Find the inventory ideal for your lot and maximize Profit Per Day™.
We help dealers sell and service vehicles more profitably while improving their customers’ experience. The power of our integrated suite of products results in higher sales, improved efficiency and increased repeat business for our dealers.
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
"There were a few obstacles in other systems that weren’t present in Inventory+. There was a lag in data, and the analysis of data wasn’t as in-depth. To complete one task, you’d have to move between multiple screens in the system. With Inventory+, we can make changes on the fly."
Jose Dios, Used Car Director
Lynnes Auto Group
Ready to have all the information you need at your fingertips?
Find the inventory ideal for your lot and maximize Profit Per Day™.
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
"There were a few obstacles in other systems that weren’t present in Inventory+. There was a lag in data, and the analysis of data wasn’t as in-depth. To complete one task, you’d have to move between multiple screens in the system. With Inventory+, we can make changes on the fly."
Jose Dios, Used Car Director
Lynnes Auto Group
Ready to have all the information you need at your fingertips?
Save time, increase efficiency for appraisals, and get more accurate data with real-time integration between DealerSocket’s CRM and Inventory+ inventory management solution.
Save time, increase efficiency for appraisals, and get more accurate data with real-time integration between DealerSocket’s CRM and Inventory+ inventory management solution.
Find the inventory ideal for your lot and maximize Profit Per Day™
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
Beat out the competition.
Focus on a “profit first” mentality, rather than velocity alone, which can result in a race-to-the-bottom price war that hurts your profits.
Leverage an inventory management software that works with your strategy, rather than dictating it.
Make faster, more data-driven decisions with real-time insights for your dealership and increase front end profit up to 20%.
Reduce aging inventory and move vehicles to the most profitable in-group location.
Identify the right vehicle and price for all locations with real-time industry and transaction information.
Make your vehicles stand out on any website.
Increase traffic and quality leads with our powerful merchandising and syndication tools.
Manage inventory for your entire group.
Gain greater consistency and control in operations, while saving on auction fees through Group Trade with our many enterprise management tools.
Streamline the appraisal process.
Leverage a centralized appraisal function and a single-page appraisal to evaluate and market trade-ins more quickly than ever in an easy-to-use platform.
Increase Profit Per Day™
Watch this short video to learn more about Inventory+ and how its Ideal Inventory Model™ can maximize profit.
Increase Profit Per Day™ with our robust and flexible suite of data-enabled tools.
Absolute Sourcing
Take your buy/sell list to the next level with the power to find, purchase, and stock those vehicle recommendations on your lot.
New Car Pricing
Eliminate the time-consuming complexity of managing factory incentives and rebates when pricing in bulk across your lot or group.
Used Car Pricing
Competitively price your used car inventory to drive more leads with real-time insight of your performance, local, and national inventory data.
Group Management
Empower your group with an enterprise management platform that encourages increased profit across rooftops.
Group Trade
Take advantage of the unique strengths of each store in your group and save on auction and transportation fees.
Appraisals
Refine your appraisal process with smart appraisal decisions from your desktop or mobile device.
Inventory Management
Maximize your inventory investment every step of the way with user-friendly tools.
Merchandising
Put more customers on your website and in your showrooms with faster merchandising.
Reporting and Analytics
Make actionable decisions with access to real-time data, robust analytics, and customizable reports.
We love Inventory+ especially on the mobile side. We have over 8 acres. We found with Inventory+ we were heavy in the wrong mix. We’re already seeing a better inventory.
Find the inventory ideal for your lot and maximize Profit Per Day™
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
Beat out the competition.
Focus on a “profit first” mentality, rather than velocity alone, which can result in a race-to-the-bottom price war that hurts your profits.
Leverage an inventory management software that works with your strategy, rather than dictating it.
Make faster, more data-driven decisions with real-time insights for your dealership and increase front end profit up to 20%.
Reduce aging inventory and move vehicles to the most profitable in-group location.
Identify the right vehicle and price for all locations with real-time industry and transaction information.
Make your vehicles stand out on any website.
