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News•May 7, 2018

Equifax: Finance Sources Pull Back From Subprime, Leasing

January saw a significant drop in lease originations, as finance sources placed a greater emphasis on loan incentives, according to Equifax. The firm also reported that subprime accounts fell to their lowest share of the market since 2006.

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News•May 7, 2018

Howse Named Head of Resource Agent Group

Mike Howse will serve as a senior vice president for First Extended Resource Automotive, replacing the recently departed John Luckett.

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News•May 7, 2018

Charter Warranty Introduces Car Payment Reimbursement Program

When a financed or leased vehicle is in a licensed mechanical or collision repair facility for more than seven days, Charter Warranty’s new program will reimburse a portion of the vehicle’s monthly payment for up to three months per eligible repair.

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Articles•by Rick McCormick•May 4, 2018

Menu Selling Reloaded

F&I trainer believes new technology and expert salesmanship can combine to create an efficient and productive menu-selling process.

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News•by Gregory Arroyo•May 3, 2018

Federal Reserve Keeps Rates Steady

The Federal Reserve voted unanimously to maintain the target range for the federal funds rate at 1.5% and 1.75%, but it hinted at a possible rate hike in June.

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News•May 3, 2018

Megasys Partners with Dealertrack

Executives said dealers using Dealertrack’s credit app solution will benefit from faster decisions thanks to a new partnership with Megasys.

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News•May 3, 2018

Dent Wizard Announces New COO, Mid-South RVP

Addison Thomas will serve as COO and Doug Grill takes over as Mid-South regional vice president.

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News•May 3, 2018

USEA to Pay Bonuses to F&I Managers

US Equity Advantage now offers F&I managers bonus income in addition to standard commissions.

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News•May 2, 2018

Incentives to Propel Leases for Compacts, Mid-Sizers in May

The latest forecast from Wantalease.com says factory incentives will spur lease originations for compact and mid-size vehicles throughout May.

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News•May 1, 2018

Brent Burns Named CEO of JM Family Enterprises

Current CEO Colin Brown, the first non-Moran family member to hold the titles of president and CEO, will maintain his role as chairman of the company’s board while providing guidance and counsel to Burns during the transition. Burns' appointment takes effect July, 1.

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