Category Archives: Automotive

7th Annual Extended Warranty & Service Contract Innovations

The 7th Annual Extended Warranty & Service Contract Innovations Conference will be held in Nashville, Tennessee on September 28-30, 2016.

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Former Nissan Dealer to Pay $101,986 for Deceptive Practices

The NY AG’s office has reached a settlement with the previous owner of Saratoga Springs Nissan LLC.  requiring the former car dealer to pay over $100,000 in restitution to 119 consumers who were charged illegal fees and/or subjected to a variety of deceptive sales and advertising practices, according to an Attorney General press release.

Source:  http://www.fi-magazine.com/news/story/2016/06/former-dealer-to-pay-over-100-000-for-deceptive-practices.aspx

EFG Companies Names Steve Roennau as Vice President of Complian

EFG Companies, the innovator behind the award-winning Hyundai Assurance program, announced today the appointment of Steve Roennau as Vice President of Compliance…

EFG Companies Names Steve Roennau as Vice President of Compliance

Beware of Car Dealership Sales Contracts

According to Consumer report you should carefully read the contract when buying car or truck – or you could end up paying more than you expect.

Full Article:  http://www.consumerreports.org/shopping/beware-of-car-dealership-sales-contracts/

EFG Companies – Parts Network Cuts Warranty Firm’s Costs, May Lead to New Car-Dealer Offerings

EFG’s parts-sourcing network could lead to new on-the-spot repair-warranty products for franchised dealers.

Source:  http://wardsauto.com/fixed-ops/parts-network-cuts-warranty-firm-s-costs-may-lead-new-car-dealer-offerings

F&I strategies for slow-growth days

F&I profit likely hasn’t reached its peak, insiders say, but most agree that its growth will slow. To maintain strong F&I revenue, dealerships should ensure that they offer the right product mix, thoroughly understand the products and the…

Full Article:  http://www.autonews.com/article/20160622/FINANCE_AND_INSURANCE/306229994/fi-strategies-for-slow-growth-days

GM seeks to dismiss claims for recalled vehicles’ lost value

General Motors on Friday asked a court to bar claims on behalf of millions of customers who say their vehicles lost value because of brand damage due to dozens of recalls.

Source:  http://www.autonews.com/article/20160617/OEM11/160619883/gm-seeks-to-dismiss-claims-for-recalled-vehicles-lost-value?cciid=email-autonews-daily