Increase traffic and quality leads with our powerful merchandising and syndication tools.
Manage inventory for your entire group.
Gain greater consistency and control in operations, while saving on auction fees through Group Trade with our many enterprise management tools.
Streamline the appraisal process.
Leverage a centralized appraisal function and a single-page appraisal to evaluate and market trade-ins more quickly than ever in an easy-to-use platform.
Increase Profit Per Day™
Watch this short video to learn more about Inventory+ and how its Ideal Inventory Model™ can maximize profit.
Increase Profit Per Day™ with our robust and flexible suite of data-enabled tools.
Absolute Sourcing
Take your buy/sell list to the next level with the power to find, purchase, and stock those vehicle recommendations on your lot.
New Car Pricing
Eliminate the time-consuming complexity of managing factory incentives and rebates when pricing in bulk across your lot or group.
Used Car Pricing
Competitively price your used car inventory to drive more leads with real-time insight of your performance, local, and national inventory data.
Group Management
Empower your group with an enterprise management platform that encourages increased profit across rooftops.
Group Trade
Take advantage of the unique strengths of each store in your group and save on auction and transportation fees.
Appraisals
Refine your appraisal process with smart appraisal decisions from your desktop or mobile device.
Inventory Management
Maximize your inventory investment every step of the way with user-friendly tools.
Merchandising
Put more customers on your website and in your showrooms with faster merchandising.
Reporting and Analytics
Make actionable decisions with access to real-time data, robust analytics, and customizable reports.
We love Inventory+ especially on the mobile side. We have over 8 acres. We found with Inventory+ we were heavy in the wrong mix. We’re already seeing a better inventory.
Jennifer Camacho
Sr. Vice President at Cars Plus Guam
WESTLAKE, T.X. — May 17, 2021 — Solera Holdings, Inc. (“Solera”) today announced that it will acquire Omnitracs, a complete fleet management platform, and DealerSocket, a leading SaaS provider to the automotive industry. These acquisitions will extend Solera’s position as the preeminent global data intelligence and technology leader serving all constituents engaged in vehicle lifecycle management.
Global Leadership in Vehicle Lifecycle Management
With operations in more than 90 countries, Solera is the global technology leader operating in a highly complex vehicle lifecycle management ecosystem. Solera’s software and unique data assets power the value-chain of a vehicle from purchase to claims, repair and resale. These acquisitions will build upon Solera’s strategy to minimize complexity and reduce friction at all touchpoints in the vehicle lifecycle with fully integrated intelligent technology platforms.
“Solera is the driving force behind the rapid digitization of the vehicle lifecycle, delivering intelligent, data-driven, mission-critical solutions for our customers,” said Darko Dejanovic, Chief Executive Officer of Solera. “These highly strategic acquisitions will enable us to expand into adjacent verticals and capitalize on emerging trends in our industry. Solera’s unique position in a large and growing market allows us to transform the industry through innovation, proprietary data assets, unmatched scale and deep customer relationships.”
With Omnitracs, Solera will offer a unified platform that encompasses safety, productivity and maintenance solutions for commercial fleets.
“By joining Solera, Omnitracs will be able to further extend our converged solutions, both in and on the vehicle, into fleet lifecycle management services while also extending our access to new markets,” said Ray Greer, Chief Executive Officer of Omnitracs.
“The combination of DealerSocket with Solera allows us to offer dealerships a fully unified platform to simplify workflows and enables us to become the digital backbone across all areas of a connected dealership, simplifying and improving the retail experience. We are thrilled to join the Solera team,” said Sejal Pietrzak, Chief Executive Officer of DealerSocket.
The acquisitions are expected to close during the second quarter of calendar year 2021, subject to definitive agreements that will include customary closing conditions, including regulatory approvals. Financial terms were not disclosed.
Kirkland & Ellis LLP is advising Solera on the acquisition. Greenberg Traurig, LLP is serving as legal counsel to Omnitracs and Ropes & Gray LLP is serving as legal counsel to DealerSocket.
