January 22, 2018 - Industry News
Zurich North America is reshaping its dealer P&C portfolio to address 'persistent underperformance due to continued volatility associated with large and catastrophic hail losses." As a result, Zurich will focus heavily on F&I in 2018, a spokesperson said last week.
Tags: F&I office, F&I process, F&I products, P&C insurance, vehicle service contracts, Zurich
December 14, 2017 - Industry News
One industry analyst said the quarter-point hike will result in new-vehicle sales dropping below 17 million units in 2018, noting that the Fed Reserve’s previous three increases are responsible for fewer new leases and this year’s shift from new to used.
Tags: auto finance, auto loan, F&I office, Federal Reserve, interest rates
October 4, 2017 - Industry News
Over the past 15 years, the F&I product provider has earned multiple industry awards and distinctions for the service it provides to customers, agents, and dealers alike. It was recently acknowledged as the 11th fastest growing business in Utah.
Tags: agents, Alpha Warranty Services, dealers, F&I manager, F&I office, F&I products
September 8, 2017 - Industry News
The F&I program provider released a series of non-brand-specific videos designed to raise consumer awareness about nine F&I protections and the value they provide vehicle owners. The videos can be downloaded for free and posted to a dealer’s website or played in a dealership’s waiting room.
Tags: digital marketing, F&I office, F&I process, online F&I, RaodVantage
August 16, 2017 - Industry News
Trainer, author, forecaster and industry firebrand Jim Ziegler will deliver the keynote address at the upcoming Compliance Summit.
Tags: auto finance, compliance, Compliance Summit, F&I manager, F&I office, Jim Ziegler
August 15, 2017 - Industry News
In 2017’s opening quarter, auto loan balances registered single-digit growth for the first time in four years. F&I trainers Tony Dupaquier and Shaka Dyson will translate what the trends mean to the F&I office. They'll also offer strategies for uncovering a finance source’s appetite and training the desk on proper deal structure.
Tags: auto finance, Dealer F&I University, F&I manager, F&I office, F&I Think Tank, F&I training, Shaka Dyson, The Academy, Tony Dupaquier
Aside from Ross' promotion, the F&I product provider announced the addition of Keith Cooper and Steve Chandler to the company's senior management team.
Tags: F&I office, F&I products, Promotions, RoadVantage
July 20, 2017 - Industry News
With second quarter originations plunging 45% from a year ago on tightening underwriting standards, bank execs said they expect originations to continue falling for the rest of the year before stabilizing in the first half of 2018.
Tags: auto finance, car loan, F&I office, Wachovia Dealer Services, Wells Fargo Dealer Services
July 18, 2017 - Industry News
Stip Trac was designed to help dealers and their F&I offices track cash flow, collect stips, and keep an open communication line with car buyers before and after their purchase. Dealers can also set contracts-in-transit limits, track money in transit by salesperson and more.
Tags: auto finance, Contracts in Transit, dealers, F&I manager, F&I office, software, Stips, technology
July 11, 2017 - Industry News
The new line was created internally based on agent and dealer demand, officials said. It includes ElevateCare, a five-in-one product bundle, and standalone tire-and-wheel protection and key/remote replacement.
Tags: Alpha Warranty Services, F&I manager, F&I office, F&I products, key replacement, product bundle, Tire and Wheel
June 26, 2017 - Industry News
The new ebook was developed to guide auto dealers through the process of turning managers and employees in various departments into one cohesive, productive and motivated team.
Tags: digital retailing, F&I office, online F&I, Pay Plans, showroom
June 20, 2017 - Industry News
Auto loan defaults fell to a 10-year low in May, squashing concerns about a forming subprime auto loan bubble. But not all consumer credit categories were a picture of health in May.
Tags: auto finance, default rates, F&I office
June 7, 2017 - Industry News
UDS’s Brian Crisorio and Auto Dealer Today’s Tariq Kamal will serve as co-show chairs for this year’s Compliance Summit.
