CBA Live: The Time for eContracting is Now

by Dealertrack on May 8, 2018

Andy Mayers, Dealertrack Lender Solutions strategist, recently participated in a panel discussion at retail banking industry event CBA Live. The conversation focused on dealer motivations, eContracting, operational efficiencies and internal dealer is...

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Keeping Aftermarket Products In Line: F&I Compliance Tip

by Dealertrack on May 3, 2018

Aftermarket products are important to dealerships’ bottom line. Recent NADA research has shown that 50 percent of profits for the average dealership come from the sale of aftermarket products. A majority of these profits come from vehicle service contracts but, but other products driving profits also include guaranteed auto protection, credit...

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Monitor Dealership Activity: F&I Compliance Tip

by Dealertrack on April 26, 2018

One of the biggest threats to dealership compliance is inside the showroom. That’s right: your employees. Some studies claim that a majority of data breaches are caused by workers, a sobering statistic that may be due to negligence or mistakes – such as leaving credit applications, credit reports and deal jackets open and in plain sight – or...

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Data Safeguards & Identity Theft Protection: F&I Compliance Tip

by Dealertrack on April 19, 2018

Identity theft and data breaches continue to be a serious and ongoing issue for consumers and businesses. In fact, according to the U.S. Department of Justice, “An estimated 17.6 million Americans — about 7% of U.S. residents age 16 or older — were victims of identity theft in 2014.” That includes the misuse of credit card data, a...

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The Three Pillars of eContracting

by Dealertrack on January 5, 2018

Even in the age of digitization and tech-savvy millennials, many dealerships still rely on long and laborious paper contracts for F&I processing, as well as the error-prone approach of manual data entry. However, with more millennials becoming car buyers, and older generations also demanding a better online and in-store shopping experience, now...

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F&I – Don’t Keep It a Secret

by Dealertrack on November 8, 2017

According to the inaugural Car Buyer Journey study commissioned by Autotrader and conducted by IHS Automotive, as of 2016, more than 60% of the car buying process happens online today. [caption id="" align="alignnone" width="2336.0"]...

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At-A-Glance: eMenu for iPad®

by Dealertrack on August 13, 2017

Let’s face it: Paper menus just don’t work so well in an interactive and tablet-friendly world.In fact, according to the 2016 Cox Automotive Emotional Connections Study, it's part of a process that leaves car buyers frustrated and anxious. Fully 25% of those surveyed reported that the F&I product sales experience was the top pai...

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Sell Millennials on the Dealership Experience

by Dealertrack on August 10, 2017

There’s a generation of digitally-savvy people getting ready to buy cars. That sounds like a pleasure cruise of sales opportunities, right? But there’s a catch: they’re a demanding bunch with specific ideas about how the transaction should unfold.So what’s a sales person to do? How does a dealership adjust their business to take...

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Millennials Flex Their Purchase Power

by Dealertrack on August 9, 2017

With every promotion or newly minted job, with every move to the suburbs, Millennial spending power is growing.Yes, the “digital native generation” is changing the experience of car shopping, but perhaps even more important than that is their influence in the auto finance market....

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Millennials are Making the Online and In-Store Connection a Reality

by Dealertrack on August 8, 2017

Think back to the most important retail moments of the last 50 years. What would you put on your list of the top ten?The Great Recession of 2007 would surely make it, and perhaps the introduction of SUVs, along with other models. Most likely, the emergence of the Internet would be right at the top – along with the major technological...

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