Modal Empowers Dealerships Online

Modal is a digital platform that helps traditional car dealerships modernize their sales process and compete with online-only car retailers. It's essentially "Shopify for car dealers" that digitalizes the car buying workflow.

Key Points:

• Core Product Features:

  • Digital storefront and checkout system for dealers
  • Online buy buttons that can be shared with customers
  • Automated paperwork processing for loans and leases
  • Digital title transfer workflow

• Value Proposition:

  • Boosts dealer sales by ~30-35%
  • Shortens the purchase cycle time
  • Helps traditional dealers compete with online-only platforms
  • Eliminates hour-long paperwork sessions at dealerships

• Target Market:

  • Traditional car dealerships looking to modernize
  • Brick and mortar dealers wanting to add digital sales channels
  • Average dealer does $36M in sales (first 6 months of 2021)

• Business Model:

  • Software solution for dealers
  • Helps digitalize existing dealership workflows
  • Enables hybrid online/offline car selling approach

The platform bridges the gap between traditional dealership operations and modern digital car buying expectations, allowing established dealers to adapt to changing consumer preferences.