Customers trade cars after 2 years

Customers trade cars after 2 years

The Trade-In Timing Trend Recent data indicates that consumers who purchased a vehicle are increasingly looking to trade it in approximately 24 months after their purchase. They casually re-enter the market after making their 18th payment. It takes them up to 6 months...
2024 Trends | Vehicle Equity Changes

2024 Trends | Vehicle Equity Changes

Vehicle Equity Trends: 2023 vs. 2024 Notably, while the average vehicle equity has seen a decline, there has been a significant increase in the percentage of customers who have fully paid off their vehicles. In 2024, the average vehicle equity was recorded at $8,724,...
Automation & A.I. work together

Automation & A.I. work together

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...
FRIKINtech partners with Hammer AI

FRIKINtech partners with Hammer AI

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...