Credit - Pinnacle Dealer Solutions

THIS IS HUGE — U.S. House Votes To Curb CFPB Lending Guidance

11MayOctober 26, 2018 By Bridget Houston

Good to see common sense reform for Automotive Dealers, THIS IS HUGE! Check out this article for my information. We can help your dealership with our real-world solutions from F&I Training to Compliance checks. Email us at info@pinnacledealersoultions.net Let’s Connect! Twitter: https://twitter.com/pinnacledealers Facebook: https://www.facebook.com/pinnacledealersolutions/ Linked In: https://www.linkedin.com/company-beta/12897853/ Website: https://pinnacledealersolutions.net/staging/7467 How can we find you?

Always Hire For Attitude

25Apr By Bridget Houston

2018 Online Auto Sales & Security

19JanJanuary 15, 2018 By Bridget Houston

Digital retail and finance are continuing to grow in 2018. This growth also means that the Automotive Retail industry needs to expand cyber security efforts in 2018. Fraud was a big topic in 2017. Major breaches put many dealers and customers in bad positions. These criminals are just getting smarter. Malware discovered in F&I departments…

Subprime in 2018

01Jan By Bridget Houston

Automotive loan balances expected to continue to grow in 2018. Serious delinquencies are also on the rise. The shift in lending toward lower risk consumers will help cushion the market over the next few quarters. Read below for the full report. TransUnion: Subprime Pullback to Continue in 2018 We can help your dealership with our…

A Way Around “No, thank you”

08Dec By Bridget Houston

We bring up these same few points every month or so because how important yet simple they are. When it comes to F&I Professionals, there are a few things that separate the average from the great. A lot of those things come into play after you hear the words ‘No, thank you.’ A great F&I Professional…

CFPB Changes & New NCLC Report

26NovDecember 1, 2017 By Bridget Houston

What do the new CFPB regulation changes mean & what how will the NCLC report come into play? A report from the National Consumer Law Center revealed inconsistent and discriminatory price markups on F&I products over a span of six years in all 50 states and the District of Columbia. The data set included information on…

Protecting Your Dealership From Fraud Pt. 2

17NovDecember 1, 2017 By Bridget Houston

Fraudulent automotive purchases are not slowing down & the repercussions for these deals are as damaging as ever. Even dealers with preventative programs in place are at risk. You need to make sure your dealership is asking the right questions, following the correct processes & keeping an eye out for red flags that suggest that…

Subprime Near-Record Low in Q2

21OctDecember 1, 2017 By Bridget Houston

Automotive loans hit a record high in the second quarter of $1.1 trillion while subprime hits near-record low. Deep subprime hit a record low of 3.45%. What do you think? Will these trends continue or will lenders loosen the reigns? Subprime Pullback Continues in Q2 by Melinda Zabritski We can help your dealership with our real-world…

To Infinity & Beyond With F&I Service

25Aug By Bridget Houston

When it comes to great service, there are a lot of things that you can do. If are able to arm yourself with the knowledge of your craft, you can truly conquer any situation. Always keep your customer’s need & desires in the fore front of your mind. Use your resources to create customized solutions…

Trump, GOP Congress may curtail CFPB oversight of auto lending

09NovJune 27, 2017 By Bridget Houston

After a contentious and unpredictable election, Donald Trump’s incoming presidency and a continuing Republican-led Congress may be a win for dealers and auto lenders hoping to curtail auto lending guidance by the Consumer Financial Protection Bureau. A bill to limit the CFPB’s guidance, H.R. 1737, or the Reforming CFPB Indirect Auto Financing Guidance Act, passed…