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 THE NEW YORK TIMES: Half of the Cars Arriving at Dealers Are Already Sold, AutoNation Says Despite a 20% dip in new vehicle sales last quarter, the country’s largest auto retailer saw a 14% revenue increase. Now, like many dealers, the group is having consumers pay deposits for new inventory before it ever arrives…
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FROM BLOOMBERG: U.S. Retail Sales Rise Most in 10 Months in Broad-Based Rebound National retail sales increased 3.8% last month, with the auto sector contributing a 5.7% boost. The improvement comes as a bit of a surprise following a -2.5% dip in December 2021. Read More FROM AUTOREMARKETING: Black Book Sees Something Cooking as Values…
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FROM THE WALL STREET JOURNAL: Ford and GM Warn Dealers to Stop Charging So Much for New Cars Over 82% of new vehicles purchased last month sold above MSRP. To discourage excessive price increases, OEM executives are hitting dealers with threats of withheld inventory and other repercussions. Read More FROM AUTOMOTIVE NEWS: Honda Wants to…
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FROM AUTOMOTIVE NEWS: U.S. Sales Slide 9% In Jan.; SAAR Tallies 15.2 Million While negative overall, January sales saw the smallest monthly dip since the initial decline last summer, and SAAR has reached its strongest level since June. Read More FROM WARDSAUTO: Analyst Sees No Quick Relief From New-Vehicle Shortages Dealership inventories ended the year…
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FROM AUTOMOTIVE NEWS: 2022 Auto Output Expected to Outpace Sales While light-vehicle sales might only grow 3% this year, production is expected to rise 16%. Analysts also predict another 2 million unit production increase in 2023 as sales reach 20 million units. Read More FROM BUSINESS INSIDER: Used Cars May Finally Get Cheaper This Year…
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FROM AUTOMOTIVE NEWS: Could Hot Used-Vehicle Market Lead to Burns? Dealers continue to get creative with used vehicle acquisition. However, analysts are skeptical of the long term impacts the new car shortage might have on used inventory levels. Read More FROM THE WALL STREET JOURNAL: Rolls-Royce, Bentley, BMW Sales Surge as Cheaper Brands Lag Behind…
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