About Solera
Solera is a global leader in risk and asset management data and software, empowering companies across the automotive and insurance ecosystem with trusted solutions to support connectivity across the vehicle value chain. Solera’s solutions bring together customers, insurers, and suppliers, empowering smarter decision-making through service, software, enriched data, proprietary algorithms, and machine learning that come together to deliver insight and are designed to ensure customers’ vehicles and property are optimally maintained and expertly repaired. Solera serves over 235,000 customers and partners in more than 90 countries across six continents. By drawing on the market-leading solution capabilities and business process best practices from its technologies around the world, Solera provides unsurpassed scale and strength with superior performance while delivering innovation to move the industry forward.
About Omnitracs
Omnitracs offers the only complete fleet intelligence software platform. Serving the largest for-hire and private fleets in the transportation and distribution industries, Omnitracs’s best-in-class solutions accelerate business success, improve efficiency, and enhance the driver experience for nearly 15,000 customers who collectively travel 250 million miles per week. Omnitracs pioneered digital transformation in trucking more than 30 years ago, and today offers a one-stop shop for enterprise-grade, data-driven solutions across compliance, telematics, workflow, routing, and video safety in over 50 countries across the globe. For more information, visit www.omnitracs.com.
About DealerSocket
DealerSocket serves over 9,000 automotive dealerships with best-in-class solutions for customer relationship management, digital retailing/marketing, websites, inventory management and analytics solutions, as well as leading enterprise-level dealership management systems. DealerSocket solutions transform the automotive experience with innovations and unparalleled, award-winning customer service. For more information, visit www.dealersocket.com.
Cautions Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements about: the expected execution of definitive agreements relating to, and expected consummation of, Solera’s acquisitions of Omnitracs and DealerSocket (together, the “Acquisitions”); the expected financial, operational and strategic benefits of the Acquisitions; the expected benefits and value of current and future products and services to Solera’s, Omnitracs’s and DealerSocket’s customers, either alone or in conjunction with the products and services of other Solera group companies; and operational efficiencies that may be achieved by the combined companies as a result of the Acquisitions. These statements are based on Solera’s current expectations, estimates and assumptions and are subject to many risks, uncertainties and unknown future events that could cause actual results to differ materially from such forward-looking statements. Solera is under no obligation to (and specifically disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.
Find the inventory ideal for your lot and maximize Profit Per Day™
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
Beat out the competition.
Focus on a “profit first” mentality, rather than velocity alone, which can result in a race-to-the-bottom price war that hurts your profits.
Leverage an inventory management software that works with your strategy, rather than dictating it.
Make faster, more data-driven decisions with real-time insights for your dealership and increase front end profit up to 20%.
Reduce aging inventory and move vehicles to the most profitable in-group location.
Identify the right vehicle and price for all locations with real-time industry and transaction information.
Make your vehicles stand out on any website.
Increase traffic and quality leads with our powerful merchandising and syndication tools.
Manage inventory for your entire group.
Gain greater consistency and control in operations, while saving on auction fees through Group Trade with our many enterprise management tools.
Streamline the appraisal process.
Leverage a centralized appraisal function and a single-page appraisal to evaluate and market trade-ins more quickly than ever in an easy-to-use platform.
Increase Profit Per Day™
Watch this short video to learn more about Inventory+ and how its Ideal Inventory Model™ can maximize profit.
Increase Profit Per Day™ with our robust and flexible suite of data-enabled tools.
Absolute Sourcing
Take your buy/sell list to the next level with the power to find, purchase, and stock those vehicle recommendations on your lot.
New Car Pricing
Eliminate the time-consuming complexity of managing factory incentives and rebates when pricing in bulk across your lot or group.
Used Car Pricing
Competitively price your used car inventory to drive more leads with real-time insight of your performance, local, and national inventory data.
Group Management
Empower your group with an enterprise management platform that encourages increased profit across rooftops.
Group Trade
Take advantage of the unique strengths of each store in your group and save on auction and transportation fees.
Appraisals
Refine your appraisal process with smart appraisal decisions from your desktop or mobile device.
Inventory Management
Maximize your inventory investment every step of the way with user-friendly tools.
