Finance and Insurance managers are an integral part of every vehicle dealership, new or pre-owned. They do not only enable customers to receive a full service in terms of financing and insurance for a vehicle purchase, but also drive dealership profitability.
Share with friends
Lightstone Auto, in an effort to highlight and reward the hard work of F&Is, has just celebrated its first annual Star Reacher Awards. With these awards, the F&Is performance is measured for their contribution to the sale of value-added products & services within their respective dealerships.
This is the first-of-its-kind incentive programme available exclusively to Lightstone users and clients through their bespoke Signio platform, which was launched during April 2021.
Pieter Wessels, Managing Director at Lightstone Auto, congratulated all the winners and runners-up in the inaugural programme. “Their achievements are exceptional as the competition was tough, with more than 700 F&I managers competing in the programme from across South Africa.”
The programme measures F&I managers’ performance across five key focus areas that encourage industry excellence and drive digital adoption in the industry. Every quarter, winners in each category are awarded prizes and this culminates in an annual awards ceremony where overall performance over the 12-month period is recognised.
Wessels says: “At Lightstone, Auto we believe in the value and impact F&I managers have on a motor dealerships’ profitability, and this programme creates an opportunity to recognise and celebrate top performing F&I managers. I look forward to this annual programme becoming a highlight in South African dealerships’ calendars.”
The overall winners received holiday prizes to the value of R30 000 each and the runners-up received experience-based prizes to the value of R8 000 each.
* F&I managers are linked to their dealers, who are segmented into categories based on average monthly sales volumes. This ensures that F&I managers compete with colleagues at dealerships with similar sales volumes. The categories are segmented as follows:
Volvo Car South Africa’s position at the forefront of the fast-growing new-energy vehicle space has been cemented, this time by the fact that the XC40 Recharge was the country’s most sold used electric vehicle in 2023, according to data from AutoTrader.
A total of 21 winners received awards at the Mercedes-Benz Vans Agent and Dealer of the Year ceremony. The manufacturer also celebrated record-breaking worldwide sales and excellent local results.
Kia updated its Seltos range bringing it in line with the rest of its siblings in its SUV/Crossover ranges. The Seltos fits in between the smaller Sonet and the bigger Sportage ranges.
With their second and third shipments on their way, the newly introduced LDV already has vehicles ready for their first customers. The company is also well on its way to establishing a dealer network across the country and still has availability for dealerships in certain areas.
Nissan Zimbabwe spokesperson, Lucas Taruvinga, Amtec Motors CEO, has welcomed the Nissan Daring Africa 2024 expedition team to Zimbabwe. The crew, in their four Nissan Navaras and X-Trail support vehicle, are well into their eight-country odyssey across Africa.