After a turbulent 2020, having navigated a global pandemic and the beginning of a global chip shortage that drastically reduced new automobile inventory around the world, Dealer Trade Network was able to adapt, overcome, and experience record growth.
The company achieved 22.5% revenue growth and was named to the Louisville Business First Fast 50 List as the 38th fastest-growing private company in the Louisville Metropolitan Area.
CEO David Kohn said that the key to Dealer Trade Network’s future growth is,
The continued building out of the DTN technology stack and software so dealerships fully integrate our inventory data analytics into their business.
Investments in technology have allowed Dealer Trade Network to begin capturing and analyzing national new car production, sales, and trade data across all major original equipment manufacturers (OEMs).
The mountain of data being collected daily is assisting the company’s seasoned Inventory Consultants in identifying and facilitating beneficial trades between new automobile dealers in the United States, despite the fact that new car inventory has not been this low since 1985.
Inventory consultations remain free to new car automotive dealers and company revenue continues to grow.
Dealer Trade Network’s future plans include additional investment in data collection, machine learning, and automation to grow the core business, along with the development of a suite of future data products designed to enhanced the dealership’s efficiency and productivity.