Not all customers who qualify will get their stimulus checks
Car dealers need to be aware of the Federal “offset” program as it applies to the economic stimulus checks. Don’t hold your breath if that customer you talked to the other day owes back taxes or child...
View ArticleNICB VINCheck Total Loss and Theft Data is only a start
Back in July of this year, the National Insurance Crime Bureau created a free web-based service to offer theft and total loss data to consumers. While the database is a good start, many insurance...
View ArticleRouteOne Victorious in Latest Rulings in Patent Infringement Lawsuit
Two of three DealerTrack patents thrown out by Court FARMINGTON HILLS, Mich. – October 1, 2008 – RouteOne LLC, which operates a web-based credit application management system for use by automotive...
View ArticleMinding Your Ps and Qs with Your F&I
How would you rate your Finance and Insurance (F&I) department? Is it just the office where necessary paperwork is signed in order for a sale to be completed? Or, is it where a competent...
View ArticleAFIP’s 7 Deadly Sins of F&I
The Association of Finance and Insurance Professionals (AFIP) has identified seven legal violations that represent the majority of problem situations based on actual lawsuits against car dealers. AFIP...
View ArticleHow Two Paradigm Shifts Are Affecting F&I and Profitability
Currently, F&I professionals are being asked to adapt to two gigantic paradigm shifts. The first is regulatory pressure from the Consumer Financial Protection Bureau (CFPB) and the second is a...
View ArticleCompliance and Dealership Profitability
The Consumer Financial Protection Bureau has, in recent years, been working to regulate dealerships through lenders, which means that compliance has become a larger topic in the auto finance industry....
View Article65% of Consumers Believe U.S. Car Dealerships are Unethical
Car dealerships here in the U.S. face a real problem with customer perception of their ethics as the latest survey from Total Dealer Compliance suggests. 2016 Total Dealer Compliance Survey You can say...
View ArticleA Car Dealership Compliance Manifesto for Dealers
Terry Dortch is a former dealer who is now the president of Automotive Compliance Consultants. In a recent “Industry Voices” feature on Wards Auto, Dortch laid out a compliance manifesto. Dortch...
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