With AI solutions, lenders achieve automation at scale efficiently, while reducing costs. The solutions also reduce manual processes, support compliance and quality, mitigate risk and deliver significant cost savings.

It’s crucial to strike a balance between stocking sufficient inventory to meet demand and avoiding overstocking, which can lead to financial strain.

As EV technology evolves, manufacturers may discover issues that warrant safety recalls, placing the onus on dealerships to address these issues promptly with the end consumer.

“Industrywide performance improved substantially,” Pied Piper’s Fran O’Hagan says of responsiveness to customers' online inquiries.

Speakers at NADA’s Auto Forum tackle high inventories, low gross profit concerns.