Posts
Creating a Connected Buying Experience
The time is ripe for a revolution in car-buying. It’s been fifteen years or so since third-party shopping websites came on the scene, and sites like Edmunds and AutoTrader started publishing invoice and retail pricing information for all to see. Th
Dec 19, 2014
Dealership Insurance Outlook for 2015: Is That a Light at the End of the Tunnel?
It seems like almost every day I read another headline about improved insurer profits, increased insurance and reinsurance capacity, and record broker profits. What does this mean for the dealer? Well, if this keeps up, it will result in more competi
Dec 12, 2014
Online F&I product sales a ‘struggle’
Online F&I product sales a ‘struggle’, from Automotive News. Driver’s Village has readily embraced offering credit approvals on its e-commerce site, dvoffers.com, but it has yet to sell extended service contracts and other F
Dec 11, 2014
In-store kiosks put F&I right in front of customers
In-store kiosks put F&I right in front of customers, from Automotive News. Michael Fastman believes in the power of putting finance and insurance products at customers’ fingertips. So he is buying kiosks for BMW of Silver Spring, in Silver
Dec 11, 2014
November Sales Pace at 17.20 Million-Unit Annual Rate
November Sales Pace at 17.20 Million-Unit Annual Rate, from F&I Magazine. November new-vehicle sales increased 4.6% to 1,302,043 units. On a year-to-date basis, sales increased 5.4% to more than 15 million units sold through during the first 11
Dec 10, 2014
How Big Data Brought Ford Back from the Brink
How Big Data Brought Ford Back from the Brink, from LinkedIn Pulse. In 1913, the Ford Motor Company was at the forefront of car manufacture. Designing the reasonably-priced Model T to appeal to the masses and employing division of labour & mobli
Dec 9, 2014
F&I, sales managers see paychecks converge
F&I, sales managers see paychecks converge, from Automotive News. The days of fat paychecks for finance and insurance managers may be ending. Many F&I managers are earning compensation more in line with their dealership management peers, ac
Dec 9, 2014
Phoenix auto-dealer chain censured for credit practices
Phoenix auto-dealer chain censured for credit practices, from The Arizona Republic. Phoenix-based DriveTime, which operates 117 used-vehicle dealerships across the nation, was ordered to pay an $8 million penalty and told to clean up its credit-repor
Dec 4, 2014
U.S. accuses Toyota credit unit of discriminatory loan pricing
U.S. accuses Toyota credit unit of discriminatory loan pricing, from Chicago Tribune. Toyota Motor Credit Corp. said federal authorities have raised concerns about the pricing of its auto loans, saying that the loans could be discriminatory, and warn
Dec 4, 2014