Tag Archive | "F&I"

AUL Corp. Launches 2017 F&I Training Schedule


NAPA, Cali. – AUL Corp., the award-winning and leading warranty and vehicle service contract administrator in America, just released their 2017 F&I Training Schedule. This will be AUL’s second year of offering F&I Training. This training provides a tailored education that includes a 3-day live course, virtual training sessions and an online platform that includes a variety of videos and quizzes available for 12 months following the in-person course. The curriculum is designed for F&I professionals selling finance and insurance products in automobile dealerships.

Each course will be conducted by Kirk Manzo, CSP and Director of Global Training for Assurant’s Vehicle Protection Services group. Since 1999, Kirk has consulted and trained retail dealerships to help them maximize profits in their sales and F&I departments. Mr. Manzo is a Certified Member of the John Maxwell Team.  The live workshops will be held in DallasNapaAtlanta and Chicago.  The 3-day workshop will include training on compliance, objection handling, TOs from Sales to F&I, and menu-selling. These highly interactive workshops will teach real-world strategies and tactics necessary to improve performance and increase satisfaction.  Also, included in the in-person training will be role-playing scenarios and valuable feedback following a video session.

When asked about the courses, Kirk Manzo stated, “AUL’s training program integrates the use of Virtual Round Tables to provide a unique ‘peer to peer’ learning and accountability component unlike anything in the industry. It’s like having your own private F&I 20 group to support and encourage your performance improvement.”

AUL General Sales Manager, Jason Garner agrees and also states, “Training must be a proactive and continuous process that becomes an essential element in a dealership’s culture.  In addition to three days of classwork, AUL’s 12-month follow-up delivers the necessary components to ensure a successful continuous learning environment at the dealership.”

To learn more about AUL Corp’s. 2017 F&I Training, contact email hidden; JavaScript is required or call 800.826.3207.

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Wise F&I has Partnered with Darwin Automotive


ST. LOUIS – Wise F&I provides a full suite of voluntary protection products to the automotive finance and insurance market. Wise F&I products are now available through Darwin Automotive’s Prescriptive F&I Selling Software. This partnership provides automotive retailers utilizing Darwin access to all of Wise F&I products, including: GAPWise, WiseCARE, TIREWise, WiseTVP, THEFTWise and KEYWise. Darwin provides eRating and eContracting for Wise F&I products, they also further support online product integration through innovative F&I technology. Matt Croak, president Wise F&I, commented, “Partnering with Darwin allows us to benefit from Darwin’s predictive analytics and patented technology to increase sales.”

The partnership also helps facilitate customer transactions in the dealership. Mutual dealerships of Wise F&I and Darwin Automotive will be able to provide a streamlined transaction with increased efficiencies and accuracies of Wise F&I branded products to their customers. “Offering customers a more complete online experience through Darwin will help to increase customer satisfaction,” said Matt Croak.

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CNA National Distributes Over $40 Million for Dealer Participation Plans for 2016


SCOTTSDALE, Ariz.—CNA National Warranty Corporation (CNAN) returned over $40 million to automobile dealers across the U.S. through its various participation plans for 2016. This brings its inception-to-date total to more than $424 million.

“Over the past five years, we’ve seen a significant increase in returns,” says Joe Becker, president and chief executive officer. “This performance demonstrates the strength, stability and flexibility of these programs. They deliver the dependability our dealers expect and deserve regardless of the participation option selected.”

With CNA National, dealers can select the participation program that best serves both their business and individual financial goals. The company offers a retro program, as well as reinsurance, including CFC (controlled foreign corporation) and NCFC (non-controlled foreign corporation) structures. CNA National’s NCFC—Palo Verde Holdings—is managed by a board of directors made up of dealer shareholders. It has over $220 million in assets, making it an excellent choice for dealers wanting to maximize investment returns while minimizing risk.

CNAN reinsures warranties, GAP and tire-and-wheel protection in addition to vehicle service contracts. The company has earned multiple awards as “Best Reinsurance Provider” in the Dealers’ Choice Awards, including first-place honors in 2011, 2012 and 2013.

 

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National Auto Care names Steve Verney as Chief Financial Officer


WESTERVILLE, Ohio – National Auto Care today announced the appointment of Steve Verney as the company’s Chief Financial Officer, leading the finance, accounting and reinsurance teams. In this new role, he will work to help National Auto Care amplify its recent profitable growth and build an even stronger foundation for the next level of success.

Steve retired from Allstate Insurance in 2015 after a distinguished 34-year career. He held multiple senior- level roles in Finance and Risk Management, including CFO of both property-casualty and life divisions, Treasurer, and head of strategy and M&A. He completed his career at Allstate as Executive Vice President and Chief Risk Officer. In each of these roles, he helped improve growth, profitability and financial strength as well as drive transformative change while developing strong financial talent and organizations.

“I am thrilled to join National Auto Care as we work together to build on the great work the team has done to achieve even greater success for our agents, employees, business partners and ultimately our shareholders,” said Verney.

“Steve’s strong qualifications and strategic mindset make him the perfect fit to take our financial management to the next level,” said CEO Tony Wanderon. “With his expertise in all facets of financial operations, insurance and M&A, Steve brings a balanced ability to develop and execute strategies that will drive growth and competitive advantage for the company on a national level.”

Steve earned his bachelor’s degree and MBA from the State University of New York at Buffalo. He is a member of the American Institute of Certified Public Accountants and the National Association of Corporate Directors.

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RoadVantage Appoints Mike Essig as Director of Risk Management


AUSTIN – RoadVantage, the fastest-growing provider of F&I programs for the automotive industry, today announced that Mike Essig has joined the company in the role of Director of Risk Management.

Essig joins RoadVantage with 13 years of industry experience, specializing in actuarial analysis and risk management, most recently as Risk Management Director and Actuary at CNA National Warranty Corporation. Prior to that, Essig was a Senior Pricing & Reserving Actuarial Analyst for Warranty Solutions.

“We are thrilled to welcome Mike to the RoadVantage team,” said Garret Lacour, CEO of RoadVantage. “Mike is highly regarded in his field, and has the right combination of skills and expertise to bring value to RoadVantage as we continue to grow.”

A graduate of Brigham Young University, Essig joins RoadVantage as the company continues to experience record growth, expanding in contract volume, programs, staff and offices.

“I have known the RoadVantage leadership team for years, working with them during my time at CNA National, and I’ve been impressed by their smart strategies that have resulted in such rapid success,” said Essig. “I’m excited to be part of such a talented group.”

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VisionMenu releases Remote F&I


FT WAYNE, Ind.- VisionMenu release Remote F&I- a remote Menu, Disclosure and Document signing web application that uses the vSignature technology, Patent-Pending, to control what a customer views on their smart phone and allows eSigning of any document.

The remote tool gives the finance person 100% control over what is displayed on the customer smart phone or tablet device no matter where the customer is located, such as the finance office or in the privacy of their own home.

“Remote F&I gives the F&I Manager a tool to sell more products to the online buyer, or any buyer that can’t make it into the dealership.” says Ron Martin, president of VisionMenu. “It also gives them a tool to e-Sign documents so the customer doesn’t have to come back to the dealership to resign forms. It can even serve as a tool to close a deal with the buyer at the dealership and the co-buyer at a remote location.”

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