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Insider Tip of the Week

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May 27, 2014 - Industry News

F&I Tip of the Week: Selling the Premium Option

How do you get customers to commit to that left column, better known as the premium option? United Development Systems' Gerry Gould shows you how in his latest installment of F&I Tip of the Week.

Tags: F&I Help, F&I Tip of the Week, F&I training, Gerry Gould, United Development Systems

April 28, 2014 - Industry News

Industry Summit Doubles Down on SF

Industry Summit 2014 will feature multiple education sessions dedicated to special finance and used-car retailing. Serving as master of ceremonies for those two tracks will be special finance guru Greg Goebel.

Tags: Greg Goebel, Industry Summit 2014, special finance, Used Car Retailing

April 10, 2014 - Industry News

ADP Plans to Spin Off Dealer Services Business

The company expects to complete the separation of the two companies in the early part of the fourth quarter. Leading the Dealer Service business unit will be ADP executives Steve Anenen and Al Nietzel.

Tags: ADP, ADP Dealer Services, Al Nietzel, Carlos Rodriguez, Steve Anenen

March 25, 2014 - Industry News

Industry Summit Adds Dealership Sales & Technology Track

Dealership Sales & Technology joins the F&I, Special Finance and P&A Leadership tracks for the annual event, which will be held Sept. 8–10 at Paris Las Vegas.

March 21, 2014 - Industry News

Auto Dealer TV Debuts

Catch the first episode of Auto Dealer TV, brought to you by Auto Dealer Monthly and F&I and Showroom magazine.

March 11, 2014 - Industry News

Employees Charged With Defrauding Florida Dealership

Three dealership employees are charged with embezzling $400,000 from their employer, The Tampa Tribune reports.

Tags: fraud, marketing

March 5, 2014 - Industry News

Kia Renews Deal With JM&A

Reporting a 19% increase in F&I product sales last year, Kia renews deal with JM&A to continue providing and administering its line for F&I products.

Tags: JM&A Group, Kia

March 3, 2014 - Industry News

Save the Date for Industry Summit 2014

Organizers of Industry Summit 2014 have announced that the event will be held September 8–10 at Paris Las Vegas. The show now includes the F&I Conference, Special Finance Conference, Dealership Sales & Technology Conference and the P&A Leadership Conference.

Tags: Auto Dealer Monthly, Dealer Sales & Technology Conference, F&I and Showroom, Industry Summit 2014, P&A Leadership Conference, Special Finance Conference

February 27, 2014 - Industry News

Cars.com Projects Highest February SAAR Since 2008

Cars.com analyst predicts that new-vehicle sales in February will be up 1.1% from a year ago. He also put the industry SAAR at 15.4 million — the highest selling rate since February 2008.

Tags: Cars.com, Jesse Toprak, SAAR

February 25, 2014 - Industry News

EFG Partners With Auto Financial Group to Expand Balloon Financing Product

The partnership aims to drive up market share of Auto Financial Group’s DrivingSense option, a hybrid financing product that acts like a lease.

Tags: Auto Financial Group, Balloon Loan Program, DrivingSense, EFG Companies

February 25, 2014 - Industry News

Larry H. Miller CEO to Appear on ‘Undercover Boss’

The company’s chief executive is set to appear on the Emmy Award-winning show on Feb. 28. The episode will focus on the Utah Jazz and game-night operations at EnergySolutions Arena.

Tags: CBS, Greg Miller, Larry H. Miller Dealerships, Undercover Boss

February 25, 2014 - Industry News

Digital Air Strike Launches Social Media App

The company claims to have the first social media app that operates on the Microsoft Windows 8.1 platform. It is designed to allow dealers to manage their social media profiles and online reputation in real time.

Tags: Digital Air Strike

February 25, 2014 - Industry News

Manheim to Purchase Stake in Go Financial

The provider of vehicle remarketing services signs agreement to purchase an equity stake in the subprime finance source. The transaction is expected to close in June.

