Jul 7, 2025 | Data Mining, Equity Mining, Finance & Insurance, FRIKINtech, Service Drive
FRIKTIONLESS technologies (FRIKINtech for fun) released a foundational Beta of its new VehicleLyfe software. This software will replace the current TRADEiQ product with an updated UI, new components for deeper customer engagement, and more volume of communications to...
Apr 26, 2025 | Data Mining, Equity Mining, Service Drive
The dealership service drive isn’t just one of your best profit centers—it’s a sales lead generator waiting to be optimized. With 21.7% of new vehicle buyers actively using dealer service departments, transforming routine visits into vehicle acquisition and upgrade...
Apr 14, 2025 | Data Mining, Equity Mining, FRIKINtech, Service Drive
We are in a loyalty crisis. The benchmark that 35% of your monthly sales should come from people who have spent a dollar with you is far from achieved. In 2024 and into 2025, loyalty rates are hovering in the low 20% territory. Dealers who were religiously seeing 30...
Apr 14, 2025 | FRIKINtech
June 2025 marks my 15th anniversary as a vendor. From 1989 to May 2020, I was a car dealer (21 years for those who don’t like math). One thing the car business teaches you is how hard it is to pay the bills on commissions from the general public. People are...
Mar 13, 2025 | Data Mining, Service Drive
I made it up – gotta admit that. But I didn’t just pull it out of my… hat. My wife’s older SUV used to cost us roughly $1,500 in annual repairs. Financially, that equated to $125 in “monthly payments” on that car we held the title...
