By checking this box, I consent to the collection, use and disclosure of my personal information. I agree that the personal information provided above may be used and disclosed by YOUR DEALERSHIP and/or its agents or service providers (collectively, the "Dealer") as necessary to obtain a credit check, financial and related personal information (including a credit or consumer information report) about me from any credit bureau or credit reporting agency.
" I'm just browsing for a car on your site, I'm not quite decided yet. I am wondering about my credit. I do want a new car, but I really don't want to have my credit score hit just to find out. I'll come back later ..... "
These thoughts go through online car shoppers minds every single day, and rightfully so. Why is it in mostly all other industries you can research your credit & financial information online, in real-time, with no impacts to your credit.
However with the auto-industry, traditionally true credit is really only researched in the finance office at the end of the shopping & buying process.
WHY is our industry still so credit last, and what could we do to introduce credit much earlier, online & in-store.
🤔 So most online shoppers require financing, but so little are actually engaging with credit applications
At Autocorp we set out to solve this problem to help more car shoppers access credit information sooner, and allow dealers to introduce credit earlier in the online process.
There were a few key points we knew we needed to hit on:
It's exciting our team was able to solve all of these key problems consumers and dealers were facing and release a first of it's kind automotive soft-pull credit technology with our tool AVA Credit 💪
Everybody wins when credit is introduced much earlier in the car shopping process.
A special thanks to our friends at Equifax for working with us on this product for 2+ years.
If you're looking for a modern digital credit solution that will drive credit engagement, increase volume, and provide a new tier of quality. Then book a demo to see how AVA Credit can transform your dealership's virtual retailing today.
This article was written by Andrew Lemoine. Andrew is the CEO of Autocorp Technologies, an automotive fintech company focused on providing modern automotive dealers with digital finance, trade & ID solutions to enhance their virtual retailing and delivery more cars.
Volkswagen has announced that it has selected Ontario as the location for its first overseas battery manufacturing plant. This new plant will play a key role in Volkswagen's plan to shift towards electric vehicles, as it will produce batteries for their upcoming electric models.
For decades, the motto of the automotive industry has been one of “if it ain’t broke, don’t fix it.” Then we were hit by the pandemic and the industry had to adapt in a major way in order to survive. The result of this was dealers were forced to create a digital retail process. This also meant salespeople had to change how they operate on a daily basis and adapt to this new digital retail environment.
Canadian drivers are increasingly choosing electric vehicles as a means to save money on gas and lessen their environmental effects. As a car dealer, this gives you a chance to sell more electric vehicles (EVs) and possibly turn them into one of your dealership's main sales focuses.