icon-branding Events Icon Created with Sketch. Inventory Icon Created with Sketch. icon-mail-hovericon-mail Marketing Icon Created with Sketch. icon-operationsicon-phone-hovericon-phone Product Training Icon Created with Sketch. Sales Icon Created with Sketch. Service Icon Created with Sketch. icon-social-fb-hovericon-social-fbicon-social-google-hovericon-social-googleicon-social-linkedin-hovericon-social-linkedinicon-social-rss-hovericon-social-rss icon-social-twitter Created with Sketch. icon-social-twitter-hovericon-social-twittericon-social-youtube-hovericon-social-youtube

Research

2015 Online Retail F&I Study

Share

Facebook Share Tweet Linkedin Share Email Email

Article Highlights

  1. Negotiating and applying for credit are two aspects of the car-buying experience that are particular sources of anxiety for consumers. Despite their general anxiety and reluctance around F&I, 84% believe F&I products have real value and 72% of shoppers indicated that they are still interested in learning more about F&I products and services. Dealers should consider adopting tools and technology that can allow shoppers to research F&I products on the dealership website—potentially earning them more F&I sales.

In an effort to better understand the consumer mindset when it comes to F&I and uncover revenue opportunities for dealers, we conducted a survey of 500 consumers who either recently purchased or were actively shopping for a car. The purpose of the study was to:

  • Understand consumer feelings toward F&I products and services and their current process of learning about and purchasing them
  • Measure current consumer awareness and knowledge of F&I products and services
  • Determine if consumers already know what F&I products they want to purchase or if they depend upon the dealer for education and encouragement
  • Evaluate the potential impact on F&I product sales if the education and sales process is brought online

2015 Online Retail F&I Study

Learn more about how you can drive influence and preference for F&I products at your dealership.

Download

Featured Solution

Tariffs: Our Insights

The Cox Automotive Economic and Industry Insights team is closely monitoring tariff developments and regularly publishing insightful commentary and analysis as appropriate.

READ THE LATEST

Sign up here to receive bi-weekly updates on news and trends dominating the automotive industry.

Tags