Cars
Vehicle illustration

Adam was created based on 12 years of experience gained in selling cars in auctions. We have deep know-how in this industry. The main goals were to create a system that:

 

  • User-friendly and mobile-friendly
  • Decrease the need for employees to run auctions
  • Reduce time consumption for car dealers (uploading vehicles, setting up auctions, etc.)
  • Increase the satisfaction of buyers (easy registration, easy to find the desired car, easy to bid, automated bidding till the desired price)
  • Allow selling more (identify „hot“ customers, generate personal offers, dynamic packages from desired vehicles for every single buyer)
  • Automate auctions (automate auctions without human interaction)

 

After a deep analysis of needs and ways of implementation, we find out that there is only one way how we can achieve these goals. We need a system that is „clever“ enough to do a big part of operations themselves. That‘s how Artificial Intelligence (AI) came to our mind. Adam is the first SAAS auction platform for used vehicles empowered with AI. AI is a clever machine that is learning and getting better every day.

Here are some issues and questions vehicles sellers are facing which can be easily answered or solved by Adam AI:
What is the value of the vehicle?

Working without Adam. Simple question. Google it. Check a few sites selling cars and will come back with the answer in about 5 – 10 minutes.

 

Working with Adam. Don‘t spend time on research. Adam has a special AI engine that is following market trends and prices 24/7. Vehicle valuation is based on the currently used car values of the vehicles offered for trade on the Internet every day.

 

On this basis, the dealer receives a reliable and market-driven vehicle price immediately.

What are the chances to sell it more expensively?

Working without Adam. Simple question. Let‘s increase the price and see how it goes in a few weeks.

 

Working with Adam. Adam’s AI engine can provide four prices with a probability of selling vehicles of 25%, 50%, 75%, and 90% right now. It predicts the likelihood to sell a specific vehicle for a specific price based on market trends. Dealers can decide which price they should choose and if they are rushing to sell vehicles, they will save a few weeks which could be wasted for experiments.

How Adam can help to sell specific vehicles faster?

Working without Adam. Easy. Just cut the price and spend more to advertise.

 

Working with Adam. Personal offer. Adam has a special AI engine which is identifying the specific needs of every single buyer. It follows their action in the system, watching their choices, and checking their history, and based on this information AI can advertise vehicles that they are looking for. This means buyers will find cars faster, with less effort. Dealers shouldn‘t cut prices and have no additional budget for advertising, raising, or highlighting ads.

How Adam can help to cut costs?

Working without Adam. Cut costs? No problem. Here are a few standard solutions: hire less skilled employees, cut the marketing budget, and reduce the number of employees. But will it give you a positive outcome in sales? We have doubts. Unless you will start using the latest technologies.

 

Working with Adam. Adam has a special AI engine called Customer status prediction. Customers’ status prediction engine is tracking the activity and historical data of each buyer and is able to identify when the buyer is „cold“, „warm“ or „hot“. Based on this information your managers or marketing campaigns can reach these customers with special offers to encourage them to buy. How does it save time? Your managers spend their time dealing only with warm or hot customers which reduces their load by at least 50%. It means you need fewer managers. It‘s possible to automate communication with buyers having different statuses. Again, it saves time for managers and the marketing team. Adam is also able to predict customer status changes during the next 3 weeks. This prediction allows dealers to identify buyers who are not satisfied and prevent them from losing them or find out the reasons why buyers are not satisfied. And again, it allows for planning different activities with buyers having different statuses. It saves time for managers and makes the sales process way more efficient.

 

Full automation. Adam allows dealers to automate their selling process fully. It means Adam via integration can take vehicles from desired „garage“ or „warehouse“ (from ERP, or other solutions), calculate target pricing according to provided formulas, and upload selected vehicles to auction on a preset date and time. Each auction can have preset rules. No human interaction is needed after everything was set.

 

Decrease the number of employees to 0 and employ AI. This allows for sustaining the same level of proficiency and even increasing expertise. Reduce costs for attracting new buyers by preventing existing ones from leaving.

 

 

How Adam can help to sell more vehicles in a shorter period?

We call it dynamic packaging. Adam allows buyers to choose their own bundles or packages of vehicles they desire and make a bid for them. They are free to choose any car and any number of cars. If you have a few buyers who are picking their own bundles or packages of vehicles, you will have a situation when the same vehicle appears in different bundles. So how you should know to which buyer you should sell it? It‘s an easy task for AI. AI will prepare you a list of options and it‘s up to you to decide whether are you willing to gain the biggest profit or you want to choose the option where you will sell most of the cars or something in between. AI will calculate how many cars you are selling in each option and what profit will be earned.

 

AI will create personal offers for every single buyer which will save a lot of time for them and allows them to find more desired cars.

 

Customers’ status prediction engine is tracking the activity of each buyer and is able to identify when the buyer is „cold“, „warm“ or „hot“. Based on this information your managers or marketing campaigns can reach these customers with special offers to force them to buy. Adam is also able to predict customer status changes during the next 3 weeks. This prediction allows dealers to identify buyers who are not satisfied and prevent them from losing them or find out the reasons why buyers are not satisfied. And again, it allows for planning different activities with buyers having different statuses. It saves time for managers and makes the sales process way more efficient.

 

Prevention. AI can identify risky activities and prevent ruined auctions or cancelations. Less ruined auctions and cancelations – more sold vehicles. What is a risky activity? Overriding, mistyping, and others. AI will notify managers about such activities and managers will accept or decline these risky bids.

 

„Buy it now“ option. Dealers are able to set the price „Buy it now“ for which they agree to sell the vehicle straight away.

 

„Calendar“ enables buyers to see a clear schedule of future auctions. Knowing the schedule, they can plan their cash flow and time more precisely.

 

„Alerts and notifications“ enable dealers to remind their buyers about all ongoing or future auctions, personal offers, discounts or to share other information.

 

 

 

 

How Adam can help to maximize profit?

It‘s always possible to use dynamic packaging with the option „max profit“ which allows to sell only the most profitable packages or have desired balance between the amount of sold vehicles and profit.

 

Personal offer AI engine allows finding the buyer which is badly looking for such vehicle and is ready to pay for it. Functionality increases competition by announcing the desired vehicle for buyers looking for such vehicles which directly increases the prices of vehicles.

 

Customers’ status prediction engine will increase sold vehicle numbers and reduce the number of managers and cut workforce costs. Moreover, it allows preventing from losing potential buyers which means less money is needed to attract new buyers.

 

 

 

How Adam can help to automate the whole sales process?

Full automation. Adam allows dealers to automate their selling process fully. It means Adam via integration can get vehicles from desired „garage“ or „warehouse“ (from ERP, warehouse management, or other solutions), calculate target pricing according to provided formulas, and upload selected vehicles to auction on the presented date and time. Each auction can have preset rules. No human interaction is needed after everything was set.

 

Stability and reliability

100% meeting GDPR requirements.

A system composed of different microservices.  This means increasing the cloud could be easily handled and it won’t affect the stability of the system.

Your data is safe. Adam has a separate database for each customer.

GET DEMO
Your name *
Company name
Phone *
Email *
Message
Invalid fields
Please fill in all required fields
Message send
Get demo
Start trial