Shawn Ryder

JANUARY 19, 2025

In this post, we’ll explore several factors that may influence a buyer’s decision, including certification programs, financing options, reliability, and peace of mind. Cars that qualify for CPO status typically come with extended warranties and additional perks, such as complimentary maintenance services or roadside assistance.

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Shawn Ryder

OCTOBER 8, 2024

In today’s fast-paced digital age, customer experience has become a pivotal focus for businesses, including automotive dealerships. One technological innovation that is transforming how dealerships interact with customers is the chatbot. They are often used in customer service roles, allowing businesses to engage with customers 24/7.

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Customer Dealerships Pre-Qualify Technology 52

Motor Trader

JULY 23, 2024

Most of the major providers in the motor finance market are switching to a risk-based pricing model. James Tew, CEO at iVendi, said: “We’re in a situation where four of the largest motor finance providers are moving to a risk-based model for some or all of their customers.

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Pre-Qualify Finance Technology Marketing 59

AutoSuccessOnline

FEBRUARY 19, 2024

Adding further challenge is the fact that over half of lenders and dealers report that payment terms are negotiated with the online customer before a lender decision. Only 43% said “payments tied to jurisdiction sales tax, license and registration fees,” PLUS actual customer pre-qualified to a specific lender decision.”

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Autosoft

APRIL 22, 2024

Efficiency is the name of the game, and by implementing the right strategies, you can not only meet but exceed customer expectations while boosting your bottom line. 5 Ways to Shift Your Dealership into High Gear A smooth, efficient sales process can mean the difference between closing the deal and watching a customer walk away.

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Deal Dealerships Pre-Qualify Finance 52

Auto Alert

AUGUST 8, 2024

AI-Powered Chatbots for Dealerships | Work Smarter Discover how AI-powered chatbots enhance customer service, schedule appointments, and automatically boost sales for car dealerships. Extraordinary customer service and efficient operations are key to staying competitive, especially in the automotive industry.

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Dealerships Pre-Qualify Extended Warranty Finance 62

Turbo Marketing Solutions

FEBRUARY 22, 2024

Third-party automotive leads provide car dealerships with a valuable source of pre-screened, in-market shoppers and sellers, increasing sales opportunities and conversions. Third-Party Automotive Leads Overview Third-party automotive leads are a vital tool for car dealerships to expand their customer base and enhance sales opportunities.

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Car Examer

MAY 6, 2024

Remember there is speculations in the market for new cars and rare models – reason because supercar manufacturers only sells rare models to their special customers first and if you never bought entry supercar you would no be able to order one. Determine how much you’re willing to spend and be realistic about what you can afford.

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Insurance Pre-Qualify Finance Technology 59

Automotive Mastermind

MAY 10, 2024

As customers continue to delay their purchases and dealers work to increase their profitability on new and used sales, service appointments have become a strategic touchpoint with prospective customers. By learning how to break down those barriers, dealers can more effectively convert service-not-sold customers into qualified leads.

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Shawn Ryder

JANUARY 17, 2025

One of the most attractive aspects of leasing is the often lower monthly payments compared to traditional financing options. Money Factor: Similar to the interest rate on a loan, it represents the cost of financing the lease. Check to see if you qualify based on previous leases. Always negotiate for a lower money factor.

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Deal Pre-Qualify Rebate Acquisition Fee 52

Shawn Ryder

JANUARY 18, 2025

This fee generally reduces the amount you need to finance through monthly payments. Manufacturer Incentives: Honda may offer incentives that dealerships can pass on to customers. Special Events: Leverage trade-in or customer loyalty events that may provide sign-on fee waivers. What is a Sign-On Fee?

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Automotive Mastermind

JUNE 21, 2024

As inventory levels start to stabilize and customers hold onto their vehicles longer, the service drive holds significant opportunities for dealerships of all sizes. From proactively promoting customer retention to staying ahead of customer defection, effectively working the service drive can support numerous dealership revenue streams.

