Tag Archive | "F&I"

Mechanical Breakdown Protection, Inc. Partners with Provider Exchange Network


LEE’S SUMMIT, Mo. – Mechanical Breakdown Protection, Inc. (MBPI), a top rated administrator, is pleased to announce a partnership with Provider Exchange Network (PEN). This innovative technology cuts costs, increases efficiency, and adds a new element of customer satisfaction. This partnership will help the F&I office increase sales penetration and improve dealer and customer satisfaction by decreasing customer delivery time.

PEN is an electronic data exchange that streamlines the sales process by integrating the F&I product provider with the dealer’s point-of-sale system, whether through a menu or directly with the dealership management system (DMS) desking software. This unique integration approach eliminates the need for separate applications to enable eContracting for aftermarket products. Functions include electronic ratings, forms preparation and contract origination.

“MBPI’s new partnership with PEN will allow dealerships a new and effective way to offer our wide range of F&I products to the consumer. It will also eliminate the need for double entry, which makes life easier for F&I Managers.” – Barry Kindler, MBPI National Sales Manager

To learn more about MBPI, visit the website at mbpnetwork.com.

To learn more about PEN, visit the website at www.providerexchangenetwork.com.

Posted in Auto Industry NewsComments Off on Mechanical Breakdown Protection, Inc. Partners with Provider Exchange Network

RoadVantage Unveils Free F&I Video to Dealerships Nationwide to Help Educate Consumers


AUSTIN – RoadVantage, the fastest-growing provider of F&I programs for the automotive industry, today unveiled a new video illustrating the value of ancillary programs, available to dealerships nationwide, to drive customer interest in F&I protection when purchasing a vehicle.

RoadVantage created the 2-minute video (available on the RoadVantage YouTube channel at http://bit.ly/2fWigrR) in response to recent industry studies indicating that a greater awareness and understanding of F&I products correlates with a higher receptiveness to hearing about them in the F&I manager’s office, and a stronger likelihood of buying them.

“It’s become clear that in the world of F&I, low consumer awareness is a major obstacle to sales, making education hugely important and in everyone’s best interest,” said Garret Lacour, CEO of RoadVantage. “Customers have indicated a strong desire to learn about F&I programs in advance. Addressing the need for consumer education helps all of us – the providers, the dealers, and the consumers.”

The RoadVantage video is available for use by all dealerships and explains the value of F&I programs. Dealers can link to the video, or download it for use on dealers’ websites, to run on showroom TVs, or to use as part of a presentation in the F&I manager’s office. The RoadVantage-branded video features coverage offered by RoadVantage, but can be used by any dealership selling F&I products.

“As an automotive dealer who’s been in this industry for 35 years, I think this video serves an important need – not only for dealers, but for F&I in general,” said Randy Ross, Senior Vice President of Sales for RoadVantage and owner of Ross Chrysler Jeep Dodge in Boone, NC. “I’m using this video in my dealership now. It removes one of the biggest obstacles to selling F&I programs by driving awareness and interest in F&I programs.”

RoadVantage created the video in response to recent industry studies, including the 2015 Maintenance and Repair Study conducted by Cox Automotive, looking at consumer attitudes, awareness and behavior regarding F&I programs. The RoadVantage video can be used both on dealerships’ websites and in the dealership to raise consumer awareness of F&I programs and to drive customers to request F&I protection when they go into the dealership to purchase their vehicle.

Posted in Auto Industry NewsComments Off on RoadVantage Unveils Free F&I Video to Dealerships Nationwide to Help Educate Consumers

Mechanical Breakdown Protection, Inc. Partners with F&I Express


LEE’S SUMMIT, Mo.  Mechanical Breakdown Protection, Inc. (MBPI), a top rated administrator, is pleased to announce a partnership with F&I Express. This innovative technology cuts costs, increases efficiency, and adds a new element of customer satisfaction. This partnership will help the F&I office increase sales penetration and improve dealer and customer satisfaction by decreasing customer delivery time.

“MBPI’s new partnership with F&I Express will allow dealerships a new and effective way to offer our wide range of F&I products to the consumer. It will also eliminate the need for double entry, which makes life easier for F&I Managers.” – Barry Kindler, MBPI National Sales Manager

To learn more about MBPI, visit the website at mbpnetwork.com.

To learn more about F&I Express, visit the website at fandiexpress.com.

Posted in Auto Industry NewsComments Off on Mechanical Breakdown Protection, Inc. Partners with F&I Express

EFG Companies and Northwood University Announce F&I Innovator of the Year Competition Judges


DALLAS, Texas – EFG Companies, the innovator behind the award-winning Hyundai Assurance program, together with Northwood University, today announced the judging panel in the 2016 F&I Innovator of the Year competition. Representing all automotive brands spanning across the country, the 8-member blue-ribbon judging panel brings extensive experience and expertise in understanding consumer drivers in the F&I space to the competition. For more information on the competition, visit http://bit.ly/Inn0v8te

The judges will select a winning F&I product idea from one of six teams currently competing in the F&I Innovator of the Year competition, which will conclude Friday, November 11. The winning team and product will be announced on Thursday, December 8 at Northwood University.

