F&I and Showroom Names 2016 F&I Pacesetters
This year’s field of F&I Pacesetters includes operations from California, Illinois, Texas and Wisconsin. One of them will be named F&I and Showroom's 2016 F&I Dealer of the Year at Industry Summit 2016.
TORRANCE, Calif. — F&I and Showroom announced the six winners of The Warranty Group-sponsored F&I Pacesetters contest. These operations are now in the running for the magazine’s coveted F&I Dealer of the Year award, the winner of which will be named this month at Industry Summit 2016.
This year’s field of F&I Pacesetters includes operations from California, Illinois, Texas and Wisconsin. Profiles of each operation will appear in the September 2016 issue of F&I and Showroom magazine.
“Selecting the five finalists is never easy, and this year was no exception,” said Gregory Arroyo, editorial director for F&I and Showroom magazine. “Each of them had a great story to tell and clearly demonstrated their ability to balance performance with customer satisfaction.”
Also sponsored by The Warranty Group, the F&I Dealer of the Year award is handed out annually to a dealership or dealer group with a highly profitable F&I department that demonstrates a commitment to regulatory compliance. This year’s winner will be announced on Wednesday, Aug. 31, at 4:30 p.m. inside the Paris Las Vegas’s Champagne Ballroom.
Past winners of the F&I Dealer of the Year award include Davis-Moore Automotive, Vaden Automotive Group, Serpentini Chevrolet of Strongsville, Lithia Motors Inc., Riverside Auto Group, The Suburban Collection, and Tuttle-Click Automotive Group.
The following are this year's finalist for the 2016 F&I Dealer of the Year award:
Carlsbad Buick GMC Cadillac, Carlsbad, Calif.
David Hobbs Honda, Glendale, Wis.
Gerald Hyundai, North Aurora, Ill.
Hub Hyundai Mitsubishi, Houston
Houston’s Hub Hyundai and Hub Mitsubishi operate at the same location but in separate facilities. They are part of Hub Auto Group, which was founded in 1975 by Bob Cox.
Sam Pack’s Five Star Ford of Lewisville, Texas
Five Star Ford of Lewisville (Texas) is part of Five Star Ford Inc., a group that consists of four Ford dealerships located in the sprawling Dallas-Fort Worth metro area. The group was founded in 1980 by Sam Pack, a former Ford Credit employee.
Star Dodge Chrysler Jeep Ram/Hyundai, Abilene, Texas
Star Dodge Chrysler Jeep Ram/Hyundai has been under the guidance of Dealer Principal Mike Dunnahoo since 1999. The Hyundai franchise was added in 2001. Dunnahoo started in the industry in 1972, and is active in all facets of his business.
More Auto Finance
July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →