EFG Companies, the innovator behind the award-winning Hyundai Assurance program, today announced the debut of its modular Training Subscription Service that, when piloted during the pandemic, resulted in an 18 percent lift in profit per unit sold (PRU) for clients post-training. For more information visit: https://bit.ly/2Tf9TPL
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210608005291/en/
EFG Companies' Training Subscription Service is proven to boost dealer profit and performance for retail automotive, powersports, and independent dealers by as much as 18 percent in profit per unit sold for clients post-training.(Photo: Business Wire)
EFG’s subscription-based training model includes both digital and in-person options, delivering timely tools in a learning environment that works best for each employee. The service also supports the new digital retailing model many automotive and powersports retail dealers are rolling out.
When the pandemic forced dealers to pivot their sales model for both in-person and online sales, EFG was ready. Aside from the company’s award-winning in-person classroom training, EFG had invested heavily in building its media-rich digital training platform. This foresight allowed EFG’s trainers to continue driving dealer success through live, on-demand training. Additionally, students were provided with an in-depth library of training articles, videos, and podcasts on topics ranging from compliance and overcoming objections, to adjusting to the “new norm.”
“Our 1-year training subscription model is designed to provide dealers with a defined cadence, resulting in significant performance improvements,” said Eric Fifield, Chief Revenue Officer, EFG Companies. “In March 2021 alone, the automotive industry saw a significant rebound in sales. However, our partners who are taking advantage of EFG’s Training Services saw 30 percent higher performance increases over clients not utilizing our training.”
“We have used EFG’s in-classroom training for decades, and over the last few years began taking advantage of the company’s digital platform,” said George Vasquez, the General Sales Manager with Moritz Kia Fort Worth. “Now, with a subscription service bringing both together from a formal training strategy and pricing standpoint, we see yet another opportunity to accelerate our success and increase our performance standards due to EFG’s partnership.”
EFG’s Training Subscription Service is available through a combination of in-person classes, virtual distance learning, virtual breakout sessions, virtual coaching, as well as 24/7 access to EFG’s online L.O.V.E. training portal. Dealer management can select their preferred subscription package across a wide variety of curriculum, benefiting from up to a 20 percent discount from standard training rates.
About EFG Companies
EFG Companies, the innovator of the award-winning Hyundai Assurance program, provides clients with more than 40 years of industry leading consumer protection programs in the automotive and residential real estate industries. Operating as an extension of its clients’ management teams, EFG consistently delivers solutions to increase client profitability, market share and market reputation, resulting in a client satisfaction Net Promoter score that is higher than national corporate leaders such as Nordstrom, USAA Banking and Insurance, Ritz Carlton, Amazon and Netflix. Learn more about EFG at: www.efgcompanies.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210608005291/en/
Contacts
Marcia Barnett
214-868-8861
