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Categories: Auto Finance, Compliance, Dealer Ops, Digital, F&I, Showroom, Training

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

https://www.fi-magazine.com/322058/kar-auction-services-hires-vice-president-of-total-rewards-and-human-resources
Categories: Dealer Ops, Industry, Showroom
Soaring Used Car Prices Named as Key Reason for Skyrocketing Inflation

The Bureau of Labor Statistics reports the cost of previously owned sedans, pickups, and SUVs climbed 10% in April, accounting for over one-third of the...

https://www.fi-magazine.com/364752/soaring-used-car-prices-names-as-key-reason-for-skyrocketing-inflation
Categories: Dealer Ops, Industry, Showroom
China’s Passenger Vehicle Sales Slump in June

Reports a 2.9% year-over-year drop in sales and the first monthly contraction since January.

https://www.fi-magazine.com/371320/chinas-passenger-vehicle-sales-slump-in-june
Categories: Auto Finance, Digital, F&I, Industry
Third Quarter Auto Finance Digital Transformation Index Illustrates Additional Growth to Digital

Digital adoption and conversion of back-office processes from paper to digital has continued this year, despite slowing auto sales compared to last year.

https://www.fi-magazine.com/369289/wolters-kluwer-third-quarter-auto-finance-digital-transformation-index-illustrat
Categories: Dealer Ops, F&I

The Office of the Comptroller of the Currency has once against expressed concern about rising credit risks in the auto finance arena, noting that...

https://www.fi-magazine.com/322489/occ-expresses-concern-about-rising-risk-in-auto-finance
Categories: Auto Finance, Dealer Ops, Industry, Sales, Showroom
Will Higher Interest Rates Cool Demand for New Cars?

The average interest rate paid on a new vehicle purchase hit 5.7% in September, up from about 4% in 2021.

https://www.fi-magazine.com/369011/will-higher-interest-rates-cool-demand-for-new-cars
Categories: Dealer Ops, F&I
Improving Dealership Profitability: Product Knowledge Means More Sales

To be the better, more profitable dealer, know your products.

https://www.fi-magazine.com/366018/improving-dealership-profitability-product-knowledge-means-more-sales
Categories: Auto Finance, Compliance, F&I
Price Point

The New York attorney general’s crackdown on an F&I product provider and the dealerships that sold its credit repair services comes at a time when federal...

https://www.fi-magazine.com/310693/price-point
Categories: F&I, Opinion
Are You an F&I Manager or an F&I Clerk?

Years of strong sales and near-zero unemployment have lowered the bar for the business office. Veteran F&I pro shares two proven strategies for turning a...

https://www.fi-magazine.com/356631/are-you-an-fi-manager-or-an-fi-clerk
Categories: Dealer Ops, Industry, Showroom
The Kerrigan Index Drops to 2012 Levels

Crisis triggers a 47.9% decline from 52-week high in December; Kerrigan Advisors release additional insights into automotive retail ramifications.

https://www.fi-magazine.com/360642/the-kerrigan-index-drops-to-2012-levels
Categories: Dealer Ops, Industry, Showroom
Ford Makes Parts Prototypes From Olive Tree Prunings

Says it’s looking for more ways to reduce plastics in its models and use more sustainable materials.

https://www.fi-magazine.com/372859/ford-makes-parts-prototypes-from-olive-tree-prunings
Categories: Dealer Ops, Digital, Industry, Product & Technology, Showroom
CarNow, Vincue Partner for Vehicle-Buying Enhancement

Collaboration to better serve dealers, customers by pinpointing vehicle’s highest authentic value and introducing real-time communication.

https://www.fi-magazine.com/369946/carnow-vincue-partner-for-vehicle-buying-enhancement
Categories: Dealer Ops, Industry, Showroom
Used-Vehicle Picture Brightens

Wholesale prices picked up as February ended in a flow of early tax returns that fueled a normalized sales conversion rate, Cox Automotive says.

https://www.fi-magazine.com/373254/used-vehicle-picture-brightens
Categories: Dealer Ops, F&I, Industry
Crash Course

Auto industry veteran was a natural at sales. Now he helps others earn their F&I chops or identify those who have them in the first place.

https://www.fi-magazine.com/373683/crash-course
Categories: Compliance, Product & Technology
Recall Masters Supports its Auto Dealers with Special COVID-19 Response Kit

Recall Masters, Inc. announced the launch of a special COVID-19 Response Kit at no cost for its auto dealer clients.

https://www.fi-magazine.com/360709/recall-masters-supports-its-auto-dealers-with-special-covid-19-response-kit
Categories: Dealer Ops, Digital, Industry, Product & Technology
Do Dealers Embrace EV Sales?

Industry leaders dispel the notion that dealers do not support EV sales.

https://www.fi-magazine.com/367775/do-dealers-embrace-ev-sales
Categories: Dealer Ops, Digital, Fixed Ops, Showroom, Training

David Shear previously served as an independent training consultant, leading a team of 15 facilitators delivering training to 510 Nissan dealerships.

https://www.fi-magazine.com/323210/frogdata-hires-renowned-automotive-consultant
Categories: Dealer Ops, Industry, Showroom
The Future is Digital at Germain Toyota of Naples

At a time when it was sink or swim for many dealerships, Brian Kramer rose to the challenge and turned lost time into a digital transformation. 

https://www.fi-magazine.com/363694/the-future-is-digital-at-germain-toyota-of-naples
Categories: Showroom
ADESA Launches New Tool to Drive Greater Wholesale Value

Technology provides sellers with actionable repair suggestions and buyers with improved quality vehicles.

https://www.fi-magazine.com/366291/adesa-launches-new-tool-to-drive-greater-wholesale-value
Categories: Dealer Ops, F&I, Showroom, Training
Survey: Dealers Overestimating Customer Trust

The results of a survey of 400 dealers at the NADA convention indicate many dealers are overestimating customer trust, their sales team’s product knowledge,...

https://www.fi-magazine.com/323089/survey-dealers-overestimating-customer-trust


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