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In this month's Under the Hood, Editor Hannah Mitchell examines a question many auto dealers have been asking since Federal Trade Commission enforcement intensified this year.
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While the precise outlines of the CFPB’s agenda are unknown, best practices will continue to be transparency, disclosure, and a full CMS to mitigate your risk and provide consistent and demonstrable compliance over time.
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While it’s a good sign that approval percentages continue to climb, we are still far below the levels we saw before the pandemic.
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Presented by F&I and Showroom magazine and sponsored by Spectrum Automotive Holdings, the annual awards program recognizes dealerships with highly profitable F&I departments.
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Lease credit approvals reached 67.6% in September; Down from 71.3% in August, according to Swapalease.
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The acquisition of Mojo Consulting further accelerates NAC’s acquisitive growth strategy, which focuses on partnering with like-minded, high-growth F&I companies that value a team-oriented culture.
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The better you understand the lending guidelines of each of your lenders, the better you will be able to match each deal to the lenders who will give you the most favorable terms.
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Advanced technology now found in used cars presents F&I opportunities for dealers, according to a study by Protective Asset Protection.
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The pandemic has been extremely impactful on automotive; Yet despite all this change, the industry marches forward as strong and resilient as ever.
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Overall, the data shows encouraging signs for the automotive finance market.
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Risk Theory Dealer Advisors and TrueRisk Advisors merge to form Brightline Dealer Advisors to create a truly dealer-centric partner in the automotive marketplace.
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