Announcement from Topmarq Inc
Automotive technology platform Topmarq adds a new AI-powered search and notification service geared to help inventory managers find the right vehicles quickly.
Topmarq Inc announced the initial launch of a novel AI-powered vehicle acquisition tool that automatically searches the private party market and creates suggestions that fit a specific store’s preferences. This new tool makes it easier for dealer buyers to find, evaluate, and bid on private party vehicles thereby reducing costs associated with traditional acquisition solutions.
Despite pandemic-related issues subsiding, the automotive market has not yet returned to the normal people expected. Quality used inventory is still at an all-time low, while the top 10 dealers continue to grow their automated acquisition pipelines. This is why Topmarq offers any size dealership the ability to instantly build its own scalable and tech-powered acquisition initiative.
Private-party vehicle acquisition has always been a bit of a thorn in dealers’ sides given the complexity in the process, and many stores shy away from it or just ignore it completely due to their lack of familiarity with it. The benefits, however, continue to be significant. From higher quality vehicles, lower prices, and the opportunity to convert a new purchaser or service customer this channel can be highly beneficial.
Even newer services offering tools targeted at buying from consumers leave a lot to be desired. A major dealership I spoke with in Houston used a leading private party service, yet still needed 5 full-time agents to acquire just 100 vehicles a month” says Quinn Osha, CEO at Topmarq. “That human labor cost can more than double the actual service acquisition fees, which is why we focus on arming agents with AI tools to help them buy more vehicles faster.”
Unlike the traditional model of building a service business that simply extends a store’s in-house agent capabilities, Topmarq targets the manual bottlenecks in the workflow and solves them with technology. The new service pairs a patent-pending, AI-based vehicle condition extractor with a multi-channel private party vehicle finder to automatically identify potential deals to the user. Less time searching, analyzing, and tracking vehicles means more time speaking with potential sellers and more vehicles on the lot each month.
The new acquisition service is being offered as a limited launch with early dealer signups getting special exclusivity for a limited time. Request more information through our dealer portal.
Topmarq is a software tool for car dealers to buy vehicles from local private sellers through multiple channels to improve their bottom line. Easily buy cheaper inventory through consumer sales in an auction-like format. Its innovative seller pipeline management means dealers don’t waste time on lead chasing while sellers can schedule appointments directly with them.