A third of dealers are leaving their business exposed to online finance brokers by not offering motor finance on their website.
Dealers are regularly collecting the wrong data or are proving to be unsure of how to meet the demands of an FCA investigation.
An ever increasing number of used car buyers are moving towards mobile devices to access dealer web, according to new figures from iVendi.
Motor finance technology specialist iVendi has appointed Phil Harding to head up its marketing operations after expanding its client base from less than 3,000 to over 7,000 in the past year.
The cost of failing to check customers’ eligibility for motor finance early in the sales process is costing the average dealership almost £8,000 per salesman each year, according iVendi.
Jardine Motors Group has integrated online motor finance specialist iVendi’s finance tools into its GForces-built website, with the aim of helping to improve the customer experience and generate more sales.
A new online tool launched this week by iVendi allows dealers and buyers to look at detailed information about motor finance eligibility.
A motor finance tool is being launched by iVendi this week that it claims will be the fastest and easiest to use.
Moves to empower customers will mean that self-service motor finance is set to become a major trend in 2016.
Dealers should move quickly to update their web browsers or risk leaving the ‘door open for malicious attacks’, warns iVendi.
Sales staff will be able to leave customers to select their own finance package as part of a fully FCA-compliant update to iVendi’s management software.
Motor finance technology specialist iVendi have made eight new appointments in just two months as part of the business’ expansion plans.
MotoNovo Finance has launched a new concept in car finance which allows customers to facilitate their own application via an innovative new app.
London-based dealer group Now Vauxhall has adopted iVendi technology to offer a range of online finance tools to customers.
Growing use of ad blockers means that dealers will have to get increasingly sophisticated in their use of online marketing, said e-commerce specialist iVendi.
James Tew, Ivendi chief executive, believes the industry needs to be offering more choice for motor finance at point of sale to avoid further FCA regulation.
iVendi has updated its recently-unveiled online motor finance decisioning tool to make sure it meets new Financial Conduct Authority (FCA) requirements.
Sturgess Motor Group has signed a deal to use a range of iVendi’s online motor finance tools to drive sales through its used car websites.
Analysis from users of the iVendi Car Finance Checker shows that more than four out of five are financeable by each dealer’s panel of lenders.
Budget 2015 highlights, 50 days from the general election.
Automotive Management Live: Where franchised and independent dealers will find everything they need to know about operating a modern showroom and service and repair facility fit for the digital age.
When: November 7 2019
Where: Birmingham NEC
Find out what features are in this month's, and future, issues