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Dealers should aim to build a positive work environment, helping employees execute an efficient experience, from their online research to the final delivery of the vehicle.
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ST. LOUIS – Rob Berger, executive vice president at Wise F&I LLC, was recently elected to serve as president of the Guaranteed Asset Protection Alliance (GAPA). GAPA, as an organization, was established in 2006 and is comprised of companies who offer Guaranteed Asset Protection (GAP) products. The purpose of GAPA is to monitor and lobby ... Read More »
Read More →COLLEYVILLE — The Association of Finance and Insurance Professionals issued guidance this week on the Federal Reserve Board and the Consumer Financial Protection Bureau’s Nov. 25 announcement that 2016 dollar thresholds for Regulation Z (Truth in Lending) and Regulation M (Consumer Leasing Act) exemptions will remain unchanged in 2016. Protections under the TILA and CLA ... Read More »
Read More →WILKES-BARRE, Penn. – GWC Warranty, the best-in-class provider of used vehicle service contracts and related finance and insurance products sold through automotive dealers, has successfully topped $375 million in claims paid to date. “Surpassing $375 million in claims is an important milestone for GWC,” said Rob Glander, CEO and President of GWC Warranty. “Our slogan is ... Read More »
Read More →WASHINGTON – The U.S. House of Representatives recently approved a piece of legislation that would nullify a 2013 bulletin issued by the Consumer Financial Protection Bureau, but would likely need the Senate to do the same by a veto-proof margin. The Reforming CFPB Indirect Auto Financing Guidance Act targets a bulletin that gave guidance on ... Read More »
Read More →FAIRFIELD — GE has signed an agreement to sell a 23.3 percent stake of Hyundai Capital Services to Hyundai Motor Company and Kia Motors as part of a broader deal to exit its entire 43.3 percent ownership of the consumer HCS. The transaction, which is subject to regulatory approval, represents aggregate GE ending net investment ... Read More »
Read More →DETROIT, MI – In a strategic partnership between a tech giant and an automaker, Google and Ford Motor Co. will pair on an autonomous vehicle-building project, according to a report in Yahoo Autos. Citing sources familiar with the plans, the report says that the joint venture will be announced by Ford at the Consumer Electronics ... Read More »
Read More →WASHINGTON, D.C. — Congress recently passed the “Protecting Americans from Tax Hikes Act of 2015,” a $622 billion tax bill that will allow dealers and their customers to expense a larger portion of business equipment purchases, according to a release from the National Automobile Dealer Association. The NADA said the provisions included in the Act ... Read More »
Read More →HICKORY, N.C. – CornerStone United, the most established consumer warranty programs administrator in the US and Canada, today announced the hiring of three seasoned industry experts to lead the company’s further expansion into the automotive market. “We see the largest opportunity for future expansion to be in the auto sector,” said Richard Swartzel, President, CornerStone ... Read More »
Read More →Wolters Kluwer Financial Services announced today it has teamed with F&I Express, a leading provider of digital F&I aftermarket product solutions to automotive dealers nationwide, to integrate F&I Express® eContracting with its AppOne indirect loan origination platform. The joint solution creates a comprehensive auto finance platform for dealers to originate compliant auto loans, verify pricing ... Read More »
Read More →BURLINGTON, Vt. — Dealer.com has joined the New Bing Ads Elite SMB Partner program and expanded its relationship with the Yahoo Preferred Partner Program, the company announced this week. In order to be in the Bing Elite SMB Partner program, partners need to have proven and trusted expertise in driving growth to small- and medium-sized ... Read More »
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