This isn’t just a chatbot. It’s an AI inventory strategist built for dealers. Ask it real questions about your inventory and it digs into your VIN-level data, pricing, market conditions, and shopper behavior to tell you exactly what to do next.
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Join Michael Cirillo, Carla Wade, and Kerri Wise for a discussion on the NADA floor, deep diving into the industry’s focus on AI.
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LotGPT spotted in the wild! Yossi J Levi gives Donald Kemp of Stowasser Buick GMC a live look at LotGPT’s insights on his store in the latest Car Dealership Guy podcast.
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Join Kerri and Todd Smith, CEO of QoreAI, for a deep dive into the real-world impact of Artificial Intelligence on the automotive industry.
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FROM AUTOMOTIVE NEWS: Incentives not likely to break 5% until 2024 For years, incentive spending would make up between 8% and 10% of a new vehicle’s sticker price. Now, incentive spending has dipped to only 2.3%. Consumer incentives are hardly expected to rise as long as inventory supplies remain low. Read More FROM CNBC: Ford…
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FROM COX AUTOMOTIVE: November new-vehicle sales expected to jump 10.8% year over year, as inventory levels continue to improve New-vehicle sales forecasts are predicting significant spikes this month, specifically for compact SUVs, mid-size cars, and compact cars. Dealers started November with the highest inventory levels since May 2021, an average supply of 49 days. Read…
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FROM REUTERS: U.S. new vehicle sales to be flat in November amid high interest rate Monthly retail sales are expected to shift just -0.3% from November 2021. For the over 933,000 units sold this month, the average finance payment is up 7.2% year-over-year. Read More FROM WARDSAUTO: Skyrocketing auto sales coming back to earth How…
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FROM J.D. POWER: Lack of new-vehicle inventory has notable effect on sales satisfaction The shoppers have spoken: Consumer opinions on the new-vehicle buying process have worsened for the first time in 10 years. Opinions on price fairness and inventory availability have been trending downwards for some time. Read More FROM CONSUMER REPORTS: Who makes the…
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“I had a great year last month.” Is your store still operating in this headspace? Don’t get me wrong, October was one of the most lucrative sales months on record. Shoppers spent over $46 billion on new inventory alone. But, the automotive market is transitioning faster than I’ve seen throughout my 25+ years in the…
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FROM COX AUTOMOTIVE: Wholesale used-vehicle prices see smaller decline in October Wholesale used-vehicle prices saw another 2.2% dip last month, leaving prices 10.6% lower year-over-year. Luxury cars and SUV/CUVs saw the most significant price declines, 13.6% and 12.4% respectively. Read More FROM AUTOMOTIVE NEWS: EV registrations in U.S. rise 57% in September as Tesla rivals…
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