Industry Leading F&I Products, Training, Support & News

The U.S. Energy Department finalized a $2.5 billion loan to a joint venture of General Motors Co. and LG Energy Solution for three lithium-ion battery cell manufacturing facilities. https://www.fi-magazine.com/369578/u-s-energy-department-finalizes-loan-for-gm-battery-venture?utm_source=dlvr.it&utm_medium=blogger

RepairSmith acquisition boosts its offerings and opens up new customer opportunities. https://www.fi-magazine.com/369585/autonation-picks-up-mobile-repair-service?utm_source=dlvr.it&utm_medium=blogger

Partners with Legacy Auto Credit in Ontario for app-based subscription-to-ownership program. https://www.fi-magazine.com/369595/driveitaway-holdings-partnership-launches-subscriptions-in-canada?utm_source=dlvr.it&utm_medium=blogger

The technology of today has far surpassed “penny-perfect,” and those competitors who understand this are cleaning up. https://www.fi-magazine.com/369699/why-penny-perfect-payments-simply-dont-cut-it?utm_source=dlvr.it&utm_medium=blogger

If a dealership is still buying Sharpies to complete paper Four Squares, you will probably find a higher percentage of packed payments or potentially discriminatory pricing. https://www.fi-magazine.com/369701/desking-in-a-rising-rate-environment?utm_source=dlvr.it&utm_medium=blogger

The new facility will employ 1,500 people and produce enough cathode and anodes components to supply 1 million EVs annually. https://www.fi-magazine.com/369597/redwood-materials-to-build-s-c-battery-manufacturing-and-recycling-facility?utm_source=dlvr.it&utm_medium=blogger

More and more dealers signing onto captive service. https://www.fi-magazine.com/369633/stellantis-finance-unit-ramps-up?utm_source=dlvr.it&utm_medium=blogger

Join Brown and Brown Dealer Services' John Tabar, with this F&I Tip of the Week! https://www.fi-magazine.com/368630/fi-tip-of-the-week-sharing-new-information-to-show-value?utm_source=dlvr.it&utm_medium=blogger

If we provide the path through the process that our customers enjoy, expect, and hope for, they will trust us and listen to the insight we offer. https://www.fi-magazine.com/369687/the-path-of-people-the-power-of-empathy?utm_source=dlvr.it&utm_medium=blogger

Now at some point, we have all had a bottle of water. And for the most part, water is just water. When we need to or want to purchase a bottle, we have a general idea of what it should cost. If I was to purchase a case of water at Costco, what would that cost? On the other end of that spectrum, if I were to purchase a bottle of water at Disney World, what would that same bottle of water cost? The bottle of water has two very different price points and two very different value positions. https://www.elitefipartners.com/post/a-bottle-of-water?utm_source=dlvr.it&utm_medium=blogger https://www.elitefipartners.com/post/a-bottle-of-water?utm_source=dlvr.it&utm_medium=blogger

But multiple obstacles stand in the way of widespread adoption. https://www.fi-magazine.com/369634/new-index-shows-evs-have-gained-ground?utm_source=dlvr.it&utm_medium=blogger

Controversial rules on battery component sourcing anticipated by carmakers. https://www.fi-magazine.com/369642/ev-tax-credit-guidance-delayed?utm_source=dlvr.it&utm_medium=blogger

It will buy at least 66K EVs by 2028. https://www.fi-magazine.com/369644/usps-to-electrify-much-of-delivery-fleet?utm_source=dlvr.it&utm_medium=blogger

Reynolds and Reynolds/Proton Dealership IT offer tools for compliance, security ahead of FTC Safeguards Rule deadline. https://www.fi-magazine.com/369662/compliance-offering-for-dealerships-released?utm_source=dlvr.it&utm_medium=blogger

State-of-the art facility to enhance Proton Dealership IT’s cyber threat monitoring and response services. https://www.fi-magazine.com/369668/security-ops-center-planned-at-reynolds-hq?utm_source=dlvr.it&utm_medium=blogger

Joins growing list of carmakers embracing electrification. https://www.fi-magazine.com/369664/audi-to-abandon-ice-vehicles?utm_source=dlvr.it&utm_medium=blogger

