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F&I eNews Thursday May 10, 2012

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Latest News

Facebook Drives Website Visitors, Not Leads, Report Says
Facebook is becoming a great driver of new visitors to dealership websites, a new report shows, but the social-media site still has a long way to go before it becomes a major lead-generation source. Read Full Story


European Financial Crisis Hits U.S. Automakers
The euphoria over the positive first quarter results from U.S.-based carmakers should be tempered by the recessionary situation in Europe, two Kelley Blue Book analysts warned. Read Full Story

Wholesale Prices Improve Again in April
AuctionNet wholesale prices improved again in April, a result that was in line with the National Automobile Dealers Association’s prediction that used prices would peak during the middle of the month. Read Full Story


TrueCar IDs Mom’s Top 10
Based on 2011 data collected by TrueCar, moms selected the Nissan Altima, Honda Odyssey, Subaru Outback, and Honda Pilot as their top vehicles. Read Full Story

Audi, Chevrolet, and VW Ads Rate Highest in New Report
Non-luxury customers favor engaging ads that are humorous, clever, entertaining and unique, while luxury respondents are more responsive to ads that have a serious tone, a new report reveals. Read Full Story


DealerTrack Realizes Q1 Revenue Increase, Raises Outlook
DealerTrack Holdings Inc. reported revenue of $91.6 million for the first quarter, up from $77.2 million for the first quarter of 2011. Read Full Story

Finance Express Adds Prestige to Lender Portal
Finance Express announced today that it has entered into an agreement with Prestige Financial that will make the specialty auto finance source available to independent dealers on the technology company's lender portal. Read Full Story


NADA, JD Power to Stage Los Angeles Conference
The National Automobile Dealers Association (NADA), in partnership with J.D. Power and Associates, announced the creation of the Western Automotive Conference, which will be held the day before the Los Angeles Auto Show opens to press on Nov. 27. Read Full Story

Blogs

Done Deal

Clicking for Service
Guitar Center is doing its best to prove the editor’s 10-year-old prediction that brick-and-mortar retailers would always have a role in the online shopping experience. Read or Respond

Gregory Arroyo
Executive Editor
gregory.arroyo@bobit.com


Featured Stories
The March issue of F&I and Showroom magazine is here, and the magazine team worked overtime to bring you the stories from the aisle ways at last month’s industry get-together. Find out what’s happening in F&I, dealership marketing, special finance and more. Also check out Jim Ziegler’s newly expanded column, where ‘Da Man’ delves into the hot-button issues from the show.
<p>Matt Buchanan (left) and Joe CAstle (right).</p> Driving Impressions
Two dealers from Florida and Illinois reveal the roadmap their dealerships followed into the digital age. Read Full Story
Show of Force
The nation’s chief enforcement agency singled out five dealers for deceptive advertising in March. The magazine’s resident legal wiz weighs in. Read Full Story
<p>Matt Nowicki.</p> No Pipe Dreams Here
The head of IAS’s retail software division responds to Marv’s column last month, and offers his perspective on the iPad and mobile tools. Read Full Story
Rethinking Leasing
As leasing gears up for another surge, the magazine’s veteran F&I expert offers a historical perspective and a few tips for adding product sales to this transaction type. Read Full Story
Contractually Obligated
Bending the rules in the name of customer satisfaction isn’t a viable defense in court. The magazine’s newest compliance expert explains how even a slight adjustment can have serious consequences. Read Full Story
A Driving Force
With strong sales driven by low interest rates and on-time payments, 2011 finished with a bang. Read Full Story
Aging Drivers, Vehicles Threaten Service Profits
New research indicates that aftermarket service chains are nabbing the largest share of service business, and an aging fleet and customer base continue to threaten dealership service profits. Read Full Story


Visit F&I Magazine's Website for more news



If you would like to send us comments or questions regarding our e-news alert, magazine or the F&I industry, please e-mail Gregory Arroyo at gregory.arroyo@bobit.com.

Prepared by:
Greg Arroyo
Executive Editor
310-533-2592
greg.arroyo@bobit.com

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