{"id":1210,"date":"2016-09-21T07:00:33","date_gmt":"2016-09-21T12:00:33","guid":{"rendered":"http:\/\/efgintelligence.com\/dealershipcorridor\/?p=1210"},"modified":"2016-09-20T15:24:02","modified_gmt":"2016-09-20T20:24:02","slug":"innovator-competition-competitors-mentors","status":"publish","type":"post","link":"https:\/\/efgintelligence.com\/dealershipcorridor\/innovator-competition-competitors-mentors\/","title":{"rendered":"EFG Companies and Northwood University Announce Student Competitors and F&I Mentors in 2016 F&I Innovator of the Year Competition"},"content":{"rendered":"

\"2016<\/a>Students compete for $25,000 and the chance to see their F&I product in the market<\/h4>\n

EFG Companies, the innovator behind the award-winning Hyundai Assurance program, together with Northwood University, today announced the student competitors and F&I mentors participating in the second annual F&I Innovator of the Year competition.<\/strong> Vying for $25,000 in prize money, this year\u2019s 18 contestants hail from Arizona, California, Illinois, Indiana, Michigan, New Jersey, Pennsylvania, and Wisconsin. For more information on the competition, visit http:\/\/bit.ly\/Inn0v8te<\/a><\/p>\n

The credit-based competition pits six teams of Northwood\u2019s automotive students to conceptualize and build a new F&I product. Each team is mentored by an F&I director, and the competing teams develop a business case for their new F&I product that incorporates industry research, market viability, and the product\u2019s potential to facilitate F&I product sales in franchise dealerships.<\/strong> The teams will also keep weekly, YouTube video diaries of their progress, challenges and breakthroughs.<\/p>\n

\u201cThe mentors\u2019 industry experience is invaluable in guiding the competitors on the real-world challenges facing dealerships today,\u201d said John Pappanastos, president and CEO of EFG Companies. \u201cFrom changing consumer purchasing behaviors, to increased FTC and CFPB compliance oversight, and a call for enhanced transparency, these mentors will impart a wealth of knowledge that spurs innovation among the students.\u201d<\/strong><\/p>\n

The teams and mentors include:<\/h4>\n


\n\"students-and-mentors\"<\/a><\/p>\n

Each year, Northwood selects the best and brightest students from the Automotive Marketing and Management Program to participate in the F&I Innovator of the Year competition. To be eligible for participation, each student must maintain a 3.0 GPA, and hold internships or extracurricular activities in the automotive industry.<\/strong><\/p>\n

The competition runs through November 11, 2016, when a panel of leading dealer principals and EFG executives will judge each team\u2019s business case. EFG Companies will award the winning team $25,000, and will develop the winning F&I product for the retail automotive market.<\/strong> The company will also return a percentage of the product\u2019s revenue to Northwood University.<\/p>\n

Visit http:\/\/bit.ly\/Inn0v8te<\/a> to learn more about the F&I Innovator of the Year Contest, watch this year\u2019s Innovator video submissions, and follow @EFG_NWInnovator on Twitter for the latest competition news.<\/p>\n","protected":false},"excerpt":{"rendered":"

Students compete for $25,000 and the chance to see their F&I product in the market EFG Companies, the innovator behind the award-winning Hyundai Assurance program, together with Northwood University, today […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[344],"tags":[183,349,270,313,346,269,196,347,348],"class_list":["post-1210","post","type-post","status-publish","format-standard","hentry","category-2016-innovator-of-the-year-competition","tag-bob-moore-auto-group","tag-central-maine-auto-group","tag-davis-moore-auto-group","tag-efg-companies","tag-fi-innovator-of-the-year-competition","tag-hanlees-auto-group","tag-northwood-university","tag-nyle-maxwell-auto-group","tag-rohrich-auto-group"],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p7hsqu-jw","jetpack-related-posts":[],"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/1210","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/comments?post=1210"}],"version-history":[{"count":3,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/1210\/revisions"}],"predecessor-version":[{"id":1214,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/posts\/1210\/revisions\/1214"}],"wp:attachment":[{"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/media?parent=1210"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/categories?post=1210"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/efgintelligence.com\/dealershipcorridor\/wp-json\/wp\/v2\/tags?post=1210"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}