EFG Companies

In this time of giving thanks, we give ours to you - our customers, partners, employees, and friends. We are grateful for you all. Wishing you all the best, and a very happy #Thanksgiving. #WhyEFG #RetailAutomotive #FandI

A recent @AutoNews article highlighted a CarEdge community survey revealing that 20 percent of consumers felt the #dealership was pressuring them to purchase accessories or #FandI coverage. With 500 respondents, the survey also found that 14 percent of buyers were dissatisfied with the F&I products available, centered around a lack of knowledge about the terms of the products. EFG training team to the rescue! As your #retailautomotive sales team focuses on year-end, keep your customer’s needs front and center. Don’t leave them confused…and you wanting more revenue. #WhyEFG

We have two service anniversaries this week. Congratulations to: Cody Castillo - 13 years Blake Ebenkamp - 6 years

Get to know Julia Karanian, Platform Development Manager!

The #powersports culture that encourages people of all ages to enjoy the outdoors is alive and well – even if recent sales at your #dealership don’t show it. Fortunately, analysts say the market is normalizing across nearly all powersports segments, including strength in #ATVs and side-by-sides. How does culture show up at your dealership? At EFG, respect for self, respect for ideas, and respect for the continued commitment to deliver value are key tenants of our culture. And we are proud to say that those characteristics were front and center in our annual employee survey administered by Energage, the company that powers the nation’s premier employer recognition program. See how you can boost these attributes at your dealership. Learn more https://bit.ly/3OaImbg #WhyEFG

Congratulations, Niki, on your 2 year service anniversary!

Are you looking for a soft landing at your #creditunion? While the #FederalReserve recently announced a quarter point interest rate reduction, #vehicle shoppers continue to struggle with affordability. Take an innovative mindset to give your customers more personalized #autoloan and #FandI options versus what might be available at the dealership. Innovation doesn’t just exist in terms of products and services - it lives within the culture of your credit union. And we know! For the eighth year in a row, EFG Company employees have ranked the company as one of the most innovative business services companies in North Texas, scoring higher than our industry peers. See how you can boost innovation at your credit union. Learn more https://bit.ly/3Z6RaFz #WhyEFG

Now is the time for your #sales and #FandI teams to go ‘beast mode’ on raking in that #PRU! Get those trade-in deals squared away and new units moving out the door. Remember, #consumers are keeping their #cars longer. Attach a certified pre-owned package and keep that profit where it belongs! #WhyEFG #RetailAutomotive

@Edmunds recently issued their Q3 2024 #autofinance data, revealing that the average trade-in carried a record amount of negative equity. Twenty-two percent of buyers with negative equity were more than $10,000 underwater on their existing loan. Why? A combination of high interest rates, high vehicle prices, falling trade-in prices, and long-term loans have created this #FandI conundrum. The solution? Make sure you are using all the levers to capitalize on the situation with the right protection and certified pre-owned products that put your #retailautomotive buyer in the best position and revenue in your pocket. #WhyEFG #Innovation

Get to know Scott Knapp, Senior Client Services Manager!