow us on Instagram at instagram.com/kbb_com/ (or @kbb_com)

You May Also Like

PRT launches 59 New Complete Strut Assemblies to North America

The new items represent nearly 12 million vehicles in new coverage and come to extend the PRT portfolio in North American aftermarket.

PRT is continuously extending the portfolio of complete strut assemblies in the North American aftermarket. A brand of the ADD Group, a manufacturer of complete strut assemblies, announced the arrival of new applications of the component for light vehicles, SUV’s and pickups. The launches include important models in the national scenario such as Nissan Frontier, Toyota Highlander and Mercedes E-Class, in addition to brand new applications such as the Dodge Durango 2022, the Ram ProMaster City 2022 and the Mazda CX-9 2022, among others.

automotiveMastermind Announces Integration with CarNow

CarNow’s integration with automotiveMastermind leverages first-party data to improve the automotive retail shopping experience.

CallRevu Acquires TotalCX

The acquisition is a strategic move to redefine industry standards and automotive customer excellence for CallRevu and TotalCX.

Rita and Rick Case Changemaker Award  2024 Winner

Jonathan DeLuca and the Frederick A. DeLuca Foundation were honored as changemakers at the 2024 South Florida Heart Ball.

Healey Brothers Opens State-of-the-Art Healey Hyundai Dealership

The new dealership in Fishkill, New York, is a model for the next generation of automotive dealerships with comprehensive services.

Other Posts

inride Consumer to Dealer Auto Auction Platform Now Live

inride’s groundbreaking consumer-to-dealer app, powered by technology and AI, is reshaping the automotive landscape.

700Credit Survey Shows How Dealers Are Susceptible to Fraud

Less than 1% of survey respondents say they collect a digital copy, validate and compare a driver’s license against DMV records.

Lotlinx Unveils Vincensus

Vincensus offers real-time visibility for OEM-specific and dealership inventory, plus key data on pricing and markdowns.

Mazda Opens 300th Open-Concept Dealership

Retail Evolution dealers now account for more than 85% of Mazda sales consistently outperform non-upgraded facilities in monthly throughput.