ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

SPARQ is Destinated to Disrupt the Car Servicing Industry with Annual Subscriptions.

By: Get News
For centuries, car owners around the globe have been treated as cash cows by mechanic shops to generate obscene profits. However, this will soon come to an end with SPARQ. A Boston-based startup that offers a membership-based car servicing plan that eliminates labor fees and the struggles drivers face.


Interior Rendering of a SPARQ Lab

Daniel Nieh, the founder of SPARQ, is a serial entrepreneur who has recently developed a firearm safety technology capable of preventing at least 83 percent of mass shootings in the US. He is now onto his next new big venture, SPARQ, whose mission is to eradicate deceptive auto mechanic establishments across the world. 

“Imagine dropping your car off and servicing it next to your downtown office while you work without ever worrying about dealing with untrustworthy mechanics or being around an unpleasant environment surrounded by puddles of engine oil, heavy machinery, and noise” – that’s SPARQ.

SPARQ offers the benefit every car owner has been searching for: cost certainty. Unlike other mechanic shops that charge labor by the hour and hefty markups on parts, SPARQ has prevented the possibility of having a conflict of interest with their users in its subscription model. They remove all the confusing fees that normally appears on bills. This includes markups, service fees, convenience fees, hidden fees, and labor fees. The Boston-based company only charges retail price for parts installed on the car.

In addition, SPARQ is certified by the original manufacturers to perform services on their user’s vehicles with certified technicians and original parts (OEM). Any work performed by them is backed by warranties.

Transparency is the core brand value at SPARQ. To combat deceitful tactics used by mechanic shops, they’re offering every user a free SPARQ Diagnostics device (OBD-II) when they sign up. The device allows users to connect their phones and access their vehicle’s health condition whenever they need it, which normally costs hundreds of dollars when performed at service centers. 

SPARQ’s proprietary technology integrations put them at the forefront of car servicing, which allows them to perform 5x more efficiently than any existing mechanic shops on the market. Utilizing its predictive algorithms, a system developed by SPARQ, it can accurately predict when their user’s car needs to be serviced. It does so by gathering information on the vehicle’s behavior. A full service that normally takes more than five hours to complete can now be reduced down to an hour with SPARQ’s integrated technology. Car owners will no longer have to wait for hours, if not days, to get their vehicle fully serviced. 

“SPARQ aims to provide a frictionless car servicing experience as simple and intuitive as grabbing a cup of coffee,” said Daniel Nieh. “At the end of the day, every car owner’s desire is to have mechanics they trust anywhere they go, and SPARQ provides that.”

About SPARQ

SPARQ is on the mission to prevent car owners from overpaying for their services and repairs. They’re disrupting the car servicing industry by being the pioneer to make car servicing subscription-based with its own facilities, SPARQ Labs, to operate the services.


Exterior Rendering of SPARQ Lab in Downtown Boston.

By Summer of 2023, SPARQ will introduce this new concept to Boston by launching four SPARQ Labs located at Back Bay, Seaport, Financial District, and Kendall Square. With Labs located around the City of Boston, car owners can finally integrate their car servicing needs into their routine. 

By 2025, SPARQ will expand its services to car owners nationwide by launching its Labs in 50 other major cities across the country. 

Early adopters of SPARQ will receive a full year of free maintenance and other perks if among the first 6,000 to sign-up. For an annual fee of $1,500, members receive a complimentary car wash every time they visit a SPARQ Lab, free annual inspection, nationwide access, and unlimited on-site diagnostics, all included in the membership. 

Visit them at www.joinsparq.com
Press Contact: press@joinsparq.com

Media Contact
Company Name: SPARQ
Contact Person: Daniel Nieh
Email: Send Email
Country: United States
Website: https://www.joinsparq.com/

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.