The Industry's Leading Source For F&I, Sales And Technology

Finance

101  -  125  of  2233

March 26, 2018 - Industry News

New AIADA Chair: ‘Trade Wars Have Real Consequences’

Utah dealer Brad Strong began his 2018 AIADA chairmanship with a bang, calling out Washington’s ‘tax and tariff schemes’ in a Las Vegas address.

March 26, 2018 - Industry News

NADA Chairman Outlines Goals, Focus Areas for 2018

Michigan dealer Wes Lutz outlined his chief concerns as the new chairman of the National Automotive Dealers Association.

March 26, 2018 - Industry News

NADA’s Scarpelli: Vehicle Affordability Drives Advocacy Efforts

Outgoing NADA chair and Illinois dealer Mark Scarpelli delivered a moving address at the association’s 2018 convention.

March 23, 2018 - Industry News

NADA Economist: U.S. Light-Vehicle Sales Down 20,000 Units Through February

Patrick Manzi met with the automotive press to discuss the trends affecting auto dealers and industry suppliers in attendance at NADA Show 2018.

March 22, 2018 - Industry News

RouteOne’s MaximTrak Rolls Out Digital Retailing Platform

MaximTrak aims to redefine the F&I transaction with its new FLITE ENGAGE digital retailing platform. Designed to provide an omnichannel experience, the platform can be used by dealership personnel in the showroom or by consumers on their mobile device.

Tags: digital retailing, Jim Maxim, Jr., MaximTrak, online F&I, RouteOne, virtual F&I office, Virtual Showroom

March 22, 2018 - Industry News

Zurich to Showcase F&I Online Consumer Education Program at NADA

Zurich continues to enhance its digital presence with the introduction of a co-branded F&I landing page dealers can add to their websites. The new offering, which will be on display at NADA 2018, is designed to educate internet shoppers about F&I protection products.

Tags: digital retailing, F&I products, online F&I, virtual F&I office, Virtual Showroom, Zurich

March 21, 2018 - Industry News

RouteOne, ODE Alliance Targets Longstanding F&I Challenges

Officials with both companies said the technology convergence resulting from the new alliance will eliminate the need for traditional system-to-system integration and creates the broadest access point in the industry for dealers to connect with finance sources, OEMs, and F&I product providers.

Tags: digital retailing, econtracting, F&I Technology, online F&I, Open Dealer Exchange, RouteOne

March 19, 2018 - Industry News

Wise F&I Hires Lynn Miller

Twenty-year industry veteran Lynn Miller has joined Wise F&I as director of client services.

March 15, 2018 - Industry News

RouteOne, MaximTrak Streamline F&I Process With New Functionality

The new functionality allows product documents from the 110-plus F&I product providers connected to MaximTrak’s sales and F&I solution to be included in RouteOne’s econtracting package for a single, electronic consumer signing ceremony,

Tags: auto finance, econtracting, F&I process, F&I products, F&I solutions, MaximTrak, RouteOne

March 13, 2018 - Industry News

TD Auto Finance Commercial Services Announces National Expansion

The business unit began offering commercial loan products in June 2011, primarily in the East Coast. It had since expanded into the Midwest prior to today’s announcement.

Tags: auto finance, commercial financing, dealers, floorplan financing, TD Auto Finance

March 12, 2018 - Industry News

Cox Launches Accelerate in Vegas Market

Cox Automotive’s new connected retail platform was designed to connect the online and in-store process to drive faster car deals.

March 8, 2018 - Industry News

Black Book: Used Retention Index Rises on Early Spring Selling Activity

The spring selling season got off to an early start, leading to a slight month-over-month uptick in the firm’s Used Vehicle Retention Index. The big question is how the harsh weather that has recently struck parts of the country will impact values moving forward.

Tags: Black Book, Used Vehicle Retention Index, used-vehicle sales, used-vehicle values

March 8, 2018 - Industry News

Auto Lands at No. 2 on N.Y. Attorney General’s Complaint List

The regulator who has championed New York’s crackdown on payment packing released his office’s Top 10 list of complaints received in 2017. Auto was 1,965 complaints short of the No. 1 complaint category: the internet.

