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Lotlinx
Move Metal Faster With AI-Powered Auto Dealer Inventory Management Software

Lotlinx
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What is Lotlinx?

Lotlinx provides an advanced automotive inventory management software solution designed for auto dealers, leveraging the power of Artificial Intelligence (AI) and machine learning. This platform offers deep insights into customer demand, inventory risk, media consumption, and market trends, enabling dealerships to operate more efficiently and profitably. It helps businesses stay ahead by making smarter promotional decisions, pricing vehicles with precision, and procuring inventory more effectively. The system aims to minimize risk while maximizing profits by predicting inventory carryover and providing VIN-specific corrective actions.

By analyzing real-time data, including 163 variables of inventory data, consumer shopping behavior, and market demand, Lotlinx empowers automotive professionals to run data-driven operations. Its VIN-specific technology identifies the right buyer for each car, significantly increasing VIN promotion coverage compared to competitors. This leads to faster inventory turnover, reduced days on lot, fewer markdowns, and increased gross profit per unit, ultimately helping dealerships meet their monthly profit goals and enhance market share.

Features

  • AI-Powered Inventory Management: Utilizes AI and machine learning to optimize dealership inventory.
  • Data Intelligence: Tracks 163 variables of real-time inventory data, consumer behavior, and market demand.
  • Risk Prediction & Mitigation: Predicts inventory risk and carryover, providing VIN-specific corrective actions.
  • VIN Manager (IDP): Offers an Inventory Data Platform with actionable insights on traffic, demand, risk, and pricing.
  • Machine-Driven Packages: Combines comprehensive data with AI-powered media to accelerate vehicle sales.
  • Profitability Enhancement: Aims to reduce days on lot by 7-10 days, avoid markdowns, and save approximately $1,500 on gross profit per unit.
  • Increased VIN Coverage: Promotes significantly more VINs (claiming a 300% increase) compared to competitors.
  • Market Clarity: Provides deep insights into market trends and customer demand for informed decision-making.

Use Cases

  • Optimizing auto dealership inventory turnover.
  • Improving dealership profitability through data-driven insights.
  • Managing inventory risk and reducing vehicle carryover.
  • Pricing vehicles accurately based on real-time market demand and risk assessment.
  • Implementing VIN-specific marketing strategies to target motivated buyers.
  • Making informed decisions regarding vehicle procurement and acquisition.
  • Increasing gross margins per vehicle sold by minimizing holding costs and markdowns.

FAQs

  • What does Lotlinx Do?
    Lotlinx leverages Artificial Intelligence (AI) and Machine Learning (ML) to help auto dealerships manage the profitability of their inventory. Its auto dealership inventory management software uses a robust proprietary data set to help reduce days on lot, increase margins, and mitigate inventory and advertising spending risk.
  • What does it mean to leverage the Lotlinx AI?
    Lotlinx employs AI machine learning technology that precisely predicts the optimal VIN-specific acquisition and inventory turn based on every car in your inventory. It leverages over ten years of big data, automotive industry market analytics, AI, and machine learning within its vehicle inventory management software.
  • Why would a dealership need Lotlinx?
    A dealership needs Lotlinx for operational control of their inventory regarding days on lot, pricing, and margins. The platform provides complete visibility of necessary information on every vehicle, demonstrates potential risk, outlines market demand, and identifies which vehicles need promotion and when.
  • Is Lotlinx an advertising platform or a data platform?
    Lotlinx functions as both but is fundamentally an inventory management platform. It uses AI and machine learning to capture comprehensive inventory data and track automotive consumer shopping and buying behavior patterns. This allows it to match the right VIN to the right buyer, leading to faster inventory turnover and sales with higher margins.

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