Texas Discretionary Allocation Suit Decided

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

Stellantis Finance Unit Ramps Up

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

Tougher Standards Mean Fewer IIHS Safety Awards

Fewer vehicles earned the honor in 2023 than last year as group toughens safety evaluation standards.
https://www.fi-magazine.com/370155/tougher-safety-standards-lead-to-fewer-iihs-safety-awards?utm_source=dlvr.it&utm_medium=blogger

Meet Julio Mendoza | Product Specialist with Elite FI Partners

Julio Mendoza is a product specialist at Elite FI Partners, a leading provider of F&I products and services to dealerships nationwide. Julio is a bilingual expert in the automotive finance industry, bringing industry-leading products, training, support, finance manager coaching, and profit-sharing programs to dealers. In this post, we'll explore Julio's background and expertise, and how he can help your dealership succeed. Julio has over 6 years of experience in the automotive industry and has spent the last few years specializing in F&I product sales and training. He is an expert in all aspects of F&I, including VSCs, GAP, and multiple other F&I products. With his bilingual abilities, Julio can communicate effectively with Spanish-speaking customers, expanding your dealership's reach and making your customer's experience more comfortable. Julio is passionate about providing excellent customer service and helping dealerships increase their profitability. He works closely with dealership finance managers, providing coaching and support to help them achieve their sales goals. His focus is on building relationships with his clients, understanding their unique needs, and tailoring his approach to help them succeed. One of the primary reasons why Julio is an asset to any dealership is his expertise in industry-leading products. Elite FI Partners offers a wide range of F&I products designed to meet the needs of today's customers. With Julio's guidance, your dealership can offer the latest and most innovative products to your customers, helping you stand out from your competitors. Another significant advantage of working with Julio and Elite FI Partners is their transparent profit-sharing program. The program ensures that the dealer and the finance manager both benefit from each sale, creating a win-win situation for everyone involved. This approach encourages dealership finance managers to sell more F&I products, leading to increased profitability for both the dealer and the finance manager. Finally, Julio and Elite FI Partners provide comprehensive training and support to dealerships. Their training programs cover all aspects of F&I sales, including product knowledge, customer service, and objection handling. They provide both in-person and online training, making it easy for finance managers to access the training they need to succeed. In conclusion, Julio Mendoza is an expert in F&I product sales and training, and he is an asset to any dealership. With his bilingual abilities, industry-leading products, transparent profit-sharing program, and comprehensive training and support, Julio can help your dealership succeed. Contact Julio and Elite FI Partners today to learn more about how they can help your dealership increase its profitability and achieve its sales goals.
https://www.elitefipartners.com/post/meet-julio-mendoza-product-specialist-with-elite-fi-partners?utm_source=dlvr.it&utm_medium=blogger

Report Shows Brand-Loyal Women Have Clear Favorites

Buick, Toyota rank high, trucks low, in key buyer segment.
https://www.fi-magazine.com/370156/report-shows-brand-loyal-women-have-clear-favorites?utm_source=dlvr.it&utm_medium=blogger

Looking for a new F&I product and training provider?

