John Sternal's Blog (456)

CerebrumX Industry Survey Highlights Where Cost Reductions Are Being Realized for Fleets Leveraging Connected Vehicle Data

DETROIT – December 14, 2023 - CerebrumX Labs Inc. (CerebrumX), a leading AI-driven automotive data management company, announced today results of a recent industry survey designed to take the pulse of fleet business leaders who have begun to utilize Artificial Intelligence (AI) connected vehicle technologies, and what type of results and/or cost savings they have identified for their operations.

 

CerebrumX presented an online survey to more than 2,000 fleet…

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Added by John Sternal on December 14, 2023 at 11:35am — No Comments

How Auto Retailers Are Leveraging Advanced Connected Vehicle Data for Optimized Lot Management Solutions

For many years, auto dealerships have constantly adjusted inventory expectations due to shifting supply chain constraints and lot management challenges. These constraints have impacted vehicle acquisition, parts sourcing and transport of new vehicles. Fleet allocations will only continue to grow, and it is important for fleets and auto retailers to identify new solutions via advanced connected vehicle data to maintain profits and customer expectations.

 

Fleets &…

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Added by John Sternal on December 5, 2023 at 10:58am — No Comments

CerebrumX and Guidepoint Systems Join Forces to Leverage Embedded Vehicle Data for Fleets and Dealership lot Management

Guidepoint Systems will use the CerebrumX embedded telematics data platform to help fleet companies and auto dealers optimize their front-line operations by making it easier and more efficient to track their inventory, as well as locate vehicles/keys and more.

NOVI, Mich., Nov. 8, 2023 -- CerebrumX Labs Inc. (CerebrumX), an AI-driven…

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Added by John Sternal on November 8, 2023 at 9:26am — No Comments

34% of Dealers Still Lost Concerning Certain Key Components of Safeguards Law Compliance

Over the last few years there has been plenty of chatter about the new Safeguards law that went into effect earlier this year. As has been widely reported, the law requires auto dealerships to obtain clear and informed consent from website visitors before collecting and using their personal data, among many other components to the legislation and new requirements.

 

However, there are finer details of the new Safeguards law that many dealers still have yet to comply with.…

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Added by John Sternal on November 7, 2023 at 9:39am — No Comments

WOLTERS KLUWER THIRD QUARTER AUTO FINANCE DIGITAL TRANSFORMATION INDEX SHOWS DIGITAL ADOPTION RATE MIRRORING AUTO SALES

WOLTERS KLUWER THIRD QUARTER AUTO FINANCE DIGITAL TRANSFORMATION INDEX SHOWS DIGITAL ADOPTION RATE MIRRORING AUTO SALES

 

Macro Picture Shows Large Jump In Digital Adoption; Securitization Markets Also Seeing Notable Increase in Third Quarter

 

NEW YORK – October 30, 2023 – Wolters Kluwer, a global leader in professional information, software solutions and services, announced third quarter results and analysis from its…

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Added by John Sternal on October 30, 2023 at 12:58pm — No Comments

Exploring the New Right to Repair Pact: Balancing OEM Concerns and the Needs of Automotive and Commercial Vehicle Repair Shops

As July marked Right to Repair Awareness Month in the automotive aftermarket, there hasn’t been a better time than now to spread awareness about the importance of preserving Americans’ right to repair their vehicles, especially as congress continues to debate the necessity of the federal Right to Equitable and Professional Auto Industry Repair (REPAIR)…

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Added by John Sternal on August 11, 2023 at 3:30pm — No Comments

WOLTERS KLUWER SECOND QUARTER AUTO FINANCE DIGITAL TRANSFORMATION INDEX SHOWS DIGITAL ADOPTION RATE UP SLIGHTLY

WOLTERS KLUWER SECOND QUARTER AUTO FINANCE DIGITAL TRANSFORMATION INDEX SHOWS DIGITAL ADOPTION RATE UP SLIGHTLY

 

Budgetary Pressures Setting In for Digital Adoption; Lenders Realizing Importance of Digitizing the Entire Transaction Process

 

NEW YORK – August 2, 2023 – Wolters Kluwer, a global leader in professional information, software solutions and services, announced second quarter results and analysis from its Auto…

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Added by John Sternal on August 2, 2023 at 2:40pm — No Comments

CerebrumX Industry Survey Highlights Challenges That Remain For Insurance Companies In Leveraging AI Analytics Data

CerebrumX Industry Survey Highlights Challenges That Remain For Insurance Companies In Leveraging AI Analytics Data

 

Most Executives Say They Don’t Have Access To Resources That Help Collect Data From Disparate Sources

 

DETROIT - July 11, 2023 - CerebrumX Labs Inc. (CerebrumX), a leading AI-driven automotive data management company, announced today results of a recent industry survey designed to take the pulse of…

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Added by John Sternal on July 11, 2023 at 1:38pm — No Comments

Pioneer announces Investment into CerebrumX and Strategic collaboration to jointly expand Mobility Services business globally

Pioneer Corporation, a global market leader in mobility products, announces its decision to invest in and form a business alliance with CerebrumX Labs Inc. (CerebrumX), a leading AI-driven automotive data management company, to accelerate the growth of its mobility services business.  

