Advent Advantage features even more robust capabilities to help dealers capture every penny of profitability on every deal, in the most efficient way possible.
DALLAS, April 27, 2023 /PRNewswire-PRWeb/ -- Advent Resources, creator of the most sophisticated all-in-one car sales system for dealers, today announced the launch of Advent Advantage. This latest version of the company's high performance sales system features even more robust capabilities to help dealers capture every penny of profitability on every deal, in the most efficient way possible.
For over 35 years, Advent has brought together complex components of the car deal, refined each step, and simplified them into a single selling process. This fully digital platform is used from the first interaction with the consumer all the way through to the e-signing ceremony. It eliminates the need for dealers to switch between 'bolt-on' systems, saving hundreds of dollars on every transaction in costly rewrites, wasted man hours, and long processing times.
"The deal is the most important part of the car sale, yet today's dealers toggle between multiple systems with different numbers," said Ben Gill, CEO of Advent Resources. "Calculations are all over the place for interest rates, taxes, and payment amounts, forcing dealers to adjust and then readjust payments so they match. During this process, they're losing tens to hundreds of dollars on every deal while putting themselves at significant compliance risk. Advent is the single source of truth that has powered millions of transactions for some of the nation's largest and most successful dealers. We're here to help all dealers navigate a wildly unpredictable industry and the changes that lie ahead."
Advent Advantage is fully digital, from quoting and selling in one digital application, to real-time funding, e-contracting, and e-signing in store, online, or in the driveway. This empowers dealers to offer a fully digital buying experience, which is becoming more important than ever to a large and growing segment of consumers (60%) who now expect to complete their vehicle purchase entirely online1, and an even larger segment (73%) who say they're willing to try it2. Advent helps dealers meet customers wherever they are and however they want to transact.
What's more, it helps dealers preserve every penny of profitability on every transaction. This has never been more critical, considering current challenges and those that are on the horizon.
"The new normal is abnormal," said Gill. "From EVs to agency models, margin compression, inflation, skyrocketing interest rates, post-boom sales declines, out-of-whack used car prices, and increasingly stringent regulations, dealers need every penny of profitability."
Gill says one of the reasons Advent has been so successful with its current clients is its ability to cut transaction times by 50% compared to other systems and the ease with which it integrates into a dealership's DMS, CRM, and digital retailing partners, as well as dealer, lender, state, and OEM documents.
"Time is money," said Gill. "We're able to cut times in half by digitizing and simplifying each step in the process, with one set of accurate numbers presented to the customer at every stage. If dealers ever need help, they receive white glove, US based customer service support in real-time, with 100% follow through. Our customer service is the best in the business."
Gill says one of the most important aspects of Advent is its compliance risk mitigation.
In addition to the latest crackdowns on deceptive dealership price advertising practices by various state Attorney Generals, the FTC has proposed sweeping regulations on car dealership price advertising and F&I product disclosure. Roughly 54% of dealers surveyed believe the FTC's proposed regulations would be a net negative3.
In answer, Advent calculates the deal correctly the first time, every time, with consistent and accurate interest rates, residuals, taxes, fees, and payment amounts presented to the customer at every step.
"Dealerships can run into serious legal problems if they're not working from one set of numbers," said Gill. "It's important to have a single set of numbers for regulatory purposes, and it's equally important to have a single set of numbers for your customers because closing rates increase drastically when you do. What's more, dealers prevent significant losses in gross profits."
Since the company's inception, the Advent Resources team has diligently collaborated with the automotive ecosystem, integrating complex capabilities and then iterating and reiterating to develop a near perfect sales workflow.
"Dealers have been largely underserved by our industry," said Gill. "The systems they're using are broken and have been for years. They deserve better and we're here to help."
1 Highlights from 2022 Cox Automotive Car Buyer Journey Study, Automotive News, January 26, 2023.
2 Highlights from 2022 S&P Global Mobility Study, Automotive News, January 26, 2023.
3 "Proposed FTC regulations met with dealer hesitancy," Automotive News, March 11, 2023.
About Advent Resources
Advent Resources is the creator of the most sophisticated all-in-one car sales system for dealers, used from the first interaction with the consumer all the way through to the digital signing ceremony, without the need to switch between multiple platforms with differing data. It seamlessly integrates with a dealership's DMS, CRM, and key digital retailing partners, as well as dealer, lender, state, and OEM documents. Market tested and proven to reduce sales transaction times by 50%, Advent helps dealers capture every penny of profitability on every deal, in the most efficient way possible. Advent has been refined and optimized for over 35 years to provide the most elegant customer experience for dealerships; unmatched, real-time white glove customer service with 100% follow through; and mitigation of compliance violations. For more information, visit https://www.adventresources.com/.
Media Contact
Jennifer Lange, Advent Resources, 1 9494603408, [email protected]
SOURCE Advent Resources
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