If you're a dealer looking for a new F&I product provider, it can be challenging to know where to start. The F&I industry is highly competitive, with many providers offering similar products and services. However, not all providers are created equal, and choosing the right partner can have a significant impact on your dealership's success. In this blog post, we'll discuss the key factors to consider when selecting an F&I product provider, and why Elite FI Partners is an excellent choice. Firstly, the quality of training and support offered by an F&I product provider is crucial. A provider that offers comprehensive training and ongoing support can help dealerships improve their sales processes and increase profitability. Elite FI Partners is a leader in F&I training and support, with a team of experienced trainers who can help dealerships achieve their sales goals. They offer both in-person and online training programs to ensure that dealerships have the knowledge and skills needed to succeed. Secondly, the products offered by an F&I product provider are essential. Elite FI Partners offers industry-leading products that are designed to meet the needs of dealerships and their customers. From vehicle service contracts to theft protection and appearance protection, Elite FI Partners has a wide range of products that can help dealerships increase their revenue and improve customer satisfaction. Thirdly, the profit-sharing program offered by an F&I product provider is another important factor to consider. Elite FI Partners offers a transparent profit-sharing program that ensures dealerships clearly see and understand the profits generated by their F&I products. They provide detailed reporting on product sales and profit sharing, so dealerships have complete visibility into their F&I performance. In addition to these key factors, Elite FI Partners is known for its exceptional customer service. Their team is dedicated to providing dealerships with personalized support and attention to help them achieve their goals. They take the time to understand each dealership's unique needs and tailor their services to meet those needs. Another advantage of working with Elite FI Partners is their commitment to compliance. They stay up-to-date on all state and federal regulations and ensure that their products and services comply with these regulations. This commitment to compliance helps dealerships avoid costly fines and legal issues. In conclusion, choosing the right F&I product provider is essential for dealerships looking to increase their revenue and improve customer satisfaction. Elite FI Partners is an excellent choice for dealerships looking for a new F&I product provider. Their industry-leading products, comprehensive training and support, transparent profit-sharing program, exceptional customer service, and commitment to compliance make them a trusted partner for dealerships across the country. Contact Elite FI Partners today to learn more about how they can help your dealership succeed.
https://www.elitefipartners.com/post/looking-for-a-new-f-i-product-and-training-provider?utm_source=dlvr.it&utm_medium=blogger

Is it time for a check up on your Reinsurance or DOWC?

When it comes to choosing a reinsurance or Dealer-Owned Warranty Company (DOWC), there are several critical areas that dealerships should consider to ensure they select the right provider. In this blog post, we will discuss the key factors to review when choosing a reinsurance or DOWC provider. Firstly, the reputation of the provider is of utmost importance. It's crucial to research providers online, read customer reviews, and seek referrals from other dealerships. A provider with a positive reputation is more likely to provide quality service and deliver on their promises. Secondly, the financial stability of potential reinsurance or DOWC providers should be reviewed. Providers with a strong financial standing are more likely to pay out claims and provide adequate support to dealerships. It's also essential to review the provider's track record for claim payments to ensure they have a good history of fulfilling their obligations. Thirdly, dealerships should evaluate the product offerings of potential reinsurance or DOWC providers. A provider with a broad range of products can help dealerships offer a variety of options to customers and increase sales. Dealerships should also ensure that the provider's products are in line with their customers' needs and comply with state and federal regulations. Fourthly, the claims process of potential reinsurance or DOWC providers should be reviewed. Dealerships should ensure that the provider's claims process is efficient and customer-friendly. A streamlined claims process can improve customer satisfaction and help dealerships retain customers. Lastly, the training and support provided by potential reinsurance or DOWC providers should be evaluated. A provider that offers comprehensive training and ongoing support can help dealerships improve their sales processes and increase profitability. Dealerships should also ensure that the provider offers adequate support in the event of a claim. When working with Elite FI Partners, dealerships can expect a thorough review of their current reinsurance or DOWC program, based on the key metrics outlined above. This evaluation provides dealerships with a detailed report of their program's strengths and weaknesses, with actionable steps to improve it. If a dealership does not currently have a reinsurance or DOWC program, Elite FI Partners can help set one up. They will work with the dealership to evaluate their customer base, product offerings, and compliance requirements to develop a customized program that meets their specific needs. In addition to reviewing and setting up reinsurance and DOWC programs, Elite FI Partners also offers comprehensive training and support to dealerships. Their experienced F&I trainers can help dealerships improve their sales processes and increase profitability, with ongoing support to ensure successful implementation of the new program. Elite FI Partners is a transparent and cost-effective choice for dealerships looking to review and set up reinsurance or DOWC programs. Their detailed breakdown of program costs ensures that dealerships can make informed decisions and get the best value for their investment. In conclusion, choosing the right reinsurance or DOWC provider is crucial for dealerships. By evaluating the reputation, financial stability, product offerings, claims process, and training and support of potential providers, dealerships can make informed decisions to set themselves up for long-term success. Working with Elite FI Partners is an excellent choice for dealerships looking to review and set up reinsurance or DOWC programs, as they offer a transparent and comprehensive service with a proven track record of success.
https://www.elitefipartners.com/post/is-it-time-for-a-check-up-on-your-reinsurance-or-dowc?utm_source=dlvr.it&utm_medium=blogger