Tag Archives: F&I

StoneEagle Welcomes New Chief Executive Officer

Dallas, Texas – January 5, 2018:

StoneEagle is pleased to announce the appointment of Cindy Allen as the company’s new CEO. Cindy will be responsible for driving the company, and its innovative F&I solutions, to the next level, building on the momentum achieved by the StoneEagle team under Bobby Allen’s leadership.

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F&I e-Rating & e-Contracting Provider, Over The Edge, Inc., Partners With Compliance Expert

OTE recently announced its partnership with Keith Whann, a national compliance expert and attorney.  Whann will help dealers, agents and TPAs navigate the regulatory environment while they sell and manage their own programs using OTE’S TechAssured system.

Source:  http://www.fi-magazine.com/news/story/2016/09/new-f-i-e-rating-e-contracting-provider-partners-with-compliance-expert.aspx

Over The Edge (OTE) offers a full suite of services including software development, design, branding, cloud services and administration consulting related to the automotive industry.

CFPB accuses some lenders of deceptive GAP, payment deferral ads

The CFPB’s Summer Supervisory Highlights report says one or more lenders are deceptive in their advertisements for GAP coverage and disclosures of payment deferral terms.

Full Article:  http://www.autonews.com/apps/pbcs.dll/article?AID=/20160706/FINANCE_AND_INSURANCE/160709943/cfpb-accuses-some-lenders-of-deceptive-gap-payment-deferral-ads

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

Lithia Motors 3rd Quarter Saw F&I Growth

October 30, 2014 – Lithia Motors, Inc. reported the highest third quarter adjusted net income in Company history.  F&I per vehicle was $1,202 compared to $1,105 last year. Lithia reported on its earnings call that of the vehicles they sold in the quarter they sold a service contract on 43% and sold lifetime oil product on 36%.

Full Release:  http://www.b2i.us/profiles/investor/NewsPDF.asp?b=2051&ID=73367&m=rl&g=128

Earnings Call Transcript from Seeking Alpha:  http://seekingalpha.com/article/2619625-lithia-motors-lad-ceo-bryan-deboer-on-q3-2014-results-earnings-call-transcript