New Products

New tool lets dealers leverage the CARPROOF brand to deliver instant trade-in values

LONDON, Ontario - 

Canadian dealers can now leverage the CARPROOF brand in a fresh way via a new trade-in value lead generation tool that is designed to integrate seamlessly into dealership websites.

CARPROOF announced Wednesday the launch of True Trade, a widget built for dealer websites that can equip visiting consumers with accurate trade-in values, as well as help dealers acquire new inventory for retail or wholesale purposes.

This news follows the March launch of CARPROOF’s data-driven appraisal tool True Value that can provide consumers more accurate values of used vehicles based on history reports and what similar vehicles have sold for via carproof.com.

The new True Trade tool allows dealers to present consumers with trade-in values based on real transaction data and advanced analytics from CARPROOF via their own websites.

“We know that trade-in valuation is one of the most contentious elements of selling a used vehicle,” CARPROOF vice president of automotive sales Shawn Vording said in a news release. “Consumers want a fair value that comes from a trusted independent source, and dealers want to work with numbers that help them maximize trade-wins and profit.”

With True Trade, consumers can easily obtain an instant vehicle appraisal just by entering information about any vehicle they're interested in trading in, the company explained.

“Backed by the most trusted brand in the business, True Trade will help to educate consumers about what their trade is really worth and why. The end result? More qualified leads, more trade-wins and higher sales,” added Vording.

CARPROOF data-driven appraisal tool aims to consider 'unique' vehicle history

CARY, N.C. - 

CARPROOF’s newly released data-driven appraisal tool —  CARPROOF True Value — can provide more accurate values of used vehicles because it looks at vehicles' unique history, rather than just what it’s being listed for within a particular geographic area, according to company vice president of product management Greg Beckman.

To calculate a specific appraisal, the new online tool leverages the company's extensive automotive data such as listing information, along with reports on prior damage, odometer readings and even where a car has been registered.

“Based on the full data we have, we’re able to give a very accurate value for what that vehicle is worth,” Beckman explained during a recent phone interview.

In addition to CARPROOF’s free True Value range, car buyers and sellers can also upgrade to get the specific True Value that includes the vehicle's unique history records.

“What we’re doing with that is we’re providing a range of values for similar vehicles in a geographic area, and rate is based on full data, so it’s not based on what cars are being listed for. It’s actually generated and calculated based on what the cars are selling for in that area,” Beckman said. “With that range you get a good idea of what that vehicle would be worth but then get a vehicle’s specific amount, which is our ‘True Value’ — that value is calculated based on a car’s unique history,” Beckman explained.

CARPROOF’s exact True Value is based on a combination of what similar vehicles have sold for and history reports.

“In order to get that value you have to purchase our history report, which is anywhere from $40 to $52 for the full story,” Beckman added. “With that purchase of the history report, you get the actual specific value for your vehicle as opposed to just a free range.”

Along with odometer readings and more, vehicle history information also includes important information regarding how the vehicle has been serviced or any accidents it may have been in, according to Beckman.

“Our mission is to help Canadians make informed decisions about buying and selling used cars,” said CARPROOF president Mark Rousseau in a news release announcing the launch of CARPROOF True Value. “Our aim is to reduce the guesswork around used-car value, helping private sellers set competitive asking prices and giving buyers peace of mind that the price they're paying is fair.”

CARPROOF is one of the presenting sponsors at the Auto Remarkting Canada Conference later this month. The event is being held March 27-28 at the Westin Harbour Castle in Toronto. 

TRADER introduces new digital advertising solution for Canadian dealers

TORONTO - 

TRADER recently launched TRFFK powered by autoTRADER.ca, its new full-service digital advertising solution for Canadian dealers.

TRFFK allows dealers to power local digital advertising campaigns and convert online traffic via data-driven solutions led by proprietary autoTRADER.ca data on in-market car shoppers.

The program is now available in Quebec and will slowly be introduced to other markets across Canada, according to TRADER.

