AutoLoop Now Approved As Official READS Vendor for American Honda Motor Co. - AutoSuccessOnline

AutoLoop Now Approved As Official READS Vendor for American Honda Motor Co.

Using automation and current incentives, the advanced equity mining and quote-generation solutions deliver personalized equity offers to both sales and service customers.

Comprehensive equity mining tools pinpoint hidden vehicle sales and drive revenue for Honda dealers via personalized offers and inventory matching.

Clearwater, FL – AutoLoop LLC, the leading provider of auto industry sales, service, and marketing solutions, recently announced that its in-depth equity mining tools, Quote and Quote Express, are now approved by American Honda Motor Co.for use in the company’s Retention Equals Advanced Data Sharing (READS) program.

Using automation and current incentives, the advanced equity mining and quote-generation solutions deliver personalized equity offers to both sales and service customers. In addition, Quote and Quote Express work to capture potential upgrades by matching those prospective customers with a new Honda from the dealer’s current inventory.

“Since the READS program equips dealers with seamless access to electronic data for the most accurate information, Quote and Quote Express are the ideal partner solutions to capitalize on that data,” says AutoLoop VP of OEM Development Mike Sowers. “Our tools automatically capture customer attention at key points in the ownership cycle—such as during service visits and lower payment opportunities—to show just how affordable a new Honda really is while effectively engaging them in the upgrade process.”  

Quote provides both automated and on-demand features to maximize sales opportunities and minimize dealer cost. Quote Express, a “set it and forget it” equity mining tool, gives dealers another, simpler option: a turnkey solution that drives sales while also reducing costs. Both products offer a wealth of exclusive benefits including an interactive, customer-friendly shopping portal, automatic equity notifications, pre-service appointment offers, buyer matching, and much more.

“That’s what puts Quote above everyone else,” says Stephany Pileggi-Taylor, Business Development and Operations Specialist at Underriner Honda. “AutoLoop stands behind its customer support and ensures that good people are placed in the field—and that makes a big difference. Even vendors of tools dealers use every day, such as the DMS, don’t always have the field staff to maintain a relationship at the store. In fact, because of AutoLoop’s fantastic support, it would be very difficult for me to switch to a different equity mining tool,” she says.

Quote has shown to contribute 10% – 25% of monthly new sales. “Simply put, Quote and Quote Express are designed to help ensure dealers reach prospects before those potential buyers ever reach out to competitors,” says Sowers. “And the available multi-channel marketing capabilities built into both tools further increase reach and response rates by: 1) merging email with direct mail campaigns and 2) providing multiple timing or delivery options.”


You May Also Like

DAS Technology Expands Collaboration with General Motors

GM also selects DAS to participate in its 2024 Business Development Center Workshop Dealer Tour across 14 major U.S. markets.

DAS Technology, an automotive consumer engagement SaaS technology company with the industry’s first next-level Consumer Data and Experience Platform (CDXP), announced it is expanding its collaboration with General Motors and has joined the OEM’s equity mining program.

The equity mining capabilities of DAS Tech's award-winning CDXP Complete include its ability to match customers with equity, or nearing an equity position, on their current vehicle and track engagement with its automated communications. This illustrates the platform's ability to leverage data, analytics, automation and deep integrations with leading Dealer Management System (DMS) and Customer Relationship Management (CRM) solutions to deliver actionable insights that drive results and a connected customer experience. 

Dave Cantin Group Introduces AI-Powered Dealer Data-Mining Software

The AI-powered dealer data-mining software will help accurately value the nation’s more than 18,000 franchise dealerships.

Rick Case Honda Recognized as Most Awarded Volume Dealer in American Honda History

The largest volume Honda dealer in America has also received the Honda President’s Elite Award 16 consecutive years.

CarNow Joins the Amazon Web Services Partner Network

This automotive dealership operations software looks to be enhanced through incorporation of Amazon Web Services (AWS) generative AI tools.

Physical Audits Support Software in Thwarting Dealer Cybercrimes

Dealerships face rising cybercrimes and must prioritize frequent physical security audits alongside software compliance tools.

Other Posts

SafePoint Introduces Enhanced Features

SafePoint’s new features were made to monitor inventory, recapture lost service revenue, and supercharge retention.

Reynolds and Reynolds to hold Automotive Amplifiers Contest

The Automotive Amplifiers Contest carries $15,000 in prizes and celebrates individuals at dealerships who are amplifying retail automotive.

EpiCar Announces First Auction Event

EpiCar’s first auction event on June 17 will aim to connect dealers directly with private car sellers for efficient inventory sourcing.

CXAUTO 20th Anniversary, June 11-12 in Marina del Rey

Over the past two decades, the CXAUTO summit brings together senior leaders to discuss the future of the customer journey.