Merchandising
Put more customers on your website and in your showrooms with faster merchandising.
Reporting and Analytics
Make actionable decisions with access to real-time data, robust analytics, and customizable reports.
We love Inventory+ especially on the mobile side. We have over 8 acres. We found with Inventory+ we were heavy in the wrong mix. We’re already seeing a better inventory.
Find the inventory ideal for your lot and maximize Profit Per Day™
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
Beat out the competition.
Focus on a “profit first” mentality, rather than velocity alone, which can result in a race-to-the-bottom price war that hurts your profits.
Leverage an inventory management software that works with your strategy, rather than dictating it.
Make faster, more data-driven decisions with real-time insights for your dealership and increase front end profit up to 20%.
Reduce aging inventory and move vehicles to the most profitable in-group location.
Identify the right vehicle and price for all locations with real-time industry and transaction information.
Make your vehicles stand out on any website.
Increase traffic and quality leads with our powerful merchandising and syndication tools.
Manage inventory for your entire group.
Gain greater consistency and control in operations, while saving on auction fees through Group Trade with our many enterprise management tools.
Streamline the appraisal process.
Leverage a centralized appraisal function and a single-page appraisal to evaluate and market trade-ins more quickly than ever in an easy-to-use platform.
Increase Profit Per Day™
Watch this short video to learn more about Inventory+ and how its Ideal Inventory Model™ can maximize profit.
Increase Profit Per Day™ with our robust and flexible suite of data-enabled tools.
Absolute Sourcing
Take your buy/sell list to the next level with the power to find, purchase, and stock those vehicle recommendations on your lot.
New Car Pricing
Eliminate the time-consuming complexity of managing factory incentives and rebates when pricing in bulk across your lot or group.
Used Car Pricing
Competitively price your used car inventory to drive more leads with real-time insight of your performance, local, and national inventory data.
Group Management
Empower your group with an enterprise management platform that encourages increased profit across rooftops.
Group Trade
Take advantage of the unique strengths of each store in your group and save on auction and transportation fees.
Appraisals
Refine your appraisal process with smart appraisal decisions from your desktop or mobile device.
Inventory Management
Maximize your inventory investment every step of the way with user-friendly tools.
Merchandising
Put more customers on your website and in your showrooms with faster merchandising.
Reporting and Analytics
Make actionable decisions with access to real-time data, robust analytics, and customizable reports.
We love Inventory+ especially on the mobile side. We have over 8 acres. We found with Inventory+ we were heavy in the wrong mix. We’re already seeing a better inventory.
Find the inventory ideal for your lot and maximize Profit Per Day™.
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
"There were a few obstacles in other systems that weren’t present in Inventory+. There was a lag in data, and the analysis of data wasn’t as in-depth. To complete one task, you’d have to move between multiple screens in the system. With Inventory+, we can make changes on the fly."
Jose Dios, Used Car Director
Lynnes Auto Group
Ready to have all the information you need at your fingertips?
Find the inventory ideal for your lot and maximize Profit Per Day™.
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
"There were a few obstacles in other systems that weren’t present in Inventory+. There was a lag in data, and the analysis of data wasn’t as in-depth. To complete one task, you’d have to move between multiple screens in the system. With Inventory+, we can make changes on the fly."
Jose Dios, Used Car Director
Lynnes Auto Group
Ready to have all the information you need at your fingertips?
Find the inventory ideal for your lot and maximize Profit Per Day™.
From acquisition to disposition, our inventory management software helps you maximize Profit Per Day™ on every vehicle with a data-driven approach that combines transaction history and market information. Inventory+ was built with one goal in mind: to ensure every lot unit has a chance to sell at a profit. We call it our Ideal Inventory Model™.
"There were a few obstacles in other systems that weren’t present in Inventory+. There was a lag in data, and the analysis of data wasn’t as in-depth. To complete one task, you’d have to move between multiple screens in the system. With Inventory+, we can make changes on the fly."
Jose Dios, Used Car Director
Lynnes Auto Group
Ready to have all the information you need at your fingertips?
