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Tag Archives: digital

Updated e-sign guidance could propel digital retailing

Modernizing the legal framework surrounding digital signatures is of utmost importance for automotive retailers and lenders, particularly in the age of the coronavirus. A new piece of federal legislation has the potential to update an older law covering digital signatures in financial transactions and bring the statute into the 21st …

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Consumers with negative equity struggle with digital deals, retailer finds

Before COVID-19 shelter-in-place orders necessitated digital sales and remote deliveries, Lithia Motors Inc. recognized the majority of its consumers struggled in digital environments. Consumers in positive equity positions with their trade-in vehicles and perfect credit scores are least likely to require assistance with the process, executives said. The Medford, Ore., …

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Pandemic speeds up F&I digital training shift

Legions of representatives, trainers and specialists travel to dealerships across the country every year, visiting personnel and conducting training sessions. Adjusting to the impact of the coronavirus pandemic has been difficult for many of these companies that, just as many of the dealership clients they serve, have pivoted entirely online …

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F&I scrambling to join digital world

A few months ago, virtual finance and insurance presentations were little more than rumors in the auto retail world. Select dealerships were piloting digital presentations and a handful of F&I product companies and dealer service programs were conducting tests in limited markets. But the spread of COVID-19 shocked the U.S. …

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Where does F&I fit in the digital retailing puzzle?

Digital retailing is one of the hottest trends reshaping auto retail. Dealers, vendors and automakers all are vying to help customers finish at least part of their vehicle purchase outside a showroom. Yet despite the energy coalescing around digital — and the Amazon-like customer experience comparisons it elicits — there …

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