The F&I Menu: Performance vs. Presentation A 2015 AutoTrader/Cox Automotive study showed that consumers respond well to technology. Today, people are spending a lot of their time on their smartphones and tablets, doing everything from communicating to making purchases. So it’s no wonder that customers are expecting the F&I process to be completely digitized and […]Read More »
By now, you know that a digital menu will increase your dealership’s profitability, streamline the F&I process, and make the car-buying experience more enjoyable. But do you know what you’re looking for when you set out to take your department digital? It’s crucial that the digital menu system that you choose is the right one […]Read More »
Finding the right F&I menu selling system is crucial for OEMs to sell products, but it can be difficult to choose one for your business. Some people want a tool for each task, which means they need a big tool box that may or may not all fit together as an intuitive process. Learn what […]Read More »
The way that people make purchases has become more technologically advanced than ever before. Over 132 million packages were delivered by UPS based on Black Friday sales. People are ordering online more than ever. This kind of technology is now expected when people make purchases, and buying a car is no exception. In the F&I […]Read More »
It’s impossible to understand how well products are selling without reports from the F&I department. F&I reporting allows OEMs to learn about key analytics of dealer networks as well as the performance of all sales and F&I team members. This data provides insight to OEMs on how their business is doing in terms of revenue […]Read More »
According to Automotive News, a survey found that nearly 85% of dealerships said it’s important to use a menu consistently to sell after-market products. Comprehensive menu selling systems are beneficial in many ways, with one of the main benefits being to increase profitability for an OEM. As an OEM, it’s crucial to understand why integrating a […]Read More »
Autosoft, Inc., a leading national dealer management systems (DMS) provider, announces that the MaximTrak Technologies’ F&I suite has completed the certification process for integration with FLEX DMS as part of Autosoft’s FLEX Connect program.Read More »
A study by MaximTrak of more than a million transactions with utilization numbers evenly distributed on retail, lease and cash transactions compared deals that did not have a menu to deals in which the menu was utilized. The results were stark and consistent—the digital F&I menu delivered Profit per Unit (PVR) lifts of 28% on average in the automotive industry and 33% on average for the for the motorcycle industry.Read More »
Few dealers truly are satisfied with their finance and insurance department’s performance.
Yes, many F&I managers post solid performance numbers. Still, many dealers share a nagging hunch that with a little more oomph, their F&I departments could do better.
Fact is, this hunch is true. Most F&I departments can boost their per-vehicle-retailed and aftermarket-product penetration. It happens every day where F&I staffers train as athletes do for the championship.Read More »
MaximTrak Technologies’ F&I Suite has been recognized by CIO Review magazine for changing the way consumers buy cars from auto retailers.Read More »