News

The “cost of not selling” has become more apparent for dealers in the light of the coronavirus crisis, says 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.

Dealers need to ensure their technology is keeping up with new FCA regulations on commission unveiled recently, iVendi is warning.

A new integration between iVendi and CitNOW allows a sophisticated range of finance options to be launched straight from dealer videos.

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.

A new integration between iVendi and RAPID RTC means improved lead generation and management for a wide range of dealers.

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.

iVendi’s new product for vehicle retailers aims to “rewrite the rules” for online car, van and motorcycle search.

As dealers ease out of lockdown, we’re seeing a jump in demand for recently-introduced iVendi technology that allows car, van and motorcycle retailers to offer an online reserve-and-collect model.

One of the issues facing the many dealers adopting a click and collect model of trading as we emerge from lockdown is a very human one – how do you negotiate a deal with a potential car buyer entirely online?

Dealers returning to trading as the lockdown eases are likely to prompt a “step change” in online motor retail, iVendi believes.

Last week, we announced that our very latest product, TRANSACT, would be provided to all of our direct dealer customers free of charge until further notice – and it has now been made available and live for the vast majority of them.

We made the product the core of our lockdown offering to dealers because we thought it would be ideal for the current conditions that the industry faces. This feature explains why its many innovations are supremely suitable for this moment in time.