Used-car retailer grapples with waning demand in face of economic challenges. https://www.fi-magazine.com/369666/carmaxs-bad-q3-results-drag-down-industry?utm_source=dlvr.it&utm_medium=blogger

Report shows used models in particular to fall as new-car inventory improves. https://www.fi-magazine.com/369676/car-prices-to-ease-in-2023?utm_source=dlvr.it&utm_medium=blogger

It is not clear how current economic conditions will affect vehicle sales, auto lending and remarketing over the next 12 months. https://www.fi-magazine.com/369670/impacts-of-a-down-economy?utm_source=dlvr.it&utm_medium=blogger

Join Brown & Brown Dealer Services' John Tabar, here with this F&I Tip of the Week. https://www.fi-magazine.com/368673/fi-tip-of-the-week-primary-responsibility?utm_source=dlvr.it&utm_medium=blogger

Forecast shows rising sales, inventory, and good 2023 outlook. https://www.fi-magazine.com/369653/dealers-getting-december-gift-of-good-business?utm_source=dlvr.it&utm_medium=blogger

Data analysis puts South Korean brand’s volume above GM, other big players. https://www.fi-magazine.com/369655/bloomberg-names-hyundai-worlds-3rd-biggest-carmaker?utm_source=dlvr.it&utm_medium=blogger

With the holidays approaching, auction lanes are following the trend of past weeks of being slow. https://www.fi-magazine.com/369646/black-book-weekly-market-report-3?utm_source=dlvr.it&utm_medium=blogger

According to Third Quarter 2022 Blue Sky Report® by Kerrigan Advisors, dealership buy/sells increase 25% YoY as auto retailers overcome economic headwinds to achieve a 205% increase in earnings compared to pre-pandemic averages. https://www.fi-magazine.com/369648/auto-dealership-buy-sell-stays-hot-with-yet-another-record-in-2022?utm_source=dlvr.it&utm_medium=blogger

The automaker’s top of the line Touring model Accord will come with “Google built-in” in 2023. https://www.fi-magazine.com/369635/honda-accord-touring-model-to-include-android-automotive?utm_source=dlvr.it&utm_medium=blogger

Toyota Motor Corp. President Akio Toyoda says there is a silent majority who question whether automakers should pursue electric vehicles exclusively. https://www.fi-magazine.com/369636/automaker-favors-varied-auto-lineup-to-all-evs?utm_source=dlvr.it&utm_medium=blogger

Hudson Automotive buys nine from Asbury. https://www.fi-magazine.com/369598/n-c-stores-bought-from-one-of-top-u-s-groups?utm_source=dlvr.it&utm_medium=blogger

The interest rate factor actually buoys them, Cox says. https://www.fi-magazine.com/369612/cpo-sales-up-year-over-year?utm_source=dlvr.it&utm_medium=blogger

Economic pressures expected to make 2023 even more challenging. https://www.fi-magazine.com/369614/vw-cfo-foresees-tighter-new-year?utm_source=dlvr.it&utm_medium=blogger

NASCAR Driver Toni Breidinger teams up with Kelley Blue Book to test top award winner. https://www.fi-magazine.com/369616/kbb-announces-winners-of-2023-best-buy-awards?utm_source=dlvr.it&utm_medium=blogger

Implore transportation secretary to work with carmakers to deploy connected-car technology. https://www.fi-magazine.com/369624/lawmakers-seek-help-to-prevent-crashes?utm_source=dlvr.it&utm_medium=blogger

Court rules that Hyundai’s discretionary allocations weren’t unreasonable. https://www.fi-magazine.com/369625/texas-discretionary-allocation-suit-decided?utm_source=dlvr.it&utm_medium=blogger

From inventory and pricing trends to future predictions, this report provides everything auto dealers need to know to prepare for a successful year in 2023. https://www.fi-magazine.com/369618/zerosum-dealers-market-first-report-2022-automotive-inventory-trends-that-matter?utm_source=dlvr.it&utm_medium=blogger

New Experian report finds average loan terms extend for new and used vehicle loans as interest rates rise. https://www.fi-magazine.com/369620/state-of-the-automotive-finance-market-q3-2022?utm_source=dlvr.it&utm_medium=blogger

