Spring is in the air and so are automotive advancements! This week read how dealers are seeing the brighter side of artificial intelligence and how major dealership investments are coming into bloom.
FROM AUTOMOTIVE NEWS: A New Way of Thinking
Competitive dealerships are embarking on a new season of AI – utilizing the technology to help recognize vehicle selling potential, inform smarter pricing decisions, and retain higher gross margins overall.
FROM CNBC: Auto Sales Projected to Slow to Lowest Level in More Than 4 Years Despite SUV and Pickup Demand
Although Q1’s annual sales rate is estimated at 16.7 million vehicles, the grass is a bit greener due to 48% of new sales coming from profitable utility models such as SUVs and pickups – a 2% increase from the year before.
FROM CBT NEWS: How Mark Wahlberg and Private Equity Firms Are Shaking up Automotive Retail
Investors continue to spring into lucrative dealership ventures by absorbing smaller family-owned stores into larger auto groups, resulting in over 200 dealership buy-sell transactions in 2018.
FROM BUSINESS INSIDER: How Automakers Can Use Artificial Intelligence to Cut Costs, Open New Revenue Streams, and Adapt to the Digital Age
A recent study outlines the blossoming benefits of automotive AI, including a number of self-driving revenue opportunities and a $173 billion projected savings for the entire OEM supply chain.
Leave a Comments