Jan 2, 2025 | Data Mining, Service Drive
Current Trends in Service Costs and Vehicle Age Recent data indicates that dealership service customers are now paying an average of $521 for service work on their vehicles. This figure reflects the increasing costs associated with vehicle maintenance and repairs as...
Dec 5, 2024 | Data Mining, Equity Mining, Service Drive
The average DMS database size we see is around 21,000 customers. There are an additional 1,100 service repair orders hitting the database every month. And the number of lease returns varies by dealership. Depending on the market, more than half of these customers are...
Oct 14, 2024 | Data Mining, Equity Mining, Service Drive
I was reading the latest CarDealershipGuy newsletter and became fixated on the recall topic. Since 2016, recalls have stayed above 30 million vehicles per year! Twenty-one million recalls have already happened in 2024. Predictions show 2024 will not be an exception in...
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...
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...
