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June 7, 2017 - Industry News

Crisorio, Kamal to Chair 2017 Compliance Summit

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

June 7, 2017 - Industry News

EFG Companies Launches Virtual F&I Service

The F&I product provider rolled out a new virtual F&I model aimed at powersports and independent dealers, but the executive overseeing the service offered several scenarios in which Simplicity Finance and Insurance can help franchised dealers.

Tags: EFG Companies, F&I process, F&I products, virtual F&I office

June 7, 2017 - Industry News

American Financial Receives Multiple Dealers’ Choice Awards

American Financial & Automotive Services earned awards in five categories in the 2017 Dealers’ Choice Awards.

June 7, 2017 - Industry News

Dent Wizard Names Director of Operations for Canadian Market

Matt Boyd, who has served in various roles since joining Dent Wizard International in 2005, was promoted to director of operations for the company’s Canadian market.

Tags: Canada, Dent Wizard, F&I products, paintless dent removal

June 6, 2017 - Industry News

JM Family Promotes Brown, Burns

Chief Executive Officer Colin Brown will add board chairman duties while Brent Burns takes on president and COO duties.

June 6, 2017 - Industry News

MaximTrak Wins Third Straight Dealers’ Choice Award

MaximTrak Technologies was recognized in the F&I Technology category for the third consecutive year.

June 5, 2017 - Industry News

Protective Earns Platinum in Dealers’ Choice Award

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

June 5, 2017 - Industry News

StoneEagle Wins Platinum in 2017 Dealers’ Choice Awards

Dealers voted StoneEagle to a Platinum award in the F&I Technology category in the annual Dealers’ Choice Awards.

May 31, 2017 - Industry News

CNA National Takes Two Top Spots in 2017 Dealers’ Choice Awards

CNAN earned first-place Diamond honors in the Service Contract and Reinsurance categories. The company has been voted a top provider by readers of Auto Dealer Today every year since the awards program was created in 2005.

May 24, 2017 - Industry News

Mike Black Named President of Dent Wizard

Black replaces Terry Koebbe, who will retain his title as CEO. Black will also operate as COO, a title he's held for the last six years.

Tags: Appearance Protection, Dent Wizard, dent-and-ding, F&I products, Mike Black, Terry Koebbe

May 23, 2017 - Industry News

Frost & Sullivan Names AutoGravity Entrepreneurial Company of the Year

The executive team for AutoGravity includes CTO Martin Prescher, CEO Andreas Hinrichs, COO Nicholas Stellman, and COO Serge Vartanov.

The business consulting firm recognized AutoGravity for transforming the automotive finance industry with its 'first-of-its-kind fintech platform.'

Tags: AutoGravity, digital marketing, digital retailing, online F&I, Third-party leads

May 23, 2017 - Industry News

ADT Announces 2017 Dealers’ Choice Awards Winners

Auto Dealer Today named the winners of the 13th annual Dealers’ Choice Awards.

May 18, 2017 - Industry News

KISS Concepts, American Auto Shield Join Forces

KISS Concepts Group's Rod Heasley will head up a new division at American Auto Shield dedicated to the launch of a new customizable VSC program. The union marks American Auto Shield's entrance into the dealer arena after focusing exclusively on direct-to-consumer opportunities.

Tags: American Auto Shield, F&I products, KISS Concepts Group, vehicle service contracts

May 18, 2017 - Industry News

NAE/NWAN CEO Named Finalist for EY Entrepreneur of the Year

If she is named a regional winner on June 22, NAE/NWAN CEO Kelly Price will go to Palm Spring, Calif., this November for the national competition. The 31-year-old awards program is part of the Strategic Growth Forum, a prestigious gathering of high-growth, market-leading companies.

Tags: F&I products, Kelly Price, NAE, National Automotive Experts, NWAN

May 17, 2017 - Industry News

GWC Warranty Introduces Revamped Online Dealer Portal

Dealer Portal 2.0 features a new, responsive design and additional functionality and enhancements. The new features are designed to make econtracting GWC Warranty service contracts easier and faster, officials said.

May 16, 2017 - Industry News

NAE Raises Money for Cleveland Christian Home

The F&I product provider helped raise more than $59,000 for the Cleveland Christian Home’s annual 5K and Run for the Kids event. In total, the event raised more than $72,000 to support the organization’s 17-plus community outreach programs.

Tags: charity giving, F&I products, National Automotive Experts

May 10, 2017 - Industry News

Imprise Financial Announces New Account Executive

The captive insurance provider has added Derek Thomas to its team. He is responsible for serving the firm’s clients with an emphasis on enterprise risk programs.

Tags: Captive Insurance Provider, F&I products, Imprise Financial

May 10, 2017 - Industry News

PayLink Direct, Omnisure Group Announce Merger

The merger creates what officials describe as the largest vehicle service contract payment plan provider in the United States. The new entity will operate under the PayLink Direct brand. Rebecca Howard, cofounder of PayLink Direct, will serve as CEO.

Tags: F&I products, Omnisure, PayLink Direct, Payment Plan, vehicle service contracts

May 10, 2017 - Industry News

eBay Motors Integrates TrueCar Shopping Tools

The partnership with TrueCar was one of a series of announcements made by the ecommerce site, which debuted an improved look to its website and tire installation services.

Tags: digital retailing, eBay Motors, online F&I, Third-party leads, TrueCar

May 9, 2017 - Industry News

EFG Wins Three American Business Awards

EFG Companies earned a Gold and two Bronzes in the 15th annual ABAs, as well as ‘Top Contact Center’ honors from BenchmarkPortal.

May 4, 2017 - Industry News

Sonic: Record F&I Performance Offset by Lower Retail Sales

Sonic's F&I operations posted a record per-copy average of $1,370. But with new-vehicle retail volume down 2%, total same-store F&I gross profit remained flat with a year ago. Officials also talked expansion of the EchoPark platform and the expected roll out of an ecommerce site next year.

May 3, 2017 - Industry News

Group 1: Earnings Hurt by 'Extreme Weakness' in Oil-Dependent States

Not even another strong performance in U.S. new-vehicle margins, a record quarter in the group's U.K. market, and a profitable quarter in Brazil were enough to offset "extreme weakness" in Group 1's energy price-impacted markets.

Tags: F&I profit, Group 1 Automotive, new-vehicle sales, used-vehicle sales

May 2, 2017 - Industry News

Wise F&I Rolls Out Pre-Owned VSC

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

May 2, 2017 - Industry News

AutoNation Reports Flat Results, Positive Outlook

Executives with the nation’s largest auto retailer are looking forward to the second quarter after recording falling new-car sales and flat F&I profits. They also provided an update on the dealer group's move to a one-price strategy.

April 27, 2017 - Industry News

Lithia: More Acquisitions, More F&I Money

Lithia Motors’ first-quarter results include continued gains in F&I penetrations and revenue, a result the dealer group credits to its aggressive acquisition strategy.

Tags: F&I products, fixed operations, Lithia Motors, used-vehicle sales, used-vehicle values