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F&I Products

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January 18, 2017 - Industry News

F&I Express Announces Initiative to Streamline F&I Product Cancellation Process

The software company today released details on an initiative to electronically integrate major finance sources with F&I product providers in a bid to develop better F&I product cancellation processes and systems.

Tags: auto finance, Dealertrack, F&I Express, F&I products, Repossessions

January 17, 2017 - Industry News

Roadster, F&I Express Announce Integration Pact

Through F&I Express’ Express Digital Media Solution, Roadster dealers can now provide car buyers with accurate F&I product quotes and education material from more than 130 F&I product providers.

Tags: digital retailing, F&I Express, F&I products, online F&I, Roadster

January 11, 2017 - Industry News

Heritage Acceptance Corp. Launches New Vehicle Service Contract

The new service contract includes roadside assistance and a higher liability limit the company claims will better protect the customer's investment.

Tags: Heritage Acceptance Corp., Marathon Administrative Co., Vehicle Service Contract

January 10, 2017 - Industry News

Dent Wizard Hires Vice President of Customer Development

Ryan Briggs, former national sales manager for DigitCut, was hired by Dent Wizard to fill the newly created position of vice president of customer development. He'll be responsible for expanding the company’s relationships with the nation’s Top 150 dealer groups.

Tags: Dent Wizard, paintless dent removal, reconditioning, Remarketing

January 9, 2017 - Industry News

KosLo Website Integrates NADAguides Data to Improve Consumer Experience

The online vehicle deal generation company has enhanced its site with year, make and model data from NADAguides to help further enhance the customized car-buying experience it offers consumers.

Tags: KosLo, NADA, NADAguides, Technology, Website

December 29, 2016 - Industry News

New VSC Portal Helps Monetize Lost VSC Leads

ForeverCar, a vehicle service contract technology provider, has launched a new dealer-branded VSC sales platform designed to help dealers sell protection products on older, higher mileage vehicles. The platform is also designed to help dealers recapture 'lost' VSC opportunities from prior lead investments.

Tags: Digital F&I, Technology, VSC

December 29, 2016 - Industry News

GWC Warranty Names New Agency Channel Manager

Adam Cappucci, who spent the last three years as an inside sales rep for global engineering group Sandvik, will serve as GWC's primary liaison to automotive agents and their dealers.

Tags: Agency Channel Manager, Appointment, GWC Warranty Corporation

December 21, 2016 - Industry News

Tech Companies Offer 2017 Marketing and F&I Predictions

This year saw a slew of companies enter the automotive space looking to push vehicle sales into the Digital Age. With the New Year’s bells within earshot, several of them offered their 2017 predictions in the areas of marketing and F&I.

Tags: 2017, Drive Motors, Outsell, Predictions, Technology

December 20, 2016 - Industry News

RouteOne Targeting Digital Retailing With Acquisition of MaximTrak

MaximTrak President Jim Maxim Jr.

The deal was executed through a wholly owned subsidiary developed by RouteOne. It will operate as MaximTrak Technologies under the leadership of RouteOne CEO Justin Oesterle and MaximTrak President Jim Maxim Jr.

December 20, 2016 - Industry News

GWC Warranty Caps Off Charitable Year With Toy Drive Donation

GWC Warranty employees across the country donated hundreds of toys and more than $1,000 to help families of hospitalized children shop for holiday gifts.

Tags: Charity, Donation, GWC Warranty Corporation

December 15, 2016 - Industry News

SouthwestRe Looking to Add Agents in 2017

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

December 14, 2016 - Industry News

EFG Companies Names Winner of 2016 Innovator of the Year Award

EFG Companies and Northwood University have named Team Vigilance the winner of their 2016 Innovator of the Year competition. The three-person team was awarded $25,000, and could see their winning product developed by EFG for market availability.

Tags: Customer Retention, EFG Companies, Innovator of the Year Award, Northwood University, Technology

December 13, 2016 - Industry News

Portfolio’s Dallas Office Named a ‘2017 Best Place to Work For in Texas'

The F&I product provider joins 100 other companies on the list. This was the first time the company entered the contest, which is designed to recognize and honor the best places of employment in Texas, benefiting the state economy, workforce and business.