The most recent Consumer Price Index from the U.S. Bureau of Labor Statistics shows a slight but promising decline in used car prices. https://www.fi-magazine.com/369601/used-vehicle-prices-drop-as-other-costs-remain-high?utm_source=dlvr.it&utm_medium=blogger

Details of CX-90 to be fully revealed in January. https://www.fi-magazine.com/369603/new-mazda-suv-part-of-industry-electrification-trend?utm_source=dlvr.it&utm_medium=blogger

Magazine cites in part the model’s appeal to existing truck owners. https://www.fi-magazine.com/369588/f-150-lightning-motortrends-truck-of-year?utm_source=dlvr.it&utm_medium=blogger

Sales rates continue to be less than ideal, with many buyers exercising caution for fear of loading up on inventory that does not turn quickly, especially when values are experiencing heavy declines week after week. https://www.fi-magazine.com/369592/black-book-weekly-market-report-8?utm_source=dlvr.it&utm_medium=blogger

Most reporting carmakers have supply days in the double digits. https://www.fi-magazine.com/369575/inventory-rises-again-in-november?utm_source=dlvr.it&utm_medium=blogger

Employee Spotlight Rob Varney https://www.elitefipartners.com/post/employee-spotlight-rob-varney?utm_source=dlvr.it&utm_medium=blogger https://www.elitefipartners.com/post/employee-spotlight-rob-varney?utm_source=dlvr.it&utm_medium=blogger

The automaker plans to adjust its electric vehicle strategy and provide it to key suppliers early next year, report people close to the project. https://www.fi-magazine.com/369577/toyota-to-adjust-ev-strategy?utm_source=dlvr.it&utm_medium=blogger

EEOC alleged they fired female dispatcher over equal-pay complaint. https://www.fi-magazine.com/369548/baltimore-area-dealerships-settle-discrimination-suit?utm_source=dlvr.it&utm_medium=blogger

Top five are familiar, especially with Honda’s return. https://www.fi-magazine.com/369550/survey-of-dealers-ranks-brands-on-sentiment?utm_source=dlvr.it&utm_medium=blogger

U.S. auto dealers cite a poor economy, higher interest rates and low inventory as the reason why, finds the Cox Automotive Dealer Sentiment Index. https://www.fi-magazine.com/369560/more-auto-dealers-see-market-as-weak?utm_source=dlvr.it&utm_medium=blogger

Toyota maintains operations in Europe will be carbon neutral by 2040, at Toyota Motor Europe’s annual Kenshiki presentation in Brussels. https://www.fi-magazine.com/369561/toyota-sets-sights-on-carbon-neutrality-in-europe-by-2040?utm_source=dlvr.it&utm_medium=blogger

Preliminary ruling would give countries more leeway in meeting duty-free threshold. https://www.fi-magazine.com/369563/trade-dispute-decision-could-move-more-auto-manufacturing-to-canada-mexico?utm_source=dlvr.it&utm_medium=blogger

CDK score reflects progress as inventories rise, but still room for improvement. https://www.fi-magazine.com/369567/ease-of-purchase-survey-shows-november-upticks?utm_source=dlvr.it&utm_medium=blogger

Dealers need to protect themselves by understanding their statements, what they are paying out, and the services they are receiving. https://www.fi-magazine.com/369553/reinsurance-check-up-what-are-you-really-paying-for?utm_source=dlvr.it&utm_medium=blogger

Industry veteran identifies trends that will spur F&I growth now and in the future. https://www.fi-magazine.com/369555/8-fi-trends-to-keep-an-eye-on?utm_source=dlvr.it&utm_medium=blogger

Creditors join together to negotiate with used-car retailer. https://www.fi-magazine.com/369537/carvanas-stock-plummets-amid-bankruptcy-fears?utm_source=dlvr.it&utm_medium=blogger

Involves reports of loss of power and braking. https://www.fi-magazine.com/369539/nhtsa-probes-honda-jeep-and-ram-models?utm_source=dlvr.it&utm_medium=blogger

Safety, comfort, and radio/audio rank highest as vehicle third space design priorities. https://www.fi-magazine.com/369528/75-of-gen-z-view-their-vehicle-as-a-third-space?utm_source=dlvr.it&utm_medium=blogger