Commercial characteristic from Jigcar
In an trade the place transport prices and logistics have historically been neglected, Jigcar is rising as a game-changer for AM100 dealerships.
Launched simply final 12 months, the corporate is addressing the complexities of car actions between dealership websites and prospects with its AI-powered platform.
Backed by trade heavyweights and based by specialists in automotive and transport know-how, Jigcar has already secured main purchasers, together with franchise teams like Glyn Hopkin, Steven Eagell and Perrys.
Elliott Perks, CEO of Jigcar, lately spoke with AM to make clear how the corporate is tackling the unseen prices of transport planning and optimising logistics for dealerships.
“Transport is one space the place dealerships can obtain huge value financial savings, nevertheless it’s usually neglected,” he explains. “With the monetary pressures many sellers are dealing with, transport can not be a back-of-house operation. It must be a key a part of cost-cutting methods.” Jigcar’s mission is to deliver this challenge to the forefront and assist dealerships realise the potential financial savings they’re lacking out on.
This deal with transport comes from Perks’ prior expertise at Cazoo, the place, regardless of the large assets accessible, the corporate struggled to discover a resolution that would handle automobile motion effectively. “We shortly realised that the options accessible had been constructed for transferring parcels, not autos,” he recollects. This realisation laid the muse for Jigcar, and the corporate is now serving to dealerships navigate the complexities of third-party suppliers, inner drivers, and transport logistics.
The Problem: Lack of Visibility and Rising Prices
In accordance with Perks, the first problem dealership teams face is visibility over their transport bills. With a number of websites working independently, monitoring prices associated to fleet and retail actions is tough. “One of many first issues we deal with helps dealerships see what number of automobiles are transferring, how a lot is being spent per mile, and the place inefficiencies exist,” says Perks.
The price of fleet actions has surged, significantly with the rise in electrical automobile (EV) deliveries. In contrast to conventional autos, new EVs usually require transporters as a substitute of commerce plates, additional rising bills. “We spoke to at least one group that spent £2.4 million final 12 months on simply fleet deliveries, with every motion costing £250,” Perks reveals.
Perks attributes the rising transport downside to the evolution of omnichannel retailing. “5 or 6 years in the past, fewer automobiles had been transferring between websites. Now, 38% of all retail automobiles offered – new and used – are offered from a unique website than the place they had been initially situated,” he explains. Elevated cross-selling, EV wage sacrifice schemes, and buying from non-public markets like Carwow and Motorway have additionally made automobile logistics a central focus for dealership operations.
What Units Jigcar Aside?
In contrast to different options, Jigcar shouldn’t be a market however an operational software program platform that streamlines transport on the group degree. “There isn’t a direct competitor to what we do,” says Perks. “We offer a holistic method, integrating a number of transport strategies – whether or not inner drivers, third-party suppliers, or marketplaces – into one unified system.”
Jigcar critically focuses on optimising the pace of motion which is usually a vital consider lowering value whereas enhancing a dealership group’s inventory flip. It’s not unprecedented actions between websites, as soon as a sale has been agreed, taking as much as 5 days. With a value per automotive per day of £30 to carry inventory, a 3-day enchancment utilizing Jigcar’s platform may imply a £90 saving on each automotive offered.
One other key benefit is compliance. Many dealerships unknowingly work with uninsured or ill-equipped transporters, significantly when transporting heavier EVs. Jigcar ensures dealerships collaborate with vetted, established suppliers, serving to them negotiate higher charges and service-level agreements.
Jigcar’s AI capabilities are revolutionising how dealerships handle transport. “Step one is amassing knowledge -most teams had no actual visibility earlier than,” says Perks.
Jigcar has already demonstrated success, with 5 AM100 teams adopting its platform.
“We helped one group scale back its 52 transport suppliers to only two, chopping prices and enhancing effectivity,” says Perks.
Perks explains that one group with an inner driver mannequin noticed their drivers double productiveness whereas one other decreased automobile motion occasions from 5 days to 2, reducing stock holding prices and boosting inventory turnover.
Quick Automobile Logistics Intelligence
The method of integrating Jigcar right into a dealership’s operations is impressively fast, usually requiring only a few calls and every week of setup. As soon as on the platform, the information begins to yield worthwhile insights, revealing areas the place value per mile could be decreased or the place inner processes could be improved.
“The actual advantages present after about three months of knowledge assortment,” Perks explains. “By that point, we will make actually impactful suggestions.”
Jigcar’s platform additionally gives the flexibility to drill right down to a car-level evaluation permitting the dealership to see precisely how a lot it prices to maneuver a particular automobile, observe how lengthy it takes to maneuver a automotive, and establish which transport suppliers are most effective. This visibility, Perks says, is crucial for making data-driven choices that enhance each value effectivity and operational pace.
Seeking to the longer term, Jigcar goals to proceed its enlargement throughout the UK market whereas exploring alternatives in aftersales and even worldwide markets. Perks sees the corporate as a part of a broader motion to boost operational efficiencies throughout the automotive sector however stays dedicated to preserving the deal with transport. “We’re simply scratching the floor,” he says. “There’s a lot extra to do, and we’re excited to see the place it goes.”
