UCDP Ep #36 - Interview with Jasen Rice President of Lotpop on Inventory and Lot management

Happy New Year and after a December break we have the first episode of the UCDP for 2022 featuring Jasen Rice of Lotpop. In this episode, Zach Klempf interviews Jasen Rice the president of Lotpop which is a lot management software and professional services company. Jasen discusses the latest developments with the inventory / chip shortage, his experience in the industry and at vAuto, as well as best practices for dealers on turn and lot management. Some of the questions asked include:Q) Talk about your background in automotive and why you started Lot Pop and what you guys do?Q) 2020 and 2021 have been surreal from an industry standpoint, what has the pandemic/chip shortage taught us about inventory management?Q) What were some of your observations (in terms of the used car marketplace) in Q4 of 2021?Q) Any predictions for 2022? (in terms of used car inventory)Q) What are dealers sleeping on when it comes to inventory management?Q) What advice do you have for your average independent dealer sourcing inventory and trying to build a strategy for this market?Q) What are some of the most successful dealers doing differently when it comes to inventory management? Q) Why is it hard to build inventory management software, what are/were some of the challenges in getting this product to market?Listen to our other podcast episodes: https://www.sellyautomotive.com/podcastRead the transcribe of this episode: https://blog.sellyautomotive.com/blog/jasen-rice-president-of-lotpop-on-inventory-and-lot-management