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F&I Trends to Watch in 2014

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What will 2014 bring for F&I managers? Attend this webinar to get a look into the future from a panel of experts. They will peer into their crystal balls to determine the outlook for the CFPB, factory incentives, leasing and more. Find out what to prepare for -- and prepare against in 2014!

 
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Speaker
Jim Radogna
Director of Compliance
The College of Automotive Management
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Webinar Summary

Open the year with a look at what's ahead: What should F&I managers prepare for — and what should they prepare against?

In 2013, the F&I world saw a number of changes.

Speaker
Paul McCarthy
Executive General Manager
Stevenson Automotive Group
Jacksonville, N.C.

The Consumer Financial Protection Bureau's indirect influence on automotive retailers became far more pronounced. Leasing grew dramatically, particularly for mass-market brands that heretofore had not seen much leasing penetration. Loans became longer. And with new-car margins shrinking, dealers began to rely increasingly on their F&I departments for profits — and therefore set higher targets for their F&I managers.

Speaker
Frank Churchill
Corporate Manager - Sales
Toyota Financial Services
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Our panel of experts will peer into their crystal balls to determine the outlook for:

The CFPB; Interest rates; Lenders' appetite for subprime auto loans; Leasing; Factory incentives; Used-car values, and by extension, the trade-in prices that help buyers make their down payment; and Vehicle affordability in light of all of the above.

Speaker
Marc Bonanni
General Counsel
The College of Automotive Management
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Key takeaways:

• How best to position your F&I department in the year ahead.

• What compliance issues will dominate 2014.

• The potential for leasing, and whether it will continue to erode F&I profits.

• Whether low interest-rate incentives will cut into dealer reserve profits.

Moderator
Jim Treece
News Editor
Automotive News

CFPB faces legal hurdle in regulating F&I products

12:01 am U.S. ET | Oct. 15, 2014
It’s clear the Consumer Financial Protection Bureau would like to increase regulation of what it calls “add-on” F&I products such as extended-service contracts and GAP. But it’s less clear whether the bureau can find the legal grounds to do it, a former CFPB official says.... Read More »


Wells Fargo, Chase boost auto lending

12:01 am U.S. ET | Oct. 15, 2014
Wells Fargo expects to keep its position as the No. 1 U.S. auto lender by volume as auto lenders report third-quarter results.... Read More »


Lithia expects flat per-unit F&I revenue through 2015

12:01 am U.S. ET | Oct. 15, 2014
Lithia Motors expects average F&I revenue per vehicle retailed to stay flat through the rest of 2014 and 2015, at the current level of about $1,200 on a same-store basis. The retailer expects same-store average F&I revenue per unit of $1,202 in the third quarter.... Read More »


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