F&I Archives

Addressing the Affordability Challenge with F&I Products

Blog Post: Addressing the Affordability Challenge with F&I Products The automotive market is facing a growing affordability crisis. With rising vehicle prices, increasing maintenance costs, and persistent economic uncertainties, consumers are finding it harder to manage the financial demands of...

December 12, 2024

Navigating the Regulatory Maze: 16 Key Compliance Rules for Dealerships

Automotive Finance F&I

Navigating the Regulatory Maze: 16 Key Compliance Rules for Dealerships

For dealerships, staying on top of compliance regulations is a complex, yet essential, part of business. From federal to state and local regulations, dealerships must be vigilant to avoid costly penalties. It’s not just about protecting the business but also...

October 10, 2024

Navigating the Digital Shift: The Increasing Need for Advanced Credit Application Solutions in Auto Financing

Automated Decisioning Automotive Finance Car Dealerships

Navigating the Digital Shift: The Increasing Need for Advanced Credit Application Solutions in Auto Financing

The automotive finance industry is at a pivotal juncture, with digital transformation reshaping traditional business models and consumer interactions. A recent industry survey, commissioned by Wolters Kluwer and echoed by independent research conducted by DecisioningIT, has brought to light the...

January 22, 2024

AutoCanada Expands Ownership in Digital Auto Sales, Bolsters Online C2C Finance and Insurance Segment with Major Investment

EDMONTON, AB – AutoCanada Inc., a leading Canadian automobile dealership group, recently announced a significant stride in consolidating its digital automotive sales sector. In a landmark move, the company confirmed receiving a $25 million investment from iA Financial Group for...

January 5, 2024

Online Vehicle Transactions and F&I Product Offerings: An Insight into the Future of Automotive Retail

Digital Retailing F&I

Online Vehicle Transactions and F&I Product Offerings: An Insight into the Future of Automotive Retail

The rapidly evolving automotive retail landscape was recently highlighted in a comprehensive industry survey undertaken by Protective Asset Protection. Their aim was to grasp the current trends in online vehicle transactions and F&I product offerings from dealerships throughout the U.S....

October 13, 2023

How our AI Technology Helps Canadian Auto Dealers Reduce Bias

Artificial Intelligence

How our AI Technology Helps Canadian Auto Dealers Reduce Bias

Bias in auto financing arises when sales managers, business managers and even lenders makes sales or loan decisions based on perceptions rather than facts. Such decisions might stem from unconscious prejudices, such as a customer’s perceived reliability or their postal...

October 8, 2023

Revolutionizing Car Sales: CDK’s Insightful Survey and SAM’s Advanced Solution

Car Dealerships Digital Retailing

Revolutionizing Car Sales: CDK’s Insightful Survey and SAM’s Advanced Solution

In the dynamic landscape of car buying, speed and convenience are becoming increasingly vital. CDK Global’s recent survey provides revealing insights into the intricacies of modern-day car purchasing experiences, emphasizing the urgency of a more streamlined process. Enter SAM, the...

September 15, 2023

Revolutionizing Dealerships: The Pervasive Impact of AI on Sales, Service, and F&I Operations

Artificial Intelligence

Revolutionizing Dealerships: The Pervasive Impact of AI on Sales, Service, and F&I Operations

The 2023 CDK Global survey (found here) delves into the innovative implementation and vast potential of Artificial Intelligence (AI) across automotive dealerships in North America. The study indicates that AI’s substantial impact on the industry is undeniable, with 76% of...

August 2, 2023

High interest rates may lead to hard conversations with customers

Car Dealerships

High interest rates may lead to hard conversations with customers

In a recent interview with Automotive News, dealership finance director Justin Gasman offers some tips to help allay a customer’s concerns. This article emphasizes the importance of using periods of downtime in the dealership showroom floor and F&I office to...

February 27, 2023

Reynolds acquires American Guardian Warranty Services

F&I Latest News

Reynolds acquires American Guardian Warranty Services

Source: Auto Remarketing – In a transaction one top executive called a “industry changing,” last week Reynolds and Reynolds announced the acquisition of American Guardian Warranty Services (AGWS), a provider of vehicle service contracts, limited warranties and other F&I products...

February 1, 2023