Keyloop has completed the acquisition of Motortech.ai, a UK-based developer of AI for automotive retail.
Motortech.ai’s flagship product AIME will be integrated into Fusion, Keyloop’s Automotive Retail Platform (ARP), to replace traditional website forms with AI functionality.
Keyloop said AIME would help reduce the number of leads lost as a result of slow response times and a lack of out-of-hour support.
It has the ability to search inventory, quote finance, value part-exchanges, take test drive preferences and book appointments to provide a seamless service.
AIME also qualifies customer interactions and directs higher quality leads to sales staff.
For each lead that reaches the sales team, the agent will have checked stock, quoted finance and valued the part-exchange, reducing the amount of human time required to complete a deal.
This, and other new AI-driven functionality developed by Motortech.ai, will be integrated within the key functionality of Keyloop’s Fusion ARP, including the Vehicle Hub inventory management module, the Acquisition Hub website solution and Sales Hub, which connects every step of the sales process.
Tom Kilroy, CEO, Keyloop, said: “The acquisition of Motortech.ai and integration of AIME across Fusion is a significant milestone in our AI strategy.
“By embedding purpose-built conversational AI directly into our platform, we’re giving retailers an always-on capability that engages customers and frees sales teams to focus on what they do best — building relationships and closing deals.”
