CHICAGO – Virginia Surety Company, Inc. (VSC), a wholly-owned subsidiary of The Warranty Group, Inc., today announced an agreement with Coverdell, Inc. to provide a customer loyalty program and support. Coverdell, a full-services marketing company, will offer “Shop Ship Protect,” a program including price protection, extended warranty, purchase assurance and satisfaction guarantee benefits. Offered to … Read More »

SANTA MONICA - SMART Payment Plan, a nationwide bill payment service and provider of F&I sales solutions, has re-launched their “$10,000 PVR Challenge.” SMART will pay any dealer $10,000 if his or her PVR doesn’t increase after using their payment service. “Our service allows you to offer customers lower payments that match their paydays.  In addition, … Read More »

TROY – Provider Exchange Network (PEN), a division of Open Dealer Exchange, LLC, is pleased to announce that StoneEagle Insurance Systems, Inc. (StoneEagle) has successfully completed a PEN Certified Interface, allowing automotive dealers and aftermarket product providers to electronically book vehicle service contracts using the SCS and ARCH product administration systems. “We are pleased to … Read More »

ATLANTA – It’s no secret that F&I departments have been heavily relied upon to fill dealerships’ profit gaps. With the current pressures in the industry and more restrictions on rate, getting $1,000 per vehicle retail requires a solid strategy. While many look to higher-cost products like Vehicle Service Contracts, maintaining a two-plus product index can … Read More »

New disclosure requirements being considered by the Federal Reserve Board (FRB) for loan insurance products aren’t the only threat to core F&I offerings like GAP coverage. In California, product providers are racing to notify dealers that one of the key selling features of GAP might be barred since a new law took effect on Jan. … Read More »

DULLES – The Impact Group is excited to announce e-rating and e-contracting enhancements to the Fusion Menu for the full line of IAS products and services, F&I and Showroom reported. Using the Fusion Menu, finance managers can rate for all available IAS product plans. Then, using a customized Fusion product overview and support tools, F&I professionals can … Read More »