Cox Enterprises Inc.
Jan 10, 2019
EXTON, Pa., Jan. 10, 2019 /PRNewswire/ -- HomeNet Automotive, a leading inventory merchandising provider, announced the launch of SnapLot 360, a 360 degree capture solution that drives increased visibility to dealers' online sales platforms through an iOS and Android compatible application.
SnapLot 360 technology provides dealers the ability to manage the following through the app:
"SnapLot 360 is an evolution of the digital showroom, delivering a three-dimensional view of a vehicle's interior and exterior that separates dealers from the competition, while empowering customers to explore dealership inventory from any device. A more immersive experience than traditional video, SnapLot 360 provides a higher level of engagement and transparency that customers need to make more informed—and faster—buying decisions," said John Hensman, Vice President, General Manager of HomeNet Automotive. "This new technology furthers our proven philosophy that transparency builds trust, which results in more sales for dealers."
Vehicle merchandising that included photos and videos were the first stops in differentiating dealerships online. As the industry has evolved, technology advanced, and shoppers continue to become savvier, customers demand a more dynamic online shopping experience. Market research indicates that a personalized online shopping experience can help dealerships drive sales and increase margin.
According to a HomeNet research study, 83% of dealer believe they can increase turn if they improve online merchandising, but only 10% thought their online presence was highly differentiated. These insights are supported by a Cox Automotive report, Working Deals in a Digital World, which identifies "dealers who infuse a customer-centric approach to their sales process, allows them to protect margins, improve workflow and increase customer satisfaction."
"Customers have become more educated; they know their options and how to find the inventory they're interested in. We also know that they seek out a heightened online user experience that's personalized and easy to engage with," continued Hensman. "With SnapLot 360, dealers can serve their customer dynamic content with ease."
HomeNet launched a pilot program with customer to test the SnapLot 360 technology and the initial results have exceeded expectations.
"We're a dealership group that wants to stay ahead of the curve and SnapLot 360 helped us differentiate ourselves online from the start. It's easy to use and adds a lot of value to our online listings. If you have a product that improves the customer experience while making you more efficient, it's a win/win for the dealership. The bottom line is we're selling more cars since we've started using SnapLot 360," said David Simches, Used Car Group Director, Crown Auto Group.
To see SnapLot 360 inaction, visit: https://www.homenetauto.com/products/snaplot-360.asp.
HomeNet Automotive is the leading retail automotive authority for online vehicle merchandising insights and services to help dealers and partners maximize inventory visibility and profitability. Founded in 1999, HomeNet's suite of efficient, simple-to-use products import and syndicate inventory data, photos, and other content for more than 19,000 dealership rooftops across the U.S. and Canada, to more than 2,100 online destinations every day. Our vehicle merchandising solutions include comprehensive data and photos – mapped from multiple sources – to efficiently showcase inventory with rich, engaging content that today's vehicle buyers expect. Headquartered near Philadelphia, Pennsylvania, HomeNet Automotive is a Cox Automotive Brand.
About Cox Automotive
Cox Automotive Inc. makes buying, selling, owning and using cars easier for everyone. The global company's 34,000-plus team members and family of brands, including Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime®, are passionate about helping millions of car shoppers, 40,000 auto dealer clients across five continents and many others throughout the automotive industry thrive for generations to come. Cox Automotive is a subsidiary of Cox Enterprises Inc., a privately-owned, Atlanta-based company with revenues exceeding $20 billion. coxautoinc.com
SOURCE HomeNet Automotive
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