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NewsMay 29, 2014

CPS to Pay $5.5 Million to Settle FTC Charges

The FTC charged the subprime finance source with using illegal tactics to service and collect on consumer loans, including collecting money consumers did not owe, harassing consumers and third parties, and disclosing debts to friends, family and employers.

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NewsMay 29, 2014

NADA Data: F&I’s Contribution to Gross Profits Rises in 2013

The NADA reported this week that combined sales from F&I, service contracts and other F&I products accounted for 38.8% of gross profit in 2013, up from 36.5% in 2012.

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NewsMay 29, 2014

RV Dealers Discuss RV Warranty Forever Product

NWAN reported this week that its RV Warranty Forever program, which was launched this past October, is already making a big impact at RV stores carrying the protection.

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NewsMay 29, 2014

Affordable Credit Fuels May Sales Pace, Edmunds.com Reports

Edmunds.com predicted today that May sales will reach 1.55 million units. The SAAR is expected to reach 16.2 million.

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NewsMay 28, 2014

Sales Pick Up in Late May

CNW reported this week that sales picked up in late May, with the firm expecting deliveries for the month to increase 11% from a year ago.

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NewsMay 27, 2014

F&I Tip of the Week: Selling the Premium Option

How do you get customers to commit to that left column, better known as the premium option? United Development Systems' Gerry Gould shows you how in his latest installment of F&I Tip of the Week.

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NewsMay 22, 2014

NADA: U.S. Dealers Employ More Than 1 Million People

The number of people employed by the automotive retail industry topped the 1 million-person mark last year, with the average new-car dealership employing, on average, 57 people, the NADA reports.

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Newsby Gregory ArroyoMay 22, 2014

Biweekly Payment Providers Offer Unified Response to NADA Memo

Four providers of biweekly payment providers responded on May 20 to a memo the NADA issued to its members on May 8. They say the association overlooked key benefits when it cautioned dealers about how such products are presented to consumers.

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NewsMay 20, 2014

RouteOne to Offer Fair Lending Compliance Webinar

Tomorrow, RouteOne will discuss discretionary dealer markup practices during a complimentary compliance webinar.

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NewsMay 20, 2014

Ohio F&I Manager Achieves Highest Score on AFIP Exam

An F&I manager from Joyce Buick GMC in Avon, Ohio, posted the highest score on the AFIP Senior Certification Exam at AFIP’s inaugural Boot Camp, held in Cleveland in April.

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