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March 23, 2017 - Industry News

F&I Digital Media Awards Submission Deadline Extended

Dealers, agents, product providers, marketers and manufacturers can submit entries by April 28.

March 21, 2017 - Industry News

Dent Zone’s Snowden Earns Lifetime Achievement Award

Jeff Snowden’s 25-year career as a technician, advocate and executive in the paintless dent repair industry was recognized at the 2017 International Mobile Tech Expo.

Tags: Dent Zone, F&I products, paintless dent removal

March 21, 2017 - Industry News

Aaron Riddle Joins RoadVantage

RoadVantage has expanded its sales team with the addition of industry veteran Aaron Riddle.

March 20, 2017 - Industry News

AUL Corp. Releases 2017 F&I Training Schedule

The warranty and vehicle service contract provider released its 2017 F&I training schedule, which includes a three-day live course that will cover compliance, objecting handing, sales-to-F&I turnovers, and menu selling. It will be led by Kirk Manzo, director of global training for Assurant’s Vehicle Protection Services group.

Tags: F&I manager, F&I products, F&I sales, F&I training, F&I Turnover

March 20, 2017 - Industry News

Wise F&I Product Suite Now Available Through MaximTrak

Wise F&I’s voluntary protection products are now accessible through MaximTrak, a RouteOne company. According to officials, connecting the firm's F&I protections to MaximTrak’s F&I menu system demonstrates its focus on compliance, technology and simplicity for the customer.

Tags: F&I manager, F&I menu, F&I process, MaximTrak, RouteOne, Wise F&I

March 20, 2017 - Industry News

ACE Certifies American Financial Agents

Automotive Compliance Education (ACE) and American Financial & Automotive Services partnered to certify American Financial’s entire agent roster.

March 8, 2017 - Industry News

AAGI Unveils New Branding, Exclusionary VSC

AAGI unveiled a corporate rebrand and the AutoGuard Plus exclusionary vehicle service contract at a recent event.

March 8, 2017 - Industry News

Wise F&I Partners With Darwin Automotive

The F&I product provider’s full suite of F&I protections will now be available through Darwin’s prescriptive-based F&I selling software. The F&I tech firm will also provide erating and econtracting capabilities of Wise F&I’s products.

Tags: Darwin Automotive, F&I menu, F&I products, F&I technology, Wise F&I

March 7, 2017 - Industry News

EFG Launches Enhanced Lifetime Wrap Coverage

The new offering is designed to improve dealer profit margins and foster customer retention for the life of the vehicle.

March 7, 2017 - Industry News

Black Book Powers AutoGravity’s Trade Appraisals

Black Book and AutoGravity have reached an agreement that pairs Black Book’s valuation tools with AutoGravity’s digital sales and financing platform.

March 3, 2017 - Industry News

Eastman Launches New Campaign to Drive Dealer Sales

Eastman Chemical Co.’s Darrell Reed announced the launch of a new consumer campaign designed to drive dealership sales of window protection film.

March 1, 2017 - Industry News

AutoGravity App Surpasses 200,000 Downloads

The fintech firm today announced it has surpassed 200,000 downloads of its native iOS and Android smartphone apps. The company’s platform allows car shoppers in 46 states to secure financing on a specific vehicle before heading to the dealership to complete the deal.

Tags: AutoGravity, Digital Retailing, Online F&I

February 27, 2017 - Industry News

CNA National Distributed $40 Million to Dealers in 2016

CNA National Warranty Corp. (CNAN) returned more than $40 million to automobile dealers across the U.S. through its various participation plans for 2016, the company announced this week.

Tags: CNA National, GAP, vehicle service contracts

February 24, 2017 - Industry News

F&I Digital Media Awards Now Accepting Entries

Entries are now being accepted for the 2017 F&I Digital Media Awards, organizers announced Friday. The submission deadline is Friday, March 31, 2017.

Tags: Digital Retailing, F&I Digital Media Awards, Online F&I

February 23, 2017 - Industry News

Spireon Reports ‘Outstanding’ 2016

Spireon Inc. reported second-half gains in revenue, profitability and multiple segments in 2016. The company is also in the midst of a 14-year run of top-line growth and 'outstanding' financial and operational performance, officials said.

