ForeverCar said it understands vehicle service contracts remain important revenue generators for dealers. They provide useful safety and budget protection benefits for consumers that purchase them for new and used vehicles. The company acknowledged VSC closing rates average 35 percent to 40 percent, excluding lease and cash customers who don’t buy service contracts, and that’s a lot of opportunities that dealers are leaving on the table.

But now, ForeverCar is offering what it thinks is radical dealership digital technology that can provide dealers a revolutionary way to maximize service contract sales and gain revenue “without lifting a finger.” This VSC sales and remarketing technology will be introduced at Digital Dealer 22 next Tuesday, Wednesday and Thursday at the Tampa Convention Center in Tampa, Fla.

ForeverCar contends it’s the vehicle service contract industry’s only dealer-branded portal providing an engaging and intuitive user experience. Whether interacting with the tool in a dealership’s finance office or online, ForeverCar says it can provide the only end-to-end buying experience of its kind.

This sophisticated yet hands-off portal resides in the cloud and the F&I desktop. Customers selecting coverage for their higher mileage vehicles may finance the purchase through a vehicle installment loan or finance it directly through funding sources integrated into this platform. Either way, dealers earn commission on every sale.

ForeverCar is debuting the only technology portal of its kind that markets VSC sales to a dealer’s customer database, helping dealers monetize those original investments.

This digital self-serve dealer-branded portal includes:

• Digital marketing attracts and sells consumers' investment protection for high-mileage vehicles.

• Digital re-targeting recaptures lost VSC lead opportunities. ForeverCar’s remarketing engine can close at least 15 percent of retargeted opportunities.

• Digital sales engage the consumer at a time convenient to them. No irritating phone calls or direct mail — just a streamlined experience providing a menu of plan benefits and pricing to fit the consumer’s risk profile and budget.

ForeverCar’s platform is designed to channel the power of peer review and raises the bar for customer service and satisfaction while helping monetize old leads. Sales, service and retention will increase for any dealership interested, according to the company.

ForeverCar went on to say it can deliver these benefits, too, including

1. Provides a powerful tool for remarketing to dealer customers who declined a VSC when purchasing their vehicle.

2. Monetizes leads that did not convert the first time or converted as a vehicle sale but not a service contract.

3. Leverages the power of peer review by providing web-based customer insight from TrustPilot.

Dealers can experience this dealer-branded portal by visiting booth No. 729 at Digital Dealer 22.

To learn more about ForeverCar and to schedule a demo, go to info.forevercar.com/dealers or contact Brooke Schulz Fernandez at brooke@forevercar.com or (312) 273-8303.