Four years after COVID emerged, vehicle prices are easing down amid some supply kinks, electric vehicle uncertainty, rising operational costs, and AI potential.
Auto rental companies that have adopted AI-based damage assessment technology see sizable decreases in vehicle downtime and much more customer satisfaction.
The inspection technology closely combs a car’s exterior during the check-in and check-out process and generates a complete damage report within seconds.
The product leverages artificial intelligence and computer vision technology to provide a virtual overlay of any exterior damage detected on a vehicle, making it easier to spot hail, paint peel, detached panels, broken lights, rust, scratches, dents and cracks.
The fast-moving merger of digital and smart technologies is leading to more accurate vehicle inspections, thereby reducing liability, disputes, and losses for remarketing and rental car businesses.
Big data analytics, coupled with innovative technology solutions, are revolutionizing the car rental industry, helping companies drive efficiency, profitability, and growth.
CAR 2023: Two experts share the latest insights and observations on how digital processes and data are revamping the resale of used vehicles.
Mike Albert Fleet Solutions has increasingly applied data from predictive analytics, AI, and telematics to deliver actionable insights for fleets.
ChatGPT and regenerative artificial intelligence could develop endless ways to enhance, transform, and repurpose how the automotive sector operates. And it says we won’t die.
94% of surveyed business leaders view AI as critical to their success over the next five years, and that’s particularly true for auto remarketing.
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