New 5G mobile networks could “revolutionise” some aspects of online motor retail and how dealers present vehicles, says iVendi.
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Personalisation has been flagged by iVendi as the future of online motor retail, as it claims tailored customer journeys delivered the best results.
The introduction of GDPR over the last 12 months appears to be behind a slight increase in online motor finance conversion rates, says iVendi.
Finance companies may be required to fully disclose the commissioned paid to dealers and brokers, following the FCA’s review of motor finance.
IVendi has announced the creation of five major new senior positions, including three vice president appointments.
iVendi has signed its “first major international deal” with Société Générale subsidiary, Bank Deutsches Kraftfahrzeuggewerbe GmbH (BDK), in Germany.
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BNP Paribas Personal Finance UK has launched a new motor finance solution, in collaboration with iVendi, providing a “strong alternative” to the current market offerings.
Software development workers at iVendi have completed their move to new Manchester facility which is three-times the size of their previous offices.
A new search tool has been added to the core Vauxhall web site, using iVendi technology to help customers find the right car for their budget.
A new range of four short animated videos about add-on products has been created by iVendi in an effort to support car dealers' online sales efforts.
Network Q has claimed the title of the market’s largest approved used car scheme to offer online motor finance following the adoption of technology from iVendi.
iVendi has identified the next big challenge for digital dealers as integration of add-on sales.
Shifting car-buying entirely into the online arena is so incredibly complex that dealers will be around for a long time to come, but increased digitisation is essential if the sector is to meet consumer expectations according to iVendi chief executive James Tew.
Dealers are increasingly using digital tools to reduce the amount of “desk time” that is required to take a customer through the details of a deal, according to online motor retail specialist iVendi.
Kieron Grenney-Tabret has been appointed as the first international projects manager at motor industry online retail specialist iVendi.
Research conducted by Dealerweb has revealed that 77% of car buyers would be reluctant to spend over £15,000 on a new car online.
Car dealers interested in how digital technology will change motor retail will be in their element at Automotive Management Live 2018. It has masterclasses focused on websites, video, social media marketing, lead management, live chat, online vehicle sales and customer reviews.
“Car dealers need to make their pretty websites into e-commerce platforms”, iVendi chief executive James Tew has insisted following the publication of the finance specialist’s first-ever Report on Online Motor Retailing.