Tags: F&I Product Provider, Portfolio, Reinsurance, vehicle service contracts

December 12, 2016 - Industry News

Half Million North Texas Residents Still Driving Unrepaired Recall Vehicles, Takata Warns

More than 500,000 North Texas residents are driving recalled vehicles equipped with faulty Takata airbag inflators, according to Airbag Recall, a website setup by the Takata Corp. to inform consumers about the recall. The company is urging drivers of these vehicles to have them repaired immediately.

Tags: Airbag, Inflator, NHTSA, Recall, Takata, Texas

December 12, 2016 - Industry News

Autotrader Announces Top 8 CPO Programs for December

Autotrader today released its list of the Top 8 certified pre-owned programs for the holiday season. According to the company, these certified pre-owned vehicles offer consumers the reliability and safety of a new vehicle, but at a more affordable price.

Tags: Acura, Autotrader, BMW, Buick, CPO, GMC, Lexus, Lincoln, Mercedes-Benz, Nissan

December 8, 2016 - Industry News

New York AG Settles Two Payment Packing Suits for $1.6 Million

Attorney General Eric T. Schneiderman’s crackdown on payment packing continues. Last week, the New York regulator announced settlements with SG Hyland Motors Corp. of Staten Island and Best Auto Outlet of Floral Park, which will collectively pay $1.6 million in restitution to more than 2,300 victims of their alleged deceptive sales tactics.

Tags: Attorney General, Eric T Schneiderman, Lawsuit, New York, Settlement

December 7, 2016 - Industry News

Nelson Chai Named President, CEO of The Warranty Group

Chai previously served as president of CIT Group Inc. He replaces Thomas W. Warsop III, who has served as The Warranty Group's president and CEO since August 2012.

December 7, 2016 - Industry News

Channel Stuffing, Incentives Responsible for Slip in Manheim Index

Wholesale used vehicle prices on a mix-, mileage-, and seasonally adjusted basis declined 1% in November, according to Manheim’s Used Vehicle Value Index report. Due to this decline, the Manheim Used Vehicle Value Index fell 0.3% from a year ago to 124.7.

Tags: Manheim, Used Vehicle Value Index, Used Vehicles, Wholesale Pricing

December 6, 2016 - Industry News

EFG Companies Receives Top Client Satisfaction Scores in National Study

In a study used by major brands to measure dealer services client satisfaction, EFG Companies scored higher than Nordstrom and Ritz Carlton, the F&I product provider shared today.

December 5, 2016 - Industry News

Auto/Mate Appoints New Head of Marketing

In this role, Patrick Reilly will oversee the development of a corporate marketing strategy that will increase awareness of Auto/Mate’s DMS offering, fulfill the company’s growth objectives and drive revenue.

Tags: Auto/Mate Dealership Systems, DMS, hiring

December 1, 2016 - Industry News

Kerrigan Advisors: Auto Retail Index Up Nearly 12%

Kerrigan Advisors today announced that The Kerrigan Auto Retail Index was up 11.66% in November, significantly outperforming the broader S&P 500 Index by 240.9%. The firm attributed the rise in its index to the election of Donald Trump to the presidency.

Tags: Kerrigan Advisors, Kerrigan Auto Retail Index, Stocks

November 29, 2016 - Industry News

F&I Still a Drag on Improving Transaction Times, Survey Shows

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 28, 2016 - Industry News

Mechanical Breakdown Protection Inc., PEN Announce Integration Pact

F&I product provider Mechanical Breakdown Protection Inc. (MBPI) is now plugged into the Provider Exchange Network as part of an integration pact the two companies announced this week.

Tags: DMS, Mechanical Breakdown Protection, Partnership, Provider Exchange Network, Technology

November 22, 2016 - Industry News

Car Shoppers Looking for Deep Discounts, SUV/CUVs on Cyber Monday, Survey Shows

Jumpstart Automotive surveyed approximately 2,500 consumers to gauge their interest in buying a car on Cyber Monday. According to results, 33% of men and 35% of women would be most interested in shopping for SUVs/CUVs on Cyber Monday.

Tags: Cyber Monday, Dealerships, Jumpstart Automotive, Online Marketing

November 15, 2016 - Industry News

KBB Announces 2017 Best Buy Awards

Kelley Blue Book announced the winners of its 2017 Best Buy Awards. The big winner was Honda. Not only did it take home four awards, its 2017 Honda Civic was named the Overall Best Buy of 2017.

Tags: Audi, Awards, Best Buy, Chevrolet, Chrysler, Ford, Honda, KBB, Kia, Mercedes-Benz, Porsche, Toyota

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