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Raising $130 Million to Build the Future of Automotive Retailing AI

In this episode, I'm speaking with Devin Daly, CEO of Impel

This episode is brought to you by:

Private Auto - The safest way to buy and sell vehicles privately. Use code ‘CDG’ to list your car for free. Learn more @ https://privateauto.com/

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Topics:
00:00:00 - Intro
00:02:23 - Devin’s career and Building Impel
00:03:57 - Pivoting to auto
00:06:35 - Did you come from an entrepreneurial family?
00:07:24 - The evolution of the company
00:09:52 - How are dealers using this data?
00:12:11 - What are you building to help dealerships keep evolving?
00:13:49 - Thoughts on AI
Where are you seeing the biggest impact from AI implementation?
00:24:11 - Raising $130m and acquiring a business in the Republic of Georgia
00:28:01 - Where are we headed with AI and the dealership?
00:29:16 - Where are you seeing customers the most frustrated with the dealership experience?
00:29:56 - What role does licensing play in all of this work?
00:32:00 - Partnering with ACV Auctions
00:33:45 - What do the next 5 years look like for our industry?
00:35:55 - What is your most popular product?
00:37:15 - Having a high bar for acquisitions
00:38:23 - “Oh sh*t” moments
00:40:53 - What products are most important to manufacturers right now

Check out Impel - https://impel.ai/

Check out the website for more (https://dealershipguy.com) and follow me on X @GuyDealership! (https://x.com/guydealership)

This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions.