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 J.D. POWER: July New-Vehicle Sales Pace Still Constrained but Transaction Prices and Dealer Profits Remain at Record Levels July sales results are trending downward with a predicted 10.8% drop in retail sales and a 0.9 million unit drop in SAAR compared to this month last year. Demand should continue to outweigh supply as the…
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FROM COX AUTOMOTIVE: Used-Vehicle Market Looking More Normal in Inventory as Prices Inch Down Unsold used car inventory has increased by 5% from the prior year to 2.46 million units. Used-vehicle costs have started to gradually decline while analysts anticipate sales to remain strong. Read More FROM REUTERS: For Auto Retailers, Pandemic-Era Profit Boost in…
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FROM THE WASHINGTON POST: June Inflation Soared 9.1%, a New 40-Year High, Amid High Gas Prices With prices rising 1.3% in June over May and 9.1% year over year, inflation isn’t showing any signs of slowing down. The largest driver of inflation is the staggering 41.6% energy index increase, the largest annual increase since 1980….
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FROM AUTOMOTIVE NEWS: Market Slide Continues in June; Ford Gain Signals Rebound Underway A 25% decrease in U.S. auto sales has been recorded for Q2, with a forecasted annual rate of sales to fall between 13 and 13.8 million – a slight improvement from May’s results. Ford outperformed the market this quarter, closing June with…
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FROM KELLEY BLUE BOOK: Don’t Expect Many July 4 Car Deals This Year Due to almost record-high new vehicle prices in May, dealers are unlikely to offer any discounts during this holiday weekend. Shoppers on the lookout for deals should be flexible, buy used, and stray away from popular models. Read More FROM FORBES: U.S….
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FROM AUTOMOTIVE NEWS: New Vehicle Prices Surge, But There’s No Shortage of Buyers New car costs are nearly equivalent to the U.S. median household income – around $55,821 or about 41.3 weeks of income. Despite record high transaction prices, dealers still aren’t struggling to find eager buyers for their arriving vehicles. Read More FROM NEW…
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