 

Pioneer and CerebrumX have also entered a strategic partnership, committed to developing innovative, data-driven mobility services, including connected services for OEMs and after-sales service…

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Added by John Sternal on June 5, 2023 at 10:50am — No Comments

PURECARS DEALER SURVEY REVEALS OPPORTUNITIES FOR DEALERS TO BETTER MAINTAIN, CAPITALIZE ON FIRST-PARTY DATA

ATLANTA – (May 2, 2023) – PureCars, the leading customer data and marketing platform for automotive dealers, announced today new data and insights regarding dealers’ knowledge of third-party cookie deprecation, customer database health, and using first-party data for targeted marketing, as well as familiarity with Customer Data Platform (CDP) technology.

 

PureCars commissioned an online survey to retail executives in March 2023. The respondents represented…

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Added by John Sternal on May 2, 2023 at 9:39am — No Comments

Industry Survey Finds Consumers Want More Online Videos When Car Shopping But Few Dealers Today Are Actually Offering Full-Motion Video

Dealer Image Pro Assesses State of Dealership Video Merchandising In 2023

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Added by John Sternal on April 17, 2023 at 12:39pm — No Comments

Industry Survey Shows Continued Disparity In Dealers’ Importance of Quality Online Photos Compared With Consumers’ Importance Of Visual Buying Needs

Dealer Image Pro Evaluates State of Dealership Photo Merchandising In 2023 …

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Added by John Sternal on March 9, 2023 at 9:30am — No Comments

How The Super Bowl Spawned New Video Creativity Within the Automotive Industry

Now that this year’s Super Bowl is officially behind us, it’s safe to say the TV commercials shown throughout were as highly viewed as the game itself, in which advertisers showed their commercials to an audience of 113 million, the biggest in the past six years[1].

Whether it was comedian Will Ferrell pitching public acceptance for electric vehicles (EVs) on behalf of GM or…

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Added by John Sternal on March 1, 2023 at 8:00am — No Comments

How dealers and their partners can build the right omni-channel experience using seamless and effective verification tools

The U.S. economy entering 2023 is much more strained compared to even the early days of the pandemic just a few short years ago. Inflation continues to affect U.S. retail and automotive shoppers, with ongoing fears of a recession this year. Vehicle prices are still extremely high and now there’s even talk of gas prices rising again.

 

However, auto retailers and their lender and OEM partners continue to push forward, knowing that despite the economic pressures and higher prices…

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Added by John Sternal on February 21, 2023 at 1:57pm — No Comments

Dealer Image Pro Industry Survey Shows Nearly Half of Automotive Dealers Are Not Satisfied With Their Automotive Merchandising Preferred Vendors

Preferred Vendor Debate Becomes a Hot Automotive Industry Topic In 2023 …

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Added by John Sternal on January 23, 2023 at 1:00pm — No Comments

PURECARS GROWS EXECUTIVE LEADERSHIP TEAM BY APPOINTING BRYAN URROZ AS CHIEF FINANCIAL OFFICER; MATTHEW GRONER AS CHIEF PRODUCT OFFICER

PureCars, the leading provider of digital marketing technology and services for automotive dealers, has announced the appointments of Bryan Urroz as Chief Financial Officer and Matthew Groner as Chief Product Officer.

Bryan Urroz has spent much of the last decade in private accounting roles for companies ranging from mid-market to large global businesses. His comprehensive skill set gives him the ability to successfully navigate complex business environments, including strategy,…

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Added by John Sternal on January 9, 2023 at 10:21am — No Comments

WOLTERS KLUWER INDUSTRY SURVEY SHOWS WHERE AUTOMOTIVE AND AUTO FINANCE PROFESSIONALS ARE MAKING PROGRESS IN ADOPTING DIGITAL TOOLS

WOLTERS KLUWER INDUSTRY SURVEY SHOWS WHERE AUTOMOTIVE AND AUTO FINANCE PROFESSIONALS ARE MAKING PROGRESS IN ADOPTING DIGITAL TOOLS

While eSignature and eContracting Technologies Becoming More Widespread, Digital eVault Tools for Securitization & Collateralization Now Major Focus for 2023

 

NEW YORK – December 8, 2022 – Wolters Kluwer, a global leader in professional information, software solutions and services, announced…

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Added by John Sternal on December 8, 2022 at 11:37am — No Comments

How Window Sticker and Buyer's Guide Generation Solutions Can Streamline the Automotive Retail Process

When browsing for a new or used vehicle at a dealership, the first thing consumers tend to examine is the window sticker and buyer’s guides on the vehicle’s window. Especially with window stickers being required for new vehicles under the Automobile Information Disclosure Act of 1958[1] and buyer’s guides being required for used vehicles under the Federal Trade Commission’s (FTC) Used Car Rule…

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Added by John Sternal on December 8, 2022 at 9:31am — No Comments

How Automotive Investors Can Access Better Transparency In Their Due Diligence

Getting sued is an automotive company’s worst nightmare. Litigation isn’t just a problem because it consumes a lot of time and adds to executive stress levels, it can also be extremely expensive, too. Billable hours for top litigants can exceed $500 per hour, and each lawsuit can cost hundreds of thousands of dollars, too. 

 

But lawsuits happen, good or bad. And it’s important that shareholders, investment firms and those…

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Added by John Sternal on December 1, 2022 at 10:00am — No Comments

Why your next new sale should probably come from the service garage – and how to make it happen

For years, dealers have been using increasingly sophisticated marketing data and technologies to aid in their equity mining and conquesting efforts. But today, leading retailers have found an even more competitive edge by leveraging data and resources that combine the powers of equity mining in the service lane.

 

Combined with solutions that include equity calculators, smart dealers are now easily integrating credit-first soft-pull tools into their daily workflows to build…

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Added by John Sternal on November 2, 2022 at 10:36am — No Comments

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