From inventory shortages to low showroom foot traffic to the rapid digitalization of car sales, these are unpredictable times for auto dealerships.
Dealers need powerful connected car technologies to provide a constant connection with their drivers, supported by cutting-edge lot protection products and services to maintain and grow revenue. Going beyond inventory lot management, stolen vehicle recovery, maintenance alerts and direct automotive marketing, the Elo+ range of products creates a one-stop shopping experience for customers by offering connected car technology that seamlessly complement other products and services.
Elo+ is a collection of tools designed to leverage Elo’s technology to enhance VSC’s, warranties, and insurance. This helps sales & F&I sell more vehicles while improving the customer’s in-store experience and speeding up the sales process.
Elo+ Insurance allows you to use a Quick App to generate Insurance Quotes/Policies for customers, bind coverage, and provide required documentation while the customer is in the showroom for a faster more efficient delivery. A remote licensed Sales Agent will call the customer within minutes of them completing the Quick App to answer any questions or complete the transaction.
Elo+ Insurance offers another way to simplify and improve the customer experience and ensure customers can drive off the lot without complications, creating an additional revenue stream for the dealership and a smoother sales process for the driver.
Theft Benefit Protection
A GPS tracking system can help authorities locate missing or stolen vehicles, but what if your customer’s vehicle is stolen and never found? Or the vehicle is returned with significant damages? A smart tracking device combined with theft benefit protection can help customers receive cash benefits or financial assistance for their unrecovered or damaged car.
If the driver’s vehicle is stolen and not recovered within 30 days or is recovered and declared a total loss, there will be a $3,000 benefit paid out to the Warranty Holder, plus a $2,000 replacement allowance towards the purchase of a replacement vehicle from the issuing dealer. If the driver’s vehicle is stolen and recovered damaged but not totaled, they will be eligible for reimbursement of up to $1,000 to pay their primary insurance deductible. In either event, the driver will be eligible for reimbursement of up to $25 per day for 20 days for rental car expenses.
This theft benefit protection provides both peace of mind to drivers and a reinsured revenue stream for your dealership.
Better Protection for a Better Customer Experience
The Elo+ product range brings together best-in-class lot management technology with specialized theft benefit protection and insurance coverage designed to increase customer satisfaction and drive dealership ROI. Any way you look at it, Elo+ is a win for both you and your customers.
If you’re interested in how Elo+ can transform your dealership, connect with one of our team members.