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October 22, 2018 - Industry News

Dealertrack Expands Hyundai/Kia Partnership

Dealertrack announced plans to expand its partnership with Hyundai Motor Finance and Kia Motors Finance, including a streamlined F&I process.

October 22, 2018 - Industry News

Cox: Mobility Will Reduce Dealership Count

A Cox Automotive survey found that dealers are even more certain than consumers that emerging trends will reduce vehicle sales, but few believe mobility will bring about the end of the current auto retail model.

October 17, 2018 - Industry News

Equifax: Vehicle Sales Down, Borrowing Up

Car buyers were financing more at the midway point of 2018 than they did in 2016, when record new-vehicle sales were made, according to new data from Equifax.

October 2, 2018 - Industry News

KBB: Average New-Car Transaction Price Up 2%

Honda, GM, and Ford were among the top-performing factories in September, helping to drive an average gain of 2% in new-vehicle prices compared with the same month last year.

September 26, 2018 - Industry News

Spireon: Impounds a ‘Billion-Dollar Problem’ for Dealers

Spireon has released ‘Impound Storage Fees, a Billion-Dollar Problem,’ a new study billed as the first to address the steep costs rampant impounds generate for dealers, finance sources, and car buyers.

September 25, 2018 - Industry News

Karma to Open Dealerships in Seattle, Chicago, SoCal

Electric vehicle manufacturer Karma is set to open new dealerships in Seattle, Chicago, and Westlake Village, Calif.

September 13, 2018 - Industry News

J.D. Power: In-Vehicle Tech Shows Improved Adoption, Reliability

In-car multimedia technology still vexes vehicle owners, but some automakers are showing strong improvement, according to a new study from J.D. Power.

September 10, 2018 - Industry News

Dealer Poll: Tariffs Are Bad for Business

A recent Cox Automotive poll finds a majority of franchised U.S. auto dealers believe new tariffs on imported vehicles would negatively affect their businesses and lead to higher prices for all new vehicles.

September 7, 2018 - Industry News

Ganther to Tackle MLA, CFPB, Employee Privacy at Compliance Summit

Attorney, dealer compliance expert, and Compliance Summit regular Jim Ganther will take on such pressing topics as the Military Lending Act revision, compliance in the post-CFPB era, and employee privacy in a workshop session at the upcoming event.

September 3, 2018 - Industry News

Report: Trump Tax Cuts Affect Reinsurance Profits

A new report from Portfolio details the effects of the Tax Cuts and Jobs Act on the six most common reinsurance program types and explains why at least one is now no longer advisable for most dealers.

August 31, 2018 - Industry News

David Lewis to Keynote Industry Summit 2018

The event designed to ‘Protect the Future of F&I’ will feature a keynote address by trainer David Lewis, who will teach dealers and F&I professionals how to improve their production by $350 per copy.

August 27, 2018 - Industry News

‘Ask Frenchy’ to Win a Free Trip to Industry Summit

Dealers and F&I professionals are invited to submit their most challenging customer objections to IAS’s Eric ‘Frenchy’ Mélon for a chance to win free registration, hotel room, and recognition at this year’s Industry Summit, which heads to Orlando, Fla., in October.

August 22, 2018 - Industry News

O’Loughlin to Deliver Post-CFPB Keynote at Compliance Summit

Attorney, compliance expert, and former Florida dealer regulator Terry O’Loughlin will address the new regulatory environment in his keynote address at the upcoming Compliance Summit in Orlando, Fla.

August 17, 2018 - Industry News

LoJack: Dead Batteries Kill Lead Conversion, Service Retention

A new report from LoJack details how dead batteries and missing inventory can slow the sales process and cost dealers fixed ops revenue.

August 2, 2018 - Industry News

Zero Percent Finance Deals Drop to 13-Year Low

Edmunds reports loan interest rates sustained near-record highs in July as automakers make the shift away from traditional summertime financing deals.

July 31, 2018 - Industry News

Retail Fraud Volume and Cost Up Sharply in 2018

LexisNexis Risk Solutions finds auto dealers and other retailers are facing fraud on an unprecedented scale, including a 30% increase in the number of successful fraudulent transactions since 2017.

July 30, 2018 - Industry News

Modern Collectibles: Discontinued Values Vary Wildly

A new report from Black Book uncovers the reasons behind recent product cancelations and shows that no two discontinued models depreciate alike.

July 30, 2018 - Industry News

Vegas Dealer Family Inspires Award-Winning Film

Life Story Media’s ‘Driven By Integrity: The Gaudin Family Story’ was honored in two categories at the 39th annual Telly Awards.

July 27, 2018 - Industry News

Audi to Open e-tron Sales Sept. 17

U.S. car buyers can configure and reserve their version of Audi’s first all-electric vehicle for the first time on Sept. 17, the same day the still-veiled 2019 e-tron SUV will make its global debut at a San Francisco event.

July 24, 2018 - Industry News

Swapalease Users Name Best 'Glamping' Vehicles

A state-by-state survey of Swapalease users yielded a list of five trucks and SUVs consumers say are suited to camping in style.

July 11, 2018 - Industry News

DCA Winners to Be Honored at Industry Summit

Winners of the 2018 Dealers’ Choice Awards will be recognized in a special ceremony at Industry Summit in Orlando this October.

July 9, 2018 - Industry News

NY AG: Brooklyn Dealership Targeted Non-English Speakers

Bay Ridge Honda has agreed to pay $423,000 in restitution and penalties to settle charges of deceptive acts and practices that followed dozens of complaints from aggrieved customers, many of whom are non-English speakers.

Tags: compliance, Deceptive Practices, fraud, Payment Packing, UDAP, Unfair Practices

June 21, 2018 - Industry News

Jeep Cherokee Tops 2018 American-Made Index

Four of the top 10 2018 ‘most American’ vehicles in Cars.com’s latest rankings are built by foreign-based factories, but Jeep claimed the No. 1 spot for the second consecutive year.

June 21, 2018 - Industry News

Michigan Leads Nation in Repair Affordability

CarMD analysts say Michigan remains the most affordable state for ‘check engine’ repairs with an average total light repair cost of $333.

June 19, 2018 - Industry News

New NY AG Settles With Queens Dealer Group

Recently appointed New York Attorney General Barbara Underwood has settled charges of deceptive practices against a four-rooftop, Queens-based dealer group.

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