Changes Coming to NADA Book Values-
ACTION REQUIRED
ProMax Dealers,
In order to improve accuracy we have been updating inventory processes in ProMax over the last few months. Updates to NADA Book Values are next up, and are being rolled out in phases. If your dealership uses NADA, you will be seeing some changes over the next several weeks.
What are these changes and when can I expect them?
Beginning this week we are activating dealers for the first phase of these updates. Once your dealership is activated, the styles of some vehicles in ProMax will no longer be an exact match with how NADA lists them, requiring action on your part. Phase two won't begin until phase one is complete, and you will be notified separately at that time.
What action is required on my part?
In order to ensure all of your vehicle listings are exact matches with NADA, you will need to go to your Unbooked Inventory Report and look for vehicles with "Select NADA match" in their Description:
I see some vehicles with "Select NADA match"; now what do I do?
Opening any of these vehicle records triggers the "NADA Possible Match" popup containing a list of possible vehicle descriptions. From this popup you will be prompted to select the proper Style/Description and then "Save":
You will be presented with this popup any time you open an inventory record for a vehicle that is not an exact match, regardless of where you are opening it from.
What happens if I don't select these matches?
Once the first phase is complete and we begin phase two a few weeks from now, vehicles you have NOT selected a match for will be at risk of not displaying any equipment or values.
I'm not sure I understand the process; do you have a video walk-through?
We do! This short video goes through everything step by step:
We appreciate your patience as we work to make Inventory processes and book values in ProMax as accurate as possible.
If you have any questions
please contact your
Dealer Support Specialist
at 844-322-9034
Comments