Click here to check out this excellent recap of the Used Car Market by our friends at Automotive News. For the week ended April 12, wholesale auction volume totaled just 19,000, an 83 percent drop from the pre-virus weekly average, according to J.D. Power. Retail used-vehicle sales during the first 12 days of April for […]
Recently, Dennis Ephlin, Auto CoE: Customer Engagement & Digital Transformation at IBM, wrote a blog for Dealer Marketing Magazine about the Future of auto dealerships. Below is an excerpt. Read the blog in its entirety here. Future Point-of-View The future of auto dealerships survival will not be enabled by physical inventory and assets or traditional […]
According to a recent blog published by Electrek*, car buyers in China are coming back in waves. Personal vehicles have become more desirable as consumers concern surrounding the safety of public transit rise. Last month, Ipsos, a global marketing research firm based in France, surveyed first-time car buyers. 41% of new buyers surveyed had a […]
For the first time in a decade, bankruptcy filings are on the rise. Get more details from a Bloomberg blog called; “Bankruptcy Filings are Tiptoeing Higher. What’s Next?” Click here for the complete blog.
Artificial Intelligence (AI) is able to measure tone, tempo and other voice characteristics. Some systems compare those sounds to stored speech pattern libraries that define a plethora of human emotions to determine an individual’s emotional, mental or even physical health. When this sound technology is used in conjunction with computer vision, the science that allows […]
Last year, the US Postal Service entered into a contract with self-driving truck startup TuSimple to haul mail between Dallas and Phoenix. Founder, Xiaodi Hou says that this USPS pilot gives them fuel to help validate their system and expedite the technological development and commercialization progress. TuSimple completed five round trips between May 28 and […]
Descriptive analytics is a preliminary stage of data processing that creates a summary of historical data to yield useful information and prepare the data for further analysis. Descriptive analytics is sometimes said to provide information about the past or what happened. The vast majority of the statistics used today fall into this category. (Like sums, […]
Predictive analytics encompasses a variety of statistical techniques from data mining, predictive modelling, and machine learning, that analyze current and historical facts to make predictions about future or otherwise unknown events. Predictive models identify patterns found in historical or transactional data to identify risks and opportunities. Models capture relationships among multiple factors to allow assessment […]
Prescriptive analytics goes beyond predicting future outcomes by also suggesting actions to benefit from the predictions and showing the implications of each decision option. Prescriptive analytics not only anticipates what will happen and when it will happen, but also why it will happen. Further, prescriptive analytics suggests decision options on how to take advantage of […]
Automakers must invest in upgrades to the digital platforms within new cars. Earlier this year, BMW introduced a wireless service for some of its models. Just like regular software updates, the new service keeps the operating system up-to-date with the latest version. This new service includes an intelligent personal assistant that can be expanded automatically […]