- Unveiled Otoz 2.0: The Next Generation of Digital Retail and Mobility
- Doubled MINI Dealer enrollments on the MINI Anywhere program in 12 months, enabling 5x increase in lead volume and vehicle sales
- Chosen by AutoNation, one of the largest auto retailers in the US, to power the back-end of their newly launched AutoNation Mobility Micro-lease marketplace, which is now live
Otoz 2.0: The Future of Digital Retail and Mobility Orchestration
The ambition to deliver a seamless, end-to-end purchasing journey and manage asset and contract lifecycles particularly for mobility business models—from real-time pricing and meticulous tax computations to digital e-contracting—presented various challenges. This required navigation of complex state-by-state regulations and keen attention to data security, privacy, and inventory amidst unprecedented supplier challenges.
Otoz elegantly addresses various complexities, establishing key integrations with crucial third-party services, ranging from inventory and CRM systems to identity safeguards, fraud monitoring, comprehensive lender APIs, tax services, F&I product aggregators, and payment gateways. With the end customer in focus, Otoz's synergy with these third parties and its strategic placement of deal checkpoints expedite vehicle and deal verifications for dealers. This ensures a secure and profitable digital sales channel that transcends traditional lead generation.
The Otoz dashboard for dealers and administrators will undergo substantial enhancements. These new integrations will be further enriched by advanced artificial intelligence and machine learning models to optimize customer interactions and gain predictive insights. The vision is to provide dealers with a holistic omnichannel tool for both digital and in-person transactions, minimizing reliance on auxiliary dealer systems, and creating efficiencies through fewer screens. Emphasis will also be placed on curating personalized and intuitive F&I upselling opportunities.
MINI Anywhere Powered by Otoz Doubles Enrollment in Past 12 Months; Achieves 5x Increase in Lead Volume
Since its debut in
In the last 12 months, the program has more than doubled dealer enrollments now active across nearly two-thirds of the
The automotive market is witnessing a significant shift towards short-term vehicle usage options, a trend ignited post-pandemic. In the wake of evolving market demands for flexible vehicle usage, Otoz 2.0 supports AutoNation Mobility in spearheading the shift towards micro-leasing. Otoz 2.0 is leveraged for back-end, operational processes and integrated seamlessly with AutoNation Mobility’s customer facing micro-lease marketplace. This service allows customers to navigate through the process of vehicle selection, deal configuration, and transaction finalization with ease and transparency. The Micro Lease marketplace is currently available in
Otoz 2.0 is powered by the robust, API-first ecosystem of NETSOL’s AppexNow marketplace, built with a headless architecture and flexible backend design that allows for seamless updates and integration, providing a highly customizable and modular experience. Its comprehensive suite of functionalities within Otoz 2.0 are designed to streamline customer onboarding, service workflows, vehicle delivery, and return processes. These features are vital for facilitating interactions among AutoNation Mobility’s operations team, dealers, and customers, thereby guaranteeing an exceptional customer experience.
The debut of Otoz 2.0 signifies a transformative moment in the automotive retail technology landscape. The flexible software powers the ability for customers to finance or lease a vehicle with unmatched convenience and adaptability. To explore AutoNation Mobility’s micro-lease options and witness the future of car ownership, visit autonationmobility.com. For an in-depth look at how Otoz 2.0 is setting a new standard in mobility solutions, visit otozmobility.com.
About AutoNation, Inc.
AutoNation, a provider of personalized transportation services, is driven by innovation and transformation. As one of America's most admired companies, AutoNation delivers a peerless Customer experience recognized by data-driven consumer insight leaders,
Please visit www.autonation.com, investors.autonation.com, and www.twitter.com/AutoNation, where AutoNation discloses additional information about the Company, its business, and its results of operations. Please also visit www.autonationdrive.com, AutoNation's automotive blog, for information regarding the AutoNation community, the automotive industry, and current automotive news and trends.
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IMS Investor Relations
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AutoNation Public Relations:
publicrelations@autonation.com
954-769-4120
MINI
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201.307.3784
andrew.cutler@miniusa.com
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2024 GlobeNewswire, Inc., source