Business Intelligence for Dealer and Auction GroupsA.I. Analysis Tools
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Auto auctions are all about buying and selling, right? There are many processes involved at every auction: Dealers sell and buy, negotiate and compromise, and accept or reject offers.
You may think that it’s all done in a haphazard manner or without focusing too much on numbers and statistics. But analytics are very important. There are certain patterns in used-vehicle purchases, and these are tendencies that you can spot during your auctions. These patterns mirror different industry trends and perspectives that you can use to make predictions, to take decisive action in order to outpace your competition, and to maximize your return on investment. But this can only happen if you have the necessary tools needed to analyze the entire scope of your auction data.
To better serve your registered dealers, you should provide such an opportunity for them as well.
And guess what? With our Auction Streaming software tools you can do both.
What are Predictive A.I. Analysis Tools?
We have recently developed a system that compiles huge volumes of auction data and then transforms it into information that anyone can understand and use. Why does it include an A.I. component?
Let’s suppose you have sales data on a hundred different vehicles that have been bought or sold at your auction. If you look at the raw data, you see nothing but lines of numbers and figures that can be at the very least confusing and difficult to assess. Sorting them out manually would be a lengthy process.
Our Predictive A.I. Analysis Tools can evaluate the data you have compiled over the years, and transform it into an aggregate breakdown of the most profitable inventory you can carry. With these tools at your disposal, you can analyze the most popular and effective combinations of vehicle year, make and model, to pursue consignors who can provide inventory that performs best at your location. And finally, you can evaluate your overall auction summary and statistics.
With our software your dealers can see their personal auction assessments, such as the vehicles that were bought and sold, registered for an upcoming event, or the results and details of the transactions they completed at the auction.
Should You Invest In It?
Since our company has served the auction industry for many years, we can tell from experience that dealers today are more comfortable with digital tools than ever before. They are already accustomed to using desktop software, and are totally ready to move on to mobile apps. Maybe ten years ago you could do without it, and we would be having a different conversation, but now more modern technologies are considered as the norm.
As you integrate this emerging technology of Predictive A.I. Analysis, you will be doing yourself a huge favor. Think about it: having useful data that can help you to determine what user behavior might be exhibited on any given Sale Day, but not using it simply because it appears to be unstructured , is a missed opportunity.
How many missed opportunities can you afford to have?
By providing these powerful tools you will attract more dealers from other auctions. With Predictive A.I. Analysis Tools your dealers can use their own auction data combined with the overall auction data to understand used-vehicle purchasing habits, and to buy, sell and price vehicles more efficiently.
Our Auction Streaming’s Predictive A.I. Analysis Tools can help you to:
- Effectively manage large volumes and diversities of data
- Offer the right vehicles for auction
- Gain business insights from auction data
- Obtain information from past events to make future predictions
- Create future remarketing strategies
- Increase your auction’s profits
- Keep dealers satisfied while being more profitable
- Offer a better solution to your dealers
If you have any questions about A.I Analysis Tools, feel free to contact us immediately. Our friendly staff will provide you with all of the answers you need.
See Our Solution In Action
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