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F&I and Showroom

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Crisorio to Head Agent Summit Advisory Board: LAS VEGAS — Organizers of the fifth annual Agent Summit have announced that Randy Crisorio, president and CEO of United Development Systems Inc., has been tapped to head the event’s advisory board for a third consecutive year. The 2015… #AgentSummit
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N.Y. Shuts Down Subprime Auto Lender: Condor Capital must pay an estimated $8 million in restitution to harmed customers, a $3 million penalty and admit violations of the Dodd-Frank Act and New York state law. The lender will also surrender its licenses in all states.
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Government Loses $9.26 Billion on Auto Bailout: According to a report released by the U.S. Treasury Department this week, the government lost more than $9 billion on its bailout of General Motors Corp., Chrysler LLC and auto lending arms Ally Financial Inc. and Chrysler Financial.
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Spencer Re Selects New CEO: Tina Youngblood Mallie has joined the firm as CEO. She also serves as vice chair of Spencer Capital Holdings.
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Mama’s Menu: The magazine’s legal wiz says regulations don’t offer much guidance when it comes to F&I menu usage. But he says there’s an unofficial rule F&I managers should consider.
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Part 1: Costly Hires: Human resources expert lays out the costs of a bad hire in Part 1 of his two-part series on dealership hiring practices.
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Moody’s Sees Silver Lining in Regulatory Scrutiny of Auto Finance: Moody’s expects the performance of new and outstanding auto loan ABS deals to suffer temporarily due to current regulatory activity, but it does see a silver lining in the increased scrutiny of the auto finance marketplace.
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Government Loses $9.26 Billion on Auto Bailout: According to a report released by the U.S. Treasury Department this week, the government lost more than $9 billion on its bailout of General Motors Corp., Chrysler LLC and auto lending arms Ally Financial Inc. and Chrysler Financial.
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GWC Warranty Expands Headquarters: The vehicle service contract and F&I product provider has expanded its state-of-the-art facility to almost 20,000 square-feet.
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Reading the Signs: Do you know who your customer is? The magazine’s objection-handling wiz lays out five customer profiles you need to quickly identify before handling any objection.
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F&I’s Holy Grail: An expert in windshield treatments says the two-decade-old product can deliver benefits no other protection can — that’s if it’s presented correctly.
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Predicting the Next Recession: The industry is five years removed from the Great Recession. Accounting expert says that means the next cycle is looming and offers his take on what that means for dealers.
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F&I and Showroom Magazine and FI-Magazine.com are written for dealers, owners and finance managers of new and used car and truck dealerships.
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F&I and Showroom is a publication of Bobit Business Media, based in Torrance, Calif.
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310-533-2496
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