Web scraping is one of the most demanded industry in present market. Every sector of business growth depends on right strategy and no one can make an efficient strategy without data.

Data is considered the soul of any strategy these days, and the automotive industry is no different. It also requires data for understanding the market, customers’ demand, etc.

Are you from the automotive industry and searching for the right tool that can help you in collecting real-time data with 99.9% accuracy?

We’ve got your back with Prodfinity’s AI-based tools, which will help you from the collection of data to the interpretation and prediction of market trends; everything is possible with us.

Before we dive deeper, let’s see what we will discuss in this article.

Web Scraping in the Automotive Scraping Data Industry

Web scraping is the process of collecting data, which is mainly extracted from websites and other web sources, that can provide a large amount of dataset easily and in a very short time. In the automotive industry for data, there are many things a business requires these days to be up-to-date in the marketplace, like information on vehicle listings, pricing of vehicles, customers, etc.

Below are some major facilities that web data scraping can provide to an automotive business.

Market Analysis: Analyzing market can be very easy if business is using web scraping as it can provide data of the whole marketplace in few minutes which can help a lot in understanding the market in real-time.

Consumer Insight: These days, there are countless platforms where customers can give honest reviews without any hesitation, other than websites. If the automobile business extracts data from those websites then they can get the customer insight and what they are demanding and can take the next move accordingly.

Inventory Management: Tracking business inventory, from final goods to the parts that are available and in which area can be done easily with web scraping.

Problems of the Automotive Industry

While the Automotive Industry is considered highly profitable, only the business of automobiles knows the struggles they have to face on a daily basis to survive in the market. So today we will discuss some of the most common challenges which the Automotive Industry faces.

Fluctuating Market Prices

Market prices of everything fluctuate from time to time, but in the automobile business, the difference can be huge and due to different factors like platform, dealers and region where they are dealing. There could be areas where they can’t get a lot then other areas prices but businesses still need to supply their to make sure their car are around everywhere. So, fluctuating prices can take a toll on business and can result in major losses sometimes.

Tracking Competitors’ Strategy

When the business is dealing with non-repetitive purchases, it becomes very important to not loose even a single customers. Then it becomes very important to understand what your competitors are doing so you can always prepared for their next move.

Tracking competitors’ strategy also helps the business to plan the counter strategy to them so they can survive in the market and their competitors never outsmart them.

Inventory Mismanagement

Inventory mismanagement can be one of the biggest mistakes a business can make, especially during the peak time or time of demand. Inventory mismanagement not only can cause loss of sales, but if continued it can stain the reputation of the brand.

Inventory mismanagement can be both overstocked the good and then they are piled in the warehouse while there is no demand of those good, which can cause lots of losses or if cleared with discounts then it can effect brand value of the business. And if the inventory is understocked then business can lose the big deals as they needed to stock the inventory for selling their goods.

Consumer Sentiment & Feedback Monitoring

Recognising customer dissatisfaction or being unaware of what customers are demanding, or if their preferences shifted from present features or not. Being aware about customers sentiments is very important for business as it can help businesses to retain their customers by making changes according to customers demands.

Manual Data Collection Bottlenecks

The automobile industry is not very open about the tech changes and they rarely adopt new technologies. Due to which they still collects data manually which have many disadvantages, like the collection of data is limited to human power and it could be very time consuming while these collections of data can be very time consuming.

Limited Visibility Into Global Trends

Manual collections of data has it’s own limits and boundaries and many a times it is really not possible for automotive businesses to track their visibility in the global market because of which it will be difficult for them to track down the places which are more suitable for their products and where customers are demanding more of their products,

How Prodfinity can Help?

Nobody creates a lock without a key.

Same as there is no problem in life or the market whose solution isn’t there already, it could be that you didn’t search enough to find the solution, but no worries, now you have Prodfinity, which can solve all the common problems you are facing.

Competitor Price Monitoring Tool

Worried about the fluctuating market prices? You don’t have to be worried about it anymore. With Prodfinity’s price monitoring tool you can finally relax and get the large dataset according to your will. You can fetch data of marketplace on daily basis, weekly basis, monthly or in custom basis, whatever suits best for your business growth we provide it for you.

In addition to that, you will also be notified about the major price shift in the marketplace or of your competitors, so you don’t have to keep eyes on the market rate-list and focus on more important task.

Tracks Competitors’ Strategy

In this cut-throat competition it is very import to know what you competitors are doing, so you can revert them or atleast protect your business from their attack. Our AI based Price Intelligence algorithm makes sure to notify you whenever there seems to be a major market shift or what it predicts with all the information about market.

With our competitors price monitoring tool you can have history of your competitors pricing history to understand their pattern of pricing and their strategies.

To know more about competitive price tracking, check out this article Competitive Price Tracking.

Product’s Demand

Ever wondered how long this model will be in demand and being hesitated about filling your inventory, well with Prodfinity’s Competitor Products Auto-match you can watch around the market who are selling the same model or similar models as your so that you can predicts the demand of your product in the market as well.

Collects Large Datasets

With Prodfinity, there is no limit what you can extracts from your competitor’s websites like D2C stores, etc or marketplaces like Amazons, eBay, etc. While manual data collection is very time consuming and prone to error, with Prodfinity you can collect real-time data if you wanted with 99.9% of accuracy.

Global Coverage of Products

Wanted to see how many resellers are dealing with you products and at what prices, well with our AI based Product Auto-Match you can have a list of dealers dealing with your products and at what price so you will be aware about your brand visibility around the globe and on what percent of market did you reserved.

Conclusion

Every business has its own set of problems but when there are different tools available for your business to overcome those problems so the best option for the business is to adapt those tools before it was being adapted by your competitors and surpass you in the market.

Make sure you are getting the solution at right time, before its too late for your business to handle or too late to reserve your place in the marketplace.