Austin-based Topmarq Inc has announced the beta release of a novel car dealership analytics platform aimed at revolutionizing the consumer journey for car buyers. The platform leverages AI and data to provide unique insights, allowing buyers to find dealers in their area and discover actionable information about available vehicles.
AI platform to revolutionize car buying
In response to the outdated and trial-and-error approach of current car buying solutions, Topmarq Inc has developed an AI-based analytics platform. This unique service allows consumers to search for dealers based on actionable insights, such as average vehicle prices and model specialities. According to Autotrader, 78% of car shoppers use 3rd party sites to find their future vehicles. Despite this massive adoption rate, current car buying solutions remain largely ineffective for people who are new to the industry.
Unique insights make car search easy
The new platform extracts and analyses unique specialities of thousands of dealers nationwide using the OpenAI API. Topmarq then allows buyers to search based on generic categories, such as dealerships with a heavy crossover focus. Paul Weitz, CEO of Hi-tech motorcars, is an advisor for Topmarq, which is led by CEO and founder Quinn Osha, a Caltech graduate and former engineer at Axon.
Topmarq’s limited public beta launch
The new service is being released as a limited public beta and is currently focused on Texas area dealerships. For someone looking for a truck but unsure which model, Topmarq recommends dealers like Lone Star Chevrolet and Robbins Chevrolet, which sell vastly more pickups than anything else. By providing unique insights like this, the search process becomes much easier for new car buyers.
In conclusion, Topmarq’s new car dealership analytics platform provides a unique and simple way for car buyers to find the information they need. The platform’s AI technology and actionable insights help set it apart from current car buying solutions, which remain largely ineffective for those who are new to the industry.