April 17, 2017 - Industry News
According to the trade group’s NADA Data 2016 report, dealership employees had one of the highest average salaries of any industry.
Tags: employment, F&I, fixed operations, NADA Data Report, National Automobile Dealers Association, new-vehicle sales, used-vehicle sales
December 29, 2016 - Industry News
The Reynolds and Reynolds Co. this week announced the release of the Reynolds LAW Montana F&I Library, a comprehensive catalog of standardized, legally reviewed F&I documents for new-car and -truck dealers in the state of Montana.
Tags: F&I, F&I Library, Reynolds & Reynolds
December 15, 2016 - Industry News
SouthwestRe announced plans to aggressively expand into new territories beginning in 2017. The company is now recruiting independent agents to support this effort throughout the continental United States.
Tags: agents, F&I, SouthwestRe
November 29, 2016 - Industry News
Although transaction times at dealerships are improving, there are still roadblocks in the process that are holding dealerships back from reliably achieving transactions times below the one- and two-hour mark, according to a survey fielded by eLend Solutions.
Tags: CSI, Dealership, eLend Solutions, F&I, Survey, transaction times
November 17, 2016 - Industry News
According to the company, the two-minute video was developed in response to recent industry studies showing that consumers would be more willing to purchase F&I protections if they are allowed to learn about them before entering the dealership.
Tags: Dealership, F&I, RoadVantage, Videos
November 9, 2016 - Industry News
Asbury Automotive COO David Hult called the group's F&I performance in the third quarter a "small setback" compared to previous quarters, noting that he remains hopeful for the coming quarter.
Tags: Asbury Automotive, F&I, Quarterly Earnings, Third Quarter
November 3, 2016 - Industry News
F&I, used retail sales, and fixed ops helped dampen Sonic's third quarter declines in volume and gross profit per unit (GPU) retailed. The group also reported that its EchoPark locations increased their F&I per-copy average by 16.3% to $1,078. Overall, the group's F&I operations averaged $1,341 per copy during the period.
Tags: F&I, Quarterly Earnings, Sonic Automotive, Third Quarter, used vehicles
October 27, 2016 - Industry News
Record-setting F&I, a strong used-vehicle segment, and gains in parts and service paved the way for a year-over-year improvement in total gross profit for Lithia Motors during the period.
Tags: F&I, Financial Report, Lithia Motors, Third Quarter
October 20, 2016 - Industry News
Dent Wizard promoted Regional Business Development Manager Eric Walker to finance director of the company's South region, which includes Arkansas, Kentucky, Louisiana, Mississippi, Oklahoma, Tennessee, and Texas.
Tags: Dent Wizard, F&I, Promotion
September 6, 2016 - Industry News
RouteOne announced that Scott Johnsen, Amanda George and Jeff Belanger are transitioning from their directors roles to new executive positions.
Tags: F&I, RouteOne, Vice President
August 26, 2016 - Industry News
Spireon Inc. announced that its GPS-based vehicle telematics solution Spireon SkyLink will now give dealers the ability to offer connected car services to their customers, opening the door to a new F&I profit center.
Tags: Connected Vehicle, F&I, Spireon
August 17, 2016 - Industry News
Asbury increased its F&I per-copy average 3% to $1,436 in the second quarter. But total F&I gross profit fell due to a 'Choppy' retail environment, officials said.
Tags: Asbury Automotive, F&I, new-vehicle sales, Quarterly Earnings, Second Quarter, used vehicles
August 3, 2016 - Industry News
Organizers of the upcoming Compliance Summit have announced that a panel dedicated to “Your Responsibilities” will include an award-winning F&I director, two compliance experts and a member of the Auto Dealer Today editorial team.
Tags: ARMD resource Group, F&I, F&Idol, Justin Gasman, Max Zanan, Michael Tuni, Total Dealer Compliance
July 28, 2016 - Industry News
Poor retail sales were offset by a 3.1% increase in total F&I gross profit and a 40.5% increase in revenue at Sonic Automotive's EchoPark locations. While declining oil prices have hurt the company's performance in the Houston market, officials are confident the group will recover.
Tags: EchoPark, F&I, Quarterly Earnings, Second Quarter, Sonic Automotive
July 27, 2016 - Industry News
Organizers of the upcoming Compliance Summit have announced that the $100 early-bird registration discount will expire at midnight this Friday, July 29. The event will be held Aug. 29–30, 2016, at Paris Las Vegas, as part of the annual Industry Summit.
Tags: Compliance Summit, F&I, Industry Summit
A new study from Cox Automotive found that warranties and service contracts are keys to service retention. To realize that benefit, the study recommends that dealers allow car buyers to research service contracts before they step into their stores.
Tags: Cox Automotive, Customer Retention, Customer Service, F&I, service department
July 20, 2016 - Industry News
Capital Z Partners Management announced it has acquired Portfolio Group Inc. from Frontenac Company LLC. The F&I product provider's current management team will retain their current roles and significant ownership.
Tags: Acquisition, Capital Z, F&I, F&I product provider, Frontenac, Portfolio Group
July 19, 2016 - Industry News
Terry O’Loughlin, director of compliance for Reynolds and Reynolds and a former regulator, will serve as a featured speaker at the upcoming Compliance Summit, scheduled for Aug. 29-30 at Paris Las Vegas.
Tags: compliance, Compliance Summit, F&I, Reynolds & Reynolds, Terry O'Loughlin
June 8, 2016 - Industry News
Florida-based Sun Toyota announced today that it has promoted F&I Manager John Ancona to the director's role. He will be responsible for department staffing, training, and operations, as well as cultivating relationships with finance sources.
Tags: F&I, Promotion, Scion, Toyota
June 7, 2016 - Industry News
The Reynolds and Reynolds Co. has released a comprehensive catalog of standardized, legally reviewed F&I documents for automobile dealers in the state of Kentucky.
Tags: compliance, F&I, Reynolds & Reynolds
June 2, 2016 - Industry News
The F&I product provider reported a 72% year-over-year increase in new dealers actively selling its programs, as well as a 51% increase in new agent signups for the same period.
Tags: F&I, Promotions, RoadVantage
May 26, 2016 - Industry News
The F&I product provider has appointed Rob Mirra as national director of new business opportunities. In this role, he will be leading the building of new EasyCare relationships with dealerships across the nation, according to the company.
Tags: EasyCare, F&I, Hiring
May 25, 2016 - Industry News
Dealer Service Solutions has been appointed as the new authorized representative for all Volvo retailers in North and South Carolina, the company announced this week.
Tags: Dealer Service Solutions, F&I, Partnership, Volvo
October 7, 2015 - Industry News
Reynolds Document Services has released the Reynolds LAW Washington F&I Library, a comprehensive catalog of standardized, legally reviewed F&I documents available to new car and truck dealers in the state of Washington.
Tags: compliance, F&I, legal training, Reynolds & Reynolds
October 23, 2014 - Industry News
Officials said the Charlotte test store was overwhelmed by sales and paperwork. F&I performance rebounded, however, after the group added document specialists.
Tags: F&I, F&I Revenue, One Sonic-One Experience, Quarterly Earnings, Sonic Automotive
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