Channel | Auto Industry News

Carvoy Launches New Leasing Platform

NEW YORK — Auto leasing technology provider Carvoy announced the launch of Carvoy Ignite, an end-to-end ecommerce SaaS platform designed to convert auto dealers’ websites into an online marketplace. Now available nationwide, the technology easily integrates with pre-existing systems and requires little to no training for dealership staff to operate, according to the provider.

Carvoy Ignite includes a dealer-facing digital dashboard that offers real-time analytics of all transactions to guide pricing and access granular buyer behavior and requests. The dashboard includes trackable inventory, automated desking, F&I package options, trade-in options and customer credit approval.

“For most, the car-buying experience is associated with time-consuming negotiations and reviewing extensive paperwork. Carvoy Ignite gives consumers an experience they can be excited about while simultaneously increasing profits for dealers,” said Daniel Yuabov, co-founder and CEO of Carvoy Ignite. “Carvoy Ignite was born out of a deep understanding of the issues that exist within the automotive industry. Supplying dealerships with the tools they need to be able to address the customer demand for a more simplified, efficient, and user-friendly car-buying process.”

Carvoy Ignite analysts found that 40% of all online transactions take place outside of showroom hours. By allowing consumer’s access to inventory after hours, and reducing the time it takes to complete a lease, Carvoy Ignite significantly increases the number of sales transactions a dealership can complete in a given day. The system also streamlines the sales and inventory process, and produces an average penetration rate of 20 percent on all upsells, all according to the company.

Photo courtesy of CarVoy
Photo courtesy of CarVoy 

“In today’s world, every industry is shifting their inventory to online marketplaces and I always worried it wouldn’t be a fit,” said Steve Gaynor, director of business development at Smithtown Toyota. “After learning about Carvoy Ignite, I realized this will not only provide my customers with the online experience they are looking for when leasing a car, but it will help my colleagues when they are providing consumers with the exact car that they want.”

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