Tag Archive | "technology"

Axiom® and Pinnacle Dealer Solutions Announce Strategic Distribution Partnership to Promote Pinnacle Key Plus Featuring Tile Technology


ST. LOUIS – Axiom Product Administration, the exclusive automotive channel distributor of Tile® in North America, has entered into a strategic distribution partnership with Pinnacle Dealer Solutions, a California-based automotive MGA. Through this agreement, Axiom will support Pinnacle Dealer Solutions as they expand their product offering to include Pinnacle Key Plus featuring Tile Technology.

“Axiom actively seeks elite distribution partners, like Pinnacle Dealer Solutions, that believe in a similar mission of bringing modern F&I products and interactive technology to improve the car buying and ownership experience. We are excited to work with the team at Pinnacle given their industry expertise all while helping them grow their product offering and brand identity in the marketplace.” Michael Reth, Axiom CEO

Pinnacle Key Plus featuring Tile Technology is a revolutionary new key protection product that helps protect motorists from the stress and expense of losing their modern car keys. Tile’s Bluetooth tracker will attach to a driver’s key fob to help locate misplaced keys. If the keys end up lost, stolen or quit working, the protection will provide up to $1,000 to cover the cost of replacing the key fob and Tile device. Pinnacle Key Plus also includes robust benefits such as Emergency Roadside Assistance, Additional Lost Key Benefit (home and office), Transportation Benefits (Uber and Lyft) and Trip Interruption.

“Pinnacle Dealer Solutions is excited to be partnering with Axiom on this project, we share the same progressive and innovative vision for the Automotive industry. We strive to develop new perspectives and solutions for today’s ever evolving Automotive Industry. Pinnacle Key Plus featuring Tile Technology is just that. This exciting dealer branded product promotes customer retention with a nationally recognized product. Pinnacle Key Plus, featuring Tile was developed for today’s consumer who can easily relate to locating lost items such as keys, Smart Phones or anything else. By providing consumers something of tangible value, the sell through in the Finance office is facilitated with a functional solution every consumer can identify with.” Fernando Perez- CEO Pinnacle Dealer Solutions, LLC

Each dealership promoting the Pinnacle Key Plus program can customize the Tile fob with a brand/logo, giving the dealership 24/7 brand exposure. Dealerships interested in offering Pinnacle Key Plus should contact Pinnacle Dealer Solutions at email hidden; JavaScript is required or Jill Dardick 702-491-1570.

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Advanced Car Safety Tech Will Roll Out Gradually: HDLI


When will advanced safety technologies offered in today’s luxury cars become ubiquitous among all vehicles on the road?

It’s going to take some time. The Highway Loss Data Institute (HLDI) has projected that 95% of registered vehicles in the U.S. will be equipped with automatic emergency braking in 2045 and equipped with adaptive headlights sometime after 2050.

The same percentage of registered vehicles will likely be equipped with forward collision warning, blind spot monitoring and lane-departure warning in 2043, HLDI estimated.

Rear cameras and rear parking sensors are expected to become commonplace more readily. HLDI predicted that 95% of registered vehicles will have rear cameras in 2039 and rear parking sensors in 2041.

HLDI based its predictions on analyses of data from auto manufacturers. But the institute offered a caveat.

“Federal mandates, safety ratings that reward certain features, and other factors can speed up the rate at which technology ends up in new models and therefore in registered vehicles,” HLDI noted in a report about the estimates.

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PermaPlate Welcomes Michael Stevens as Vice President of Technology


SALT LAKE CITY, Utah – PermaPlate, a leading source of automotive protection products and world-class warranty administration, announced a new addition to the company’s Information Technology team.  Michael Stevens was named VP of Technology.

In his new role, Stevens will assess existing and new technology in conjunction with the needs of PermaPlate, and its affiliates, and implement those processes necessary to remain a leader in the automotive industry.

Stevens has been architecting, implementing, and administering world class information systems for more than 20 years with companies like 3COM, Ancestry.com, and AccessData. In addition, he has spent over a decade developing cutting-edge data collection and analytics tools while serving as CIO, CTO, and COO for a global computer forensics company. Most recently, Stevens served as CIO for Domega, a data acquisition and aggregation business in Orem, Utah. In his free time, he serves on multiple executive advisory boards for the technology departments at Utah Valley University.

“Michael has extensive technology experience that will be leveraged to continue to streamline internal processes and deliver superior solutions to our customers and dealers,” said PermaPlate President John Nisson.

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Roadster Adds Southern California’s Longo Toyota


SAN FRANCISCO — Roadster is on the move. The startup has secured additional funding and added the largest Toyota dealership in the world to its digital retailing platform.

The ecommerce solution provider today announced that Penske Motor Group’s flagship dealership, Longo Toyota, is now plugged into its Express Storefront ecommerce platform. The El Monte, Calif-based dealership this year celebrated its 50th consecutive year as the No. 1 Toyota dealership in the world.

