Automotive News

Keeping track of F&I chargebacks

Have an opinion about this story? Click here to submit a Letter to the Editor , and we may publish it in print. As dealers work to bolster F&I profits, it's vital they keep a close watch on chargebacks. Dealerships can be charged back, or asked to repay, commissions received for performing two F&I functions: negotiating car loans that end prematurely, such as through refinancing or default; and selling F&I products that customers later cancel. While dealers can't prevent all chargebacks, they
Mobil Oils

Automakers adopt start-stop systems | Mobil™ Motor Oils

Automakers hope start-stop systems will satisfy consumers’ love for large, high-powered cars while also meeting the Environmental Protection Agency’s fuel economy standards mandating car fleets average 54.5 mpg by 2025. This technology has gained popularity in the past few years as automakers inch toward the 2025 fuel economy deadline. In fact, some experts predict start-stop systems will be in all new cars within a decade. Here are a few things you should consider about start-stops and how they
Extra Mile

The Road Less Traveled: Country Driving Vs. City Driving

Your driver’s license and years of behind-the-wheel experience have prepared you to face the difficulties of any road—in theory. But, driving on city roads offers very different challenges compared to driving on country roads, as urban and rural areas differ on a number of factors. For example, city roads may be well-maintained, but are often congested with vehicles, cyclists, pedestrians, and other obstacles, whereas country roads may be poorly maintained and very isolated. And the difference

Why It’s Time to Snap Up a Good Used Car

If you dream of finding a nice used — but not abused — car at a reasonable price, it is just about time for you to shop. Auto dealers expect a flood of used cars­ – about 800,000 – to come into dealerships this year as a record number of leases mature, according to NADA Used Car Guide, a Division of J.D. Power. The influx of such “pre-owned” cars – adding about 33 percent to what is currently available — is expected to continue through 2018. That influx is expected to drive down used-car price

Driving The Best Deal For Your Wallet

Shop for a car like a pro with these insider tips A great way to navigate the car-buying process and snag a deal is to think like a car salesman. We’ve gathered some of the best tips that auto insiders give their family and friends. But heed this caveat offered by Keith McKinzie, Chevy dealer at Sonju Two Harbors, Minnesota: “The public has a lot of information when they buy cars, but buying a car is an emotional purchase. Don’t let emotions dictate your purchase.” With that piece of advice in m
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