CarEdge CEO on AI shopping tools raising the stakes for dealer pricing transparency

The CEO of CarEdge, a company providing AI shopping tools, has stated that these tools are raising the stakes for dealer pricing transparency. This implies that dealerships will need to be more open about their pricing in order to remain competitive. The statement was made in an interview with CBT News, where the CEO discussed the impact of AI on the automotive industry.

This increased transparency will have significant implications for social commerce, as consumers will be able to make more informed decisions when purchasing vehicles online. The use of AI shopping tools will also enable dealerships to provide more personalized and competitive pricing, leading to a better overall customer experience. As a result, dealerships that adopt these tools will be more likely to succeed in the online marketplace.