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CHICAGO – F&I Administration Solutions LLC (F&I Admin), a leading provider of software solutions for the administration of automotive F&I products, has announced that Simoniz USA is now using F&I Admin’s SCS Auto platform for the administration of its F&I products. Simoniz USA’s president and CEO, Bill Gorra, said his company selected SCS Auto after ... Read More »
Read More →CRYSTAL LAKE, Ill. – Contrary to news reports, the U.S. House of Representatives’ vote to eliminate the Department of Justice’s use of disparate impact does not negate the Consumer Financial Protection Bureau’s (CFPB) use of the legal theory in auto finance cases even if the bill passes the Senate and is not vetoed by the ... Read More »
Read More →WAYNE, Pa. — For the second year in a row, CIO Review magazine has recognized MaximTrak Technologies as a leading automotive technology solutions provider, featuring this year company president Jim Maxim, Jr. on its cover. CIO Review profiles technology solutions that can redefine the business goals of their users. In naming MaximTrak, it noted that ... Read More »
Read More →SCHAUMBURG, Ill.–American Auto Guardian, Inc. (“AAGI”) is pleased to announce the promotion of Hari Subramania to Chief Financial Officer. Hari is a financial professional with more than 30 years’ experience in the financial services industry. Hari joined AAGI in January 2013, providing a solid financial management background, with expertise in budgeting & planning, management reporting, ... Read More »
Read More →NAPA, Calif. – AUL Corp, the Napa, CA based vehicle service contract administrator unveiled their new Absolute suite of products for automobile franchise dealers at their recent Annual Agency Meeting. The all-new Absolute program was developed in conjunction with AUL’s leading agents from the ground up to meet the changing demands in the marketplace. “We ... Read More »
Read More →The U.S. auto industry will remain on track for the best sales year in a decade despite industry growth being flat to up 0.7 percent in May, Fiat Chrysler Automobiles (FCA) said on Tuesday, reports Reuters. FCA’s forecast is slightly more optimistic than those of Wall Street analysts surveyed by Reuters, who expected a 1 percent ... Read More »
Read More →Shares of U.S. automakers may finally be able to accelerate, reports Reuters. Investors are closely awaiting next week’s May sales data, expected to come in near record levels. Meeting those forecasts could be enough to lift the sector – among the cheapest in the market – putting the sting of product recalls and tepid recent ... Read More »
Read More →Following a public comment period, the Federal Trade Commission has approved final consent orders involving two auto dealers that deceptively advertised the sale, financing and leasing of their vehicles. Under the settlement orders, Jim Burke Nissan of Birmingham, Ala., and Ross Nissan of El Monte, Calif., are prohibited from misrepresenting in any advertisement the cost ... Read More »
Read More →MINNEAPOLIS — Dealers signed up with U.S. Bank received a notice this week containing the bank’s policy in regards to fair and responsible lending. Also detailed was the bank’s dealer monitoring program, which, according to the notice, isn’t just focused on how dealers mark up interest rates on finance contracts. Obtained by F&I and Showroom, the ... Read More »
Read More →General Motors Co is recalling about 375,000 heavy duty pickup trucks equipped with passenger-side air bag inflators made by Takata Corp, the U.S. automaker said, reported Reuters. The trucks are 2007 and 2008 model Chevrolet Silverados and GM Sierras. Subaru will expand its recall of 2004 and 2005 model Impreza compact cars with Takata air bags ... Read More »
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