P&A Online

February 23, 2011

Welcome to P&A eNews, your source for industry news and updates. P&A eNews is dedicated to the interests and concerns of providers and administrators of automotive finance and insurance products.

Be sure to visit P&A's website at www.pa-magazine.com regularly for the latest updates.

You can also join the P&A Linkedin Group here.

Subscribe to P&A Online's eMagazine FREE

Closing Is Sweet Success

Trade-In Value: Is a Protection Policy the Answer?

The World As We Know it Has Changed!

Keys to Success

An Ounce of Prevention Is Worth a Pound of Chargeback

Successful Third-Party Administrators View Underwriters as Partners

An Ounce of Prevention Is Worth a Pound of Chargeback

F&I Express Adds IAS To Its E-Contracting Platform

PALOS VERDES – Intersection Technologies, Inc and its aftermarket industry leading e-contracting platform of F&I Express is pleased to announce that it has entered into agreement and has added Innovative Aftermarket Systems (IAS) to its e-contracting platform. F&I Express is an e-contracting platform for the aftermarket F&I marketplace. It provides the dealer one place to ... Read More »

The Impact Group Launches e-Contracting With Provider Exchange Network

TROY – Provider Exchange Network (PEN), a division of Open Dealer Exchange LLC, has announced integration with The Impact Group Inc. The menu maker’s Fusion Menu will now feature electronic rating, forms and contract origination via PEN. “We couldn’t be more excited about the partnership with Provider Exchange Network,” said Mark Thorpe, president of The ... Read More »

Warrantech And Volvo Ink Vehicle Service Contract Deal

BEDFORD – Warrantech Corporation has signed a three-year contract to serve as Volvo Cars North America LLC’s factory-authorized OEM service contract administrator for new and used Volvo cars and light trucks. The Warrantech agent network will provide Volvo’s 370-dealer network with its nationally recognized sales and support for customized service contracts. The service contracts will ... Read More »

Hendrick Automotive Group Selects Reynolds CRM Solution

DAYTON – The Reynolds and Reynolds Company announced that Hendrick Automotive Group has selected the Reynolds Contact Management solution as the corporate standard for customer relationship management (CRM) tools for all Hendrick dealerships. Contact Management integrates seamlessly with the Reynolds ERA dealership management system (DMS), which is the corporate DMS standard for all Hendrick stores. ... Read More »

U.S. House Votes to Block EPA Spending On E15 Fuel

WASHINGTON – The U.S. House voted to block the EPA from spending money to allow the sale of gasoline with as much as 15 percent ethanol, handing automakers at least a temporary victory in getting more time to test the fuel. The House amendment, introduced by Rep. John Sullivan, R-Okla., would prevent EPA from approving ... Read More »

Wanderon, Angus to Lead Lunchtime Sessions

The former president of Allstate Dealer Services and the training firm behind a new dealer study are scheduled to address attendees during two special lunchtime sessions at the inaugural Agent Summit, event organizers announced today. Tony Wanderon, former president of Allstate Dealer Services and now president of his own consulting firm – Jacksonville, Fla.-based Family ... Read More »

Sonic, Asbury Profit Up On Auto Recovery

Auto dealer groups Sonic Automotive Inc and Asbury Automotive Group posted higher-than-expected quarterly profits on sales that outpaced the recovery in an industry bouncing back from the recessionary levels of 2009. Shares of Asbury gained 4 percent, while shares of Sonic declined almost 2 percent after a forecast for 2011 earnings that fell below the ... Read More »

Verde Offers $100,000 Book to Agent Summit Attendees

LAS VEGAS – Attendees of the first annual Agent Summit, to be held Mar. 8–9 at the Hilton Las Vegas, will each receive a free copy of How to Make $100,000 Selling Cars, the new book by author, trainer and Agent Summit keynote speaker Joe Verde. Verde introduced the book at the National Automobile Dealers ... Read More »

Audi Wants to Grow Even After Reaching 2015 Goals

INGOLSTADT – Volkswagen AG’s Audi division aims to continue expanding even if it achieves its goal of selling 1.5 million cars a year by 2015 and becoming the world’s No. 1 luxury brand. “Of course we don’t want to stop there,” Audi CEO Rupert Stadler told Automotive News Europe Executive Edition in an interview to ... Read More »

Agent Summit to Address Two Hot-Button Issues for Agents

The e-contracting arms race involving F&I menu and product providers and the perceived bias finance sources showed toward aftermarket F&I products will take center stage at the first annual Agent Summit, organizers of the two-day event announced today. Dealers’ acceptance of e-contracting, e-rating and e-remittance of F&I products, as well as widespread lender approval of ... Read More »

House Votes to End ‘Car Czar’ Job

WASHINGTON – The U.S. House approved an amendment that would eliminate the Obama administration’s car czar and eight other advisers throughout government. Rep. Steve Scalise, R-La., said the czars were tantamount to a “shadow government.” The House approved the amendment to a bill to fund the federal government’s operations through March 30. The vote, 249-149, ... Read More »

Honda Recalling 700,000 Vehicles For Engine Problems

WASHINGTON – Honda Motor Co. is recalling nearly 700,000 Fit and other compact vehicles around the world over concerns the engine could stall. The recall includes 97,201 2009-2010 Fit vehicles sold in the United States, the Japanese automaker told federal regulators. The recall also covers versions of the vehicle sold as the Freed and City ... Read More »