2016 Competition Judges

Judge Title Auto Group/Company
Alvin Heggs Dealer Principal Superstition Springs Chrysler Jeep Dodge Ram
Kurt Hornung Vice President of F&I Operations AutoNation, Inc.
John Kane Co-Founder Empire Dealer Services
Tiger Lester Regional Finance and Insurance Director Group 1 Automotive
Anthony Patterson Vice President of Operations Patterson Auto Group
Claudia Sands Director of Financial Services Penske Automotive Group
Fernando Somoza Executive Manager Central Houston Cadillac, Central Houston Nissan, & Baytown Nissan
John Stephens Senior Vice President Dealer Services, EFG Companies

“The judges selected for this panel have developed reputations as change agents within the automotive industry on both regional and national levels,” said John Pappanastos, President and CEO, EFG Companies. “Their ability to raise the bar in innovation, backed by their years of experience, gives them the unique ability to determine what F&I product has the most potential to benefit consumers, dealerships, and the industry as a whole.”

About the competition

The F&I Innovator of the Year competition is designed to foster breakthrough ideas in the F&I space. It includes six competing teams from Northwood University that have been tasked with developing a business case for a new F&I product. The students must research, rationalize and demonstrate market viability of their new product, and its potential to facilitate F&I product sales in franchise dealerships.

At the conclusion of the competition, EFG Companies will award the winning team $25,000. The company will also develop the winning F&I product for the retail automotive marketplace, and return a percentage of the product’s revenues to Northwood University.

Visit http://bit.ly/Inn0v8te to learn more about the F&I Innovator of the Year Contest, watch this year’s Innovator video submissions, and follow @EFG_NWInnovator on Twitter for the latest competition news.

Posted in Auto Industry NewsComments Off on EFG Companies and Northwood University Announce F&I Innovator of the Year Competition Judges

AE Launches New Blog by Rick McCormick


TARPON SPRINGS, Fla. — Agent Entrepreneur announced the launch of “F&I Success,” a new blog authored by Rick McCormick, national account development manager for Reahard & Associates. The twice-monthly blog will focus on F&I training and best practices for independent general agents.

“Agents are asking for more advice on building and maintaining productive F&I development programs, and we are all too happy to oblige,” said Kate Spatafora, publisher of AE and P&A magazines. “Rick brings countless hours of F&I training and consulting and a genuine passion for helping customers to his writing, and we are proud to have him on board.”

A nationally recognized F&I trainer and ordained minister, McCormick has made numerous appearances at Agent Summit and Industry Summit and contributed articles to Agent Entrepreneur, F&I and Showroom and Auto Dealer Today, among other industry publications.

“There has never been a time when the relationship between the agent and the dealer has been more critical,” McCormick said. “Agents are uniquely positioned to provide training options for their dealers that will lead to higher profits and customer satisfaction levels simultaneously. I count this as a privilege to speak directly to the agent community to help them help their dealers!”

The first entry in the “F&I Success” blog will appear Tuesday, Nov. 8, at ae-emagazine.com. To catch all the latest news and features for independent general agents, including “F&I Success,” click here to get your free qualified subscription to Agent Entrepreneur magazine and monthly enewsletter.

Posted in Auto Industry NewsComments Off on AE Launches New Blog by Rick McCormick

SouthwestRe Introduces Motorcycle Appearance Protection


ALBUQUERQUE, NM – SouthwestRe announced today that it has added Motorcycle Appearance Protection by PowerRev to its suite of F&I products. Motorcycle Appearance Protection is designed to keep motorcycles looking great long after they have left the showroom by guarding against conditions that can severely damage a motorcycle’s paint, chromed metal, and upholstery.

“There are four different coverage levels that dealers can offer their customers,” said Jamie Jerabek, Vice President of Underwriting and Product Development for SouthwestRe. “Bronze and Silver protect against the most common causes of appearance failure, such as fading caused by the sun and other environmental factors, as well as stains to leather, vinyl, and fabric upholstery caused by food or drink.”

“As their names suggest, Gold and Platinum offer our highest levels of appearance protection,” Jerabek said. “This includes damage caused by insects, road salt, lipstick, ink, and more. Unlike Bronze and Silver, Gold and Platinum also provide coverage for rips and tears, burns, cracks, and punctures. All told, Gold protects against 33 causes of failure, while Platinum protects against 38 different causes.”

“It is very important to protect a motorcycle’s appearance before problems begin,” Jerabek said. “This product does exactly that. With the application of an approved appearance product, Motorcycle Appearance Protection by PowerRev will help keep a customer’s cruiser or sports bike looking great for years to come.”

If you are an agent and would like to offer this program to your dealer clients, please email email hidden; JavaScript is required or call 866-414-3867. Motorcycle Appearance Protection is available to franchise and independent dealers throughout the United States, except in Alaska, Florida, Hawaii, and New York.

Posted in Auto Industry NewsComments Off on SouthwestRe Introduces Motorcycle Appearance Protection

Page 10 of 30« First...89101112...2030...Last »