Finance Office

26  -  50  of  1111

July 30, 2018 - Industry News

National Auto Care Acquired by Private Equity Firm

National Auto Care Corp. has been acquired by Lovell Minnick Partners, a Philadelphia-based private equity firm.

July 26, 2018 - Industry News

Wells Fargo to Begin Growing Auto Loan Portfolio by Mid-2019

Photo by Laimerpramer via Wikimedia Commons

Wells Fargo's continued runoff of its auto loan portfolio resulted in a $10.3 billion year-over-year decline in auto loan balances in the second quarter, but executives said the bank is positioned to begin growing its auto finance business once again.

Tags: auto finance, CFPB, compliance, OCC, sales scandal, Wells Fargo

July 25, 2018 - Industry News

Registration Opens for Industry Summit 2018

Dealers and sales and F&I professionals are invited to register for Industry Summit 2018, a unique training, compliance certification, and networking opportunity set for October in Orlando, Fla.

July 24, 2018 - Industry News

EFG Companies Launches Training Portal for F&I Managers

The EFG Learning Opps Through Virtual Engagement, or LOVE, was designed to boost F&I producer knowledge, reinforce training learnings and reduce the cost of a poor hiring decision for dealerships, according to the company.

Tags: EFG Companies, F&I manager, F&I product provider, F&I products, F&I training

July 23, 2018 - Industry News

Line\5 Wins Prestigious New Industry Award

Dealers ranked Line\5 among the nation’s top three F&I Financing providers in the 2018 Dealers’ Choice Awards.

July 23, 2018 - Industry News

Everhart Joins Auto/Mate as Western Sales Manager

John Everhart has joined Auto/Mate Dealership Systems as the company’s West Coast district sales manager.

July 23, 2018 - Industry News

Industry Summit Panel to Examine Industry’s Digital Transformation

Industry Summit’s annual ‘From the Boardroom’ session will feature executives from F&I product providers and software firms, who will tackle the big questions facing F&I offices as the industry continues to push for a more digitized car-buying experience.

Tags: compliance, digital retailing, F&I process, F&I products, Industry Summit, online F&I, Showroom

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.