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June 8, 2017 - Industry News

AAA Spills the Truth on Oil Changes

The motor club found that synthetic oil performs nearly 50% better than conventional oil in tests. AAA also found, however, that most U.S. drivers are either unsure or do not believe the more expensive synthetic oil is better for a vehicle’s engine.

Tags: oil change, parts and service, Prepaid Maintenance

April 4, 2017 - Industry News

AAA: One-In-Three U.S. Drivers Can’t Afford Unexpected Repair

The organization's newest survey backs the need for F&I protections, finding that 64 million U.S. drivers can't afford an unexpected vehicle repair. AAA also found that one-third of drivers skip or delay recommended services or repairs.

Tags: AAA, F&I manager, Prepaid Maintenance, Repairs, Service Contracts, Vehicle Maintenance

November 14, 2016 - Industry News

Fidelis PPM, MaximTrak Announce Integration

This integration enables F&I departments using MaximTrak to deliver e-contracting functions between the technology firm's F&I platform and Fidelis' prepaid maintenance software, providing dealerships with a paperless solution for presenting, validating, and registering Fidelis products.

Tags: CU Direct, F&I products, Fidelis PPM, Jim Maxim, Jr., MaximTrak, Prepaid Maintenance

April 19, 2016 - Industry News

Fidelis PPM Completes Reynolds Certified Interface Program

The announcement marks the first time a prepaid maintenance program has achieved Reynolds and Reynolds certification. It's also the first time such a program has been recognized as a Reynolds Certified Interface product.

Tags: certification, Fidelis PPM, Prepaid Maintenance, Reynolds & Reynolds

July 28, 2015 - Industry News

Vero Forms New Division With Acquisition of Fidelis PPM

With the acquisition, Vero and Fidelis PPM have formed DRIV Technologies LLC, which will provide dealers with a new prepaid maintenance technology platform designed to drive up customer retention.

Tags: DRIV Technologies, F&I manager, F&I menu, F&I products, Fidelis PPM, Prepaid Maintenance, Vero

August 14, 2014 - Industry News

Service Group Partners With Kawasaki

The Austin-based firm will serve as the administrator for the powersports maker's new GAP, tire-and-wheel and prepaid maintenance products. The protection products will be offered alongside the OEM's new Kawasaki Protection Plus.

Tags: GAP, Kawasaki Motors Corp., Prepaid Maintenance, Tire and Wheel

July 29, 2014 - Industry News

Group 1 Posts 12.3% Increase in F&I Revenue

The dealer group’s U.S. F&I operations raised its per-copy average $91 to $1,442 in the second quarter. On a year-to-date basis, the group's per-copy average rose $128 from a year ago to $1,499.

Tags: F&I products, GAP, Group 1 Automotive, Prepaid Maintenance, product penetration, Quarterly Earnings, vehicle service contracts

July 17, 2014 - Industry News

Fidelis PPM Partners with National Auto Care

National Auto Care will now offer a white-labeled version of Fidelis PPM's prepaid maintenance program as part of its F&I product roster.

Tags: Fidelis PPM, National Auto Care Corporation, Prepaid Maintenance

April 10, 2014 - Industry News

J.D. Power: Prepaid Maintenance Fueling Brand Loyalty, Repurchase Rates

The percentage of vehicle owners with complimentary or prepaid vehicle maintenance packages has more than doubled during the past five years, according to a study by J.D. Power. The growth of such offerings is helping to drive up loyalty and repurchase rates for OEMs and dealers.

Tags: J.D. Power and Associates, Prepaid Maintenance, Vehicle Maintenance

March 26, 2013 - Industry News

Honda Cars of Boston Rebrands Lease PPM, Achieves 40 Percent Penetration

After private labeling MediaTrac's prepaid maintenance program, Honda Cars of Boston reports that 40 percent of lease customers are opting for the plan.

Tags: Honda, MediaTrac, Prepaid Maintenance, UltraCare Prepaid Maintenance

March 5, 2013 - Industry News

Study: UltraCare Prepaid Maintenance Plans Boost RO Upsell

According to a recent study from MediaTrac, dealers using UltraCare Prepaid Maintenance are cashing in on additional revenue with each RO.

Tags: MediaTrac, Prepaid Maintenance, repair order, RO, UltraCare Prepaid Maintenance

September 6, 2012 - Industry News

F&Idol Finalists Revealed

The magazine releases the names of the five finalists vying for the IAS-sponsored F&Idol award. The winner will be named next week at Industry Summit 2012.

Tags: Chris Bell, Dina Wilson, F&I and Showroom, F&Idol, GAP, Industry Summit 2012, Jeremy Johnston, Joe Lawrence, key replacement, Prepaid Maintenance, Raymond Borg, Tire and Wheel, vehicle service contract

August 14, 2012 - Industry News

Maintenance Plans Drive Loyalty, Study Highlights

News study from DMEautomotive confirms that prepaid maintenance plans drive service retention, but also reveals that one in four customers still stray from the dealership while under a plan.

Tags: automotive marketing, DMEautomotive, Maintenance plan, OEM warranty, PPM, Prepaid Maintenance

August 7, 2012 - Industry News

GSFSGroup Launches Reinsurable Maintenance Plan

The F&I product provider's newest program doubles as a customer loyalty program and a long-term, wealth-building opportunity for dealers.

Tags: F&I products, GSFSGroup, Prepaid Maintenance, reinsurance

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