myautoIQ's Customer Acquisition Solution Finds Buyers in Target Neighborhoods

myautoIQ’s Customer Acquisition Solution Finds Buyers in Target Neighborhoods

conquestIQ enables dealers to engage buyers with personalized messages and unique offers.

myautoIQ, a SaaS company providing AI and big-data-driven solutions for the automotive industry, announces the launch of conquestIQ. conquestIQ helps car dealers find potential buyers in their target area and reach them with highly personalized messages and unique offers, thus enabling car dealers to be in control of their marketing efforts and measure their ROI. 

The auto dealer market today remains reliant on the buyers finding the dealers. conquestIQ changes this equation by enabling auto dealers to find buyers in different stages of the car-buying journey and engage these buyers with personalized messages and unique offers. Instead of waiting for the buyer to reach out, conquestIQ gives car dealers the tools they need to be proactive with their customer acquisition and engagement. 

“We are offering true “conquest” capability to the car dealers that enable them to reach out to the right buyer at the right time with the right message,” says Vikrant Pathak, the CEO and chief data scientist of myautoIQ. “With today’s marketing and customer acquisition tools, car dealers’ first point of contact for the majority of their buyers is when the buyers walk into the showroom. conquestIQ advocates for a shift from traditional forms of marketing in the car industry to a personalized approach, thereby enabling our customers to connect with high-quality prospects they would otherwise be unaware of.”

conquestIQ uses machine and deep learning technologies to scan millions of data points, both nationally and locally, for buying patterns and preferences and builds behavior prediction models. Dealers use a simple guided interface to start their micro-targeted campaigns. Next, the prediction engine identifies, categorizes, and classifies potential buyers from thousands of prospects in the target area.

The prediction engine then identifies a list of the most likely potential buyers for the make and model or the type of car that the dealer wants to sell. This list is further refined by buyers who are actively shopping for a car. Once the list of high potential buyers is identified, myautoIQ matches the top three cars in the dealer’s inventory for each buyer and sends personalized offers by email, post, or both, based on the buyer’s auto preferences.

“Our first of its kind real-time AI-platform and the proprietary big-data universe brings in external data to auto dealer world and goes beyond the traditional equity mining solutions,” says Rohit Sharma, the CTO of myautoIQ. “Our customers like the simplicity of creating micro-targeted campaigns, the ability to target customers in specific zip codes, deliver messages through multiple channels and the ability to get engagement recommendations for every auto-customer.”

myautoIQ will demo conquestIQ at NADA 2020. Stop by booth #1328C for a demo.


You May Also Like

Tim Lamb Group Brokers Sale of Metro Toyota

The purchase of Metro Toyota marks Victory Automotive Groups’ 11th Toyota Dealership, previously owned by Jerry Schneider.

Photo credit: Metro Toyota

Steve Corle, director of the Plains Region for the Tim Lamb Group headquartered in Columbus, the largest auto dealership sales and acquisitions firm in North America, has brokered the sale of Metro Toyota in Ohio to Michigan based Victory Automotive Group.  Metro Toyota was owned previously by Jerry Schneider, sons Ken Scheider and Dan Schneider, Barry Greenfield and Jim Greenfield, sons of the late Dick Greenfield.  The dealership will now be called Victory Toyota of Brook Park. The dealership is located at 13775 Brookpark Rd, in Brook Park, Ohio.

Digital Custom Forms from Rapid Recon Simplifies Dealership Life

Digital documents are more secure and easier for personnel to find, and electronic storage ends paper document handling, physical storage and retrieval personnel.

Help Shape the Future of Dealership Technology

Your input is invaluable in understanding the evolving needs and preferences of automotive professionals toward emerging technologies.

Future Technology Survey
Honda North Receives the American Honda President’s Award

Honda North earns the Top Honda Dealership for the 16th time overall, an esteemed recognition of top Honda dealerships.

Rita Case Reaches Donations Milestone

The support highlights Rick Case Automotive Group’s ongoing commitment to the community and the American Heart Association.

Other Posts

Jeff Wyler Automotive Family Completes First 100% Online New Car Sale

This is the first U.S. dealership to offer a fully digital buying experience for new and used cars.

Ed Morse Automotive Group Acquires Illinois Dealership

Joining their roster as the seventh dealership in Illinois, this move signifies growth to over 2,500 employees and 49 locations.

Car Pros Honda El Monte Honored with Second Honda Masters Circle Award

Dealership recognized as one of the nation’s top 50 Honda dealerships.

CNA National Tops $28 Million in Dealer Distributions for 2023

Pay out reaches more than $712M in revenue from inception-to-date.