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Vehicle Acquisitions from customers out-paced Trades in July

Vehicle Acquisitions from customers out-paced Trades in July

Aug 4, 2022 | Data Mining, Equity Mining, Marketing, Service Drive

Before we jump into the data, it helps to understand how a service customer in a car dealership can sell their car directly to the dealer. FRIKINtech pulls all the service repair orders to analyze those for accurate customer contact information, then checks to see if...
FRIKINtech & Modal’s Digital Retailing tool Share Car Payment Settings

FRIKINtech & Modal’s Digital Retailing tool Share Car Payment Settings

Apr 14, 2022 | Digital Retail, FRIKINtech, Marketing

Integrations can run deep within the Market Scan data platform. Both FRIKINtech and Modal utilize the Market Scan API to combine vehicle information, location data, and customer financing situations to generate transactional car payments to show a customer. When...
Changing the Script on Equity Mining Leads

Changing the Script on Equity Mining Leads

Mar 24, 2022 | Data Mining, Equity Mining, Marketing, Service Drive

When a new lead hits your CRM, does your BDC team ask the shopper if they are already a VIP customer with your dealership? How about a fresh up; do your salespeople ask? Up to 60% of service drive customers did not purchase their current vehicle from the servicing...
How Automation Can Help in a Time of Low-Inventory, High-Demand

How Automation Can Help in a Time of Low-Inventory, High-Demand

Mar 14, 2022 | CRM, Data Mining, Equity Mining, Lead Response, Service Drive

The most demanding market conditions automotive dealers have faced in the last two decades are upon us now. This market is putting dealers’ reputations at stake as customers show up excited about the rising values of their trade-ins only to find little inventory...
Mine the Service Drive Right!  The 4 components needed

Mine the Service Drive Right! The 4 components needed

Feb 9, 2022 | CRM, Data Mining, Desking, Equity Mining, Lead Response, Marketing, Service Drive

The service drive is the most lucrative opportunity mining zone a dealership can tap. This vein of gold is built on customers who are already comfortable with the dealership because they’re trusting their vehicle to be maintained properly and paying for this...
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  • New Beta to get more Used Car Acquisitions from Service & Past Sold
  • How Dealerships Are Winning Inventory Through Service Drives with AI
  • What is Total Service Acquisition Control?
  • Announcing: Total Service Acquisition Control

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6 million Service Repair Orders processed

6 million Service Repair Orders processed

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...

Introducing TRADEiQ

Introducing TRADEiQ

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...

Helping CDK DMS and eLead CRM dealers after outage from cyberattack to keep selling cars

Helping CDK DMS and eLead CRM dealers after outage from cyberattack to keep selling cars

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...

FTC Ready Payments

FTC Ready Payments

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...