Tags: GO Financial, Manheim, NextGear Capital

February 25, 2014 - Industry News

Light Vehicle Sales Rebounding in Late February, JD Power and LMC Report

Early returns for the month of February show sales of light vehicles rebounding after being hampered by severe weather disruptions in much of the United States.

Tags: JD Power, Light-Vehicle Sales, LMC Automotive, SAAR

February 18, 2014 - Industry News

Joe Verde Launches Goal-Setting Calculator for Salespeople

Joe Verde Sales & Management Training Inc. has released a new online goal-setting calculator, which can be used by salespeople to set realistic and achievable one-year improvement goals.

Tags: Joe Verde

February 17, 2014 - Industry News

Dealer Count Slipping Into ‘New Normal,’ Urban Science Reports

Urban Science says the closure of 220 Suzuki franchises was largely responsible for the slight decrease in the dealer count last year. But analysts believe the industry may also be settling into a ‘new normal pattern’ in terms of its dealer count.

Tags: Automotive Franchise Activity Report, Urban Science

February 13, 2014 - Industry News

Consumers Poised to Buy More Cars in 2014, Huntington Bank Reports

A survey conducted by Huntington Bank reveals that 22% of consumers in the states of Ohio, Michigan, West Virginia, Indiana and Western Pennsylvania are considering buying or leasing a vehicle in 2014, a one percentage point increase over last year.

January 9, 2014 - Industry News

Law Firms Join Forces in Antitrust Suit Against Carfax

Bellavia Blatt Andron & Crossett P.C. has joined forces with another law firm in prosecuting its antitrust suit against Carfax.

Tags: antitrust, Carfax, Leonard Bellavia

November 5, 2013 - Industry News

End of Gov’t Shutdown Causes Late Surge in Used Sales, CNW Reports

The reopening of government in mid-October helped used-vehicle sales realize a 3.63 percent increase from a year ago, CNW Research calling the increase “somewhat weaker” than expected.

Tags: CNW Research, government shutdown, Used Sales

August 29, 2013 - Industry News

[Video] Dodd-Frank Act to Headline F&I Conference and Expo

The magazine will convene an all-star cast of compliance and regulatory experts to delve into the Dodd-Frank Act and the Consumer Financial Protection Bureau. They’ll also touch on what’s happening at the state level.

Tags: Andrew Koblenz, Damon Wiener, Dodd-Frank Act, F&I Conference & Expo, Gregory Arroyo, Nikki Munro, Terry O'Loughlin

July 23, 2013 - Industry News

July Deliveries Could Rise 7 Percent, CNW Predicts

The first 20 days of July has the market research firm predicting a 7 percent gain in deliveries from a year ago. CNW also spots an incentive war brewing on the horizon.

Tags: CNW Research, New-Car Sales

July 23, 2013 - Industry News

1.2 Million Buy Used Instead of New

The Great Recession is still weighing heavily on how consumers shop for vehicles, as new-vehicle intenders continue to make the switch to used. It’s a trend automakers should continue to fuel, CNW predicts.

July 18, 2013 - Industry News

RoadVantage Adds to Executive Team

The company celebrates its two-year anniversary by announcing two expansion moves aimed at fueling the company’s continued growth.

June 17, 2013 - Industry News

[Video] F&I Tip of the Week: Selling Tire and Wheel

United Development Systems’ Gerry Gould continues with his “How’d That Feel” sales series with a few words on selling Tire and Wheel protection. Here’s a hint: It’s all in the delivery.

Tags: F&I manager, F&I Tip of the Week, Gerry Gould, Tire and Wheel, United Development Systems

February 19, 2013 - Industry News

[Video] Tip of the Week: Selling to Good and Lucky Drivers

How do you respond to customers who say they’ve never been in an accident and don’t need GAP? United Development Systems' Gerry Gould has the answer in F&I’s Tip of the Week.

Tags: F&I menu, F&I process, F&I Tip of the Week, GAP, Gerry Gould, United Development Systems, VSC