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MforceLA

APRIL 12, 2024

Additionally, by extending discounts, dealerships aim to build long-lasting relationships with military customers, fostering loyalty and positive brand association within the military community. However, eligibility criteria may vary between dealerships and manufacturers, so clarifying who qualifies for the discount is essential.

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MforceLA

APRIL 12, 2024

Additionally, by extending discounts, dealerships aim to build long-lasting relationships with military customers, fostering loyalty and positive brand association within the military community. However, eligibility criteria may vary between dealerships and manufacturers, so clarifying who qualifies for the discount is essential.

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Automotive Mastermind

APRIL 6, 2023

Some dealers may even overlook using these tools, as ways to increase service revenue, or equity mining tools to identify customers who may benefit from a lease or finance offer. These tools analyze patterns and similarities in customer data to identify the highest-quality prospects for sales teams to engage with.

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Automotive Mastermind

JULY 13, 2023

At the dealership level, these challenges are also making way for new opportunities for dealers to conquest new customers, if they can take a targeted approach to engaging the right buyers. This represents a potentially lucrative opportunity for dealers to conquest customers who previously may not have considered buying from their brand.

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Automotive Mastermind

MARCH 2, 2023

Customer buying habits have changed rapidly in the last few years. According to a recent Vehicle Buyer survey conducted by S&P Global Mobility , 60% of customers now expect their next vehicle purchase to be completed entirely online, up 8% from pre-COVID.

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Carcloud Auto Group

JUNE 29, 2024

We understand that purchasing a used car is a significant investment, and we strive to provide our customers with the best possible deals. Our commitment to providing exceptional customer service and a diverse selection of high-quality, unique auto imports is at the heart of our business model.

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Finance Pre-Qualify Customer Banking 52

Automotive Mastermind

JULY 26, 2024

By proactively adapting to changing buying behaviors and using data to create value for their customers, dealers can stay ahead of sales trends and achieve sustainable success. High prices combined with more choices and channels to shop around have had a significant influence on customer loyalty. But so are the opportunities.

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Terry Lancaster

AUGUST 1, 2023

The Definitive Guide to F & I How the choices your dealership makes in choosing, training, and rewarding your F & I department can boost your profits , improve your customer satisfaction , and skyrocket your customer retention. How to increase customer retention. How to make an appealing proposition to any customer.

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Canadian Auto Dealer

MAY 2, 2024

Artificial intelligence and machine learning are becoming integrated into many aspects of a dealership’s operations M ention artificial intelligence and how it is being used by dealerships in marketing, sales, finance and service, and you’ll discover it already exists but just isn’t yet fully understood by the people using it.

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AutoRaptor

DECEMBER 19, 2023

This article will delve into key areas that can help you build a thriving used car business, from understanding the market to marketing techniques and customer experience. Key Trends in the Used Car Industry One of the primary trends driving the used car market is the increasing demand for pre-owned vehicles.

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Turbo Marketing Solutions

JULY 30, 2024

Factors such as lead quality, follow-up strategies, and customer engagement can significantly impact these conversion ratios. They offer pre-approved auto loans, which not only benefits the consumers but also provides an opportunity for dealerships to receive qualified leads from individuals actively seeking vehicle financing.

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Automotive Digital Marketing

AUGUST 8, 2024

These objectives could range from increasing brand awareness to driving more foot traffic to the showroom, boosting online sales, or enhancing customer retention. These could include metrics such as website traffic, conversion rates, lead generation, customer acquisition cost, or return on ad spend (ROAS).

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Dealerships Customer Management Marketing 52

Automotive Mastermind

JANUARY 14, 2022

Concerns over Vehicle Range Similarly, in a 2021 industry study of in-market auto buyers, vehicle range and price ranked as the top barriers preventing customers from considering EVs, but it does appear range anxiety is shrinking. In general, customers’ interest in EVs appears to be tied to their overall understanding of them.

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Canadian Auto Dealer

MARCH 30, 2024

Being a steady partner pays off in the end for auto lending giant W hether it comes to your floor plan financing, or getting loans approved for vehicle buyers, being available and dependable for dealers is the name of the game when it comes to auto industry lending. Growing up I’ve always liked cars, finance and people.

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