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F&Iby StaffOctober 1, 2019

Childers to Lead NAE/NWAN Business Development Team

National Automotive Experts and NWAN’s Cliff Childers has been promoted from account executive to national business development manager.

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F&Iby StaffSeptember 26, 2019

Maxims Acquire DealerMax, Plan National Expansion

Jim Maxim Jr. and Jim Maxim Sr. have made DealerMax the new home of their Profit By Design F&I development platform and plan to rapidly expand the Boston-based company’s national footprint.

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Auto Financeby StaffSeptember 25, 2019

PassTime Launches ‘Revolutionary’ Wireless GPS Device

PassTime announced the launch of Encore, a new dealer-facing vehicle asset management tool packaged in a completely self-powered, slim design.

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F&Iby StaffSeptember 24, 2019

Universal Launches ZERO Down Payment Program

Universal Lenders announced the launch of the ZERO Down payment program, a new option for car buyers who wish to buy F&I products with no down payment.

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Auto Financeby Tariq KamalSeptember 19, 2019

Fed Cuts Interest Rates Again, Stock Market Responds

Stock are on the rise following the second quarter-point reduction to the federal funds rate in less than two months. No further cuts are planned for this year or next, guaranteeing further pressure from the White House.

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F&Iby StaffSeptember 18, 2019

‘Ask Frenchy’ Competition Now Accepting Submissions

Five F&I professionals will attend Industry Summit as a guest of IAS and veteran trainer Eric ‘Frenchy’ Mélon, who will select finalists for the third annual objection-handling competition and F&I training session.

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Dealer Opsby Tariq KamalSeptember 18, 2019

World’s First Carbon-Neutral Dealership Changes Hands

Motorcars Honda of Cleveland Heights has been purchased and renamed by the nine-store Foundation Automotive group. The Ohio store was recognized by BP as the world’s first carbon-neutral auto dealership in 2016.

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F&Iby StaffSeptember 18, 2019

Generali Targets Specialty Insurance Market With New Division

Generali US Branch’s Specialty Insurance Division will offer insurance and obligor services for warranties and service contracts on a global scale in multiple verticals, including automotive F&I.

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Complianceby StaffSeptember 17, 2019

Former Porsche Salesman Pleads Guilty to $3M Fraud

Shiraaz Sookralli faces 20 years in prison after admitting to charges of fraud and embezzlement relating to a multimillion-dollar scheme to sell nonexistent Porsches from a South Florida dealership.

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F&Iby StaffSeptember 17, 2019

EFG Adds Multifaceted Appearance Protection Product

EFG Companies’ Signature Finish Elite Appearance Protection targets traditionally unprotected surfaces, including body panels as well as glass, chrome, and rubber.

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