AUSTIN, Texas--(BUSINESS WIRE)--CarStory, the automotive AI platform from Vast, today announced general availability of CarStory Analytics, the AI platform that powers CarStory Market Reports, CarStory Insights, CarStory Leaderboard and the CarStory Marketplace.
"The market is rewarding companies that deliver answers, not just information," said John Price, CEO of Vast. "Our suite of CarStory Analytics gives partners the market and vehicle insights they need to create more valuable solutions for their customers.”
These Analytics continue to fuel the adoption of the CarStory Platform. The industry leading CarStory Market Reports are now live on more than 10,000 dealer websites, the largest deployment of its kind. In addition, OEMs such as Volkswagen and Hyundai rely on these reports to fuel the sale of CPO vehicles.
CarStory Analytics provides insight across a wide range of areas including:
Price transparency and analysis are more important than ever. With 50,000+ pricing models, our pricing analytics analyze a vehicle against the local market to find the best deal. In addition to the detailed analysis, deal summaries are rolled up into specific pricing badges that includes Great Deal, Good Deal and Fair Price.
Feature analytics highlight which features are in high demand, on a specific VIN, in a local market. Beyond demand, the analysis also uncovers which features add value to the car, helping to explain what makes each used vehicle unique.
Local consumer demand is another powerful insight. The demand analytics cover popular models, colors, listings and also highlight when demand will cause a vehicle to be a fast seller.
When it comes to used cars, condition is second only to price. The condition analytics examines mileage and reconditioning to give customers a view of how each vehicle compares to the local market.
Using computer vision and machine learning, we automatically tag images to allow sorting on consumer web experiences. Research shows that by placing images in the order consumers want to see them increases lead conversion by 13 percent.
To learn more about CarStory Analytics or CarStory Market Reports, please visit www.carstory.ai/marketreports.
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.
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.