Who Is Your Canary In The F&I Gold Mine?
A leader among automotive consulting companies
Do you want to increase the profitability of your dealership?
Your F&I department, producing 30-50% of your net income, is your gold mine.
What is your canary in the gold mine? What warns you of impending disaster?
Your F&I department helps consumers manage risk; how do you manage the risks inherent in the F&I function?
Here are some best practices for monitoring the risks in the F&I department:
1. An F&I review committee that meets regularly and reviews…
2. Trend metrics — how is your department performing over time on:
a) PVR
b) Penetration
c) Turnover
3. The manager of F&I must be able to stand up to management, F&I managers and ownership.
4. Assuring you are complying with Federal and State Regulations.
5. The Director of F&I must not only use strong analytics, but also ask “Columbo”-type questions.
F&I risk management needs to combine left- and right-brain thinking. It’s easier, faster and cheaper to build the intuitive capability.
Vanguard can help you develop and implement the proper F&I risk-control system.
F&I Products That Get Results
Vanguard stays on the forefront of new F&I products to improve dealerships’ sales, profits, CSI scores and customer retention rates. We also specialize in delivering measurable business results through significant reinsurance benefits.
Profitability experts at your service
Our commitment to dealership profitability, coupled with the exceptional delivery of F&I products and services have made Vanguard Dealer Services an integral element in the success of a rapidly growing base of automobile dealers.
Contact us today to discover how Vanguard Dealer Services can enhance your dealership’s F&I profitability.
A Superior Automotive Consulting Group
Clients who choose Vanguard Dealer Services enjoy a peace of mind that can only be offered by our qualified team of retail automotive and F&I experts who stay on the cutting edge of product knowledge, legal compliance and F&I training requirements. As an automotive consulting company, we are committed to providing superior customer service, treating each customer with the responsiveness and flexibility that have come to define Vanguard Dealer Services as a leader in the automotive F&I industry.
