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Ferrari has introduced two new extendedwarranties for their plug-in hybrids. That likely helps to explain why the company has introduced two new extendedwarranty plans for plug-in hybrid models including the SF90 Stradale , SF90 Spider, SF90 XX Stradale, SF90 XX Spider, 296 GTB and 296 GTS.
According to Lyons, e-Power represents the perfect bridge technology for these consumers, offering a way to lower emissions and fuel consumption while retaining the reassuring familiarity of a fuel tank. Of course, any emerging technology prompts questions about reliability. How do Nissan e-Power cars benefit the Australian consumer?
Theres also no denying that battery technology doesnt come cheap, and should the cells ever need replacement, its quite likely that they will cost more to swap than the car is now worth - which is why we tend to replace mobile phones in their entirety rather than replace the battery pack.
While extendedwarranty plans can provide additional peace of mind for new car owners, they are also a go-to upsell for manufacturers. Imagine if an automaker was still pushing that warranty plan long after you drove away from the dealership. One owner of a 2022 Jeep Grand Cherokee kept receiving full-screen pop-up Read more.
Real estate, technology, changing demographics and government regulations, digitization, customer expectations and the quest for talent are but a few of the challenges dealerships face every day. Canadian dealership leaders forecast the most significant challenges ahead T here is one constant in the automotive industry: change.
The survey, conducted in late summer, reveals a disconnect between dealers’ current inventory risk management strategies and the potential benefits of advanced technological tools. A prevalent strategy among dealers is to utilize price markdowns, dealer trades and extendedwarranty offers to manage inventory carryover.
Despite the availability of advanced technological solutions, many dealerships are still challenged by outdated inventory risk practices that exacerbate their struggles. In fact, 40% said they execute price markdowns on a weekly basis.
Ferrari has launched a subscription-style battery warranty program for its plug-in hybrid (PHEV) models in an effort to preserve the longevity and resale value of its electrified models. The only stipulation is that out-of-warranty examples must first be inspected by a Ferrari mechanic.
Pinnacle Warranties has teamed up with iWarranty, a software platform to streamline warranty processes and enhance customer experience. iWarrantys platform integrates with dealer systems, to provide real-time warranty registration, and improve customer engagement and insights.
Technology & Comfort: Modern features such as Bluetooth connectivity, a user-friendly infotainment system, and sufficient cargo room add to comfort. New or Used Cars While new cars are purchased with warranties and cutting-edge features, used cars yield more value and less depreciation.
a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, has announced in a press release a strategic agreement with EVSTAR to introduce extendedwarranty coverage options for Blink customers. Blink Charging Co. ,
Using current technology, Ferrari has created a replacement battery for the 2013 LaFerrari supercar that can ensure owners have full use of their car even after a period of time that may impact the efficiency of the car’s original battery.
The extendedwarranty service is intended to ease concerns about range degradation as the battery-equipped Ferrari models age, Bloomberg reports. Ferrari plans to offer a $7,500 annual battery subscription for its hybrid and future all-electric vehicles. The Italian automaker also intends for the service to maintain… Read more.
This guide will walk you through the key aspects of Toyota’s extendedwarranty, helping you understand the benefits and how to keep your vehicle covered. After this initial period, the warranty can be extended by an additional 12 months or 10,000 miles with each qualifying service, up to a maximum of 10 years or 100,000 miles.
In this competitive landscape, existing models face the challenge of keeping up as other manufacturers introduce new vehicles, showcasing their latest technological advancements. The Chinese-based company offers longer warranty coverage, supporting the Omoda E5 for seven years, while BYD covers the Atto 3 for six years.
Additionally, there is a surge in hybrid and electric vehicle sales, reflecting consumer demand for eco-friendly and advanced technology options. As technologies continue to shape the automotive landscape, let's now explore the profound impact of digital advancements on the industry.
RELATED: Used electric car prices ‘more volatile’ than other cars With new technology emerging almost monthly, increased battery cell efficiency and new models coming to market, current electric car owners could be looking to upgrade their electric cars in the near future. .” Do used electric cars come with a warranty?
Certified Pre-Owned Vehicles Certified pre-owned (CPO) vehicles offer an attractive option for price-conscious buyers.Provide thorough inspections,certification processes,and extendedwarranties on CPO vehicles.This can attract customers who prefer the benefits of a new car experience at a more affordable price point.
Despite the availability of advanced technological solutions, many dealerships are still challenged by outdated inventory risk practices that exacerbate their struggles. In fact, 40% said they execute price markdowns on a weekly basis.
With increasing environmental concerns and advances in technology, EVs have become mainstream. This audience is not only looking for eco-friendly options but also wants the latest in automotive technology. EV Buyers: Electric vehicles (EVs) are no longer a niche market. Targeting EV buyers in Q4 can yield significant results.
With increasing environmental concerns and advances in technology, EVs have become mainstream. This audience is not only looking for eco-friendly options but also wants the latest in automotive technology. EV Buyers: Electric vehicles (EVs) are no longer a niche market. Targeting EV buyers in Q4 can yield significant results.
“There are areas we won’t compromise, one of those areas is safety technology,” explained Mr Bhindi. “When it comes to product and technology, we want to offer as much choice as we can. In addition to extendedwarranty offerings, brands are adding value in the form of subsidised servicing.
