RedBumper Uses New Operating Platform
The provider of inventory management systems has rolled out what it calls a three-second operating platform. Officials claim the system's analytics tool can deliver a 30 to 35 percent increase in used-car performance.
DALLAS — Officials with RedBumper, LLC said the company’s inventory management system can do in three seconds what others can’t. The system can return faster downloads, and can deliver analytics and recommendations to help used-car departments perform better.
Auto dealers following RedBumper’s three-second recommendations are realizing 30 to 35 percent increases in used-car performance within 90 days of utilization, the company claims.
“We designed the system to be fast and extremely accurate,” said Bruce Thompson, CEO and founder. “We wanted to break the mold and do things differently. We tell our users to simply follow the recommendations. RedBumper does all the heavy lifting.
RedBumper’s system incorporates a hybrid methodology of historical and market-based algorithms.
Phil Smith, CEO of Phil Smith Automotive Group, has put all of its 13 rooftops on the program, while JD Blankenship of Day Automotive Group said his turn times were cut in half as volume and profit doubles.
“We just follow the recommendations and basically carry the system in our pockets because it’s on our smartphones as well,” Blankenship said.
More Digital
Zurich Launches Advisor IQ for F&I Manager Coaching
The new platform uses real transaction data and artificial intelligence-driven insights to help car dealerships improve consistency and performance.
Read More →
F&I in the Digital Age
Digital retailing has not made the F&I manager obsolete. If anything, it has revealed how valuable the role can become when technology is used correctly.
Read More →
Need for Speed: EV Apps Lack Consistency
Fifty-five percent of surveyed EV owners said their mobile applications had a major or moderate impact on their purchasing decisions, but connectivity issues remain a problem.
Read More →
Four Keys to Your Digital Trail Defense
Federal regulators are cracking down on hidden fees. This protective measure could mean the difference between winning and losing a lawsuit or surviving a duel with the Dark Side.
Read More →
Hyundai Hosts Tech Talent Forum
Technology leaders from Hyundai Motor Group will have open discussions at the inaugural HMG Tech Talent Forum on topics ranging from autonomous driving to 'smart' manufacturing.
Read More →
Dealers Seek Actionable AI
Dealers are facing growing frustrations with current generic artificial intelligence tools, according to a survey by Lotlinx, which found they want a solution that understands their inventories.
Read More →
Reahard & Associates Forges New Integration
The firm's F&I Insight tie-up with The Impact Group’s ImpactMenu platform is designed to enhance finance-and-insurance transaction recording for auto dealerships.
Read More →
Registration Open for Reynolds Amplify Retail Summit
Advancements with Reynolds' AI Agent, Rey, will take center stage this August at the Park Hyatt Aviara in Carlsbad, Calif., near San Diego.
Read More →
Automotive Training Academy by Assurant Grows Offering
A new Atlanta location on Reynolds and Reynolds' docuPAD e-contracting system is designed to broaden access for auto professionals.
Read More →
Assurant Debuts Virtual Solution for Dealers' Staffing Challenges
Company says on-demand access to F&I specialists is shown to boost dealership efficiency and profitability.
Read More →