Want to make major money at a dealership? Be a successful F&I director. According to the 2023 survey of F&I managers and directors orchestrated by Finance Manager Training, 35% of professionals who participated earned total income of $250,000 or more. The depth of that income bracket was bigger than five of the seven other compensation […] [Read More]

We all make mistakes, but they can become quite costly at finance companies, boosting their interest in using artificial intelligence more often. Informed.IQ recently commissioned an industry-wide survey of auto finance executives to identify the key areas where they are leveraging artificial intelligence into their workflows and processes, as well as the challenges they face […] [Read More]

Sunbit recently announced that it has expanded its footprint within auto dealerships, now offering its technology to power pay-over-time solutions to F&I departments. The company building financial technology for everyday expenses explained that this expansion will allow F&I departments to offer vehicle buyers access to pay-over-time financing options for add-ons, extended warranties and other products […] [Read More]

As an added bonus for our CMG Premium subscribers, Cherokee Media Group is relaunching two previous staples of Auto Remarketing: — The “4 Questions With” series, where auto industry leaders will share their insights on overarching remarketing, used-car retail and auto finance trends through concise Q&As. — “Auto Remarketing Profile Series,” which will consist of long-form, […] [Read More]

You might have seen plenty of spoof posts on social media about various topics in connection with April Fool’s Day. But Black Book emphasized the wholesale value gains seen during the week that closed on April 1 certainly are not a joke. According to the latest installment of Market Insights, wholesale prices rose another 0.51%, […] [Read More]

To kick off the return of Auto Remarketing’s “4 Questions With” series of Q&As with industry executives, we connect with Jim Hallett, who last week retired as KAR Global’s executive chairman after more than two decades with the company. The following Q&A with Hallett is available to CMG Premium subscribers ... [Read More]

Marty Miller returned as a guest on the Auto Remarketing Podcast to go through some of the data contained in Experian’s latest quarterly Automotive Market Trends Report. The director of product data and implementation also reviewed what Experian is calling “the sweet spot” for dealership service drives based on current vehicles in operation and other […] [Read More]

The National Independent Automobile Dealers Association added more resources for members on Tuesday. Buckeye Dealership Consulting, a nationwide reinsurance services and F&I products provider for buy-here, pay-here and independent dealers, now is a Gold Level National Corporate Partner of NIADA. As a National Corporate Partner, Buckeye can assist NIADA’s more than 14,000 members customize a […] [Read More]

Bankruptcy filings in 2023 clearly are on the rise. According to data provided by Epiq Bankruptcy on Monday, new bankruptcy filings in March registered year-over-year increases across all U.S. major filing categories for the third month in a row. Epiq reported a total of 42,368 new bankruptcies were filed in March, which is 17% higher […] [Read More]

The Consumer Financial Protection Bureau (CFPB) is looking to clarify what constitutes abusive conduct in consumer financial markets. On Monday, the bureau issued a policy statement that the regulator said explains the legal prohibition of that abusive conduct and summarizes more than a decade of precedent. Officials explained through a news release that policy statements […] [Read More]