LotPop announced the launch of LotScore on Tuesday, an inventory scoring system which reports dealers’ top inventory and market indicators to help boost their used vehicle sales.

“Dealers using inventory management systems have access to so much data the information confuses decision-making. Instead, LotScore distills that data and, along with analyzing third-party party website data, presents managers with 23 essential and actionable inventory performance metrics,” said Jasen Rice, LotPop founder and chief executive officer.

LotScore is available as part of LotPop’s virtual inventory management service for physical and online inventory management. It is accessible to dealers using LotPop’s full services, such as professional inventory oversight, management of inventory, and online listings best practices.

The scoring system weekly grades a dealer’s inventory in four key areas and scores their growth regarding set goals. The service focuses on scoring inventory status, inventory marketing, inventory stocking and inventory ROI.

“LotScore represents more than a decade of research isolating key inventory performance metrics that actually point to inventory, pricing and market trends. This is the insight a GM, GSM or used car manager needs at their fingertips to isolate opportunities or trouble before things go off track,” Rice said.