Finance Office

1  -  25  of  1079

July 18, 2018 - Industry News

Penske to Install Reynolds docuPAD in All Stores

Penske said today it intends to integrate electronic document management to improve workflow and efficiency and install the Reynolds docuPAD system in F&I departments across more than 120 Penske dealerships.

Tags: docuPAD, eWorkflow, F&I process, Penske Automotive Group, Reynolds & Reynolds

July 17, 2018 - Industry News

AutoGravity Names New CEO, CTO

Alex Mallman, AutoGravity CEO

Alex Mallman, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs, who left in May, according to the Orange County Business Journal.

Tags: AutoGravity, Daimler Financial Services, digital retailing, online F&I

July 12, 2018 - Industry News

Dent Wizard Names New CFO

The F&I product provider has hired Jim Powers as it’s new CFO. The experienced leader most recently served as president and CEO for St. Louis-based UniGroup Inc. and its subsidiaries.

Tags: Dent Wizard, F&I product provider, F&I products, paintless dent removal

July 12, 2018 - Industry News

Virginia Dealer Rolls Out Roadster's Online Car-Buying Platform

McGeorge Toyota is the latest dealership operation to add Roadster’s Express Storefront digital retailing platform. The dealership refers to its new website feature as ‘McGeorge @Home.’

Tags: digital retailing, Express Storefront, McGeorge Toyota, online F&I, Roadster

July 10, 2018 - Industry News

F&I Dealer of the Year Nominations Now Being Accepted

F&I and Showroom, Auto Dealer Today's sister publication, is now accepting nominations for its 17th F&I Dealer of the Year contest, sponsored for the second straight year by American Financial & Automotive Services. Nominations must be received by Aug. 15, 2018.

Tags: contests, DOY Pacesetters, DOY Winners, F&I Dealer of the Year, F&I director, F&I profit

July 5, 2018 - Industry News

Edmunds: Stage Set for Market Contraction

June’s annual percentage rate of 5.82% marked a 17% increase since January 2018. Add rising rates to a virtually saturated U.S. market, record-high vehicle prices, and historically high numbers of people who owe more than their cars are worth, and the stage is set for a market contraction, the firm said.

Tags: Edmunds, Federal Reserve, interest rates, Negative Equity, new-vehicle sales, SAAR, used-vehicle sales

July 3, 2018 - Industry News

KPA Acquires Auto Advisory Services Inc.

The acquisition of the F&I audit services firm enables KPA to become a single source for automotive compliance. The transaction closed on May 31.

Tags: Auto Advisory Services, auto finance, compliance, F&I office, KPA Services LLC

July 3, 2018 - Industry News

ZERO Plan Announces New 36-Month Terms

Universal Lenders now allows car buyers to extend the financing of service contracts and other F&I products up to 36 months.

July 2, 2018 - Industry News

StoneEagle Wins Diamond for F&I Tech in DCAs

Dealership professionals ranked StoneEagle No. 1 in the F&I Technology category in the 2018 Dealers’ Choice Awards.

June 28, 2018 - Industry News

Universal Lenders Wins Gold in Dealers’ Choice Awards

Universal Lenders, creator of the ZERO Plan, won Gold for F&I Product Financing Company in Auto Dealer Today’s 2018 Dealers’ Choice Awards.

Tags: Dealers' Choice Awards, F&I product financing, The Zero Plan, Universal Lenders

June 28, 2018 - Industry News

AUL Brings in Assurant’s David Chang as CFO

The 20-year industry veteran is expected to help fortify the VSC provider for its next phase of growth.

June 28, 2018 - Industry News

UDS Wins DCAs for F&I and Compliance Training

United Development Systems earned first- and second-place honors in the F&I Training and Compliance Training categories, respectively, in the 2018 Dealers’ Choice Awards.

June 28, 2018 - Industry News

CNA National Named Top Provider for 14th Year in a Row

CNAN earned the 2018 Dealers’ Choice Diamond Award for best Service Contract provider, the company’s 14th consecutive first- or second-place ranking in the category, and a Platinum Award for Service Contract Reinsurance.

