As recalls continue to rise, there may be growing opportunities for dealers. CEO of WarrCloud Inc. Jim Roche suggests that actively managing recalls can grow service revenue. Here's how dealers can maximize recall work and enhance their service departments. ? Stream the Car Dealership Guy Podcast now on your favorite platform. #WarrcloudPartner
WarrCloud Inc.
机动车制造业
Automating OEM claims at car dealerships with AI. Processing claims in 28 seconds.. Saving dealerships $1000s.
关于我们
We increase car dealership profitability by revolutionizing warranty claims processing with our first-of-its-kind cloud technology, powered by advanced machine-learning. - Warranty revenue +10% - Up to 60% lower processing costs - Warranties processed 5x faster ?? Curious how much your dealership could save? Get a free analysis at warrcloud.com
- 网站
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https://www.warrcloud.com
WarrCloud Inc.的外部链接
- 所属行业
- 机动车制造业
- 规模
- 11-50 人
- 类型
- 私人持股
- 创立
- 2017
- 领域
- warranty claim procecssing、car dealership profitability和machine learning
WarrCloud Inc.员工
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Marco Thompson
Angel Mentor @ EvoNexus, Express Ventures, SDSI
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Steve Greenfield
General Partner at Automotive Ventures | Author of the book "The Future of Automotive Retail" | Author of the weekly "Intel Report": sign-up at…
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?? Teresa Bordenet
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Thomas Lamprecht, PMP, CSM
Product Owner AI/Integrations at WarrCloud Inc.
动态
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A great interview with our CEO Jim Roche, where he touched on how WarrCloud is reimagining the warranty process, current market conditions and much more. Give it a listen below ????
The avg. warranty claim takes 22 minutes to process: But what if there was a way to do it in 28 seconds? I recently spoke to Jim Roche, founder and CEO of WarrCloud Inc., on the Car Dealership Guy Podcast to find out how. Top insights learned from Jim: Service is more important than ever. — Dealership profit drivers swing between sales and fixed ops. — Currently, gross profits for new and used vehicles are down 34.4% and 19.3%, respectively. — And it’s pushing dealers to prioritize fixed ops and find new ways to optimize service. Reimagining the warranty process. — Dealers spend $70K on warranty processing, with each claim taking 22 minutes. — Smartsourcing, or intelligent outsourcing, allows dealers to submit claims to a third party. — The third party then uses automation to review the claim and send it to the manufacturer. Why warranties are so important. — Warranty work is up 7.6% YoY, while customer pay is up 4.4%. — This means that warranty volume and revenue are both higher than in 2023. — Speeding up the warranty process can allow dealers to drive even more profit from fixed-ops. A closer look at market conditions. — New vehicle sales have risen over the last year, boosting the number of under-warranty cars. — EVs, whose warranty costs are 300% greater than ICE vehicles, are becoming more popular. — EV and new vehicle sales are expected to remain healthy, leading to bigger warranty revenues. Automating warranty claims. — Right now, 60% of warranty claims can be automated, but only for specific brands. — Eventually, this will rise to 80% and include every brand. — Automating warranty claims cuts the processing time down to seconds instead of minutes. The full episode is live! Stream it now — YouTube:?https://lnkd.in/e6Bd8PGH Apple:?https://lnkd.in/eV2YgAH7 Spotify:?https://lnkd.in/ettCppwD
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See our latest article in the St. Louis Buisness Journal #expansion #growth https://lnkd.in/d3QFjdkK
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Great energy and inspiration at our recent virtual All Hands!?It was fantastic hearing from our CEO, Jim Roche, on the vision ahead and taking a moment to recognize some incredible teammates who went above and beyond this quarter. Shoutout to John Lanphear, Erin Burdine, Michelle Walker, Brianna Bunn, and Jenn Alonzo! Their hard work and dedication drive us forward. Here's to more collaboration, growth, and success together!? #Teamwork #Leadership #EmployeeRecognition #CompanyCulture #RemoteWork?
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Check out our very own Jim Roche in this edition of Fixed Ops Magazine as he discusses the tectonic shifts happening in our industry and how it’s affecting automotive service departments across the country.
The Tectonic Shift in Automotive Service
Fixed Ops Magazine，发布于领英
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Thank you to Ron Overs and the team at Fixed Ops for allowing me to share my views on coming shifts in the automotive service landscape. https://lnkd.in/gy34MWqT
Fixed Ops Magazine 2024 Vol 21-4
magazine.fixedopsmag.com
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WarrCloud is pleased to announce that our Founder & CEO Jim Roche has been chosen as a speaker at the 2025 NADA in New Orleans. Jim’s topic will be “Navigating the Shifting OEM Warranty Landscape”. We are excited to share with you the state of warranty processing in the age of AI at NADA in New Orleans in January 2025. #NADA2025 #AI #WarrantyInnovation
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We just concluded our quarterly All Hands! Each time, we are amazed by how much our team has grown -- to the point that we cannot fit on one screen! ?? We would like to take a moment to congratulate some of our team members who were recipients of the Spotlight ? Awards. This award is given to those who go above and beyond and we recognize our people on a quarterly basis. Gena, Jill, Ashley B., Carlie, and Claire, great job, and thank you for all you do -- and for leading from the front! ???
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Creating a solid service culture means having customer service ingrained in your DNA. Hear more from @JimRoche on the current state of the industry and more in our latest podcast with @cardealershipguy Watch the full episode here -https://lnkd.in/dxW8Qztt