Market Overview

Vast Launches CarStory Insights to Transform the Future of Auto Sales

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Dealers Can Now Tap Predictive Analytics to Maximize Turn & Profits

CarStory,
the automotive AI platform from Vast,
today unveiled CarStory
Insights
, the first product to predict when cars will sell
and for how much. CarStory Insights builds on 12 years of data
and analytics expertise. Combining this with AI and machine learning,
CarStory Insights alerts dealers to issues on their lot before
they cost them profits. For the first time, dealers can use the power of
AI to sell cars at the right time, for the right price, maximizing
inventory turn and profit.

This Smart News Release features multimedia. View the full release here:
http://www.businesswire.com/news/home/20170919005204/en/

CarStory Insights Mobile App (Photo: Business Wire)

CarStory Insights Mobile App (Photo: Business Wire)

"With CarStory Insights, dealers can stop guessing and start
knowing," said John Price, CEO of Vast. "It not only predicts which
vehicles will cut into your profits, but also gives recommendations on
what steps to take next. There is nothing else like it on the market
today."

An expansion of CarStory's proven analytics and AI platform, Insights
constantly analyzes a dealer's lot to provide timely alerts, accurate
sales predictions and smart pricing recommendations. Instead of scanning
historical automotive data to make inferences on sales, Insights
uses predictive analytics to see the trends that are coming. As a
result, dealers are empowered to make more intelligent sales decisions,
increasing their efficiency by eliminating the need to constantly
monitor the market.

Dealers can pinpoint slow or fast turning vehicles in their inventory in
seconds—allowing more time to take the steps that mitigate a loss.
Features of CarStory Insights include:

  • Turn Drivers
    Highlights the vehicle features that help
    cars sell in a local market and compares those to every vehicle on a
    dealer's lot.
  • Smart Pricing
    Provides pricing recommendations based on
    how each price will change the days to sell.
  • Market Rank
    Provides a detailed comparison how each
    vehicle stacks up against the local competition.
  • Sales Alerts
    Get notified via phone or email whenever Insights
    detects an issue in the market or on your lot.
  • Instant Share
    Notifications can be easily shared with
    members of a dealer team.

CarStory Insights is available to select dealers today. If you
would like to get on the waitlist, please visit carstory.ai.

About CarStory

Powered by the industry's largest database of inventory and shopper
insights, CarStory uses artificial intelligence (AI) and machine
learning to help both consumers and dealers make confident decisions.
With a network of over 7,000 dealers nationwide, and touching over 15
million consumers a month, CarStory is the leading automotive analytics
platform in the industry. To learn more or sign up, visit: carstory.ai.

About Vast

Vast is the leader in Automotive Vertical AI for automotive industry,
applying domain knowledge, expertise and content to service
customer-acquisition, vehicle sales and data analysis. Vast's auto
platform, CarStory, supports a number of products including CarStory
Market Reports and CarStory.com. Founded in 2005, Vast is the premier
provider of automotive big data solutions for the largest brands in
automotive. Learn more at vast.com.

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