It’s always amazing spending time with my friends at JM Family Enterprises, Inc. & JM&A Group. Every organization should have a goal to emulate their culture, people and processes. On this podcast, we dug into some interesting topics: • Only 35% of auto transactions include a trade-in, but over 70% of consumers had a vehicle to trade-in. 🚙 • Where are all these trade-ins going? 🚘 • Why are we so hesistant to provide accurate trade-in values, and how much is the true cost to dealers to make a choice of being more transparent with that information? 💲 • What are the potential data security risks for dealers when using AI tools like ChatGPT or Google Gemini when analyzing dealers’ financial and/or customer data? 📊 • Why does it seem like used vehicle competitive sets in their used vehicle inventory management tools are not showing all the available vehicles for sale online? 🤔 #cars #car #auto #dealer #dealership #ai #usedcars #podcast
New Episode Just Released: Protecting Your Dealership Data with Brian Kramer! Brian, EVP of Dealer Growth & Success at Cars Commerce, joins The Walk Around podcast and discusses: → Data privacy → Vehicle trade-ins → The trends he's paying attention to this year - and more! 🎙️ Watch/listen now: Spotify: https://hubs.li/Q03cBqWG0 Apple Podcasts: https://hubs.li/Q03cBrpp0 YouTube: https://hubs.li/Q03cBrmz0 Our website: https://hubs.li/Q03cBqC-0 Hosts: Marc Spoto and Jonathan Jordan #jmagroup #TheWalkAround #autoindustry #automotive
It's fascinating to see the disconnect between consumer behavior and intent when it comes to trade-ins; transparency could be the key to closing this gap. Addressing the hesitancy in providing accurate trade-in values could potentially reduce costs for dealers and build trust with customers. Additionally, the deployment of AI tools in dealership processes, like ChatGPT or Google Gemini, must balance innovation with stringent data security measures. How can dealerships effectively integrate AI technologies while safeguarding customer data?
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Ari Pranckute you see that not only me like jm&a also Brian Kramer
Brian, it was a pleasure to have you on The Walk Around podcast again! Thank you for sharing your insights and advice with our listeners! 🚘
Productizing Creativity @ Freddy Media
4d35% of transactions having a trade seems so so so low. I always operated under the assumption there was something in their driveway they weren’t telling me about and I would pull cars into deals all the time to piece it together. Best way to win on price payment or anything is pull in the trade