Advent Resources Launches Latest Version of All-in-One Car Sales System, Addresses
FTC Car Dealer Regulation Proposals
Advent Advantage features even more robust capabilities to help dealers capture every penny
of profitability on every deal, in the most efficient way possible.
DALLAS, April 27, 2023 /PRNewswire-PRWeb/ -- Advent Resources, creator of the most
sophisticated all-in-one car sales system for dealers, today announced the launch of Advent
Advantage. This latest version of the company's high-performance sales system features even
more robust capabilities to help dealers capture every penny of profitability on every deal, in
the most efficient way possible.
For over 35 years, Advent has brought together complex components of the car deal, refined
each step, and simplified them into a single selling process. This fully digital platform is used
from the first interaction with the consumer all the way through to the e-signing ceremony. It
eliminates the need for dealers to switch between bolt systems, saving hundreds of dollars
on every transaction in costly rewrites, wasted man hours, and long processing times.
The deal is the most important part of the car sale, yet today's dealers toggle between
multiple systems with different numbers; said Ben Gill, CEO of Advent Resources.
Calculations are all over the place for interest rates, taxes, and payment amounts, forcing
dealers to adjust and then readjust payments so they match. During this process, they;re losing
tens to hundreds of dollars on every deal while putting themselves at significant compliance
risk. Advent is the single source of truth that has powered millions of transactions for some of
the nation's largest and most successful dealers. We're here to help all dealers navigate a
wildly unpredictable industry and the changes that lie ahead."
Advent Advantage is fully digital, from quoting and selling in one digital application, to real-time
funding, e-contracting, and e-signing in store, online, or in the driveway. This empowers
dealers to offer a fully digital buying experience, which is becoming more important than ever
to a large and growing segment of consumers (60%) who now expect to complete their vehicle
purchase entirely online 1 , and an even larger segment (73%) who say they're willing to try it 2 .
Advent helps dealers meet customers wherever they are and however they want to transact.
What's more, it helps dealers preserve every penny of profitability on every transaction. This
has never been more critical, considering current challenges and those that are on the horizon.
The new normal is abnormal, said Gill. From EVs to agency models, margin compression,
inflation, skyrocketing interest rates, post-boom sales declines, out-of-whack used car prices,
and increasingly stringent regulations, dealers need every penny of profitability."
Gill says one of the reasons Advent has been so successful with its current clients is its ability
to cut transaction times by 50% compared to other systems and the ease with which it
integrates into a dealership's DMS, CRM, and digital retailing partners, as well as dealer,
lender, state, and OEM documents.
Time is money, said Gill. & we are able to cut times in half by digitizing and simplifying each
step in the process, with one set of accurate numbers presented to the customer at every
stage. If dealers ever need help, they receive white glove, US based customer service support
in real-time, with 100% follow through. Our customer service is the best in the business."
Gill says one of the most important aspects of Advent is its compliance risk mitigation.
In addition to the latest crackdowns on deceptive dealership price advertising practices by
various state Attorney Generals, the FTC has proposed sweeping regulations on car
dealership price advertising and F&I product disclosure. Roughly 54% of dealers surveyed
believe the FTC's proposed regulations would be a net negative 3 .
In answer, Advent calculates the deal correctly the first time, every time, with consistent and
accurate interest rates, residuals, taxes, fees, and payment amounts presented to the
customer at every step.
Dealerships can run into serious legal problems if they are not working from one set of
numbers," said Gill. "It's important to have a single set of numbers for regulatory purposes, and
it's equally important to have a single set of numbers for your customers because closing rates
increase drastically when you do. What's more, dealers prevent significant losses in gross
profits."
Since the company inception, the Advent Resources team has diligently collaborated with the
automotive ecosystem, integrating complex capabilities, and then iterating and reiterating to
develop a near perfect sales workflow.
Dealers have been largely underserved by our industry,& said Gill. The systems theyre using
are broken and have been for years. They deserve better and were here to help.
1 Highlights from 2022 Cox Automotive Car Buyer Journey Study, Automotive News, January 26, 2023.
2 Highlights from 2022 S&P Global Mobility Study, Automotive News, January 26, 2023.
3 Proposed FTC regulations met with dealer hesitancy," Automotive News, March 11, 2023.
About Advent Resources
Advent Resources is the creator of the most sophisticated all-in-one car sales system for
dealers, used from the first interaction with the consumer all the way through to the digital
signing ceremony, without the need to switch between multiple platforms with differing data. It
seamlessly integrates with a dealership& DMS, CRM, and key digital retailing partners, as well
as dealer, lender, state, and OEM documents. Market tested and proven to reduce sales
transaction times by 50%, Advent helps dealers capture every penny of profitability on every
deal, in the most efficient way possible. Advent has been refined and optimized for over 35
years to provide the most elegant customer experience for dealerships; unmatched, real-time
white glove customer service with 100% follow through; and mitigation of compliance
violations. For more information, visit https://www.adventresources.com/.