Pete will be based in Southern Ohio and will be focusing on assisting dealer’s needs throughout the country.
Continue readingThe Futuristic Twist on Vehicle Service Contracts
If I asked you how many computers the average vehicle today has, what do you think that number would be? Would you be surprised if I told you that number was 30, or even 50? How does that compare to high-end luxury vehicles? Try doubling or even tripling that number!
Now, what do these computers do for us? The simple answer, EVERYTHING! At any given second, these super-computer vehicles calculate an obscene amount of data (in milliseconds) telling the vehicle how to steer, accelerate, parallel park, or even slam on the brakes to avoid a collision. We are talking Gigabits of data in milliseconds, truly a modern marvel supercomputer on four wheels.
Today’s vehicles are the most advanced machines that have ever been on the road. Most dealers offer an array of service contract coverages, from full exclusionary all the way down to powertrain only components. Industry statistics show us 50% or more consumers decline the extended protections available to them. So, why doesn’t every consumer buy an extended service contract if they plan on owning the vehicle past the manufacturer’s warranty expiration date? Is it the cost? Is it the product? Could it be both?
Let us say we have a hypothetical customer who declines exclusionary protection on their vehicle, which would cover all components (except wearable items). What is the next option? Some might say, “reduce the cost”. Well, that would devalue the product, wouldn’t it? Perhaps you could reduce the coverage to a more affordable option, but typically these reductions eliminate the items consumers need coverage on the most, the technology and computer components.
ADS has a solution for you, and the solution is simple. Extreme Tech. Extreme Tech is a stand-alone coverage for high-tech OEM components. Extreme Tech includes components such as navigation systems, adaptive cruise control, self-parking systems, collision avoidance systems, head-up displays, and more.
As independent agents, we see the value of customers insuring and protecting their investments with extended service contracts every day. Service contracts protect the consumer and enhance their ownership experience. In contrast, dealers can ensure their customers are leaving fully protected and can increase their retention through a positive ownership experience.
It is 2021 and it is time we evolve with the industry! Consumers are telling us they want protection on their technology, think how many people are willing to spend $10-$15 monthly to protect their cell phone.
Extreme Tech is the answer! It offers you a valuable solution to present to the consumers declining full protection. The biggest question to ask yourself is, “what could your extended service contract penetrations look like if you had a product that wasn’t competing or displacing to your current service contract offering? 60%? Perhaps more?”
Reach out to your ADS representative or visit our contact page for more information on the program.
Chad Bullock – Account Specialist – Advanced Dealer Solutions
Advanced Dealer Solutions Welcomes Buddy Nelson
Richfield, Ohio – Advanced Dealer Solutions is proud to welcome Buddy Nelson as Account Specialist.
Buddy received his finance degree in December of 2020 from Elmhurst College. While completing his degree, Buddy played soccer, completed an internship with a major administration company, and worked at the largest volume Kia dealership in Illinois.
“Some of Buddy’s best attributes is his personable skills and willingness to learn quickly which fits right in with the culture we have at ADS. Buddy will be a tremendous benefit to our dealers. “– says Bob Mancuso – President of Advanced Dealer Solutions.
“I am thrilled to be a part of such a great team. I look forward to learning and growing into my new role. I believe my personality and charisma will be a great fit for the ADS culture.” – says Buddy Nelson – Account Specialist of Advanced Dealer Solutions.
“It is remarkable how much industry experience Buddy has gained so early in his career. I am excited to be able to add Buddy to our expanding roster of talented developmental professionals and I am eager to see him grow his book of business here at ADS.” – says Ryan Nelson – EVP of Advanced Dealer Solutions.
Buddy will be based in the corporate office in Richfield and will be focusing on assisting dealer’s needs throughout the country.
Follow the link below to view the article in Autodealer Today.
Advanced Dealer Solutions December Newsletter
Advanced Dealer Solutions December newsletter features our ONE Touch approach, new office location, and information on how to give back during the holidays.
We have a jeep featured nicknamed “The Grinch” which is perfect timing for the holidays. The jeep owner also belongs to a Jeep club in Indiana called Hoosiers Cruisers who are passionate Jeep owners that is focused on giving back to their community.
We welcome any feedback and will seek to continually improve with each issue. It is through this ongoing experiment that we look to gain more knowledge, insight and ideas that we will pass along to our current and future clients.
To get subscribed and view our newsletter click the link below.
Welcome Andy Carl
Advanced Dealer Solutions is proud to welcome Andy Carl as an Account Specialist.
Prior to joining Advanced Dealer Solutions, Andy held roles within a large dealer group managing sales, F&I, and BDC.
“Andy was someone I liked from the moment I met him and is someone who will always put your best interests first. His personality is contagious, and he will bring a lot of energy into the dealerships. “ – says Bob Mancuso – President Advanced Dealer Solutions.
“I am excited and honored to join such a successful independent agency solely focused on the customers’ needs. I look forward to using my unique experiences within the dealerships to help ADS grow as a company.” – says Andy Carl.
“Throughout his career, Andy has demonstrated the ability to coach and train varying teams whether in the dealership, or on the pitch. Andy thrives on helping people get the most out of themselves to achieve their true potential. I know Andy will continue to pour his energy into the ADS dealer partners and their associates.” – says Ryan Nelson – EVP Advanced Dealer Solutions.
Andy will be based in the corporate office in Strongsville and will be focusing on assisting dealer’s needs throughout the country.
