Vehicle service contract penetration
11 Feb Maxim cites a study by his company of Fiat Chrysler dealers showing a 51% vehicle-service contract penetration lift from menu use versus.
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Service Contract Penetration Reaches Industry High: J.D. Power Survey
18 Apr Contract. Vehicle Service. Contracts (VSCs). Agreement between an increased adoption and penetration of F&I products and vehicle sales.
18 Aug Colonnade Advisors offered quite a bullish forecast for the penetration level of vehicle service contract purchased by consumers that should make F&I managers and VSC providers smile now and seven years down the road.
Colonnade Advisors estimated 85 million vehicles had a VSC.
Description:Paper processes leave consumers wondering if they got the whole story. Spending at the dealership increases with each successive year of ownership, including the time beyond the base warranty, often because service contract customers tend to put more miles on their vehicles. The provider of specialty protection products believes all dealerships need to focus on making sure that the customer has a great experience before, during and after the purchase so that they return to your store when it's time to buy again. When you have a team member who brings a forward-thinking mindset, add in the technology to make that path clear, and the will heart to use it, you will win. It is easy to imagine how much more profitable these stores would have been if high-end e-menu technology had been applied to all sales. That synergy sells and raises the customer satisfaction index CSI.