Beyond just misleading, limited data can harm your business. Market analyst, Gartner, found that 27% of the data in the Fortune 1000 companies is considered flawed, which they defined as inaccurate, incomplete, or duplicated. According to their research, poor quality data leads to high costs, a high customer turnover rate and excessive expenses. IBM estimates that bad data costs the US economy roughly $3.1 trillion dollars each year. They also found that 1 in 3 business leaders don’t trust the information they use to make decisions. Experian Data, in a separate study, determined that flawed data impacts the bottom line of nearly 90% of all American companies.Read More
Aug 31 2021
Jul 28 2021
VIN barcode scanners are a great feature for many apps in the automotive space, especially for business processes such as scanning in inventory or fleet assets, looking up the specs on a vehicle at auction, or an insurance adjuster resolving claims.Read More
May 18 2021
Vehicle data and VIN decoding solutions are widely used across the automotive industry and are the foundation for many businesses. Some of the more common use cases are basic vehicle identification (year, make, model, trim, etc.) or VIN explosion, as covered in the preceding article. However, there are some less obvious uses for vehicle data/VIN decoding that may come as a surprise to you, such as the following:Read More
May 18 2021
There are countless ways in which vehicle data/VIN decoding can be leveraged within a business. And while each business’s use case(s) are different, there are common vehicle datasets that are needed to accomplish their goals.
In this article, we’ve covered some of the most common uses of vehicle data.Read More
Apr 1 2021
Understanding how VIN numbers work and what vehicle data can be extracted from them is a challenge, even for auto industry professionals that are familiar with VIN data. We thought it would be helpful to put together a list of common misconceptions for anyone looking for a vehicle data solution, as there’s a good chance at least one of these will resonate with you.Read More
Mar 16 2021
Vehicle subscription services started to surface in 2017 and are now available through a few manufacturers, some dealers, and several third parties including startups and vehicle rental companies. Given the diversity of businesses and level of variability in their business models, understanding how vehicle subscription services work requires a good deal of research.Read More
Mar 2 2021
Advanced Driver Assistance Systems (ADAS) technology is confusing for consumers and businesses alike. While there are core ADAS features that can function similarly across each OEM, such as forward collision warning, lane keeping, or blind spot monitoring, each OEM offers their unique spin on the different technologies and markets them differently with their own branded names.Read More
Jan 15 2021
While parts and accessories sales are one of the most profitable revenue streams for your dealership (along with fixed ops), it’s a highly competitive market, especially online. Online part sales are a multi-billion dollar business ($12 billion in 2019, ~$16 billion in 2020), largely dominated by retail giants like Amazon and eBay, along with major aftermarket parts retailers (Auto Zone, O’Reilly, Advanced Auto Parts, etc.)
According to Hedges & Company, in 2019, Amazon sold $8 billion in parts ($5.3 billion 1st party sales), accounting for 2/3 of all online parts sales in the US. And as of the latest study, they were on track to pass $10 billion in 2020. These numbers may be intimidating, but there is still room for your dealership to have a successful online parts business.Read More
Topics: Parts & Services
Dec 17 2020
While it’s no surprise that ADAS (Advanced Driver Assistance Systems) has taken the auto industry by storm, there are still many uncertainties when it comes to how your business will be impacted. There are several benefits to these new features, including increased safety and convenience for drivers, and concerns, such as costly repairs, making ADAS a very complex topic that even those selling, insuring, and repairing these features will require clarification on.
In this article, we’ve covered how some auto industry segments have been impacted by ADAS. Read on to learn more.Read More
Dec 15 2020
This post was updated Dec 2020 with the latest VIN number statistics
Determining the type of transmission installed in a vehicle from VIN alone has traditionally been a challenge. Through the 1990s and even well into the 2000s, most vehicles were offered by OEMs with both manual and automatic transmission options. And, while the NHTSA VIN standard requires OEMs to encode model and engine information into positions 4-8 of the VIN, no requirement exists for encoding transmission type. Even today, while most vehicles are offered with only an automatic transmission, more than 5% of vehicles produced for current model years have standard and manual options available and do not have transmission data encoded in the VIN.
This article explores four common questions about VIN decoding transmission data, and provides suggested solutions for increasing the match rate of decoded transmissions in your inventory or data feed.