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HOUSTON, TX — On Tuesday, F&I product provider GSFS Group launched a new centralized online performance reporting tool for F&I products called Dealer Executive Dashboard. It’s designed to help users update income strategies and improve profitability. The online data solution provides dealers and agents with access to extensive claims analytics, customer retention data, performance reports, ... Read More »
Read More →ONTARIO, CALIF. — CU Direct today announced the appointment of Ron Frey as chief strategy officer of its automotive solutions. He joined the company this month. Frey will oversee the planning and direction of automotive solutions as it relates to product and market expansion. This includes oversight of existing products, including CUDL, a credit union ... Read More »
Read More →DAYTON, OH — The Reynolds and Reynolds Co. announced that Reynolds Document Services has developed 30 state-specific Reynolds LAW brand F&I documents libraries, surpassing the midway point of its goal to create LAW F&I libraries for all 50 states. Reynolds LAW brand F&I libraries contain a comprehensive suite of standardized F&I documents designed to help ... Read More »
Read More →WASHINGTON, D.C. — The Federal Trade Commission today charged nine Los Angeles-area dealerships and their owners with a wide range of deceptive, and unfair sales and financing practices, including payment packing and using “yo-yo” finanicng tactics. According to the FTC’s announcement, this is the first time the regulator has filed an action against an auto ... Read More »
Read More →WASHINGTON, D.C. — Wells Fargo Dealer Services has agreed to pay more than $4.1 million to settle charges that it violated the Servicemembers Civil Relief Act (SCRA) when it repossessed 413 vehicles owned by protected servicemembers without obtaining a court order, the U.S. Department of Justice (DOJ) announced on Friday. The settlement will cover repossessions ... Read More »
Read More →NEW YORK, NY — Chase announced the launch of Chase Auto Direct, a new online portal powered by TrueCar that will allow Chase customers to shop for a vehicle and secure financing. The portal will then direct buyers to a dealership in the Chase network with inventory that matches the customers’ preferences. “Customers today are ... Read More »
Read More →SAN DIEGO, CA — General Motors has once again partnered with the Costco Auto Program on a Holiday Sales Event, which kicked off on Oct. 1 for Costco members. This year’s event will feature models from Chevrolet, Buick, GMC, Cadillac, including models not offered last year like the Chevrolet Colorado, Buick Cascada, Cadillac XT5 and ... Read More »
Read More →LAKE FOREST, CA – Portfolio, a leading reinsurance program manager for automotive dealers, has named Lori Hallissey Chief Operating Officer effective October 3rd. As part of the senior management team, she will be responsible for all Portfolio operations including contract processing, claims management and Information Technology, with six directors and managers reporting to her directly. ... Read More »
Read More →SCOTTSDALE, Ariz. — CNA National is pleased to announce that Marty Bourgeois has been selected for the 2016 CNA Chairman’s Award. This honor is the highest form of recognition at CNA and awarded to only a couple dozen employees each year out of a pool of 7,000. Recipients are chosen because they demonstrate all five ... Read More »
Read More →SAN CLEMENTE, Calif. – After more than a year of dedicated development and collaboration with dealers, DealerSocket will officially release iDMS at the company’s User Summit, Oct. 3-5, in San Antonio, Texas. iDMS marks the first of several upcoming product launches for DealerSocket’s full-scale, integrated technology platform tailored to independent dealers. “Our independent platform’s seamless ... Read More »
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