Tags: auto finance, compliance, Compliance Summit, F&I manager, F&I office, Industry Summit
American Financial & Automotive Services is sponsoring F&I and Showroom’s annual F&I Dealer of the Year contest, which is now accepting nominations. The deadline to nominate a deserving dealership is July 10.
Tags: American Financial & Automotive Services, F&I Dealer of the Year, F&I office, F&I Pacesetters, F&I profit per vehicle retailed
June 5, 2017 - Industry News
This year's honor marks four consecutive years the F&I product provider has earned Platinum in the Vehicle Service Contract category of Auto Dealer Today's Dealers' Choice Awards.
Tags: F&I manager, F&I office, F&I products, Protective Asset Protection Division
May 2, 2017 - Industry News
WiseMVP offers three levels of coverage for vehicles up to 20 years in age and with up to 200,000 miles on the odometer. The new offering includes towing, car rental, and roadside assistance, among other benefits.
Tags: F&I manager, F&I office, pre-owned, Used-Vehicle Service Contracts, vehicle service contract, Wise F&I
November 10, 2016 - Industry News
South Dakota voters approved an initiated measure aimed at capping interest rates on short-term loans in the state. Included in the cap are all charges for ancillary products and any other fees included in the extension of credit.
Tags: APR, Auto Title Loans, F&I office, Payday Lending, South Dakota
August 4, 2016 - Industry News
National Auto Care Corp. has named Matthew Osborn to the newly created position of chief information officer. The veteran of the insurance and third-party administrator industries will also serve as a member of the company’s senior leadership team.
Tags: F&I manager, F&I office, F&I products, National Auto Care
July 12, 2016 - Industry News
Zoom allows F&I managers to start a contract from the main page and then gives them the ability to adjust rates and work with a customer’s financing options. It also allows the F&I manager to compare up to 3 different plans or programs they can then show the customer in a ‘Good, Better, Best’ format.
Tags: Alpha Warranty Services, F&I office, Sales Portal, software
April 14, 2016 - Industry News
In a dealer bulletin obtained by F&I and Showroom, Ford Motor Credit announced the availability of 84-month financing on new retail and subvented rate contracts. The bulletin urges dealers to consider the negative impacts of longer term loans.
Tags: 84-Month Auto Loans, auto finance, F&I office, Ford Credit, Long Loan Terms, new-vehicle financing
March 31, 2016 - Industry News
LoJack announced today it has recovered more than 200,000 stolen vehicles in the United States. The vehicle-recovery solution provider commemorated the milestone with the Los Angeles Police Department and the Galpin Motor Group.
Tags: F&I manager, F&I office, LoJack, Vehicle-Recovery Device
February 2, 2016 - Industry News
Scan123’s electronic document management system is now integrated with Auto/Mate’s Automotive Productivity Management Suite DMS, allowing Scan123 users to store and access documents through Auto/Mate’s DMS.
Tags: Auto/Mate, electronic document storage, F&I office, Scan123
June 23, 2015 - Industry News
The two firms announced today that they have expanded their relationship to provide dealers and their F&I offices with a fully integrated income and employment verification solution.
Tags: 700Credit, Employment Verification, Equifax, F&I manager, F&I office, Income Verification
June 17, 2015 - Industry News
Attorney General Eric Schneiderman, which announced on Wednesday a $14 million settlement with three Paragon dealerships, says he intends to file suit against 11 additional dealerships for the unlawful sale of credit repair and identity theft-prevention products.
Tags: Attorney General, credit repair, Eric Schneiderman, F&I office, F&I products, identify theft, payment packing
May 13, 2015 - Industry News
MaximTrack Technologies’ F&I suite has completed Autosoft’s certification process and now integrates with the tech firm’s FLEX DMS.
Tags: dealership management system, F&I manager, F&I menu, F&I office, F&I products, F&I tools
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