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...
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 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...
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,...
