In our new study, read why auto warranty processing costs have increased 28%.
Appreciate the coverage by UCN/Jeffery Bellant of our recent market research which reveals significant insights for dealers and OEM warranty. https://lnkd.in/gak9xAaS
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In our new study, read why auto warranty processing costs have increased 28%.
Appreciate the coverage by UCN/Jeffery Bellant of our recent market research which reveals significant insights for dealers and OEM warranty. https://lnkd.in/gak9xAaS
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A must read...Fifty-nine percent of claims processed by automotive dealerships are for general warranty issues, while 41% pertain solely to recalls. Compared to 2020 figures, there is a marked increase in recall-related claims (+14%), highlighting a shift in the mix toward safety recalls. Despite this change, most claims continue to be for non-recall warranty work. #recallmasters
Appreciate the coverage by UCN/Jeffery Bellant of our recent market research which reveals significant insights for dealers and OEM warranty. https://lnkd.in/gak9xAaS
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Heavy truck dealers: are you aware that the retail warranty reimbursement statute in your state may apply to you as well? According to American Truck Dealers (ATD), the average warranty gross profit for Heavy Trucks is 21%. The same report states that the LOW benchmark for auto dealers is 28%+ which means that Heavy Truck dealers are getting 7% less than auto for warranty work and yet many heavy truck dealers are not taking advantage of retail warranty reimbursement laws like auto dealers are. For information on whether the applicable state law applies to your heavy truck dealership and for a no-cost analysis to determine what rate you qualify for, please contact us. https://lnkd.in/e29ZszGt
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U.S. automobile dealers are facing intense cost pressures—the Q3 2024 Cox Automotive Dealer Sentiment Index (CADSI) shows that costs are at a record high. Rising expenses are cutting into profitability. At CHAMP, we’re revolutionizing how dealers manage vehicle titles, helping them tackle these operational challenges head-on and save money. Dealers across the country can use our National Digital Titling Clearinghouse (NDTC) for title management. Here’s how NDTC makes a difference for dealers: - Fast Acquisition: Secure the asset in the dealer’s name within 6 hours. 🕒 - Error-Free Titles: Streamline process to reduce costly mistakes. ✅ - Speedy Resale: Reduce costs for storage, floor planning, and related expenses. 🚗💨 Read more about the market challenges in the Q3 2024 Cox Automotive Dealer Sentiment Index: https://lnkd.in/gnU7_RQB #AutoIndustry #Dealerships #ecommerce #innovation #CHAMP #NDTC #VehicleTitling #Profitability #cars
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Introducing the 2020 Warranty Ltd Dealer Fund Warranty Programme! Attention automotive dealers! 🚗🔧 We are thrilled to announce the launch of our innovative 20-20 Warranty Dealer Fund Programme. This groundbreaking initiative is designed to empower you with enhanced warranty options, providing a competitive edge in today's market. Why join the 20-20 Dealer Fund Programme? ✅ Enhanced Customer Trust: Offer warranties that assure your customers of their vehicle’s reliability and support your retention strategy. ✅ Increased Sales: Boost your sales by providing comprehensive warranty coverage that appeals to buyers. ✅ Flexible Plans: Tailored warranty plans to suit your dealership’s needs and the preferences of your customers. ✅ Admin Costs; Admininstration fee's starting from £10 per policy (subject to volumes), with NO inflationary increases. ✅ Cost-Effective: A dealer-funded model that maximises your profits while minimising costs. ✅ Full Control; You have control of your warranty scheme supported by insights on your warranty performance and costs. ✅ Comprehensive Support: Receive full support from our dedicated team to ensure smooth implementation and management. Are you a dealer selling 15+ vehicles per month? If so, join us in revolutionising the way warranties are offered and experienced! Elevate your dealership’s reputation, increase customer satisfaction, and drive your sales to new heights. Interested in learning more? Contact Mark Dockerill MBA or Gary Munday today to discover how the 20-20 Dealer Fund programme can transform your business. #AutomotiveDealers #WarrantyProgramme #CustomerSatisfaction #SalesBoost #DealerSuccess
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How Does a Post-Sale Vehicle Service Contract Marketing Program Benefit Agents? It’s a tool to bring to your dealership partners, and can strengthening existing relationships, attract new clients, and enhance overall dealership loyalty. The program opens doors to attracting existing and new clients for ongoing business opportunities. #apcisg #agents #dealers #vehicleservicecontract
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Optimize Your Dealership’s Profits with Proven Retail Warranty Reimbursement Strategies! Are you leaving money on the table with your current warranty reimbursement approach? Many dealerships unknowingly miss out on significant profits due to common pitfalls in handling their warranty reimbursement submissions. It’s time to turn the tables and see your profits soar! Swipe through our carousel to uncover 6 Crucial Tips to enhance your warranty reimbursement process and secure the profits you truly deserve. From understanding complex protocols to avoiding costly mistakes, each slide packs a punch of valuable insights that can reshape your dealerships bottom line. Want to learn more? Contact our team today and we’ll set up time to talk! https://lnkd.in/dFUdGzic #DealershipTips #DealershipProfits #RetailWarrantyReimbusement #ArmatusDealerUplift
