We already know AI works for the auto industry. It’s fast, it’s smart, and it’s a tool to help dealers move metal faster. But each AI model is different, and the countless ways to use them can be overwhelming. ChatGPT can be a powerful ally for car dealerships that want to push more sales, customer…
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Car dealers always have something to track — dealership industry turnover, invoicing delays, labor rates; the list goes on. With the car dealership industry generating over $1 trillion in new vehicle sales in 2019 alone, the industry is both vast and challenging. It requires big investments but often operates with tight profit margins. It requires…
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Over the past twenty years, selling new cars has become less profitable for many reasons. Stock market ups and downs, intense competition among manufacturers, and shifting consumer tastes have all joined the mix— even cyberattacks on major software providers; this month’s CDK Global attacks have caused widespread outages felt across the American auto retail sales…
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Building trust and credibility in the digital age of auto sales is one of the main determinants of success. Today, half of a consumer’s decision to repurchase or recommend an automotive brand or dealer revolves around trust. Although dealerships and car salespeople have historically faced skepticism, earning trust is achievable with the right approach. Embracing…
Read moreMaximize your profits with our automotive technology solutions that execute VIN-specific strategies via innovative features, including real-time market analysis and inventory management that increases turn, reduces waste, improves margins, and controls risk.
“VIN-specific” marketing has become an increasingly popular and overused term. Countless companies are saying they have amazing VIN-level marketing platforms. But, the ugly truth is that not all marketing platforms are built the same. In fact, most haven’t been built at all. Many are carbon copies of the same SEM or Social Media platform in…
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When the New car shortage began, dealers turned toward Used units to fulfill high levels of consumer demand. For months, dealers have hustled to acquire Used vehicles in order to capitalize on their record-breaking retail prices and transaction margins. The LotLinx Research Lab has kept a close eye on the latest Used inventory trends throughout…
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LotLinx Founding Chairman and CEO Len Short sat down with DrivingSales to discuss the future of AI in the automotive industry.
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LotLinx /AI/ uses shopper behavior and market data to drive consumer demand directly to priority VINs. To better explain how /AI/ powers the LotLinx VIN demand platform, Head of Product, Dan Legal, and Director of Machine Learning and AI, Maien Hamed, sat down to answer some of dealers’ most commonly asked questions: What data fuels…
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Watch 2018 Toyota Presidents Awardee Tony Thorstad, E-Commerce Specialist at Smart Motors Toyota, share how his dealership leverages LotLinx technology to manage risk, avoid aged inventory, and double monthly turnover.
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Learn how LotLinx is paving the way for the new industrial revolution by revitalizing retail automotive advertising. With the use of artificial intelligence, dealers can remove friction from the sales process and move vehicles off the lot faster. Schedule your complimentary inventory strategy session today!
Read more Lotlinx was created to hand operational and fiscal control back to the dealer. We have been harnessing our AI and machine learning technology for over a decade, purely focusing on how dealers can move their inventory more efficiently and effectively.
It’s your dealership. Control it with Lotlinx.
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