Executive Spotlight with Chris Forgione of Formula Automotive

Main Navigation

Advertisement
Social Connect
Resources
Our Brand Family
AutoSuccess Online
The No. 1 Sales-Improvement Source for the Automotive Professional
Executive Spotlight

Executive Spotlight with Chris Forgione of Formula Automotive

Do you regularly review and maximize your reimbursement rates to ensure efficiency and profitability? No? Then tune in!

Avatar
By Brian Ankney
Brian Ankney is a multimedia account manager for Babcox Media. He also hosts the AutoSuccess Executive Spotlight series.
Published:

In the AutoSuccess Executive Spotlight, host Brian Ankney discusses warranty rate disparity in automotive dealerships with Chris Forgione of Formula Automotive. Forgione explains that this disparity stems from the difference in reimbursement rates between manufacturers and what state laws allow dealerships to charge for warranty work. He highlights the substantial financial impact for dealers who optimize their reimbursement rates, noting that adjustments in parts markup and labor rates can significantly increase monthly profits.

Related Articles

Forgione stresses the importance of dealerships regularly reviewing and maximizing their reimbursement rates to ensure financial efficiency and profitability in their service departments.

Watch the video above to learn more about this and more!

For more Executive Spotlight interviews, click here or subscribe to our YouTube Channel.

You May Also Like

Shannon Wischmeyer and Travis Siebert of Dealer Pay
The 2024 Time Dealer of the Year shares her journey from pioneering automotive fran-chises to overcoming industry challenges as a woman, while emphasizing the impact of philanthropy and the mantra "persistence removes resistance" in her successful career.
Executive Spotlight

Executive Spotlight with Tyler Nathan of TBF / Jupiter Warranty Management

Tune in to learn about how their service simplifies the process for dealerships, allowing management to focus on more critical aspects of service department operation.

Avatar
By Brian Ankney
Brian Ankney is a multimedia account manager for Babcox Media. He also hosts the AutoSuccess Executive Spotlight series.
Published:
Executive Spotlight with Tyler Nathan of TBF / Jupiter Warranty Management

In this Executive Spotlight interview, Tyler Nathan of TBF / Jupiter Warranty Management, speaks with AutoSuccess’ Brian Ankney about the specialized service of warranty administration for dealerships.

Nathan explains that, contrary to common misconceptions, their company doesn't sell warranties but instead helps dealerships manage and submit warranty claims to OEMs for payment. Dealerships traditionally handle these internally, but outsourcing can alleviate pressure on staff, ensure more comprehensive compensation for claims, and provide audit protection.

Read Full Article

More Executive Spotlight Posts
Executive Spotlight with Ben Chodor of CallRevu

Ben’s insights provide a clear picture of how AI and machine learning are not just modernizing auto dealerships but are also crucial in shaping their future toward greater efficiency, enhanced customer engagement and increased sales performance.

By Susan Givens
ben chodor - ceo of callrevu
Executive Spotlight with AJ McGowan of AutoVision

AJ and Brian discuss the challenges in managing used vehicle inventory, particularly with recent market volatility, inventory shortages and high prices.

By AutoSuccess Staff Writers
Executive Spotlight with AJ McGowan of AutoVision
Executive Spotlight with Mark Begley of Autosoft DMS

With his extensive experience, Mark offers unique insights into the intricate workings of both the front-end and back-end operations of dealerships.

By Brian Ankney
Executive Spotlight with Mark Queen of SKAI Vision

Mark explains how managers can monitor and improve service cycle times.

By Brian Ankney
Mark Queen of SKAI Vision

Other Posts

WarrCloud Chosen as Warranty Processing Provider for FordDirect’s The Shop

WarrCloud enhances warranty revenue by identifying all entitled line items, concurrently reducing processing expenses and expediting payment processes.

By Jennifer Clements
Unlocking Your Dealership’s Hidden Revenue: The Power of Warranty Reimbursements

Partnering with a qualified vendor to ensure you receive what you’re legally owed is more than just advantageous — it’s a necessity.

By Chris Forgione
Unlocking Your Dealership's Hidden Revenue: The Power of Warranty Reimbursements
Top 3 Ways to Avoid Warranty Audit Headaches in 2024

Avoiding warranty claim debits can be a daunting task, fraught with complicated processes and procedures.

By Joe McCue
warranty audit headaches
Executive Spotlight with Euwart Anderson of Vehlo

Euwart shares insights on how the Rapid Recon and Velocity Automotive acquisitions provide more value to dealers, with an emphasis on efficient, low-touch integration of technologies to improve customer and employee experiences in service lanes.

By Brian Ankney
Euwart Anderson from Vehlo. Anderson, as the Executive Vice President and General Manager of Vehlo's dealership division, discusses the structure and objectives of Vehlo, which comprises 16 brands across three divisions: dealership, payments and aftermarket. He emphasizes the importance of focusing on customer needs and offers insights into Vehlo's strategic acquisitions, particularly in the reconditioning space with Rapid Recon and Velocity Automotive.