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NEWARK, N.J. — Sansone Hyundai has agreed to pay $136,000 to resolve charges that it failed to disclose the total price of certain advertised vehicles and charged consumers for F&I products listed at “no charge” on certain leases and sales contracts,” New Jersey Attorney General Christopher S. Porrino and the state’s Division of Consumer Affairs ... Read More »
Read More →NEW YORK — AmTrust Financial Services Inc. today announced that Jackie Banks, an experienced F&I industry executive, has joined the company as vice president of reinsurance for its Special Risk division. She will be responsible for all aspects of reinsurance for the division, including sales support, training and development of staff, as well as general ... Read More »
Read More →CHICAGO — Subprime originations registered their first decline since 2012, according to TransUnion’s quarterly Industry Insights Report. It found that 4.63 million subprime consumers originated an auto loan or lease, personal loan, or credit card in the first quarter, down from 4.89 million in the first quarter of 2016. The firm attributed the decline to ... Read More »
Read More →ALBANY, N.Y. — Nissan of New Rochelle will pay more than $298,000 to settle claims that the dealership willfully defrauded 298 car buyers of a total of $276,127 by tacking on a window-etch program that included a “Total Loss Protection” benefit after customers had agreed to a price for the vehicle and often without their ... Read More »
Read More →Automotive Development Group (ADG)/EasyCare announced that David Hunter has joined the company as an F&I specialist. His duties include in-dealership F&I training and consulting. “David’s extensive industry experience and academic credentials are a powerful combination,” said Greg English, president of ADG. “We have nothing but the highest expectations for his success, and that of the ... Read More »
Read More →SCOTTSDALE, Ariz. — CNA National Warranty Corporation (CNAN) is pleased to announce that Jim Lee has joined the company as its new chief information officer, effective Aug. 7. “With a wealth of experience in both information technology and business leadership, Jim has the right combination of skills to help CNA National as we continue to ... Read More »
Read More →DALLAS – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, announced today the launch of EFG Express Claims, one of the industry’s first claims automation systems enabling dealerships to self-adjudicate claims and receive automatic approvals. For more information, visit http://bit.ly/EFGClaims. EFG Express Claims automates the claims adjudication process using self-service features within DRIVE, ... Read More »
Read More →CareGard Warranty Services, Inc. is pleased to announce that we will be hosting an open house at our home office in Grapevine, Texas to give a big Texas “Howdy!” to agents attending this year’s Industry Summit. The summit will be taking place September 11-14 at the Gaylord Texan Resort & Convention Center, which is located ... Read More »
Read More →STRONGSVILLE, Ohio, Aug. 2, 2017 /PRNewswire/ — NAE/NWAN and Universal Lenders LLC, creator of The Zero Plan®, announce today that they will be working together to offer financing solutions to auto dealers. This partnership will allow dealers to provide their customers who purchase NAE/ NWAN Vehicle Service Contracts and other cancellable Ancillary products, with premium ... Read More »
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