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Helping automotive retailers increase profits and retain more customers, via high value retention strategies and unrivalled dealer support 🚀 | Automotive | Customer Retention | IPRU | Sales | Aftersales |
🚗 Why Choose EMaC Maintenance Plans? At EMaC, we offer tailored maintenance plans that ensure your customers' vehicles stay in top condition while providing peace of mind. ✅ Cosmetic ✅ Tyre and Alloy ✅ Warranty ✅ Service Plan ... and more! Our plans are designed to meet the specific needs of each vehicle and customer, ensuring loyalty to your dealership. 🌟 Customer Benefits of EMaC Maintenance Plans 🌟 - No Surprises: Pay a modest monthly fee and avoid unexpected repair costs. - Inflation-Proof: Prices are locked in, protecting you from rising costs. - Increased Resale Value: Regular servicing enhances your vehicle’s value. 💰 Boost Your Profits with EMaC 💰 Dealers, did you know our maintenance plans can significantly increase your profits? Here’s how: - Set Your Own Prices: Determine your margins and maximise profits. - Increased Retention: Regular check-ups mean more customer touchpoints and upsell opportunities. - Cost Benefits: Non-insured products mean tax savings, reducing costs for you and your customers. Partner with EMaC and watch your profits grow! 🔄 Ensuring Long-Term Customer Retention 🔄 Our maintenance plans are not just about vehicle care; they’re about building lasting relationships. Regular interactions through scheduled maintenance keep customers coming back, ensuring loyalty and repeat business. 🚀 If you want to hear more about how to join the EMaC family today, send me a message and lets have a chat. #EMaC
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Automotive & RV Wealth Management Partner | Specializing in Dealership Training & Process Implementation | Driving Revenue Growth & Operational Excellence
Did you know Warranty Forever could be the added advantage that makes your dealership stand out in a crowded market? Imagine this: A customer walks into your dealership, knowing that by purchasing a vehicle from you, they’re getting something no other dealership in the area can offer – Warranty Forever. Here’s how it works: when a customer buys a vehicle with Warranty Forever at your dealership, they’re getting full coverage for parts and labor at any ASE-certified facility, anywhere in the country. Whether your customer is down the street or across the country, they just hand over their keys, and we handle the rest. No extra costs, no hassle. It’s 100% coverage at the dealership’s posted retail rate. Now, think about the peace of mind that gives your customers – no matter where they are, they know their vehicle is covered. And now, think about what that does for your dealership. Offering Warranty Forever doesn’t just give your customers protection – it makes your dealership the go-to choice. Why? Because you’re offering something your competitors can’t. And the best part? Warranty Forever is exclusive to one dealership or dealer group per market. So, would you rather be the dealership offering this unbeatable lifetime coverage, or the one competing against it? In today’s market, standing out is everything. With Warranty Forever, you’re not just selling a vehicle – you’re selling the promise of long-term security and customer loyalty. And that’s a competitive edge that’s hard to beat. Curious to know how Warranty Forever can give your dealership the upper hand? Reach out to us – we’d be happy to chat and answer any questions you have. #innovationfinancialservices #warrantyforever #competitiveedge
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Did you know Warranty Forever could be the added advantage that makes your dealership stand out in a crowded market? Imagine this: A customer walks into your dealership, knowing that by purchasing a vehicle from you, they’re getting something no other dealership in the area can offer – Warranty Forever. Here’s how it works: when a customer buys a vehicle with Warranty Forever at your dealership, they’re getting full coverage for parts and labor at any ASE-certified facility, anywhere in the country. Whether your customer is down the street or across the country, they just hand over their keys, and we handle the rest. No extra costs, no hassle. It’s 100% coverage at the dealership’s posted retail rate. Now, think about the peace of mind that gives your customers – no matter where they are, they know their vehicle is covered. And now, think about what that does for your dealership. Offering Warranty Forever doesn’t just give your customers protection – it makes your dealership the go-to choice. Why? Because you’re offering something your competitors can’t. And the best part? Warranty Forever is exclusive to one dealership or dealer group per market. So, would you rather be the dealership offering this unbeatable lifetime coverage, or the one competing against it? In today’s market, standing out is everything. With Warranty Forever, you’re not just selling a vehicle – you’re selling the promise of long-term security and customer loyalty. And that’s a competitive edge that’s hard to beat. Curious to know how Warranty Forever can give your dealership the upper hand? Reach out to us – we’d be happy to chat and answer any questions you have. #innovationfinancialservices #warrantyforever #competitiveedge
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The latest Cox Automotive Inc. Dealer Sentiment Index for #Q2 2024 remained stable compared to #Q1, indicating a consistent outlook among U.S. auto dealers despite ongoing market and economic uncertainties. The Q2 current market index score of 42 suggests that most dealers perceive the market as weak, reflecting a trend observed over the past year. https://lnkd.in/eWRjF4wn
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