Autovance Technologies Announces Release of F&I Menu
February 11 2020 - 6:45AM
Autovance (a Quorum company TSX-V: QIS), a software development
company specializing in digital retailing solutions for auto
dealers, announced the release of its next generation F&I Menu
functionality today. The menu is immediately available as an
option to Autovance’s Desk, an industry leading cloud-based desking
system for automotive dealers.
Early adopters of this new technology are enjoying very strong
success. A case study is now available on the Autovance website
that demonstrates how one dealer increased their new vehicle
average retail F&I profits by over 50% in just the first six
months of use.
“Over the last two years we have focused on analyzing how the
retail automotive industry is shifting and what dealers can do in
their F&I department to engage with customers how they want,
while still maintaining strong per vehicle gross profits,” says
Autovance Vice President, Rick Johnston. “We have already enabled a
number of dealerships with the powerful new F&I Menu and the
results they have realized are remarkable!”
Autovance invites dealerships to come see its Desk and F&I
Menu products at the NADA Show in Las Vegas February 15th – 17th,
2020 (Booth #3292C).
About Autovance Founded in 2010, Autovance
Technologies, Inc. (Autovance), based in Lethbridge, AB, is the
leading web-based desking and F&I menu tool for dealers who
want to improve their per-vehicle gross profit, increase their
lease penetration, and focus on customer satisfaction. Autovance
Desk and Menu provides dealers’ customers a clear set of options so
they can make an informed buying decision. Dealer groups and
dealers representing 29 brands across Canada have chosen Autovance
to help manage the negotiation phase of their sales process.
Autovance is wholly-owned by Quorum Information Technologies
(Quorum) (TSX-V:QIS). For additional information please go to
www.autovance.com.
About Quorum Information Technologies
Inc.Quorum is a North American company focused on
developing, marketing, implementing and supporting its portfolio of
software and services for automotive dealerships and is traded on
the Toronto Venture Exchange (TSX-V) under the symbol QIS.
For additional information please go
to http://www.quoruminformationsystems.com/.
Forward-Looking InformationThis
press release may contain certain forward-looking statements and
forward-looking information ("forward-looking information") within
the meaning of applicable Canadian securities laws. Forward-looking
information is often, but not always, identified by the use of
words such as "anticipate", "believe", "plan", "intend",
"objective", "continuous", "ongoing", "estimate", "expect", "may",
"will", "project", "should" or similar words suggesting future
outcomes. In particular, this press release includes
forward-looking information relating to results of operations,
plans and objectives, projected costs and business strategy.
Quorum believes the expectations reflected in such
forward-looking information are reasonable but no assurance can be
given that these expectations will prove to be correct and such
forward-looking information should not be unduly relied upon.
Forward-looking information is not a guarantee of future
performance and involves a number of risks and uncertainties some
of which are described herein. Such forward-looking information
necessarily involves known and unknown risks and uncertainties,
which may cause Quorum's actual performance and financial results
in future periods to differ materially from any projections of
future performance or results expressed or implied by such
forward-looking information.
Neither the TSX Venture Exchange nor its
regulation services provider (as that term is defined in the
policies of the TSX Venture Exchange) has reviewed this release and
neither accepts responsibility for the adequacy or accuracy of this
release.
Contact: |
Autovance Technologies Inc. |
|
(855) 388-0145 |
|
media@autovance.com |
PDF
available: http://ml.globenewswire.com/Resource/Download/a3470415-8756-492e-af55-9429d9f56f30
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