Curated News
By: NewsRamp Editorial Staff
April 26, 2024
Xigem Technologies Sees Blue Sky Ahead with Growth in Used Car Market
Discuss on RedditTLDR
- Xigem Technologies is well positioned to capitalize on the booming used car market, offering a competitive advantage in the automotive shopping platform sector.
- Xigem's acquisition of EchoDigital, an AI-powered automotive shopping platform, uses proprietary AI technology to generate and qualify leads, enhancing the efficiency and effectiveness of the sales process.
- Xigem's innovative approach enhances the value for both buyers and sellers in the used car market, making the buying process more efficient and effective.
- The global used car market is projected to reach around $3.3 trillion by 2032, with over 10% of car sales in the US and Europe expected to occur through digital platforms utilizing AI by 2026.
Impact - Why it Matters
The news is important as it sheds light on the significant growth potential in the global used car market and the role of AI and digital platforms in transforming the industry. This impacts consumers, sellers, and the automotive industry as a whole, as it signifies a shift towards digital transactions and emphasizes the value of innovative AI-powered solutions in driving efficiency and effectiveness in the sales process.
Summary
Xigem Technologies CEO Brian Kalish discusses the company's optimistic outlook on the global used car market, highlighting the recent upswing in the market's value and the potential for digital platforms utilizing AI. The acquisition of EchoDigital positions Xigem ideally to capitalize on this dynamic market, as EchoDigital is an AI-powered automotive shopping platform that enhances the efficiency and effectiveness of the sales process in the used car market.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Xigem Technologies Sees Blue Sky Ahead with Growth in Used Car Market