Using exclusive consumer shopping data and consumer behavior insights from autoTRADER.ca., the company said TRFFK can also help dealers with their digital marketing strategy and execution across paid search, display, social media and audience retargeting.

“It’s always been our goal at TRADER to work in partnership with our dealers, listen to their feedback and act on it,” TRADER Eastern Canada vice president of sales Luc Morin said in a news release.

“We have the largest car shopping audience in Canada on autoTRADER.ca, which gives us exclusive access to that qualified in-market consumer data to target the right shopper with the right car, at the right place and time, to drive high performance for our dealer partners.

“TRFFK provides a unique opportunity to serve our dealers by offering the most intelligent and targeted advertising to the highest quality traffic across any dealer ad platform,” Morin continued.

Key offerings from TRFFK include:

  • Personalized dashboards showcase performance to maximize efficiency and ROI
  • An automotive-focused team providing responsive support, such as advanced analytics and optimization strategies
  • Comprehensive reporting of each program by region, VIN, or campaign
  • Access to a publishing networks, websites and channels, including CPAX and the Google network

“TRFFK is an absolute game-changer for our dealer partners,” added Jill Hadfield, TRADER vice president of product commercialization.

“We’ve invested in a Canada-first, integrated digital marketing solution for dealers to make highly targeted advertising decisions based on the vast in-market car shopping audience data that’s proprietary to autoTRADER.ca. Each campaign is continuously optimized through professional management and unrivaled distribution across every major content network,” she explained.

Impact Auto Auctions introduces search & bid mobile app

MISSISSAUGA, Ontario - 

Impact Auto Auctions, a subsidiary of Insurance Auto Auctions and a business unit of KAR Auction Services, recently launched Impact AuctionNow, a mobile app that allows buyers from across Canada and beyond to place bids both live and online.

Impact AuctionNow is compatible with iPhone, Android and tablet devices, and according to the company, it is currently granting free guest access to anyone interested in testing out the new app.

"Impact Auto Auctions is committed to continuously improving and simplifying the bidding experience," managing director of Impact Auto Auctions Terry Daniels said in a news release. "The AuctionNow mobile app allows bidders the ability to search and source specific vehicles with both speed and precision.

"This ultimately provides app users greater access, allowing them to bid from anywhere with confidence and convenience. Customer interest and response has been positive — the number of downloads has by far exceeded our expectations within the first 90 days of launch."

With Impact AuctionNow, buyers can both participate in auctions in real-time, which are simulcast live with audio and video, and monitor ongoing bidding and inventory updates straight from the app.

Additionally, users also have the ability to search for comprehensive vehicle information and view vehicle damage estimate reports on the new platform.

Impact AuctionNow can be downloaded from the Apple App Store and on Google Play.

To begin using the app, participants must first register as a guest at www.impactauto.ca/Account/Register.

Auto group set to launch e-commerce retailing

EDMONTON - 

Koch Automotive Group recently announced that it has developed a new e-commerce website that it will roll out across each of its dealerships, starting with Edmonton's Koch Ford Lincoln and DK Ford.

The new platform for buying cars will allow consumers to browse inventory, speak with live operators and reserve a purchase — all online.

“The consumer can reserve or purchase a vehicle without ever physically stepping foot into a dealership,” Koch Auto Group said in a news release. “The new website challenges the auto retailer industry that has operated the same way for decades.”

Like at a brick-and-mortar dealership, consumers are granted test drives and can even negotiate pricing before paying the vehicle total on the website.

Before a purchase, car buyers can also speak with a representative to complete the financial terms.

When it’s time to pay, consumers will be directed to use a major credit card or a Paypal account to complete their transaction.

Additionally, there’s a "Reserve" option offered, it lets consumers reserve a vehicle with a refundable 1-percent deposit.

For more information about the new e-commerce website and its upcoming rollout, visit www.kochford.com.

Similarly, in the fall of last year, a new website launched in Canada that allows consumers to buy used vehicles entirely online.

