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January 31, 2017 - Industry News

EFG Companies: F&I Industry Faces Murky 2017

John Pappanastos, president and CEO of EFG Companies

The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.

Tags: Consumer Financial Protection Bureau, digital retailing, Donald Trump, EFG Companies, interest rates, new-vehicle sales, Regulations, used-vehicle sales

January 30, 2017 - Industry News

eLEND Study: Mobile Technology Adoption Hampered by Resistance to Change

Sixty percent of respondents to the technology provider’s dealer survey indicated that they are not considering using tablets in either their sales or F&I departments. Aside from resistance to change, respondents cited cost and an undefined ROI as reasons for not using mobile tablets.

Tags: digital retailing, eLend Solutions, tablet menu, technology

January 26, 2017 - Industry News

RoadVantage Teams With The Academy on New Training Initiative

The Academy is led by F&I trainer Tony Dupaquier. The program includes workshops for personnel at all levels within F&I and sales operations, and is designed with today’s internet-educated shoppers in mind.

Tags: digital retailing, F&I manager, F&I training, Garret Lacour, Internet Shopper, RoadVantage, The Academy, Tony Dupaquier

January 25, 2017 - Industry News

RouteOne’s Econtracting Platform Now Features Remote Document Delivery

The new technology allows users of RouteOne's econtracting solution to send their customers a secure link to access their deal files. Buyers can review the documents in the dealership on their own smartphone or tablet, or they can log in at home to review, save or print them for later reference.

Tags: compliance, digital retailing, econtracting, RouteOne

January 25, 2017 - Industry News

AutoGravity Launches Digital Finance Platform

AutoGravity's smartphone-based auto finance platform is now available to car buyers in 46 states, the company announced this week.

Tags: AutoGravity, digital retailing, online F&I

January 25, 2017 - Industry News

Roadster Adds Vehicle Recommendation Feature to Ecommerce System

The company’s new Vehicle Recommender tool for the iPad empowers dealership salespeople to instantly identify the right car for customers from the moment they set foot in the dealership. It’s available as a new feature of Roadster’s Express Storefront iPad app.

Tags: digital retailing, Ecommerce, online F&I, Roadster

January 25, 2017 - Industry News

ChannelNet Transforms Hyundai Capital’s Dealer Portal Into Real-Time Sales Tool

Launched in 2016, the portal acts as a cross-channel, integrated platform that applies ‘customer-centric principles’ to the dealer staff experience, officials said. Usage is role based, personalized and mobile friendly.

Tags: captive finance, ChannelNet, digital retailing, Hyundai Capital, salesperson, showroom, Vehicle Sales

January 24, 2017 - Industry News

automotiveMastermind Showcases Predictive Analytics Tech at NADA 2017

The system is designed to empower dealership sales teams with key insights and valuable information on its top prospects using a proprietary algorithm. It crunches thousands of data point to calculate how likely a customer is to purchase a new vehicle.

Tags: automotiveMastermind, digital retailing, digitla marketing, sales department

January 23, 2017 - Industry News

Pearl Technology Connects VehicleXchange to Experian’s Expiring Lease Data

The technology provider has transformed its service drive equity tool into a full-service marketing platform. With its new connection to Experian's expiring lease data, OEM and dealer users will be able to identify and extend a firm offer of credit to all qualifying customers with expiring leases within a market or by ZIP code.

Tags: digital marketing, digital retailing, Equity Mining, Off-Lease Vehicles, Pearl Technology, Press Release, VehicleXchange

January 23, 2017 - Industry News

Ford Credit Invests in Online Car-Buying Platform

The captive announced a new connection to San Francisco-based AutoFi, which provides a platform that allows customers to purchase and finance a new vehicle via the dealership’s website.

Tags: AutoFi, digital retailing, F&I products, Ford Credit, Online Buying

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 12, 2017 - Industry News

VinSolutions Announces New Integration with Dealertrack

With the Rates & Residuals enhancement, dealerships now have the ability to structure deals for new and pre-owned vehicles by accessing incentives, rates and programs from both their captive and noncaptive lenders, all within VinSolutions. The portal, powered by Dealertrack, then returns the top retail and/or lease programs based on consumer credit scores.

Tags: Dealertrack, desking, Digital F&I, digital retailing, VinSolutions

July 7, 2016 - Industry News

Online Retailing Will Lead to Higher F&I Profits, KBB Analyst Says

As digital retailing becomes more and more prolific, Kelley Blue Book Analyst Alec Gutierrez suspects that profits will continue shifting away from the sale of the car and into the F&I office.

Tags: digital retailing, F&I products, KBB

April 1, 2015 - Industry News

New Study Outlines Keys to Improving Dealership Performance in the Digital Age

A study conducted in cooperation with the NADA concludes that dealers must collaborate more with automakers to fend off challenges to the current retail model.

Tags: Car Sales, digital retailing, Internet Shopper, J.D. Power, McKinsey & Co., NADA

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