Tag Archive | "Intersection Technologies"

Cox Automotive Acquires F&I Express®

ATLANTA and GRAPEVINE, Texas Cox Automotive Inc. (CAI) today announces the acquisition of Intersection Technologies Inc. d/b/a F&I Express. F&I Express is dedicated to leading the aftermarket industry into the digital age with innovative technology solutions. The deal furthers Cox Automotive’s mission to transform the way the world buys, sells, owns and uses cars.

Both companies have a history dating back to Spring 2013, when Autotrader and Intersection Technologies leaders first met and decided to work together to further an initiative we know today as Digital Retailing.

F&I Express will operate as a wholly-owned subsidiary of Cox Automotive Inc.(CAI), which also includes Autotrader®, Clutch Technologies, Dealer.com®, Dealertrack®, Kelley Blue Book®, Manheim®, NextGear Capital®, VinSolutions®, vAuto® and Xtime, and will be a part of the Retail Solutions Group within CAI. While specific financial terms of the deal are undisclosed, all F&I Express employees will remain in their current roles at F&I Express, and the business unit will operate out of its current Grapevine, TX location.

“Combining assets, including a vast F&I providers network and unbeatable new technology, will create a competitive advantage driving continued value for dealers, agents, providers, and lenders,” said Mike Barrington, Senior Vice President Retail Solutions Group Sales, Digital Retailing and F&I Solutions. “As both pioneers and innovators, they’ve done an outstanding job of giving lenders and dealers who use multiple providers one place to go to rate, contract and register F&I products. Together, F&I Express and Cox Automotive will continue to deliver the services and solutions F&I Express has been delivering to the market.”

With industry-leading digital marketing, financial, retail and wholesale solutions for consumers, dealers, manufacturers, lenders and the overall automotive ecosystem worldwide, the Atlanta-based Cox Automotive has 34,000+ team members in more than 200 locations worldwide, and partners with more than 40,000 auto dealers as well as most major automobile manufacturers.

“F&I Express has developed innovative solutions via its technology, to connect the automotive marketplace to F&I providers,” said Brian Reed, CEO and Co-founder, F&I Express. “Joining Cox Automotive gives F&I Express deeper resources and broader talent to deliver innovative technology solutions and superior service that will help position F&I Express as an unbeatable contender in this industry.”

Express Recoveries is an optimized eCancellation solution connecting lenders, providers and dealerships to streamline the cancellation and recoveries process in an efficient and compliant manner. Express Digital Media gives digital retailers the power to educate car shoppers online with accurate and dynamic aftermarket rates and content.

For more information about either company, please visit Dealertrack.com or fandiexpress.com.

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Service Payment Plan, Inc. Is Now Integrated with F&I Express eContracting Platform

SOUTHLAKE, Texas – Intersection Technologies Inc. – F&I Express® is pleased to welcome Service Payment Plan, Inc. (SPP) to its ever-expanding, network of aftermarket F&I providers. SPP’s addition to F&I Express will allow dealers on the SPP dealer network, the ability to eRate, eContract and eRegister all of SPP’s payment plan contracts.

Founded in 1983, SPP is the largest service contract payment plan company in the industry, and offers programs to independent service contract providers and manufacturers, throughout the United States and Canada. Customers, whether paying cash, outside financing, or limited financing can benefit from 0% interest payment plans for vehicle service contracts. SPP offers their customers the ability to finance the purchase of their aftermarket products, turning a no into a yes.

“Service Payment Plan, Inc., has been in business for over 30 years, and has been providing consumers a way to buy vehicle service contracts without raising the cost of their car payments. SPP is a fantastic addition to F&I Express,” said Brian Reed, President and CEO F&I Express. “With F&I Express, SPP can now offer consumers an easy, error-free financing process to help speed the vehicle delivery process, thus improving the whole buying experience.”

“The integration of SPP and F&I Express will help insure all contracts are submitted timely to the service contract administrators and SPP as well as improve accuracy in the F&I office. Customers and F&I managers will appreciate how quickly the sale and the paperwork can be completed,” said Bob Hymen, President, Service Payment Plan, Inc.

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Maximus Auto Group Joins the F&I Express eContracting Platform

SOUTHLAKE, Texas – Intersection Technologies Inc. – F&I Express® is pleased to welcome Maximus Auto Group to its ever-expanding, network of aftermarket F&I providers. F&I Express provides its dealers access to all of their providers to eRate, eContract, eSign, and eRegister all of their aftermarket F&I products efficiently and easily from one place. Maximus Auto Group’s addition to the F&I Express eContracting platform will contribute to the overall industry march towards 100% electronic contracting of all F&I products.