Through Zoom.ca, shoppers can customize financing, put down a deposit, purchase protection and insurance, and sign necessary documents.

The site provides 360-degree views of vehicles and has what it calls a “rigorous certification and merchandising process.” The vehicles on the site are chosen by Zoom’s buyer team and undergo a 360-point inspection. A free CarProof report is also provided.
Zoom said that consumers will be able to finish the process in 10 minutes.

 

Ackroo integrates reward solution with CDK’s DMS

OTTAWA - 

Ackroo announced on Tuesday its launch of Ackroo Anywhere, a platform integrated with CDK Global's dealer management system (DMS) that allows dealers to easily distribute rewards to customers in order to drive key marketing initiatives for their respective dealerships.

With Ackroo Anywhere, dealers who utilize CDK's DMS can issue rewards without relying on customers or staff to swipe or scan their account information following a sale, according to the gift card, loyalty and rewards technology and services provider.

The platform also imports consumer data regarding member vs. non-member spending and lets customers access and manage their gift card and loyalty accounts.

"Direct integration to CDK Global's DMS solution is yet another key advancement to further differentiate Ackroo in the automotive sector. As we continue to expand in this segment advancements like integration to dealer management systems is important,” Ackroo chief executive officer Steve Levely said in a news release.

Ackroo said it delivers its automated solution to dealerships through a SaaS based business model.

“At the end of 2016 we integrated to Authenticom's middleware solution which provides extraction from the majority of DMS's being used however that work did not cover the over 9,500 dealerships in North America that use CDK's platform," Levely said.

"We then made the decision to build a direct relationship with CDK Global to provide this option for all current and prospective Ackroo dealers. That work is now complete and so we are thrilled to be an approved partner of CDK Global and we look forward to expanding our combined solution with them across the automotive industry."

Additionally, Ackroo extends complementary marketing services to assist businesses utilizing the Ackroo Anywhere platform.

CARPROOF partners with UCDA to grant dealer members competitive rates

LONDON, Ontario - 

UCDA Members can now sign up for CARPROOF’s newly introduced used-car appraisal tool — Vehicle Valuation Report — and receive competitive rates following the company’s recent partnership with the not-for-profit organization.  

“The partnership is a mutual mandate between both CARPROOF and the UCDA that we help our shared customers operate in a more efficient way with better margins,” CARPROOF vice president of automotive sales Shawn Vording said in a phone interview with Auto Remarketing Canada. “The benefit that our UCDA members are getting is the competitive rates that we offer through the VVR subscription.”

VVR is specifically designed to help dealers sell cars faster by cutting the cost of negotiation and bringing in quality inventory. CARPROOF said it utilizes robust data that combines wholesale and True Retail Sold™ transactions with current listing valuations.

More than 600 dealers have signed up for VVR since it first launched in April, the company said. 

“The UCDA is dedicated to helping our Members buy and sell better, and CARPROOF’s VVR tool will be fundamental in advancing that mission,” Warren Barnard, executive director for the UCDA, said in a news release. “We’re excited about adding this value to our member offerings.” 

The UCDA has almost 5,000 dealer members across Ontario, according to the organization.

Members include franchise dealers, independent dealers, truck dealers and leasing companies, based in more than 500 municipalities within the province.

Hyundai Canada, Reevoo team up to gather online reviews

MARKHAM, Ontario  - 

Earlier this week, Hyundai Auto Canada Corp. said it has teamed up with U.K.-based Reevoo, a user-generated content platform provider, to gather reviews from Hyundai drivers.

The ratings are set to be published on the forthcoming new consumer website from the car brand. This is Reevoo’s first deal in North America, having made long-term partnerships with most of the carmakers in Europe. Beyond automotive, Reevoo also works in various consumer goods sectors like financial services, retail and travel.

In a news release, Hyundai Auto Canada director of marketing Lawrence Hamilton pointed to the value of voicing the feedback of Hyundai customers.

“Not only do we get to plug-in to direct feedback from Canadian Hyundai drivers and learn from them, but we also get to share that feedback publicly with people who might be researching their next vehicle,” Hamilton said.

“In an era where shopping online for the vast majority of consumer goods involves customer reviews, it's time for this valuable content to migrate into the North American automotive industry,” he said.

The two companies have been gathering feedback from consumers since November, Hamilton said.

“After collecting over 2,200 reviews so far, Hyundai's vehicle range is scoring high amongst consumers, with no vehicle rated below an 8.5 out of 10. This is a testament to the amount of work our engineers invest to ensure the quality of Hyundai vehicles consistently meet incredibly high standards. It's one thing for Hyundai to say it has high-quality vehicles, Reevoo empowers customers to say the same thing, but on our behalf,” he said.

Reevoo chief executive officer Jonathan Callcut added: “Across all industries and locales, we're seeing a simple trend emerging — people are increasingly looking to the opinions of 'people like them' before they make important purchases. And there aren't many more important purchases than a new car.

“We're delighted to be working with Hyundai Auto Canada to give the megaphone to its customers, and looking forward to seeing other North American car makers joining this trend.”

 

Mobile Cashier aims to curb '5 p.m. rush' in service departments

MISSISSAUGA, Ontario - 

Service shop customers have an option to pay for repairs before picking up their car thanks to a newly launched service from VenueVision Media Systems.

Mobile Cashier is an express e-payment solution for parts and service departments that sends dealer-branded notifications of repair completion along with a copy of the invoice to customers’ smartphone, tablet or PC.

“Mobile Cashier is an innovative leap forward for auto dealers and their service customers alike,” said Dave Hooper, president of VenueVision. “This express e-pay solution allows service customers to skip the cashier line and pick up their vehicle at their convenience while drastically reducing the 5 p.m. rush for dealership staff. In the competitive, fast-paced automotive marketplace, great service with an emphasis on ease and convenience is vital.”

Here’s how Mobile Cashier works: 

1. When a service repair is complete and ready for pickup, the customer is automatically notified by email or text with a copy of the invoice and a link to the dealer-branded payment page (pre-populated with the customer’s name, invoice number and invoice amount). 
2. The secure payment portal prompts the customer to enter credit card information, then completes the transaction online and notifies the dealer’s cashier of confirmed payment. 
3. The customer receives a text or email confirming payment, then is free to pick up their vehicle when convenient.

Customers can access the dealer-branded Mobile Cashier from any mobile or PC-based browser without specialized hardware or software requirements. Mobile Cashier is fully integrated with VenueVision’s service applications, enabling it to complete transactions in real time.

 For more information, visit www.venuevision.com

Impact Auto Auctions website has updated look, new features

MISSISSAUGA, Ontario - 

Impact Auto Auctions has launched a revamped website featuring a new interface, an advanced search function and a streamlined registration process as well as two tools that are designed to make the bidding process easier for customers seeking salvage vehicles.

One of those tools, My Auction Center, is a personalized dashboard that enables registered customers to bid in real time, receive vehicle pick-up notifications, and view upcoming auctions and announcements on a single page. 

The other, Impact AuctionNow, builds on the company’s previous LiveBlock Hybrid Auction system to bring domestic and international buyers side-by-side with live bidders at IAA’s auctions.

Impact AuctionNow gives customers faster and easier access to Impact’s vehicle inventory. Buyers can now view and bid on multiple auction lanes or sales from one screen, track active bids across all auctions sites, pre-bid on a vehicle the moment it is posted until its auction date, and monitor upcoming buying opportunities via an automated Watch List.

 “We are delighted to launch our new online buyer portal, which not only simplifies the bidding process for our customers, but reinforces our commitment to investing in our diverse and growing buyer market,” said Terry Daniels, Impact’s managing director.

“Together these enhancements constitute one of our largest investments in our buyer base to-date and we are already getting great feedback from buyers.”

Click here to visit the new website.

Impact Auto Actions Ltd. is a subsidiary of Insurance Auto Auctions and a business unit of KAR Auction Services.

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