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S01E39 - The Benefits of Adding Auto Insurance to the Dealership Process

S01E39 - The Benefits of Adding Auto Insurance to the Dealership Process

FromThe Walk Around


S01E39 - The Benefits of Adding Auto Insurance to the Dealership Process

FromThe Walk Around

ratings:
Length:
28 minutes
Released:
Dec 20, 2021
Format:
Podcast episode

Description

Adding an extra step to the retail automotive sales process seems like a crazy idea.
But...what if that extra step can potentially create savings for consumers, as well as an average of $538 in F&I gross on the backend for dealers? Would that be an extra step worth taking?
Ryan Fitzgerald, VP of Business Development at DealerPolicy, thought so. He and his company created a seamless integration that empowers dealers to connect their customers to licensed DealerPolicy Insurance agents so they can get great deals on auto insurance – at the point of sale. When customers save money on auto insurance through DealerPolicy before signing on the dotted line, dealers may turn those savings into potential profits or higher margin vehicles at the store. Happy customers, happy dealers.
Ryan visited The Walk Around podcast to chat about the early days of DealerPolicy and the impact his company has had on both dealers and consumers. In this episode, we’ll discuss:

How auto insurance at point of sale created other opportunities for profits
What we hope to experience in our industry, in 2022
How dealers can introduce new products and services to the sales process

Ryan leaves us with a key takeaway: seamlessness makes a big difference. Vendors that refine the technology dealerships use to offer consumers the best value possible can win big in 2022.
Born into a retail automotive family, Ryan began his professional career at a young age. From assisting with test drives to owning his own independent dealership, Ryan has hands-on experience in the industry. After completing his studies at the University of Vermont, Ryan also achieved success for many years as an investment banker – before returning to the automotive industry to build what would become DealerPolicy.
Like this episode? Check out JM&A Insider for more content like this.
Released:
Dec 20, 2021
Format:
Podcast episode

Titles in the series (77)

A car dealership podcast that brings all things automotive to your listening ears! Learn how to grow your dealership, or grow your automotive career with sales, Finance, Fixed Operations, and Leadership insights.