Sep 16, 2024 | Equity Mining, FRIKINtech, Service Drive
FRIKTIONLESS Technologies (FRIKINtech for short) entered the used vehicle acquisition and data/equity mining space in 2021. The volume of leads generated from customers in the dealership service drive and past sold database has been higher than expected! The lack of...
Jul 30, 2024 | Data Mining, FRIKINtech, Service Drive
Since launching SERVICEiQ (now part of TRADEiQ) in late 2021, FRIKINtech has been hard at work hunting for service customers to deliver a trade or street-buy offer. Aside from the fun of engaging the HIGHLY engaged service customers, we have learned quite a bit from...
Jul 11, 2024 | Data Mining, Equity Mining, FRIKINtech, Service Drive
Starting in July 2024, FRIKTIONLESS Technologies (FRIKINtech for short) will combine the power of its vehicle acquisition and equity mining products into a more straightforward, single solution. TRADEiQ will bring SERVICEiQ and EQUITYiQ together and add the power of...
Jun 23, 2024 | CRM, Desking, Equity Mining, FRIKINtech, Lead Response, Service Drive
After a hacker group held CDK’s system hostage for ransom (what has been reported at this time), FRIKINtech dealers were able to utilize the desking solution that automates payments to customers. This was especially useful for eLead CRM stores that lost their...
May 16, 2024 | Desking, Digital Retail, Marketing, Websites
When the FTC originally introduced its new rules for how car payments and vehicle pricing are quoted and advertised, there was incredible pushback. They listened to the feedback and changed things to become the CARS Rules (Combating Auto Retail Scams). In January of...
Apr 29, 2024 | Desking, FRIKINtech, Marketing, Websites
When the FTC announced its CARS rules, FRIKINtech was glad to see that very little modification was needed to comply with the new level of transparency the FTC was pushing. But that didn’t stop us from taking things further! We took the call as an opportunity to...
Mar 26, 2024 | Data Mining, Equity Mining, FRIKINtech, Service Drive
FRIKINtech has completed the certification process in the Reynolds Certified Interface (RCI) Program. Certification in the RCI Program helps ensure safe, secure, and reliable data transfer between SERVICEiQ, EQUITYiQ, INSURANCEiQ, and our Mail products for Reynolds...
Feb 28, 2024 | Data Mining, Equity Mining, Service Drive
What’s the best way to end a series on stats from 2023? ROI of course! For dealers utilizing FRIKINtech’s automations to mine their service drive, mine their sold database, show payments on their website, respond to internet leads with payment quotes,...
Feb 27, 2024 | Data Mining, Equity Mining, Marketing, Service Drive
Marketing works when you hit the right customer at the right time with the right message. In 2023, many curious customers out there wanted to dive into what they could do next with their cars. We processed millions of repair orders, leases nearing expiration, loans in...
Feb 20, 2024 | Data Mining, Equity Mining, Service Drive
As of May 2023, vehicle repair prices had already jumped 23% over 2022. The cost of maintenance is one of the most inflationary things consumers are experiencing. It is just behind healthcare increases. The increased inflation rate wasn’t the full cause of these...