Tags: auto finance, compliance, Credit Forget It, Eric T Schneiderman, payment packing

March 7, 2018 - Industry News

Westlake Launches New Prime Program

Executives say the new program, which is designed for car buyers with a 750 FICO or better, is part of the finance source's push to become a one-stop shop for every dealership.

Tags: auto finance, F&I office, FICO, full-spectrum finance, Westlake Financial Services

March 7, 2018 - Industry News

eLEND Adds Auto Finance Veterans to Sales Team

Automotive finance veterans Joe Peterson and Flory Hunsaker join the tech firm as chief sales officer and regional sales director, respectively. They bring decades of sales success to eLEND as it prepares for the launch of its next-generation finance platform.

Tags: auto finance, digital retailing, Ecommerce, eLend Solutions, Gateway One Lending & Finance, online F&I

March 6, 2018 - Industry News

TD Auto Finance Joins AutoGravity Network

Through the newly forged partnership, indirect financing offers through TD Auto Finance will be made available to qualified buyers using AutoGravity’s digital retail platform.

Tags: auto finance, digital retailing, online F&I, TD Auto Finance

March 6, 2018 - Industry News

Clarivoy Appoints Jessica Ruth to VP Role

Auto industry veteran and former Dominion executive Jessica Ruth has joined Clarivoy as vice president of product.

Tags: auto finance, Clarivoy, digital retailing, online F&I, technology

March 5, 2018 - Industry News

Auto Loan Interest Rates Soar to Eight-Year High

Edmunds analysts say the industry is beginning to see the trickle-down effect from the rate increases happening at the federal level. February's annual percentage rate on new finance vehicles was expected to average 5.2%, up from 4.9% in the year-ago period.

Tags: auto finance, Edmunds, Federal Reserve, interest rates

March 5, 2018 - Industry News

Experian Unveils Tri-Bureau Trended Attributes

The new offering is designed to help finance sources better serve consumers across the credit lifecycle, providing insight into historical consumer behavior across all three credit bureaus.

Tags: auto finance, Experian, full-spectrum finance

March 1, 2018 - Industry News

APCO Adds Anne Bélec to Board of Directors

The F&I product provider’s new board member spent 24 years with Ford Motor Co., where she served as director of global marketing for Ford, president and CEO of Volvo Cars of North America, and president of sales operations for Volvo Car Corp. in Sweden.

Tags: APCO, EasyCare, F&I product provider, F&I products, Ford Motor Co. Volvo Cars, GWC Warranty

March 1, 2018 - Industry News

KBB: Average New-Car Prices Rise 2% in February

Transaction prices have remained unaffected so far this year by the expected slowdown in new-vehicle demand. Notable increases were recorded by American Honda, Toyota Motor Co., and Volkswagen.

Tags: average transaction price, Honda, Kelley Blue Book, Toyota, Volkswagen

February 28, 2018 - Industry News

Mitsubishi Names Fred Diaz CEO of North America

Fred Diaz previously served in Nissan’s commercial truck division. He succeeds Ryujiro Kobashi, who served as Mitsubishi North America’s president and CEO for the last four years.

Tags: Fred Diaz, Mitsubishi, Nissan

February 28, 2018 - Industry News

Jumpstart: Shopper Interest in Full-Size Pickups Climbs in February

Shopper interest in the redesigned Ram 1500 climbed 172% in February, according to Jumpstart. (Photo courtesy of FCA USA)

The full-size pickup was the No. 3 most-shopped segment on the media company’s portfolio of automotive websites. The main drivers were luxury-oriented consumers, who were seen cross-shopping full-size pickups in February.

February 27, 2018 - Industry News

NextGear Enhances Account Management Platform

The floorplan financing provider has updated its Account Portal management platform with a new feature that allows dealers to opt into a recurring and automated payment system.

Tags: auto finance, floorplan financing, NextGear Capital, technology

February 27, 2018 - Industry News

LMC, J.D. Power: Mixed Results Expected for February

Average incentive spending in February is poised to fall for the first time since 2013 due to lower spending by Domestic manufacturers on trucks and SUVs. The two firms also project a 400,000-unit decrease in the SAAR and a 3% decline in retail sales.

Tags: incentives, J.D. Power, LMC Automotive, new-vehicle sales, SAAR