In his latest contribution to DealerELITE, Len Short of Lotlinx lists five ways dealers are using predictive modeling, a core aspect of AI, to improve efficiency and make more accurate forecasts and data-driven decisions.

“Predictive modeling is now viewed as a foundational tool in this modernization era, combining historical data with real-time signals from across the dealer ecosystem,” Short writes. “It’s important for dealers to utilize predictive modeling to anticipate challenges before they materialize — and act proactively to maintain profitability and a competitive edge.”

Short’s post, “How Predictive Modeling Is Advancing Dealer Operations and Profitability,” details a proactive approach to team-building, pricing and inventory decisions, staff and resource streamlining, bottleneck targeting and more.

Read more at DealerELITE