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How AI could help redefine dealer KPIs in UK automotive retail
['Tom Seymour']
AM-online
For decades, the motor retail industry has measured success against some tried and tested key performance indicators (KPIs).
That will reshape how we think about marketing KPIs.”GPPSPU: a new acronym for automotive retail KPIs?
According to Palmer, the KPI that most strongly correlates with dealership profitability is gross profit per salesperson per unit (GPPSPU).
He said: “AI can take away repetitive admin tasks and help create marketing content at scale, provided you use the right tools.
AI as a catalyst to rethink KPIsBoth Palmer and Holmes see AI as a catalyst for a wider rethink of KPIs.
['help'
'performance'
'data'
'sales'
'need'
'dealer'
'ai'
'marketing'
'kpis'
'redefine'
'industry'
'salesperson'
'palmer'
'uk'
'automotive'
'profitability'
'retail']