The evolution of F&I products, and more specifically how they are sold, has been shifted into high gear.
Dealers on the CDK Global DMS can now import lease deals into Digital Contracting on the Dealertrack uniFI platform, part of an upgrade also designed to benefit finance sources.
Dealertrack announced the integration of its proprietary electronic contracting solution with Dealertrack uniFI, promising a paperless lead-to-contract workflow facilitated by a single platform.
The nation’s six largest publicly traded dealer groups all increased F&I profit per vehicle retailed in the second quarter, led by AutoNation’s $1,926 per copy and Lithia Motors’ segment-leading 11% improvement.
Cheryl Miller has been promoted from CFO to president and CEO at AutoNation, replacing Carl Liebert, an auto retail outsider who took over as chief executive for founder Mike Jackson just four months ago.
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