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A new product from iVendi that has been provided free of charge to the company’s dealer customer base throughout the coronavirus pandemic was recognised with a major award last night.
Dealers increased their proactive digital activity by a third in the first 10 days of the new lockdown in England, iVendi is reporting.
New lockdown measures coming into force in England are accelerating a trend towards dealers using the digital tools available to them in a much more proactive manner, reports iVendi.
An advanced online feature that will enable dealers to offer online reservations to used car customers has been enabled free of charge by MotoNovo Finance and iVendi.
Motor finance companies need to be working now with vehicle retailers and technology providers to create uniformity across all channels through which their products are sold in line with new FCA regulations, says iVendi.
Trade-ins and value-added products (VAPs) are proving to be the biggest hurdles for dealers rapidly adopting online motor retail technology in the post-lockdown used car sector, iVendi is finding.
A new iVendi product provided free of charge to coronavirus crisis-hit vehicle retailers has been used to manage and negotiate more than £63m of car, van and motorcycle digital deals in the last 10 weeks.
More than half of iVendi’s 90 staff are being given the option to work remotely following the company’s positive experience with this approach in recent months.
There has been a 53% increase in the number of motor finance applications made online since just before lockdown, iVendi reports.
New technology is helping dealers re-engineer their processes and cope with reduced staffing levels as they restart sales, reports iVendi.