New York, NY, February 8, 2018 – Carvoy, the leader in automotive leasing technology, today announced the launch of Carvoy Ignite, the end-to-end ecommerce SaaS platform strategically designed to convert auto dealers’ websites into an online marketplace. Available to dealerships nationwide, the technology easily integrates with pre-existing systems and requires little to no training for dealership staff to operate.
Carvoy Ignite provides dealers with a digital dashboard, unique to the platform, which offers real-time analytics of all transactions to guide pricing and access granular buyer behavior and requests. The dashboard includes trackable inventory, automated desking, finance and insurance (F&I) package options, trade-in options, and customer credit approval.
“For most, the car buying experience is associated with time consuming negotiations and reviewing extensive paperwork. Carvoy Ignite gives consumers an experience they can be excited about while simultaneously increasing profits for dealers,” says Daniel Yuabov, CEO and Co-Founder of Carvoy Ignite. “Carvoy Ignite was born out of a deep understanding of the issues that exist within the automotive industry. Supplying dealerships with the tools they need to be able to address the customer demand for a more simplified, efficient, and user-friendly car buying process.”
The platform allows car dealerships to bring their showrooms directly to where consumers shop the most, online. The company’s user data found that 40 percent of all online transactions take place outside of showroom hours. By allowing consumer’s access to inventory after hours, and reducing the time it takes to complete a lease, Carvoy Ignite significantly increases the number of sales transactions a dealership can complete in a given day.
For dealerships, the software increases efficiency by streamlining the sales and inventory process for both the sales team and the consumer by 60 percent. The finance and insurance department will receive digitized deals sent directly into their financing software with pre-selected add-ons. This allows customers to upsell themselves, without feeling the pressure of negotiating on the spot, with Carvoy Ignite there is an average penetration rate of 20 percent on all upsells.
Auto dealerships who use Carvoy Ignite will also have access to text-enabled customer follow-ups, links for in-store personnel, and in-store software to allow the sales team to operate efficiently on the showroom floor, eliminating trips back and forth to the F&I office. Carvoy Ignite is empowering salespeople to operate more effectively by bringing the power of the entire inventory to a single tablet and enabling them to manage transactions more transparently.
“In today’s world, every industry is shifting their inventory to online marketplaces and I always worried it wouldn’t be a fit.” says Steve Gaynor, Director of Business Development at Smithtown Toyota, “After learning about Carvoy Ignite, I realized this will not only provide my customers with the online experience they are looking for when leasing a car, but it will help my colleagues when they are providing consumers with the exact car that they want.”
For more information on Carvoy Ignite, visit: partner.carvoy.com.
Carvoy (Carvoy Ignite’s parent company), is the fastest growing automotive-tech startup providing a completely transparent online solution to new-car leasing and user-dealer connectivity. It allows users to start and finish the entire leasing process at the comfort of their desktop. Headquartered in the heart of New York City, Carvoy provides transparent solutions all throughout the leasing process, allowing users to have a deep understanding of exactly where each of their dollars is going. Carvoy is partnered with over 300 dealerships on the East Coast, providing deep in funnel deals that are pre-qualified and pre-approved.
As a means to continue creating synergies for dealerships, the company launched Carvoy Ignite, the end-to-end ecommerce SaaS platform strategically designed for auto dealers to create individual online marketplace.