EpicVIN Offers Auto Dealers Predictive Tool to Face Challenges

EpicVIN Offers Auto Dealers Predictive Tool to Face Challenges

Based on the problems the dealerships face, EpicVIN developed a predictive tool, driven by high-quality and reliable data, that offers a forecast to empower auto dealers to make informed inventory decisions on pricing and time on the lot.

EpicVIN announced that after conducting an extensive analysis and surveying hundreds of dealers, the company has developed a cutting-edge product specifically tailored to address the challenges dealerships encounter. This innovative solution’s launch, designed to cater to dealers’ needs, is set to be announced soon, but EpicVIN is offering dealers complimentary six-month access, allowing them to experience all the benefits it offers.

Data is at the core of EpicVIN’s business operations, and the quality and reliability of data is critical to its success. When enhancing its dealerships program, EpicVIN was able to find what concerns dealers the most and what tools they utilize most frequently. A survey among a large number of dealers identified the following key issues they face:

  • significant amount of time spent on inventory selection
  • challenges understanding which inventory to buy and predicting which will sell better
  • high expenses related to maintaining inventory selection and car procurement staff

Based on the problems the dealerships face, EpicVIN developed a predictive tool, driven by high-quality and reliable data, that offers a forecast to empower auto dealers to make informed inventory decisions on pricing and time on the lot. The valuable, price analytics tool evaluates suggested buying prices based on availability, market price fluctuations, and time from list of sale. 

Dealerships gain many benefits from using EpicVIN’s data analytics and predictive tool including:

  • identifying the inventory that is most likely to sell well in terms of profitability and turnaround time
  • accelerating the vehicle selection process
  • ability to optimize inventory management and pricing strategies
  • enhanced decision-making processes
  • enhanced strategies in identifying new prospects
  • providing better, more personalized customer experiences
  • optimizing the resources allocated to the individuals responsible for purchasing and sourcing vehicles
  • advantages in online marketing

EpicVIN will share their experience as a featured speaker at the Driving Sales Executive Summit on Sept. 12-13 in Las Vegas. Dealerships are encouraged to attend EpicVIN’s presentation on the “The Future is Now: How Data, Personalization, and AI are Paving the Way for a Revolutionary Car Buying Experience” to learn more on how data is revolutionizing the auto industry.

To be the first to try EpicVIN’s new innovative tool for free for six months, contact the support team at [email protected].

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