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F&I

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Articles

Curb The Confusion

Talk to F&I customers like you’d talk to a friend, without industry lingo or sales-like questions, and use hard proof to show, not tell, them about a need.

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NewsDecember 16, 2015

(UPDATED) Vroom to Acquire Texas Direct Auto

The online startup looking to reinvent how cars are bought and sold has agreed to purchase the pioneer of selling vehicles online. According to officials, the two brands will co-exist and continue to operate online separately.

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NewsDecember 15, 2015

New-Vehicle Registrations Return to Prerecession Levels

Based on new-vehicle registration data collected by Experian Automotive, industry sales have returned to prerecession levels. Crossover utility vehicles and the state of California have led the way, accounting for 23.9% and 11.8% of all new-vehicle registrations, respectively.

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NewsDecember 15, 2015

Auto/Mate Announces CRMSuite Integration

Dealers who use both Auto/Mate and CRMSuite will benefit from the increased business intelligence the DMS and CRM deliver through real-time data exchanges.

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NewsDecember 15, 2015

TransUnion: Average Auto Balances to Rise in 2016, Delinquencies to Remain Flat

TransUnion expects the average auto loan debt per borrower to increase to $18,509 by the end of 2016, a more than $3,500 increase since the Great Recession. The firm noted, however, that subprime auto loans still make up less than the 23.7% share recorded in the third quarter 2009.

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NewsDecember 15, 2015

Transportation Bill Paves the Way Toward Digital Vehicle Transactions

Billed as a down payment for building a 21st century transportation system, the recently passed Fixing America’s Surface Transportation Act, or Fast Act, contains a provision that clears a key hurdle in the industry’s drive toward a fully digital transaction.

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NewsDecember 14, 2015

KAR Auction Services Hires Vice President of Total Rewards and Human Resources

KAR Auction Services has hired Toby Hahn as vice president of total rewards and promoted Brad Jokovich to vice president of human resources.

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NewsDecember 14, 2015

Certified Pre-Owned Sales Post Best Q3 Performance, Edmunds Reports

The number of consumers willing to pay a premium for the benefits of a certified pre-owned vehicle is growing, Edmunds reported this week. Between July and September, certified pre-owned vehicles accounted for 22% of used-car purchases at franchise dealerships -- the largest share of any third quarter.

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ArticlesDecember 11, 2015

'Tis the Season to Count Our Blessings

The AFIP’s executive director gives thanks to the regulators and the regulations they enforce. He explains why dealers should do the same.

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NewsDecember 10, 2015

S.C. GAP Law Takes Effect

The new law mirrors the model act developed by the Guaranteed Asset Protection Alliance and clarifies how the product may be offered in the state. But the law contains restrictions on when the protection can be sold.

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NewsDecember 10, 2015

Dealer Group to Build State-of-the-Art Showrooms on New York City's Auto Row

BNF Automotive Group has signed a 25-year lease for 265,000 square feet of space in the heart of New York City's Auto Row to build showrooms and service facilities for Jaguar Land Rover Manhattan, Infiniti of Manhattan and Nissan of Manhattan.

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