One of the most effective strategies for achieving this is by leveraging online systems to sell general insurance products. This approach not only enhances customer convenience but also drives significant revenue growth for dealerships.

The Digital Advantage

Online sales of insurance products offer a multitude of benefits. By utilising our VAP Boost tool, dealerships can extend their reach beyond the showroom, allowing customers to explore and purchase these products at their own pace.

This self-serve model empowers consumers to make informed decisions, ultimately leading to higher conversion rates and increased customer loyalty.

Enhancing Customer Experience with Comprehensive Coverage

General insurance products provide essential coverage that can protect both the vehicle and the owner. These products include GAP, extended warranties, tyre and alloy insurance, and more. By offering these products online, dealerships can provide a seamless and convenient purchasing experience, ensuring customers have access to the coverage they need without the pressure of in-person sales interactions.

Driving Revenue with Strategic Product Offerings

Selling insurance products online allows dealerships to showcase valuable offers that truly benefit the customer. This approach gives customers the freedom to make timely decisions at their own pace, without feeling rushed. Meanwhile, your staff can concentrate on what they do best – selling vehicles. This strategic focus not only enhances customer satisfaction but also boosts your dealership’s revenue.

Seamless Integration and Compliance

The entire purchase process, from product selection to payment, is integrated with the dealership’s existing payment system, making it convenient for consumers to complete their transactions online. Additionally, automated, branded emails engage customers with timely recommendations, ensuring they are aware of the available and relevant product options.

These emails are sent to customers who have been recommended products through The ACL Hub compliance system, ensuring a targeted and compliant approach. Customers can self-serve with your product provider, making the process easy and efficient. We are integrated with all main product providers, making it simple to bring this process online.

What should you do?

Embracing the digital shift to online sales of general insurance products represents a significant opportunity for dealerships to enhance profitability and customer satisfaction. By leveraging systems like VAP Boost, dealerships can provide a convenient, compliant, and efficient way to offer essential coverage to customers, ensuring they are protected in various ways.

For more information about VAP Boost or to schedule a demo, click here.

The post Sell Value Added Products Online appeared first on Automotive Compliance Ltd.

Is your system protecting you, or is it just ticking boxes?

Future-Proof Your Compliance

Regulations will continue to change, but with Automotive Compliance, you’re always prepared. Our system is built to evolve with the industry, ensuring you remain compliant and protected—allowing you to focus on other things.

Expert Support from Automotive Compliance Specialists

Having the right system is crucial, but having the right people behind it makes all the difference. Our dedicated field team of automotive compliance specialists work with you daily to ensure you stay ahead of regulations, providing hands-on support and guidance tailored to your dealership

Simplify Compliance with Seamless System Integrations

We know that dealers need streamlined solutions, not extra admin. That’s why our compliance system integrates effortlessly with leading dealer platforms such as Dealerweb, Pinewood, Navigator, and EnquiryMax, to name a few. These integrations mean:

• No more rekeying: data flows automatically, reducing errors and saving time.
• Real-time compliance tracking: keep up with FCA requirements effortlessly.
• Enhanced reporting: meet regulatory demands without the hassle.

Let’s Get You Set Up

Don’t wait until you get an FCA audit to realise your system is outdated. Get in touch today to find out how Automotive Compliance can simplify your compliance processes and keep you ahead of the game.

Call 01452 671 570 or click here to book a free consultation and see how much you could save.

The post Is Your Compliance System Up to Date? appeared first on Automotive Compliance Ltd.

We understand these challenges, and that’s why we are committed to supporting dealers with the expertise, tools, and guidance needed to navigate FCA compliance efficiently and cost-effectively.

The Compliance Challenges Dealers Are Facing

1. Economic Crime Levy Advice – Many dealers are unsure whether they need to pay the levy and how it impacts them.
2. Annual Consumer Duty Attestation – Ensuring compliance with the latest FCA consumer duty requirements is a key priority.
3. Commission Disclosure – Dealers must ensure they are fully compliant with the latest FCA expectations on transparency.
4. Cost of External Legal Advice – Seeking professional guidance to interpret new regulations and FCA updates can be expensive.
5. FCA Guidance – Many dealers have found that contacting the FCA directly may sometimes result in general guidance that lacks the specific clarity needed to address their concerns fully.
6. Rising Compliance Costs – The cost of maintaining compliance is increasing, with FCA fees for credit broking permissions rising by 39% since 2022.
7. Professional Indemnity Insurance Costs – Insurance premiums for compliance-related coverage are on the rise.
8. Regulatory Distractions – Keeping up with FCA updates and requirements is taking valuable time away from business operations.
9. FCA Returns & CP24/19 – Dealers are required to submit more frequent and detailed returns, adding to their administrative burden.

