Two months since start-up, automotive
specialist IT provider Quotevine has signed sister manufacturers
Hyundai and Kia to the company’s Term Manager software system.
Although the software is capable of handling retail
finance, the two brands will trial the cloud-hosted system,
foregoing the need to manually generate and pursue offers, to
communicate fleet pricing terms and manage incentives with leasing
companies.
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According to Daniel Layne, technology officer
at Quotevine, both marques grew fleet sales by 50% in 2011 and now
account for more than 50,000 aggregate fleet sales a year, an
approximate quarter of which go to leasing companies.
Layne said the benefit of using Term Manager
for Hyundai and Kia would be “increase efficiency in managing their
prices, shorter time to market for campaigns and therefore
increased competitiveness in the fleet market.”
Fleet managers at both brands,
which have recently begun offering retail finance deals through a
joint venture with Santander Consumer Finance, have already
complemented the system and its “intuitive” and speedy
implementation.
richard.brown@vrlfinancialnews.com
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