Tags: Connected Vehicle, Spireon, telematics

February 23, 2017 - Industry News

Dallas Compliance Summit Set to Break Attendance, Certification Records

Organizers of Compliance Summit say an 'unprecedented' response to the announcement that the next event will be held alongside Industry Summit at the Gaylord Texan in Grapevine, Texas, all but guarantees the Sept. 11, 2017, event will set new marks for attendance and Automotive Compliance Specialist certification.

Tags: Automotive Compliance Specialist, Compliance Summit, Gil Van Over, Industry Summit, Jim Ganther

February 22, 2017 - Industry News

EFG Launches Multimedia Compliance Platform

The company today announced the launch of Common Sense Compliance, a platform designed to break through the legalese of automotive compliance with practical and actionable information. The platform will feature a video series and podcast hosted by Steve Roennau, the company’s vice president of compliance.

Tags: compliance, EFG COmpanies, F&I manager, Steve Roennau

February 22, 2017 - Industry News

RoadVantage Appoints Mike Essig Director of Risk Management

Mike Essig is a 13-year industry veteran who specializes in actuarial analysis and risk management. He most recently served as risk management director and actuary at CNA National. He now joins a firm that's expanding contract volume, programs, staff and offices.

Tags: F&I manager, F&I products, RoadVantage

February 22, 2017 - Industry News

National Auto Care Names Steve Verney CFO

The company’s new executive retired from Allstate Insurance in 2015 after a 34-year career. Now he’ll head the F&I product provider’s finance, accounting, and reinsurance teams. His main goal, officials said, will be to help amplify the company’s recent profitable growth.

Tags: F&I manager, F&I products, National Auto Care

February 21, 2017 - Industry News

AAA: Road De-Icers Cause $3 Billion Annually in Vehicle Rust Damage

The methods used to de-ice roadways cost 22 million American vehicle owners an estimated $15.4 billion in rust repairs over the last five years, according to a new AAA survey. The average cost to repair rust-related issues is $500.

Tags: AAA, F&I manager, F&I products, Potholes, Road Hazard Protection, Rust Protection

February 16, 2017 - Industry News

Tom Hudson Releases Book on Fed Government’s War on Dealers

In his new book, the attorney traces actions over the last five years by the Consumer Financial Protection Bureau and the Federal Trade Commission. It addresses the government's war on several fronts, from advertising and discrimination to disclosure requirements and other everyday compliance issues.

Tags: compliance, Consumer FInancial Protection Bureau, dealer participation, F&I manager, Federal Trade Commission, Hudson Cook LLP, Tom Hudson

February 16, 2017 - Industry News

Used-Vehicle Market Bracing for Off-Lease Tidal Wave

While low interest rates and consistent values are making it possible for the market to absorb the wave of newer, more expensive off-lease vehicles, demand for older, less expensive vehicles hasn't waned. But with fewer older vehicles available, sellers will be at a disadvantage, Edmunds said this week.

Tags: Edmunds, Inventory Management, Off-Lease Vehicles, used-vehicle values

February 15, 2017 - Industry News

Lithia Grows F&I, Catches Acquisition Fever in 4Q

Lithia Motors executives reported a new company record for F&I profits and promised to maintain the group’s aggressive growth strategy in 2017.

February 14, 2017 - Industry News

Group 1’s U.S. F&I Team Delivers Record PVR

For the year, the nation’s third largest dealer group grew its U.S. F&I per-copy average by $129 from the prior year to $1,644. Company officials, however, tell investors and equity research analysts ‘not to model anything higher.’

Tags: F&I manager, F&I products, Group 1 Automotive, PVR

February 13, 2017 - Industry News

Subaru Tops KBB's 5-Year Cost to Own List

Photo courtesy of Subaru.

Subaru and Acura ranked as the top automotive brand in Kelley Blue Book's annual 5-Year Cost to Own awards, which highlights the top luxury and non-luxury brands in 21 vehicle categories.

Tags: Acura, Depreciation, Kelley Blue Book, Subaru

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