AI is coming. This week read how in-car advancements can help dealers better service their customers, and why CPO vehicles and EVs are making progress in the automotive game of sales.
FROM WARDS AUTO: CPO Programs Benefit OEMs, Dealers and Buyers
OEMs are strengthening their allegiance to CPO vehicles as factors like consumer brand loyalty tend to be 10 to 12 points higher and dealer profit margins tend to be .75 points higher than non-CPO counterparts.
FROM AUTOMOTIVE NEWS: Big Data Lets OEMs, Dealers Predict When Vehicles Will Need Service
A glimpse into the future: AI-powered alerts give retailers and consumers insight on upcoming parts failures and open up the opportunity for stronger customer communication throughout a vehicle’s lifetime.
FROM AUTO REMARKETING: Latest NADA Data Shows Lifts in Employment and Payroll at Franchised Dealerships
New-car dealerships are rallying the troops to strategize against continued declining net-profit, with direct employment reaching 1.1 million in 2018 and local community allies reaching the hundred thousands.
FROM AUTO DEALER TODAY: IHS: EV Sales, Loyalty Reach Record Highs
As buyers and new environmental laws continue to champion fully electric vehicles, the market has more than doubled in the last year. Reports predict EVs will account for 2% of the total U.S. fleet by 2020.