Autoflow partners with Facepay to help boost profits and workflow for auto repair shops

Autoflow partners with Facepay to help boost profits and workflow for auto repair shops

Autoflow partners with Facepay to help boost profits and workflow for auto repair shops

Data shows that our top shops use the Autoflow DVI because the workflow requires less effort from service advisors to accept customer payments due to the latest in instant banking payment options.”

— Dr. Mark Hale, founder of Facepay

DALLAS, TEXAS, USA, January 27, 2023 /EINPresswire.com/ — Autoflow announces its partnership with Facepay, the only platform that increases profits by eliminating credit card processing (transaction) fees. Facepay frees shops from being stuck with existing credit card processors and allows them to provide customers with payment options, including contactless, monthly installments, and service subscription plans.

“Data shows that our top shops use the Autoflow DVI because the workflow requires less effort from service advisors to accept customer payments due to the latest in instant banking payment options,” shares Dr. Mark Hale, founder of Facepay. “When deciding where they’ll continue to get their vehicles serviced, today’s tech savvy customers expect a repair shop to be digital at all touch points.”

“Autoflow clients are uniquely equipped to leverage Facepay through automated texting in their workflows. If you want to offer a profitable payment experience, it’s as easy as adding your Facepay link to Autoflow’s text-to-pay link that is sent to customers when it’s time for payment,” explains Craig O’Neill, Autoflow’s vice president of training. “Setting the repair shop client’s expectations early on regarding payment options promotes the adoption of Facepay, making payment effortless for all, as well as preserving shop profits.”

Learn more in the following webinar recently hosted by Mark Hale, featuring guest speaker, Craig O’Neill, as they discussed the simple yet powerful tools that service advisors can use as they communicate

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The 3 Best Car Stocks to Buy for Potential Profits in 2023

Over the past year, the automotive industry has faced challenges such as shortages of chips, high inflation, and rising interest rates. Total new vehicle sales in the United States declined 8% year-over-year in 2022, registering its worst performance in over a decade.

However, the sale of electric vehicles (EVs) rose 65% year-over-year, increasing almost two-thirds compared to 2021. In 2022, EVs accounted for 5.8% of all new car sales in the United States, up from 3.1% in 2021. With more manufacturers launching EVs, the automotive industry is expected to witness strong demand in the long term.

Additionally, car manufacturers are expected to benefit from the CHIPS and Science Act as it is anticipated to enhance their production capabilities by reducing their dependence on foreign chip suppliers.

According to S&P Global Mobility, U.S. new vehicle sales in 2023 are expected to be 14.80 million, while Cox Automotive forecasts sales of 14.10 million units, coming in higher than the 13.90 million units sold last year.

Toyota Motor North America’s executive VP Jack Hollis said, “We’re cautiously optimistic about the future. In 2023, there will be an uptick not quite as high as we would love it to be but going in the right direction.”

Therefore, it could be wise for investors to buy fundamentally strong car stocks General Motors Company (GM), Honda Motor Co., Ltd. (HMC), and Subaru Corporation (FUJHY).

General Motors Company (GM)

GM designs, builds, and sells trucks, crossovers, cars, and automobile parts and accessories worldwide. The company operates through GM North America; GM International; Cruise; and GM Financial segments.

In terms of forward non-GAAP P/E, GM’s 5.10x is 65.1% lower than the 14.59x industry average. Likewise, its 10.46x forward EV/EBIT is 22.4% lower than the 13.49x industry average.

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