Introduction

Tekion has emerged as a transformative force in dealership management systems (DMS), enabling dealers to significantly cut costs and boost revenue. This video explores how Tekion leverages modern technologies like artificial intelligence to enhance business operations, leading to financial gains and improved customer interactions.

Cutting Costs with Tekion

Immediate Reduction in DMS Costs

Dealerships switching to Tekion have observed a drastic reduction in their monthly expenses for dealership management systems. By offering a more competitive pricing structure, Tekion has helped dealers lower their operational costs from figures as high as $50,000 to $60,000 per month to the lower thirties.

Enhanced Visibility and Control Over Expenses

One of the standout features of Tekion is its ability to provide clear and actionable insights into dealership expenses. This enhanced transparency allows dealers to quickly identify and eliminate wasteful spending, with some dealers reporting a 10 to 20% savings within the first six months of implementation.

Vendor Consolidation

Tekion integrates various functionalities into a single platform, reducing the need for multiple bolt-on vendors. This consolidation has not only simplified operations but also resulted in substantial cost savings by eliminating the need to manage and pay several separate service providers.

Increasing Revenue through Innovation

AI-Driven Sales Enhancements

Tekion utilizes artificial intelligence to replicate a recommendation system akin to those used by leading online retailers like Amazon. This technology provides personalized suggestions to customers, which enhances the buying experience and increases sales opportunities.

Improved Efficiency in Finance Offices

The streamlined and integrated nature of Tekion has led to marked improvements in dealership finance offices. Dealers have noted increases in revenue per transaction, with some experiencing a rise from an average of $1,400 to $2,000 per transaction.

Real-Time Operational Adjustments

Tekion's real-time data access allows dealerships to make immediate operational adjustments, improving efficiency and reducing downtime. This capability has led to a decrease in unallocated time, translating directly into cost savings and faster service delivery.

Conclusion

Tekion stands out in the dealer management system and automotive CRM landscape by providing dealerships with the tools they need to reduce costs and increase revenue effectively. Its use of advanced technologies like AI for personalized customer interactions and its integrated platform for reducing vendor dependency make it a compelling choice for dealers looking to improve their profitability in a competitive market. With Tekion, dealerships are not just surviving; they are thriving by making smarter, data-driven decisions that enhance both customer satisfaction and the bottom line.