San Francisco, August 16, 2024 — Numa, the industry’s first AI platform for automotive dealerships, ranked among the top 500 fastest-growing privately-held companies in America, placing #168 overall and #4 in the AI category on 2024 Inc. 5000.
Numa’s consecutive years and impressive rise on the Inc. 5000 list highlights the company’s accelerating growth. Numa’s industry-disrupting vision and innovative AI solution equips dealerships with the critical tools they need to scale customer operations, deliver flawless customer experiences, and improve dealership profitability.
“We’re proud to be recognized as one of the fastest-growing companies for two years in a row. This achievement reflects the dedication, skill, and innovative thinking of our team, as well as the unwavering trust of our customers,” says Tasso Roumeliotis, CEO and co-founder of Numa. “Our strong ranking in the AI category highlights the pivotal role of AI in car dealerships, a $1.2 trillion market. 87% of Americans dislike the process of purchasing or servicing a vehicle at a car dealership and we believe AI will completely change how dealerships operate in the coming years. Numa is helping dealerships stay ahead of this transformational shift and drive quantum leaps in performance and customer satisfaction."
In a rapidly evolving automotive landscape, dealerships are facing unprecedented challenges ranging from changing customer buying behaviors to more complex customer service needs. Service departments commonly book 12.5 Repairs Orders per day and take 23 hours to respond to customers. With Numa, they book 16.7 ROs per day and respond in 13 minutes, a 100x improvement! Today, many hundreds of leading OEM dealerships like Team Gillman, Serra Whelan Chevrolet, and Norm Reeves Honda choose Numa to adapt, thrive, and achieve sustainable success with AI.
“On the first day with Numa we booked 155 more online appointments while training our staff. We saw our online appointment scheduling rate skyrocket from 8% to 35%,” says Jim Shorkey III, President of Shorkey Automotive Group. “No single product has had this much impact on our business, with almost no initial effort from us.”
The Inc. 5000 class of 2024 represents companies that have driven rapid revenue growth while navigating inflationary pressure, the rising costs of capital, and hiring challenges. Microsoft, Meta, Chobani, Under Armour, Timberland, Oracle, Patagonia, and many other household-name brands gained their first national exposure as honorees on the Inc. 5000.
For complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, location, and other criteria, go to www.inc.com/inc5000
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