Founded in 2003, Maximus Auto Group is recognized as a highly motivated, service-oriented organization, committed to serving their customer’s needs. With a full line of value-added, low-cost aftermarket products and responsive professional services, Maximus has established itself as a leader in client-targeted, superior products.

“Maximus Auto Group has an outstanding reputation for providing quality products and services and will be a true asset to the F&I Express eContracting platform,” said Brian Reed, President and CEO, F&I Express.

“We’ve always made customer service our top priority, and we partnered with F&I Express with that in mind,” said Dean Harrison, president and founder of Maximus Auto Group. “The eContracting platform will complement our existing customer service technologies such as our online claims filing system and our mobile app, MyCar Mobile.”

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F&I Express® Names Roger Hilterbrandt Executive Vice President of Sales and Marketing

SOUTHLAKE, TX – Intersection Technologies Inc. – F&I Express® is pleased to announce that Roger Hilterbrandt has joined the Executive Team as Sr. Vice President of Sales and Marketing. Roger will be joining the Executive Team that consists of Brian Reed – CEO, and Rich Apicella – Executive Vice President. In Rogers’ new role he will spearhead the company’s efforts roll out F&I Express to thousands of dealerships across the United States.

“I’m excited to join F&I Express because I believe this company is uniquely positioned to revolutionize the way aftermarket products are presented and transacted in the F&I office of a dealership, with innovative solutions that will dramatically reduce the time it takes to do both,” said Hilterbrandt. “F&I Express is poised to radically change the way aftermarket products are sold and contracted ‘gets done,’ in the same way we were able to transform the way people shopped for vehicles when I was withAutoTrader.com.”

“The addition of Roger Hilterbrandt to the Executive Team at F&I Express really positions the company well as we provide technology and business solutions to dealers, aftermarket administrators, aftermarket agents, menu company’s and lenders” said Brian Reed. “We have a proven technology platform with many satisfied customers and with the addition of Roger and his proven abilities to build world class sales organizations, we expect to continue to create many new satisfied customers” Reed added.

Hilterbrandt brings 25-plus years of executive-level automotive marketing, sales and business development experience to F&I Express. Previously he served as Vice President of Sales for AutoTrader.com, where he directed a team of over 600 sales personnel and was instrumental in growing the online car-shopping powerhouse’s revenues from $170 million to over $700 million. Prior to AutoTrader.com, Hilterbrandt was President and CEO of a major, Internet-based finance lead partner of LendingTree.com and E-LOAN. He also served as National Sales Manager at Reynolds and Reynolds, directing over 175 sales and service professionals and the company’s OEM relationships.

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F&I Express® Adds American Guardian Warranty Services to its Network of Aftermarket F&I Product Providers

SOUTHLAKE, Texas – Intersection Technologies Inc. – F&I Express® has added American Guardian Warranty Services (AGWS) to its aftermarket F&I eContracting platform. AGWS is an innovative provider of administration services for dealers and marketers offering vehicle service agreements, limited warranties and a variety of environmental and aftermarket products across the United States.

Formed in 1998, American Guardian Warranty Services, Inc. was started with over 60 years of combined experience in the extended service contract industry. American Guardian Warranty Services, Inc. lays the groundwork for the innovative, creative and fresh approach to the business. AGWS full suite of aftermarket F&I products is available on the F&I Express platform.

With over 16 years in the business, American Guardian has been leading the industry with their innovative ideas and approach,” said Brian Reed, President and CEO of Intersection Technologies. “They will be a welcomed asset giving dealers more choices to eContract their aftermarket F&I products.”

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F&I Express has Added Allegiance Administrators to its eContracting Platform

SOUTHLAKE, TX – Intersection Technologies Inc. – F&I Express® has added Allegiance Administrators to its aftermarket F&I eContracting platform. Through this seamless integration, dealers will have the ability to eRate, eContract, eSign, and eRegister all of their aftermarket F&I products with a single sign-on.

Allegiance Administrators, LLC, a third party administrator for vehicle service contract programs, provides vehicle service contract and/or mechanical breakdown insurance administration and claim adjudication services in the United States and Canada. They offer Performance First private label products to cover new and used vehicles through franchised and non-franchised automobile dealers; mechanical breakdown insurance to cover new and used vehicles primarily through lenders.

“Allegiance Administrators’ integrity in business, core values and state-of-the-art technology will be an asset to the F&I Express platform,” said Brian Reed, President and CEO F&I Express. “We are excited to have them on board and provide dealers with more options in eContracting their aftermarket products.”

“All of us at Allegiance are excited for the opportunity to partner with F&I Express,” said Joe Ryan, Senior Vice President of Sales Allegiance Administrators. “Our goal at Allegiance is to exceed expectations while also exploring new avenues to assist our Agents and Dealers in making the F&I process as simple and compliant as possible. F&I Express will enable us to deliver that expectation on every VSC.”

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