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ORLANDO, Fla. – In 2003, US Equity Advantage (USEA) started helping car buyers purchase finance products they could not afford with a standard monthly payment plan; growing to become one of the nation’s leading providers of biweekly loan processing for the automotive industry. Today, the company unveiled a major rebranding initiative that reflects the evolution ... Read More »
Read More →ST. LOUIS – Wise F&I LLC, a leading finance and insurance product provider, has integrated with Dealertrack to provide dealerships real-time access to Wise F&I products for price quotes and the electronic contracting of aftermarket products through the Dealertrack Aftermarket NetworkTM. Through the Dealertrack Aftermarket Network, the F&I sales and submission processes are all handled ... Read More »
Read More →FORD LAUDERDALE, Fla. – AutoNation’s F&I operations, or what the group refers to as Customer Financial Services, lived above $1,500 in F&I gross profit per vehicle retailed (PVR) in 2015, with the business unit’s full-year revenues rising by $100.5 million from 2014. The group’s F&I operation’s full-year PVR average was $1,538, up $124 from 2014. ... Read More »
Read More →IRVINE, Calif. — Kelley Blue Book released its list of the 16 Best Family Cars of 2016. The list contains three minivans, six sedans, three two-row crossover/ SUVs and four three-row SUVs. “For two weeks’ time we drove, lived with, folded down seats of, paired phones to and installed baby seats in each and every one ... Read More »
Read More →NEW YORK — Ally Financial’s 2015 originations total remained flat from a year ago, with the former captive originating $41 billion in auto loan in 2015, the firm announced this week. But that’s losing General Motors’ subvented lease business last year. Ally had originally projected originations in the high $30 billion range for the year, ... Read More »
Read More →TORRANCE, Calif. — Toyota’s Scion experiment had ended, with the automaker announcing on Wednesday that the youth-geared brand will be transitioned back into the Toyota brand. The announcement comes almost 13 years after the automaker established Scion as a separate brand to explore new products and processes that attract youth customers. The automaker said model-year ... Read More »
Read More →Honda Motor Co’s order that its U.S. dealers stop selling some 2.2 million of the automakers’ most popular models is compounding financial and regulatory headaches for car dealers stuck with millions of vehicles that have potentially hazardous air bags or other safety defects, reports Reuters. With the recalls affecting Honda vehicles dating back several years, used-car ... Read More »
Read More →DALLAS – EFG Companies revealed key market insights to drive dealership profitability through a third-party research survey of 1,000 consumers who purchased a pre-owned motorcycle within the last 24 months on their perceptions surrounding Certified Pre-Owned programs. Key Findings: 95% said the availability of a CPO program would impact the dealer from which they purchased ... 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 introduced a new, modern, refreshed version of GWCWarranty.com. Highlighted by a renewed design that is easy to navigate with helpful interactive content and intuitive contact tools, the new GWCWarranty.com was designed ... Read More »
Read More →DALLAS, Tex. – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, today announced the launch of a Certified Pre-Owned Program designed specifically to grow powersports dealer business and drive loyalty through National Powersport Auctions (NPA), the number one provider of auction and remarketing services in the powersports industry. For more information on the ... Read More »
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