Sarkis Karapetyan
North Hollywood, CA (USA)
Role(s):
C-Level Executive (CEO, CFO, etc.)
Point Automotive
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Startup
Location:
North Hollywood
Industry:
Automotive
Year Founded:
2017
Number Employees:
10-50 people
Business Stage:
Growth (profitable)
Entity Type:
Limited Liability Company
Description:
Point Automotive is building a network of people to use our services via app to do business with one another pertaining to new and used vehicle inventory in our database for dealership sales, insurance agencies, vehicle services, rentals, etc.
Point Automotive is a network of professional car salespeople, insurance agencies, and automotive retailers offering their services via app. This product allows options to be chosen by our customers pertaining to their car and VIN.
When our broker’s sell dealer vehicles, they take 60% of the offered commission. Customers now can refer business to that broker via customer app. In the this customer app, not only does it refer and market to others but also allows them to see active trade-in values for their car, request insurance quotes from our partners, sell their vehicles, rent their cars, refinance, and the list goes on. Anytime customers are satisfied and have completed their transaction, a $5 fee will be incorporated into the service fee.
We as a company have partnered up with industry vendors to allow our services to be conducted efficiently. MarketScan is one, this company allows us to retrieve lender data on a specific car/VIN, which allows our brokers to close potential deals. Insurance agents will quote customers via app in moments tailored to our customers insurance profile and VIN.
Customers are also given market values for their vehicles to trade, sell, and/or rent their current car. As our company grows, we plan to offer other convenient features.