VehicleLyfe turns negative equity from a deal-killer into a loyalty play by tracking each customer’s equity position, timing outreach to when they can finally move, and connecting them to real payments that actually work for their budget so more trades and F&I opportunities stay in your store instead of dying on the desk.
In today’s automotive market, many loyal customers face negative equity, making it difficult to afford their next vehicle. VehicleLyfe addresses this by providing clear insights into their vehicle’s value and financial options. This approach helps dealerships assist customers and fosters long-term loyalty. Discover how VehicleLyfe transforms payment struggles into confident customers.
This is for you if you have a service department at your
The dealership service drive isn’t just one of your best profit centers—it’s
Car salespeople rarely find value in talking to any customer who isn’t a floor-up. Asking them to make calls to equity or orphaned customers is difficult and unnecessary with automated solutions around that can do it for them.
The Trade-In Timing Trend Recent data indicates that consumers who purchased a
I had the best Used Car Manager when I first started selling
Vehicle Equity Trends: 2023 vs. 2024 Notably, while the average vehicle equity
The average DMS database size we see is around 21,000 customers. There
I was reading the latest CarDealershipGuy newsletter and became fixated on the
FRIKTIONLESS Technologies (FRIKINtech for short) entered the used vehicle acquisition and data/equity mining space
Starting in July 2024, FRIKTIONLESS Technologies (FRIKINtech for short) will combine the
Marketing works when you hit the right customer at the right time
retention | rəˈtenSHən | noun In the case of car dealers, retention is the measurement of
Bill Bertram, GSM of Reymore Chevrolet, was hosted by TradePending and FRIKINtech
To join EQUITYiQ and SERVICEiQ’s automated texting and emailing, mail solidifies the
People are going to get tired of the hassle of repairs and maintenance. A New car represents 3-5 years of trouble-free driving.
Acquire the used cars you want for your dealership using your own data. Target the right age and mileage vehicles from your loyal customers.
Texting customers in the car dealership service drive with offers to buy or trade their car unlocked three times more deals than mail and email. Get the white paper to see the data.
If you were ever wondering how people respond to automated offers to
FRIKINtech’s SERVICEiQ won the 2023 AWA Award for the unique automation never-before seen in data & equity mining
We brought SERVICEiQ (sends equity offers to service customers daily) to market
EQUITYiQ automatically mines for customers and releases burden from dealers to focus
Let the trumpets blow, and the drums start rolling… EQUITYiQ is in
Wall’s Ford had immediate results when implementing SERVICEiQ by FRIKINtech to automate equity offers to service customers.
“The partnership with FRIKINtech has been nothing but remarkable,” said Thomas Eggers,
Dealership customer loyalty in service dropped to 19.1% in the summer of 2022. Why is this so low?
Dealers lightly touch their service drive to retain those customers for sales. The opportunity to drive loyalty toward the sales department is bigger than most dealers know.
July 2022 Vehicle acquisitions were up from June using automated equity mining methods in the dealership service drive.
Acquiring more used cars with automation out of the dealership service drive to creates great efficiency.
It takes more than mail and a sales database to properly equity mine. It also requires the service drive, automation, and interactive technology for the customer.
SERVICEiQ press release details how equity mining has been changed by FRIKINtech. Targeting the service drive of the car dealership with automated loan or lease equity offers drives stronger results for car dealers.
There are 5 ways for car dealers to mine the service drive for customers with equity in their current vehicle. This guide shows how to equity mine the service drive.