How We’re Helping Dealers Stay Ahead

To address these challenges, we provide a comprehensive support package designed to keep you informed, compliant, and focused on running your business:

• Regular FCA Updates – We keep you informed about regulatory changes and what they mean for you.
• Membership Helpline – Get expert compliance advice when you need it.
• One-Day Clinics – Request a one-on-one session with our compliance specialists.
• Software & Integration Solutions – Streamlining compliance processes to save time and reduce errors.
• Board Meeting Support – We can present at your board meetings to update your leadership team on compliance risks and obligations.
• Dedicated Compliance Oversight Manager – An industry expert with dealership experience as your personal point of contact.
• A Team That Cares – Always ready to help, ensuring that compliance doesn’t become a roadblock for your business.

Stay tuned for our next blogs, where we’ll take a deeper dive into specific areas, including rising compliance costs and how to effectively manage FCA returns.

If you need expert FCA compliance support, contact us today by clicking here.

The post You Are Not Alone: Tackling FCA Compliance Challenges Together appeared first on Automotive Compliance Ltd.

By offering a self-serve platform directly from a dealer’s website, VAP Boost seamlessly links with existing marketing efforts and integrates directly with VAP product providers.

Dealerships can now sell products like GAP insurance, extended warranties, and other VAPs to their customers remotely—without any need for in-person interaction—while staying fully compliant with FCA regulations.

What VAP Boost Gives You:

• Take VAP Sales Beyond the Showroom:
  VAP Boost provides an opportunity for dealerships to extend the sales process beyond the physical location. With a dedicated link on the dealership’s website, customers can revisit their options at their own pace, giving them another chance to purchase products they may have missed in the showroom.
• • Purely Online, Self-Serve Solution: Customers can explore and purchase VAPs entirely online, eliminating the need for face-to-face sales. This hassle-free approach empowers consumers to self-serve and choose the products that best suit their needs.

• • Automatic Product Registration: Once a customer makes a purchase, the product is automatically registered with the relevant provider, ensuring a smooth and seamless process for both the customer and the dealership.

• Website Integration for Easy VAP Access:
  Dealerships can prominently display their VAP offerings, both regulated and non-regulated, on their website. This link is regularly updated with any changes from VAP providers, ensuring customers always see the most current product information.
• • Linked to Your Payment Provider: The entire purchase process, from product selection to payment, is integrated with the dealership’s existing payment system, making it easy for consumers to complete their transactions online.

• • Always Up-to-Date: Product listings are automatically updated in real-time to reflect the latest offerings from providers, keeping dealerships compliant and accurate in their marketing.

• Automated, Branded Emails to Engage Consumers:
  VAP Boost sends timely, dealer-branded emails to customers, recommending relevant VAPs, such as GAP insurance. These emails give consumers another opportunity to consider products after the initial vehicle purchase.
• • Timely Recommendations: Automated emails are triggered based on customer activity, ensuring product recommendations arrive when they’re most relevant—like a GAP insurance reminder a few days after a vehicle sale.

• • Dealer Branded: All communications are branded to the dealership, reinforcing trust and maintaining brand consistency throughout the sales journey.

• • Compliant Process for Selling VAPs Remotely: The fully automated sales process is FCA-compliant, ensuring that all product offerings, communications, and transactions adhere to legal requirements, even when conducted outside the dealership.
• Track & Report on Sales Activity:
  Dealers benefit from comprehensive reporting, allowing them to track the effectiveness of email campaigns and online sales activity. This data provides insights into customer behaviour, giving dealerships the ability to adjust marketing strategies and optimize sales efforts.

VAP Boost is a transformative, purely online solution that extends the dealership’s reach, allowing customers to self-serve at their convenience. This innovative platform not only increases the likelihood of VAP purchases but also integrates seamlessly with a dealer’s marketing and sales strategy while keeping the entire process compliant.

For more information about VAP Boost or to schedule a demo, click here.

The post Automotive Compliance Launches VAP Boost: A purely online, compliant solution for selling value added products outside the showroom appeared first on Automotive Compliance Ltd.