Dealers need to ensure their technology is keeping up with new Financial Conduct Authority (FCA) regulations on commission unveiled recently, iVendi is warning.
UK car dealers must step up their digital services or risk being left behind, as the COVID-19 pandemic has led many customers to carry out more research from their sitting rooms before they visit car showrooms to agree the deal.
Dealers switching to a digital-first sales model in the wake of the coronavirus pandemic should consider taking making part exchanges an offline process if they want to get the best results, says iVendi.
A new iVendi product provided to coronavirus crisis-hit vehicle retailers for free has been used to manage and negotiate more than £63m of vehicle finance deals in the last 10 weeks.
A new integration between iVendi and RAPID RTC means 'improved lead generation and management' for dealers.
Online motor finance applications have risen by 53% since the period before the Coronavirus lockdown started, according to iVendi.
Dealers are being urged to have a ‘second wave plan’ to deal with the prospect of a another COVID-19 coronavirus lockdown later this year.
As lockdown eases, dealers returning to trading on June 1 are likely to prompt a ‘step change’ in online motor retail, says iVendi.
A range of smart new digital strategies from different car retailers are driving trade at a tough time.
Analysis of online activity over the last seven days indicate a potential rebound for the car retail market.
Online finance software specialist iVendi is offering car retailers its latest and most advanced car sales platform product free of charge in a bid to mitigate the impact of the COVID-19 coronavirus lockdown.
How close is the industry to a fully-functioning online buying process? These keys may help speed it along.
Traditional online vehicle searches which demand that car buyers select a car manufacturer brand first are “too limiting”, according to iVendi.
Tackling the pitfalls facing dealers head on when offering online vehicle retailing will boost sector confidence in delivering digital sales, according to James Tew, chief executive of iVendi which has developed ecommerce solutions alongside its finance tools.
James Tew, the chief executive of iVendi, says online retailing is exceptionally complex, and a lot of manufacturers have models he doesn’t think are working
An ‘Incubator’ training scheme has been launched by iVendi as part of efforts to upskill its new recruits for the automotive finance sector.
While Mercedes-Benz’s aim to complete 25% of new car sales online by 2025 are a welcome development in motor retail the German manufacturer’s targets could be considered “conservative”, says iVendi.
A dealer software firm has been censured after a breach of its data security. Now Ivendi believes the action against DealerBuilt serves to remind dealers in the UK of the importance of data security.
IVendi has said that list prices on new cars is creating uncertainty for new car buyers looking for a good deal.
iVendi claims that retailers can shed new light on car and van buying behaviour with technology that allows it to track customer journeys across various website visits.
