Posted on March 15, 2016
New Express Automotive Retail Platform Will Incorporate Dynamic Aftermarket Menu for Online and In-Store Car Buying, Allowing Customers to Select Pre-Determined Packages or Build Own
Dallas, TX, March 15, 2016 – Pearl Technology Holdings, LLC, www.pearlsolutions.com (Pearl), today announced it has partnered with F&I Express, the largest automotive F&I aftermarket product network, to enable both consumers and dealership sales personnel to seamlessly add aftermarket products to the vehicle purchase. Pearl’s ShowroomXpress (SRX) is a “clicks to bricks” Express Retail Platform that allows vehicle shoppers to buy online, or in-store, in a fraction of the normal time. By leveraging Experian’s pre-screen technology, ShowroomXpress calculates auto loan payments to the dollar in 10 seconds. It is the first platform to pre-qualify customers without a Social Security number and provide instant and exact payment calculations from every U.S auto lender.
“We are thrilled to be working with F&I Express. No vehicle purchase is complete without aftermarket add-ons including extended warranties, tire and wheel protection, GAP insurance, etc. We wanted a solution we could integrate into our SRX platform so our users have a dynamic and efficient way to add aftermarket products to their vehicle purchase,” said Bruce Thompson, Pearl CEO and Founder. “F&I Express was the obvious choice and allows us to tap over 110 aftermarket providers through a single partner. The system is both transparent and informative and enables the user to select pre-determined packages, or mix and match products that are a better fit for their individual needs.”
SRX will utilize custom educational videos for each product. The videos are produced at the Pearl studios in Dallas, TX. The SRX platform allows the customer to make selections on their own from the dealership’s website, or the customer can be assisted by a salesperson at the dealership, and view the educational videos as needed. The system is fast, flexible and transparent, allowing the retail transaction to be completed in a fraction of the transitional time. Once selections are made, the products are instantly calculated into the customer’s monthly payment and passed to the dealer for contracting.
Currently, F&I Express works with a large volume of auto retailers across North America and several international companies to improve F&I processes. The company has aggregated a network of more than 110 automotive aftermarket insurance providers in an online portal accessible by its dealers.
“We are proud to be the F&I product and digital content integration partner for ShowroomXpress,” said Brian Reed, President and CEO of F&I Express. “Not only will SRX have access to dealer specific rates from our network of over 110 F&I providers, they will also have full access to F&I provider specific content through our new Express Digital Media solution.” Express Digital Media allows customers access to the dealers’ aftermarket product providers’ content and dealer pricing information during the online shopping process. Launched in September 2015 at Industry Summit in Las Vegas, the Express Digital Media product delivers dynamic F&I provider content attached to dealer specific rates.
ShowroomXpress will be officially unveiled at the NADA 2016 Expo and Convention on March 31-April 3, in Las Vegas, NV, at Booth # 2323C. For more information call: 888.339.1116. Or to sign up for a demonstration visit: www.showroomXpress.com.
About F&I Express
Since 2008, F&I Express has been dedicated to leading the aftermarket industry into the digital age with innovative technology solutions that cut costs and increase efficiency and customer satisfaction. Established by international company Intersection Technologies Inc., F&I Express has built the largest aftermarket provider network in the industry. From presenting product pricing and features online, to providing error-free eContracting, to improving aftermarket product cancellation performance and compliance, F&I Express makes aftermarket F&I easier and more profitable for everyone. Visit fandiexpress.com or follow on Twitter @fandiexpress for more information on all F&I Express solutions.
About Pearl Technology Holdings, LLC
With the formation of American Auto Exchange (AAX) in 2001, auto industry entrepreneur Bruce Thompson became widely known as the creator of the “used car inventory management” space. He went on to start RedBumper, LLC in 2010, which is also primarily focused on “used car inventory management.” RedBumper’s intellectual property was acquired by CDK Global in September 2014. At that time, Thompson formed a new holding company, Pearl Technology Holdings, LLC, created to be an automotive technology incubator. The company’s mission is to create and deliver innovative new tools that have an impact on the industry. Pearl has launched five subsidiaries: NewCar IQ, LLC; VehicleXchange, LLC; eCarTag, LLC; Pearl Technology Solutions, LLC, Trade-In Concierge, LLC and ShowroomXpress, LLC.
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