Main Summit: October 22-23 Quality & Supplier Management Connected Customer Care Revolutionized by Technology Service Lifecycle Management Powered by AI and Advanced Analytics Data Transformation to Drive Quality Management & Cost Efficiencies Dealer Technical & Field Service Operations Warranty of the Future: Automative & Innovative (..)
In fact, cost of insurance ranked above vehicle brand and new technology features when buyers were deciding which car to buy. When dealerships integrate insurance discussions early and effectively, they create opportunities to sell extendedwarranties, GAP insurance and other high-margin products driving higher overall F&I gross.
New products and technologies mean the dealership’s business offices need new offerings and training Like the classic hit foretelling how “video killed the radio star,” dealerships are eyeing the threat of a similar disruption as EVs charge into our business offices. But, is it really all doom and gloom or could we just be flipping tracks?
With their extendedwarranties and strong build quality, Kia models are a reliable choice for used car buyers. Hyundai vehicles are known for their advanced technology, quality interiors, and long-lasting performance. The Kia Sorento and Kia Optima, Sportage, Rio, are notable for their solid performance and dependability.
Knowing how much room there is to negotiate and understanding where we can offer additional value, such as extendedwarranties or service packages, allows us to approach the negotiation with confidence. This not only ensures we stay within the customer's constraints but also considers our dealership's bottom line.
If a customer is interested in a particular vehicle, the chatbot can suggest add-ons, such as extendedwarranties or premium features, that enhance their interest in purchasing. For example, during a conversation, the chatbot can inform customers about limited-time discounts or financing deals.
ExtendedWarranties and Service Packages: Upselling these products can significantly increase your earnings. Utilize Technology: Using a CRM system can streamline your sales process, allowing you to track interactions and follow-ups more efficiently. This approach can make daunting sales goals more manageable.
Using dealership marketing technology, dealers can assess the factors motivating a buyer’s purchase decisions to tailor their messaging. With dealership marketing technology like Mastermind, dealers can mine their PMA for new conquest customers and engage prospects with welcoming offers or introductions to the dealership’s services.
User-Friendly Technology Equipped with Hondas latest infotainment system, the Pilot includes smartphone integration, navigation features, and available Wi-Fi hotspot capabilities, making it perfect for both daily commutes and family road trips. Plus, it often comes with extendedwarranties, which may offer additional peace of mind.
The automotive industry is constantly evolving, and sales consultants need to stay updated on the latest trends and technologies. Provide regular maintenance services, offer extendedwarranties, and have a responsive customer service team that can address any concerns or issues promptly.
Consider amenities like in-house free Wi-Fi, seamless AI-driven communication technology, extended service hours, and online paperwork options. Focusing on technology that can help you stay in touch, make appointment-setting easier, and keep consumers turning to you for advice and feedback will earn your dealership life-long customers.
Embracing new technologies, such as video conferencing and live chat, can enhance customer engagement and lead to higher sales. Understanding the benefits of CPO vehicles, such as extendedwarranties and thorough reconditioning processes, can help sales professionals promote them effectively.
Technology Incorporate cutting-edge digital tools into your F&I processes to revolutionize efficiency and elevate the customer experience. From extendedwarranties to gap insurance, providing a comprehensive range allows customers to customize their purchases.
To effectively sell more cars to Baby Boomers, it is crucial to understand their needs and desires, tailor your marketing strategy, offer the right products, provide excellent customer service, and embrace technology. Let’s explore each of these strategies in detail.
Today I’m happy to let you know that our Instant Financing technology is now available within Online Shopper , our end-to-end retailing solution. We built this technology to use your lenders, your rates, and your markups to provide customers with accurately priced, ready-to-close deals. That’s right. We have you covered there as well.
Technology Incorporate cutting-edge digital tools into your F&I processes to revolutionize efficiency and elevate the customer experience. From extendedwarranties to gap insurance, providing a comprehensive range allows customers to customize their purchases.
By mining their upcoming service appointments, dealers can leverage predictive marketing technology like Mastermind to identify the best service-to-sales leads, such as when a service customer is due for an upgrade based on the age and condition of their vehicle.
By understanding the economic trends shaping the automotive retail landscape, dealers can proactively plan ahead by: · Adapting to financing challenges by creating a buying experience that speaks to customers’ concerns; this includes marketing F&I products like extendedwarranties and wrap coverage, or assistance in raising their credit score.
Technology features in Honda Accord vs. Toyota Camry In todays automotive landscape, technology plays a vital role in enhancing the driving experience, and both the Honda Accord and Toyota Camry are equipped with cutting-edge features that cater to tech-savvy drivers.
The identity resolution technology typically used within a proper CDP works to consolidate a dealer’s disparate customer data from various sources to identify and merge duplicate profiles into a single entity, offering a cohesive 360-degree view. Automated communication isn’t limited to one-time messages.
Moreover, technological advancements have revolutionized the way used cars are bought and sold. Offer extendedwarranties, flexible financing options, and efficient customer support. Many consumers are opting for used cars due to their affordability and the wide range of options available.
Such concerns are common with new technology. This seems odd to me: most batteries are covered by extendedwarranties, EVs have fewer moving parts that can break and people often still buy old Alfa Romeos despite literal warning lights.
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