Business View Magazine l November 2022

BUSINESS VIEW MAGAZINE VOLUME 9, ISSUE 11 of their orders. “We need to stay in constant communication with our customers, so they don’t feel like they need to call us to get an answer. We want to be proactively giving the updates.” Like most dealers, Annapolis Cars is preparing for the continued influx in electric vehicle (EV) purchases in the coming months and years. Ferrogine says there is a waiting list for most EV makes and models across all brands that the business sells. Volvo intends for all of its vehicles to be electric by 2030 and other brands like Hyundai, Subaru, and Genesis are increasing the number of EV models they offer. Having more EVs will have a major impact on the service department as well, and Annapolis Cars is making the necessary changes to support that. The company is investing in several facility upgrades, not just to support EVs but also ongoing business growth. Its expanded bay in Delmar and larger service areas at other Annapolis-based dealers will support the need Laying the Groundwork for the Future. As the automotive market changes and grows – particularly the EV market – there are exciting opportunities to build brand loyalty and grow. Fortunately, Hyundai Motor Finance has several leasing options that can help Floor Plan Dealers do just that. For example, Floor Plan Dealers are eligible for an EV Charging Facility Lease. It offers funding for EV chargers and peripherals, as well as for fuel cell EV fueling stations and an EV maintenance facility. While the Hyundai Signage Lease reduces initial investment in things like building and dealership name, service drive and directional signage and pylons by up to 30% with no up-front costs. Hyundai Motor Finance also offers a Frictionless Loan Origination (FLO) that helps streamline processes by automatically reading and validating data, like income verification, to help reduce the need for manual processing and ultimately increase dealer and customer satisfaction. As a dedicated lease partner, Hyundai Motor Finance is ready to help. For more information on becoming a Floor Plan Dealer and on our available lease programs, visit us at hmfdealeraccess.com. ...... For more information, please visit our website hmfdealeraccess.com ANNAPOL I S CARS