News

F&I Express Tackles Product Cancelations

CNA National Launches New Vehicle Service Contract Program

Scottsdale, Ariz.—CNA National, a recognized leader in the service contract industry, introduced its newest VSC series: Z2. This advanced product offers a wealth of consumer benefits with its enhanced coverage, additional deductible options and increased expense reimbursement package—all at highly competitive rates. “Z2 is the latest in a long line of VSCs all designed to ... Read More »

Managers at Alpha Warranty Services Are Honored with National Guard Patriot Award

Salt Lake City, Utah –  On Wednesday, April 5th the Employer Support of the Guard and Reserve, ESGR, presented two Alpha Warranty Services managers with the Patriot Award. The ESGR was established in 1972 to promote cooperation and understanding between Reserve Component Service Members and their civilian employers on the employee’s military commitments. Brian Frees, ... Read More »

Alan Scott Joins ADG/EasyCare

NORCROSS, Ga. — Alan Scott has joined ADG/EasyCare as an F&I specialist, the company announced. An eight-year industry veteran, Scott will serve as a trainer and producer at client dealerships to help ADG/EasyCare dealers succeed. “I love the car business and I wanted to get a different take on it, and ADG/EasyCare really has a ... Read More »

New F&I Compliance Certification Offered by American Financial

THE WOODLANDS, Texas – A new F&I compliance certification has been introduced to the industry by Automotive Compliance Education, LLC (ACE). The ACE certification program was developed by industry-leading attorneys to help set and maintain professional standards at dealerships. This training program takes the rigorous and complicated federal regulations that touch different parts of the ... Read More »

NAE/NWAN Announces New President and Partner

STRONGSVILLE, Ohio – National Automotive Experts (NAE) and NWAN, Inc. (NWAN) announce promotion and partnership of David Neuenschwander. David Neuenschwander, Vice President of NAE/NWAN was named President of both companies after becoming an equity partner of both companies. Former President, Kelly Price, will now serve as the Chief Executive Officer of both companies. “David has ... Read More »

Morgan Stanley: Used-Car Values Could Fall by 50%

NEW YORK — A new report from Morgan Stanley warns that used-car values could fall by 25% to 50% in the next four to five years. It was prepared by a team of researchers led by Adam Jonas, a CFA and equity analyst for the firm. “Anatomy of a Used Car Downturn (in Charts)” examines key factors affecting ... Read More »

‘Car and Driver’ Enters Lead-Gen Arena With Inventory Listing Product

SAN FRANCISCO — Automotive content brand Car and Driver today announced it will now allow dealers to list inventory on its website. The move, according to officials, marks the brand’s evolution from enthusiast-focused news and reviews to complete decision-making resources for in-market auto shoppers. “In turning ourselves into a true service for car shoppers and enthusiasts, ... Read More »

AFSA to Congress: The CFPB ‘Needs to Be Reined In’

WASHINGTON, D.C. — A day after House Republicans called for the dismissal of Consumer Financial Protection Bureau and its leader, the American Financial Services Association (AFSA) called on Congress to prohibit the CFPB’s use of the disparate impact theory, limit its enforcement authority, remove its supervision authority, prevent the finalization of its small-dollar and arbitration ... Read More »

FTC Approves Settlements With CarMax, Asbury, West-Herr

WASHINGTON, D.C. — The Federal Trade Commission last week approved settlements with CarMax, Asbury Automotive, and West-Herr Automotive Group, which the regulator charged with failing to disclose that some pre-owned vehicles offered for sale had unrepaired safety recalls despite the companies’ claims of rigorous vehicle inspections. The final orders prohibit CarMax, Asbury, and West-Herr from claiming ... Read More »