The Trends for 2014
There is no such thing as a crystal ball that allows people to see into the future, but that does not mean we are completely in the dark about what could, and probably will happen, especially in the business world. We talked to 17 of the industry’s top executives to get an idea of where they see the automotive industry as a whole, and F&I in particular, heading in 2014. They gave us their top issues, the technologies and products they are watching, and what their predictions are for the next 12 months. It might not be a crystal ball, but it is certainly the next best thing.
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The Bigger Compliance Puzzle
When it comes to compliance, most of the talk the last several months has centered on the Consumer Financial Protection Bureau (CFPB) and the guidance it issued. The guidance does not directly impact dealers – but it does affect the lenders dealers rely on, and it has certainly changed the way many lenders look at the contracts sent to them for approval.
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An Interview with Garret and Jerry Lacour
Six years ago, Garret Lacour, and his father, Jerry Lacour, sold the company they had founded 23 years prior – IAS. But they still had the connections, more than 75 years of combined experience and a passion for the industry, so they decided to take it as an opportunity to start over again, with new ideas for how to serve the F&I market. And with that RoadVantage was born. We sat down with them at Industry Summit 2013 to learn more about the journey they’ve taken, and what they are looking forward to in the future.
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The Dodd-Frank Act: The Creation of the CFPB and How it Impacts F&I
One of the sessions that garnered a lot of attendance and attention at the Industry Summit show at the Paris Hotel and Casino in Las Vegas last month was the Dodd-Frank panel, moderated by Bob Harkins, vice president/director of training, AFG Training Academy; president, RAH Consulting. It tackled subjects such as the Consumer Financial Protection Bureau (CFPB) and other regulatory bodies that impact the F&I office across the board.
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