iStock-539982674-1

CrossCheck Blog

Check Processing & Payments Information

2022 Auto Outlook: Auto Repair to Benefit as Consumers are Priced Out of New-Car Market

There are several factors to suggest prices for both new and used cars will continue to rise well into 2022 from the record levels already reached this year. At an average in 2021 of $45,000 for new cars and $25,000 for used cars - and rising - many consumers will likely find it either unpalatable or even impossible to buy a new car. That is great news for auto repair shops. CrossCheck can help seal the deal with sensible payment options as cash-strapped consumers will be increasingly likely to pay for repairs, rather than throw their older cars on the scrap heap.
Read More

Virtual Auto Dealer Options

on Fri, Sep 11, 2020 @ 09:23 AM By | Al Arco | 0 Comments | Auto Dealerships Check Guarantee
In 1962, ABC broadcasted its first program ever in color. The show was called The Jetsons. As remarkable as that achievement was for the times, the animated sitcom was cancelled after only 24 episodes. In the 1980s, The Jetsons was revived for two short years before being shelved decades ahead of technologies such as digital cameras, cell phones, and virtual auto dealer options. Thankfully through syndication, reruns aired for a generation. Hanna-Barbera Productions cartooned unthinkable technology in each futuristic episode. Below is a short list of “FAR OUT” technology available only to George Jetson (and in the imagination of the writers) a half century ago that actually exists today. And with the recent successful takeoff and landing of an automobile on August 25, 2020 in Japan, the list just got a little longer.
Read More

Auto Dealerships Sell More Vehicles by Promoting Positive Emotions

on Fri, Feb 07, 2020 @ 08:57 AM By | Brandes Elitch | 0 Comments | Auto Dealerships Multiple Check
“Dealers need to provide customers with a consistent, relevant, seamless experience throughout each stage of purchasing, including the dealership website.” – David Boice Recently, I attended a webinar given by David Boice, CEO and founder of a company called Advid. It was titled, “Lessons from Amazon Prime: evolving the consumer experience in the digital era.” I thought Mr. Boice had some important things to say about what consumers think and feel when they start their search for a new car, and I wanted to share this with our readers. To understand his message, we have to start at the beginning of the consumer buying experience.
Read More

Common Denominators: Formula One Auto Racing and CrossCheck

on Mon, Jan 20, 2020 @ 07:45 AM By | Brandes Elitch | 0 Comments | Auto Dealerships Check Guarantee
What do Formula One auto racing and CrossCheck have in common? The answer is, “quite a bit.” Some explanation is in order. Formula One (aka “Formula 1” and “F1”) auto racing is one of the most exciting sports in modern Western civilization, with all the ingredients for a fabulous experience embedded into it. Article Summary Why is Formula One a fabulous experience? Who owns Formula One? What are the common denominators between F1 and CrossCheck? Why do auto dealerships prefer CrossCheck?
Read More

Can Artificial Intelligence Help Auto Dealerships Increase Revenue?

on Wed, Jan 15, 2020 @ 02:45 PM By | Brandes Elitch | 0 Comments | Auto Dealerships Multiple Check
Recently, some of our merchant dealers have been asking us about artificial intelligence – what is it, how does it work, and most importantly, can artificial intelligence help auto dealerships increase revenue? To answer those questions, let’s start with some background. In 1950, Alan Turing wrote a paper titled “Computing Machinery and Intelligence.” His idea was: “Humans use available information as well as reason to solve problems and make decisions, so why can’t machines do the same thing?” The problem back then was that computers could not store enough information, or process it fast enough, to add value to the procedure. We needed more processing power, new software, and ultimately putting the GPU in the cloud. This took a few more decades, plus the power of Moore’s Law, to be viable.
Read More

Spotlight on the 2020 NADA Exhibitor Showcase

on Fri, Jan 10, 2020 @ 08:45 AM By | Joe Gargiulo | 0 Comments | Events / Conferences Auto Dealerships
The 2020 NADA Convention & Expo is an excellent opportunity for auto dealerships to increase their business skills while attending the expansive NADA Exhibitor Showcase and participating in workshops, interactive learning sessions, and peer-to-peer learning events. The ultimate goal, of course, is for auto dealerships to increase sales and mitigate risk while saving time and money. Attendees and presenters are composed of a highly qualified mix of industry leaders, manufacturers, exhibitors, experts, and of course, auto dealership management.
Read More

How Auto Dealerships Can Increase Profits in the F&I Department

on Tue, Dec 31, 2019 @ 07:45 AM By | Brandes Elitch | 0 Comments | Auto Dealerships Multiple Check
The National Automobile Dealers Association (NADA) is the trade group for new auto dealerships in the U.S. NADA provides many valuable services for their members, including training programs, weeklong seminars, an academy, and setting up “Twenty Groups,” where a dealer will meet regularly with 19 other dealers in their area to get advice and guidance from their peers on current developments in their store. Another valuable service is developing research reports on the retail automotive industry.
Read More

Changes in the Used Car Market to Benefit Auto Dealers

on Fri, Dec 20, 2019 @ 11:45 AM By | Brandes Elitch | 0 Comments | Auto Dealerships Multiple Check
Recently, Experian released their Q3 2019 “State of the Automotive Finance Market” report. The authors made a couple of important points — mostly about changes in the used car market — that automotive retailers should take note of. The good news is that used vehicles are generating a larger share of the U.S. automotive finance market. Used car financing increased 2.4% in 2019. It reached 55.15% of total financing. Why did this happen, and why is it good news for a dealer?
Read More

How Can Auto Dealerships Help Consumers with Down Payments?

on Mon, Dec 16, 2019 @ 10:45 AM By | Brandes Elitch | 0 Comments | Auto Dealerships Multiple Check
Two of the most frequent questions asked by consumers at auto dealerships are: “Can you help me get a loan to buy this car?” and “How much of a down payment will I need to make?” As a dealer, you had better have the answers accurately and quickly, or you might lose the sale. It turns out that these are not always easy questions to answer because, well, they are complicated. In this short article, we are going to address both questions and take a further exploration of the customer credit journey at your store. More importantly, we are going to answer the question: “How can auto dealerships help consumers with down payments?” You will learn how to provide a good customer experience, get the taillights over the curb, and inspire good reviews on social media.
Read More

The 2020 NADA Show Will Tantalize Auto Dealerships

on Wed, Dec 11, 2019 @ 08:53 AM By | Joe Gargiulo | 0 Comments | National Automobile Dealers Association (NADA) Auto Dealerships
The Temptations aren’t performing, but their 1966 hit, “Get Ready,” sets the tone for a new decade of excellence at the 2020 NADA Show, the premier marketplace for auto dealerships. The event takes place Feb. 14 – 17, 2020 at the Las Vegas Convention Center, presenting 650,000 square feet of exhibition space, educational sessions, franchise meetings, and networking opportunities for member auto dealerships, non-member dealers and other attendees. NADA offers a separate web address for the annual show, including access to schedules, biographies of keynote speakers, maps, travel and accommodations suggestions, blog articles for auto dealerships, exhibitor details and links to its social media channels.
Read More