The influx of new technologies could have a negative impact on used car dealer efficiencies, according to V12 Vehicle Finance.
As part of its road map to develop and launch its used stock funding, dealer stocking and consumer finance proposition, the V12 team researched the sector to locate best‐in-class technology. It discovered numerous new pieces of technology from entrepreneurial start‐ups and large established brands, developing everything from apps to full dealer management systems.
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Most technologies were being developed in isolation, with dealers experiencing multi‐logins and systems that can ultimately cause extra effort during the daily administration of their businesses.
“Our aim from the outset was to make the user experience as dealer friendly as possible, right from logging into systems to integrating with other parts of their business software,” said David Mercer, managing director of V12 Vehicle Finance.
“By working with our supplier partners from day one on product software development and integration, we have been able to broaden our dealer product offering at the same time as saving time and creating efficiencies across all areas of their stock funding, stock sourcing and customer financing supply chain.
“Our 12 month process of developing our proposition definitely showed us that too much new technology is not always a good thing for dealers,” Mercer added.
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By GlobalDataIn August, V12 went live with White Clarke Group’s CALMS wholesale finance platform. The new platform will provide V12 with a greater speed to market, and is intended to improve functional and technical requirements to facilitate each element of the dealer stock funding journey.
Peter Dyson, group chief operating officer at White Clarke Group, said: “A collaborative approach and transparency from the start led to the smooth delivery of this project. This is yet another great endorsement of our CALMS Wholesale Finance platform, which continues to get positive attention from businesses needing cost-effective, swift responses to increasingly dynamic customer requirements.
