CLEARWATER, Fla. — AutoLoop announced the newest addition to its comprehensive, end-to-end platform: TradeAi. Billed as an entirely automated trade-generation tool, TradeAi was designed to capture and communicate with dealerships’ best prospects to shorten and expedite the trade cycle and drive showroom traffic.
TradeAi combines the wealth of data within the dealership’s DMS with proprietary AutoLoop data to analyze a dealership’s customers daily, surfacing and then communicating to customers that are ready to buy. Once customers are engaged, TradeAi presents them with a customized, guaranteed purchase price on their existing vehicle from individual expert appraisers, then continues to monitor, retarget, and improve its customer engagement over multiple platforms to ultimately boost showroom traffic with trade-ready customers, all according to AutoLoop CPO Matt Rodeghero.
“As the only solution of its kind, TradeAi will provide significant benefits – both short- and long-term – to our dealerships,” Rodeghero said. “First, it’s fully automated, so there’s no learning curve. It’s a set-it-and-forget-it technology. Second, because most retailers already have a wealth of customers in their DMS that are definitely going to buy in the next 30 to 90 days, this tool can expedite that entire process. … This brings in more people ready to trade and creates a much smoother process overall. Plus, it reinforces to consumers that the dealer is tuned in to their needs and working with them to find exactly what they want.”
Originally posted on F&I and Showroom