June 28, 2018 - Industry News

MaximTrak Announces Zurich North America Integration

Zurich North America's F&I product rates and forms are now integrated into MaximTrak's ETrak platform, providing Zurich's dealer customers with access to the technology firm's MenuTrak and FLITE F&I sales systems.

Tags: ETrak, F&I manager, F&I menu, F&I product sales, FLITE, MaximTrak, MenuTrak, RouteOne, Zurich

June 27, 2018 - Industry News

Updated: Roadster Secures New Funding, Announces New Ties With Lithia, Lexus

The startup’s war chest now totals $30 million after securing $15 million in new funding. The announcement comes on the heels of two other major developments for the San Francisco-based startup, including new relationships with Lithia Motors and Lexus.

Tags: digital retailing, Ecommerce, online F&I, Roadster

June 27, 2018 - Industry News

USEA Earns Top Industry Award for Fourth Straight Year

US Equity Advantage won first-place Diamond honors in the Biweekly Payments category in the 2018 Dealers’ Choice Awards.

June 26, 2018 - Industry News

DealerSocket Names Bryan Klann Chief Revenue Officer

Bryan Klann’s appointment bolsters DealerSocket’s leadership team and provides the firm’s sales and marketing team with a more than 20-year software industry veteran with a track record of growing revenue.

Tags: CRM, DealerSocket, Desking, digital retailing, F&I, Precise Price, showroom, technology

June 21, 2018 - Industry News

Equifax: Pre-Approvals, Credit Checks Drive Sales

Equifax has revealed new insights into auto consumer behavior and how customized searches, understanding buying power, and pre-approvals can move the sales needle.

June 21, 2018 - Industry News

Michigan Leads Nation in Repair Affordability

CarMD analysts say Michigan remains the most affordable state for ‘check engine’ repairs with an average total light repair cost of $333.

June 20, 2018 - Industry News

EFG Companies: Dealers Must Embrace Industry Paradigm Shift

EFG Companies CEO John Pappanastos said digital buying habits, millennial and Gen Z consumers, and women are forcing industry change dealers must embrace.

Tags: compliance, digital retailing, EFG Companies, F&I manager, F&I product provider, Hiring, John Pappanastos, online F&I

June 20, 2018 - Industry News

ADT Announces Winners of 2018 Dealers’ Choice Awards

Dealers and dealership personnel have recognized 70 companies and individuals in 34 categories in the 2018 Dealers’ Choice Awards.

June 20, 2018 - Industry News

Continental Reports 25% Time Savings Using Over the Edge’s Administration System

The F&I product provider said it could take 30 to 45 days to receive sold contracts from its dealers prior to adding TecAssured, Over the Edge's administration system and rating engine. Today, those contracts are received instantly, officials say.

Tags: Continental Warranty, econtracting, erating, F&I Administration, F&I product provider, Over the Edge, TecAssured

June 20, 2018 - Industry News

Retail Incentives, New-Vehicle Sales Grow in May

New vehicle sales were up in May, driven in part by bigger incentives. Rising incentive spend could hurt used vehicle values by the end of the year.  Photo by Eric Gandarilla.   

May new-vehicle sales grew by 4.8% from the year-ago period, while average incentive spending per unit grew 6.6% from a year ago to $3,740.

Tags: incentive spending, J.D. Power, new-vehicle sales, SAAR

June 19, 2018 - Industry News

Spireon Rolls Out New GoldStar GPS Feature

The new feature provides instant vehicle location and status to help reduce risk and streamline recovery for buy-here, pay-here dealers and lenders.

Tags: auto finance, buy-here, GPS Tracking, pay-here, Spireon, subprime

June 14, 2018 - Industry News

Fed Reserve Approves Second Rate Hike of 2018

FOMC Chairman Powell answers a reporter's question at the June 13, 2018 press conference.

For the seventh time since 2015, the Federal Reserve increased the Federal Funds Rate a quarter percentage. Cox Automotive economists say higher interest rates and tighter credit have already led to softening retail demand, noting that further rate increases will impact all corners of the car business.

Tags: auto finance, Federal Reserve, interest rates, Jerome Powell

« Previous12345678910...4344Next »