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Dave Cantin Group uses AI to value dealerships

Howe, Gail Kachadourian

Automotive News, 2024-05, Vol.98 (7144), p.8

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Título:
Dave Cantin Group uses AI to value dealerships
Autor: Howe, Gail Kachadourian
Assuntos: Artificial intelligence ; Automobile dealers ; Automobile industry ; Business metrics ; Data mining ; Data transfer (computers) ; Financial services industry ; Financial statements ; Service enhancement ; Software ; Valuation
É parte de: Automotive News, 2024-05, Vol.98 (7144), p.8
Descrição: The software gives Dave Cantin Group a look at dealerships' metrics, including financials and sales performance, and allows the firm to compare stores with peers of any brand or location, in real time. Dave Cantin Group believes the tool is capable of generating financial numbers and metrics about individual auto stores across the country within 9 percent of dealerships' actual results, based on working with dealers who voluntarily shared financial data with the firm. George Karolis, president of Presidio Group, an investment banking and buy-sell advisory firm in Denver and Atlanta, told Automotive News that some data important for valuing dealerships, such as financial statements and proprietary agreements with automakers, are not publicly available.
Editor: Detroit: Crain Communications, Inc
Idioma: Inglês

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