IDDS Group Creates Awareness Around Regulatory Practices for Car Dealers
New York, NY – July 7, 2015 – IDDS Group, an automotive consulting company with over 50 years combined experience providing car dealerships with in-depth business support, today announced that it has expanded its services to assist dealerships with requiring certification for all employees in the finance and insurance (F&I) department as a part of a new Compliance Audit package. IDDS Group, which also offers F&I products, services, and training, has agreed to work with one of its dealer clients on establishing department wide certification through the Association of Finance & Insurance Professionals (AFIP), which is the sanctioning body for the F&I trade.
IDDS Group added the Compliance Audit to its product line in light of recent industry trends and overall customer demand and feedback it has received from its dealer clients. IDDS Group recognized the problem of not having finance managers certified, and are offering their assistance to alleviate consumer concerns. IDDS Group will work with its existing clients and potential customers nationally to implement the same service to their dealerships.
“Every dealership in the country is having internal meetings and discussions about F&I regulation within their company, so it was a no-brainer to add this to our services,” said Max Zanan, co-founder and CEO of IDDS Group. “We’re proud to champion this effort and look forward to certification becoming a standard practice for every car dealership in America. This will improve the industry, benefit both dealerships and consumers, and weed out all the bad apples in the field.”
IDDS Group’s new Compliance Audit comes on the heels of overall company momentum and expansion of its territorial servicing into new areas. IDDS Group has signed agreements with dealerships in Westchester, New York; Manhattan; and Northern Miami. It has also recently added Mercedes-Benz and BMW franchise dealers to its client list. These new relationships were formed as a result of dealer testimonials and referrals from its current client base.
After conducting an essential needs assessment with its newest customers, IDDS Group also recently developed a comprehensive action plan to increase a dealer’s revenue by optimizing its finance department, and insuring compliance. This helps generate new streams of income within their parts and service departments and improves their overall Customer Satisfaction Index (CSI) and retention.
About IDDS Group
IDDS Group provides consulting services to car dealerships across the country with a main focus on F&I products, sales, service and parts, and training. IDDS Group administers customized analysis of existing dealer operations in order to increase efficiency by producing a blueprint to implement such changes, ultimately resulting in an increase of net profit. Established in 2011, IDDS Group specifically looks after the needs and concerns of automotive dealers. Owned and operated by experienced automotive professionals who have spent a combined 50+ years strategically handling the affairs of dealerships, IDDS Group has helped several local dealerships to become regional leaders through astute analysis and sharp focus. With its experience and expertise, IDDS Group offers dealerships customized solutions that help them overcome hurdles and become much more profitable. Follow IDDS Group on LinkedIn, Twitter, and Facebook.