“While buying a car is much more complicated than buying a toaster online, shoppers increasingly want a similar experience,” said Brendan Harrington, president of Longo Toyota, which averages 30,000 unit sales annually between its Toyota and Lexus stores. “With the help of Roadster’s technology, our sales team can help our guests configure their purchase either online or in-store, and have the vehicle washed and ready in less than two hours.”

First adopted by San Rafael, Calif.-based Toyota Marin in July 2016, Roadster is now being used by 85 dealerships in 21 states and across 22 brands. One of the company’s most recent additions was Paragon Honda and Paragon Acura in Queens, N.Y., which added Express Storefront earlier this month.

Roadster officials also revealed this week that the startup raised $7.25 million in additional funding from Palo Alto, Calif.-based venture capital firm Costanoa Ventures. The new funding round will be directed toward building more field teams, dealer support teams, and dealer success managers.

Through the Roadster Express Storefront, dealerships can offer their entire inventory of vehicles to consumers online. Consumers can design their deal anyway they want, whether it’s a cash, finance or lease purchase. They also have the option to select the finance source and finance incentive that fits their budget. Buyers can also take advantage of Kelley Blue Book’s Instant Cash Offer if they have a trade-in and also purchase F&I products straight from the dealership’s website.

The platform is also designed to work as an in-store mobile app that allows tablet-equipped salespeople to guide customers through the Express Storefront buying process.

“Instead of being six to eight hours to buy a car, we’re taking three to six hours out of that process,” said Roadster CEO Any Moss. “The consumers in some ways are less fatigued by the time they get to the F&I office, and all those things kind of contribute to maintaining or even increasing the sort of the back-end growth that you can expect on these kinds of transactions.”

Longo’s Harrington added: “As the largest volume automobile dealership in the world, guest experience and high efficiency are extremely important to us. We believe [Roadster] is the most modern and comprehensive solution on the market.”

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Fastlane Launches Online Car-Buying Platform


DALLAS — Startup Fastlane this week launched a new ecommerce platform for automotive dealerships. It offers dealers the ability to customize and brand their online car-buying experience, while providing customers with a start-to-finish purchasing process.

Dealers use Fastlane to showcase their inventory, help their customers pick out the car they want, and choose other purchase components such as financing, service contracts and insurance, officials said.

“Fastlane has taken online car-buying to the next level by letting dealers customize their online check-out flow,” said David Luce, Fastlane’s vice president of sales. “Other car-buying platforms have a cookie cutter check-out flow that cannot be changed. Fastlane recognizes that dealers in one market, such as New York, may sell cars differently from dealers in other markets, such as Georgia or California. Fastlane offers dealers a way to personalize the online car-buying experience to meet their customers’ needs, while adding value to the overall purchase experience.”

Brandon Hall, Fastlane’s CEO, added: “Fastlane is much more than a lead-generating tool for dealers. It is a complete car-buying system, with advanced features and customizability. The platform seamlessly walks customers through the many aspects of the buying process.”

Online shoppers who land on a dealer’s website equipped with Fastlane’s platform can pick out their vehicle, get a value for their trade-in vehicle, get pre-approved for financing and even educate themselves on F&I products and vehicle insurance.

“Online car-buying certainly has its benefits, but that doesn’t eliminate the need for car owners to have a good relationship with a dealer. Our goal is to supplement current dealer operations by adding a unique customer experience through our online checkout,” Hall said. “We are here to make online car buying advantageous for car dealers and customers alike by fostering new ways of engagement and creating a dynamic shopping experience for all parties. It’s the best of both worlds.”

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Innovative Lending Releases Loan Management Tool for F&I Offices


CHICAGO — Innovative Lending Solutions LLC announced the release of Stip Trac, an automotive loan management system designed to help dealers track cash flow, collecting necessary loan documents, or stips, and keeping an open communication line with car buyers before and after their purchase.

Stip Trac features a dashboard that allows users to track cash owed by a bank, set “contact-in-transit” limits, and track money in transit by salesman. It also provides status updates on any deal in transit, held at dealership, funded, etc. Users can also look up the age of a deal and missing stips, as well as add internal notes that can be viewed by all parties involved with the loan.

Stip Trac also allows dealers to add additional stips to a loan at any time, push welcome calls to the bank, and gain real references and referrals from customers. It also provides users with a “contact list” on their cell phone, and the ability to approve or deny stips as they are received.

The new tool also features a custom messaging so users can send an urgent message to the car buyer. It also offers automatic push notifications and a dealer-branded app that allow users to monitor a loan’s progress on their smartphones.

For the consumer, Stip Trac helps protect them from identity theft. It can also eliminate additional trips to the dealership to drop off loan-related documents, speeding up the finance process at the dealership.

“Stip Trac is a needed tool to improve the automotive loan process for car dealerships and consumers. Using Stip Trac removes a lot of the stress that today’s finance managers are facing today,” said Ed Maisonneuve, president and CEO of Innovative Lending Solutions LLC. “We truly built this so the delivery process is a smooth one. As a finance manager, I can’t tell you how many times a deal came into my office with missing documents, bad references, missing signatures. StipTrac 100% eliminates that.”

For more, visit www.StipTrac.com.

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