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.
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.
Advertisement feature from iVendi Getting online motor finance right ‘is crucial to profitability’ in 2019
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.
