Finance & Insurance
Finance and insurance products besides the staples of guaranteed asset protection coverage and vehicle service contracts have made up an increasing portion of dealership F&I product revenue since 2019, according to F&I software and analytics provider StoneEagle.
The Cybertruck came in seventh out of the top selling new EVs in the fourth quarter, down from third in the third quarter.
Often you can get 10 percent penetration on a product just by taking the time to sell it to every customer, said Stephanie Cooper, a coach at iA American Warranty Group.
The Federal Trade Commission has too few commissioners to take significant action, Asbury Automotive Group Inc. argued in a new filing that once again called on a Texas federal court to halt the agency’s internal case against the national dealership group.
President Donald Trump on March 26 said House Speaker Mike Johnson, R-La., is working on providing consumers with a tax deduction for interest paid on auto loans for American-made vehicles.
An auto dealership finance manager’s “belief system” heavily contributes to their finance and insurance performance, according to Jeremiah Shelton, vice president of training and development for F&I product provider EasyCare.
Finance managers preserved gains in average F&I gross profit per vehicle made during the COVID-19 pandemic and inventory shortage, StoneEagle data shows.
Auto loan fraud continues to grow to record levels, a new study shows.
Momentum appears to be growing for states to handle vehicle titling and liens electronically, a capability that has the potential to smooth transactions for dealerships.
Car buyers are struggling with outside economic factors while affordability challenges persist within the car market.
