Another reason to fear social media

[Nature Boy 2.0 8,370]

So we get a new analytical tool at work. 

 

It analyzes your percent likelihood to want to buy an automobile.  

 

It looks at such things as equity in old car, predicted credit profile, carfax on current car, service history, TWITTER FEED, LINKEDIN FEED,puclic records and many other things.

 

It then runs an algorithm to determine your likelihood.to buy.

 

That is scary

[spookyturtle 9,465]

I’m still the only person in the world who doesn’t have a Facebook account. 

[TBoneTX 45,291]

Join the club, Bro Spooky.

[Steeleballz 7,550]

1 hour ago, Nature Boy 2.0 said:

So we get a new analytical tool at work. 

 

It analyzes your percent likelihood to want to buy an automobile.  

 

It looks at such things as equity in old car, predicted credit profile, carfax on current car, service history, TWITTER FEED, LINKEDIN FEED,puclic records and many other things.

 

It then runs an algorithm to determine your likelihood.to buy.

 

That is scary

 

  What if I don't want to buy? Can the algorithm still make me? 

[Burnt Reynolds 5,058]

1 hour ago, Nature Boy 2.0 said:

So we get a new analytical tool at work. 

 

It analyzes your percent likelihood to want to buy an automobile.  

 

It looks at such things as equity in old car, predicted credit profile, carfax on current car, service history, TWITTER FEED, LINKEDIN FEED,puclic records and many other things.

 

It then runs an algorithm to determine your likelihood.to buy.

 

That is scary

Welcome to the godsend of big data, wonderful for companies, politicians (which is why they don't want to update archaic laws) and easymode for analysts, absolutely wretched for consumer privacy.

[millefleur 5,046]

4 hours ago, Nature Boy 2.0 said:

equity in old car, predicted credit profile, carfax on current car, service history,

I get the twitter/FB, public records stuff....but where are they pulling the other info? Is that publicly available somewhere?

[TBoneTX 45,291]

Sales departments can get your CarFax & service histories from your VIN.

They can scope your credit when you give them a copy of your driver's license for test-drives.

And it's not just Joe Isuzu who can and will do that.

[yuna628 9,676]

16 hours ago, Nature Boy 2.0 said:

So we get a new analytical tool at work. 

 

It analyzes your percent likelihood to want to buy an automobile.  

 

It looks at such things as equity in old car, predicted credit profile, carfax on current car, service history, TWITTER FEED, LINKEDIN FEED,puclic records and many other things.

 

It then runs an algorithm to determine your likelihood.to buy.

 

That is scary

Places have been doing this for some time. In the end though, while they can gather a lot of data about the person, it's still up to the person to decide.

Can lead a horse to water, but you can't make 'em drink, right?

[Steeleballz 7,550]

1 hour ago, yuna628 said:

Places have been doing this for some time. In the end though, while they can gather a lot of data about the person, it's still up to the person to decide.

Can lead a horse to water, but you can't make 'em drink, right?

 

  I think it's not so much about who is going to buy a car, ostensibly everyone who walks onto the lot has some interest in buying a car. The app is more about how much time and effort that will take, and perhaps about how much money will be involved.

 

   

[Nature Boy 2.0 8,370]

12 hours ago, TBoneTX said:

Sales departments can get your CarFax & service histories from your VIN.

They can scope your credit when you give them a copy of your driver's license for test-drives.

And it's not just Joe Isuzu who can and will do that.

You are mostly right. They can not pull your credit by you just giving them your drivers License. They need your SSN and to do so without out consent  is a pretty serious offense

 

They know what the terms are on what you are currently driving and looking at the car fax can estimate your equity. They also know your last interest rate and estimate your current

Edited January 13, 2021 by Nature Boy 2.0

[Nature Boy 2.0 8,370]

1 hour ago, yuna628 said:

Places have been doing this for some time. In the end though, while they can gather a lot of data about the person, it's still up to the person to decide.

Can lead a horse to water, but you can't make 'em drink, right?

Oh yes absolutely. Its just a grade from analytics on how likely they think you are to buy.  

[Nature Boy 2.0 8,370]

17 minutes ago, Steeleballz said:

 

  I think it's not so much about who is going to buy a car, ostensibly everyone who walks onto the lot has some interest in buying a car. The app is more about how much time and effort that will take, and perhaps about how much money will be involved.

 

   

You are almost right. Not everyone that comes on the lot is interested. We do get some that it just gives them something to do.

 

My favorite during the holidays is... We are in town visiting my son in the Air Force. We are planning on buying in 2 months back in Minnesota and thought we would get out while he is busy and drive a few of everything on your lot.

[Steeleballz 7,550]

2 minutes ago, Nature Boy 2.0 said:

You are almost right. Not everyone that comes on the lot is interested. We do get some that it just gives them something to do.

 

My favorite during the holidays is... We are in town visiting my son in the Air Force. We are planning on buying in 2 months back in Minnesota and thought we would get out while he is busy and drive a few of everything on your lot.

 

  I imagine the last thing you want to do in sales is spend an hour with someone who has no intention of buying, so I think the app would be geared to helping with that. 

[Nature Boy 2.0 8,370]

1 minute ago, Steeleballz said:

 

  I imagine the last thing you want to do in sales is spend an hour with someone who has no intention of buying, so I think the app would be geared to helping with that. 

Oh it sucks when you stand out front for 2 hours waiting in line to catch a customer and you get people are not interested in buying what so ever, people accuse car salesman of being liars but buyers almost always lie.

 

The app is for previous customers you would call to get in, not lot ups.

 

My only problem is I dont call people. I hated it before I got in the business and suspect most people hate being bothered. I am probably the most laid back non pushy honest sales guy in America. I was the only person in the dealership that had a perfect 100% survey score for the year.

[TBoneTX 45,291]

12 hours ago, Nature Boy 2.0 said:

I was the only person in the dealership that had a perfect 100% survey score for the year.

The only way to keep this rating is to upvote absolutely all of Someone's posts.