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VOXX Announces Split Rewards and Revenue Sharing for SmartStart Pro

ORLANDO, Fla., June 4th, 2024 /PRNewswire/ -- VOXX Electronics Corporation (VEC), a wholly-owned subsidiary of VOXX International Corporation (NASDAQ: VOXX), and leading innovator of aftermarket automotive electronics and connected car solutions, is thrilled to announce the launch of an enhanced rewards program for its popular SmartStart Pro product, as well as a new revenue share opportunity for store owners. These initiatives are designed to recognize and reward the collaborative efforts of sales teams and installers, and to offer store owners a new revenue stream.

Part 1: Enhanced Rewards Program: Split Rewards for Sales and Installers

VOXX is excited to introduce a groundbreaking enhancement to its rewards program for the SmartStart Pro. Effective immediately, rewards for selling the SmartStart Pro can now be split between two individuals – projectably the salesperson and the installer. This change addresses a longstanding industry issue where only the salesperson received rewards, leaving installers unrecognized despite their critical role in the customer experience.

“This new approach ensures that both the sales team and installers are equally motivated and rewarded for their contributions,” said Aron Demers, Senior Vice President of VOXX Electronics. “By acknowledging the essential work of our retail sales associates and technicians, we are fostering a more collaborative and productive environment, ultimately leading to better customer satisfaction and increased sales.”

Note that 2 salespersons or 2 installers may also split the rewards between each other, or 1 person may still claim the full reward amount.

Part 2: Revenue Share Program for Store Owners

In addition to the enhanced rewards program, VOXX is also launching a new revenue share opportunity for store owners. Store owners who renew service plans for the SmartStart Pro will now be eligible for a share of the revenue generated from these renewals. This initiative is designed to provide store owners with an additional income stream, encouraging them to actively promote the renewal of service plans and enhancing the overall customer retention rate.

“Store owners play a pivotal role in our distribution network, and their success is integral to our own,” added Demers. “The revenue share program is our way of recognizing their efforts and ensuring they benefit directly from the ongoing relationship with their customers. This not only rewards their hard work but also aligns our goals in delivering exceptional service and support.”

About SmartStart Pro

The SmartStart Pro (available as the VIPER VSM550 and DIRECTED by VOXX DSM550) is a state-of-the-art solution that allows users to start, lock, and unlock their vehicles from virtually anywhere using their smartphones. It offers unparalleled convenience, security, and control, making it a top choice for vehicle owners looking to enhance their driving experience.

Visit us at our KnowledgeFest Atlantic City booth, June 7th-9th, and be sure to attend one of our training sessions:

VIPER Training - Fri. 6-7 @ 1:45p

VOXX eKey & CarLink 7 Training - Fri. 6-7 @ 3:00p

VOXX Rear Seat Entertainment & Leather Craft Training - Sat. 6-8 @ 5:30p

Please contact your VOXX sales representative for further details.

For more information about VOXX Electronics Corporation and its range of automotive aftermarket solutions, please visit www.voxxelectronics.com.

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About VOXX Electronics Corporation (VEC):

VOXX Electronics Corporation (VEC) is a wholly-owned subsidiary of VOXX International Corporation (NASDAQ: VOXX), a global supplier of mobile and consumer electronics products. VEC stands at the forefront of automotive technology, specializing in remote start, security and telematics, rear seat entertainment, driver safety, automotive interior enhancements, and commercial fleet solutions.

VEC sells its products through an extensive distribution network that includes expeditors, mass merchandisers, regional mobile electronics chains, and independent specialists both domestically and internationally. VOXX Electronics possesses a strong brand portfolio and its products rank among the top ten in almost every category in which they sell. Primary brands include: Advent®, Aggressor Air Horns from Omega®, Audiovox®, Automate®, Autostart®, Avital®, CarLink®, Crimestopper®, Directed® by VOXX, Excalibur, Flashlogic® by VOXX, Install Essentials®, Invision®, K-9® Car Alarm, Leather Craft™ by Rosen®, Linkr® Mobile, MoviestoGo® by Rosen®, Omega®, Prestige®, Pursuit®, Python®, Rosen®, Rostra®, SmartStart®, and Viper®.

For additional information, please visit our website at www.voxxelectronics.com.

About VOXX International Corporation:

VOXX International Corporation (NASDAQ: VOXX) has grown into a worldwide leader in many automotive and consumer electronics and accessories categories, as well as premium high-end audio. Today, VOXX International Corporation has an extensive distribution network that includes power retailers, mass merchandisers, 12-volt specialists, and most of the world's leading automotive manufacturers. The Company has an international footprint in Europe, Asia, and Latin America, and a growing portfolio, which now comprises over 30 trusted brands. Among the key domestic brands are Klipsch®, RCA®, Invision®, Jensen®, Audiovox®, Terk®, Acoustic Research®, Advent®, Code Alarm®, Car Connection®, 808®, AR for Her®, and Prestige®. International brands include Hirschmann Car Communication®, Klipsch®, Jamo®, Energy®, Mirage®, Mac Audio®, Magnat®, Heco®, Schwaiger®, Oehlbach® and Incaar™.

For additional information, please visit our website at www.voxxintl.com.



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