Top News

1  -  25  of  3197

September 22, 2017 - Industry News

Dealers More Optimistic About Used-Car Market vs. New

Photo via order_242/Wikimedia (Creative Commons)

Sentiment speaks to recent auto finance data showing prime and superprime car buyers shifting toward used, where the average monthly payment was $139 less than the record $504 average monthly payment for new in the second quarter.

Tags: auto finance, Cox Automotive, Experian Automotive, new-vehicle sales, used-vehicle sales

September 22, 2017 - Industry News

SouthwestRe, DAC Sold to Canada's iA Financial Group

iA Financial Group, one of the largest life and health insurance companies in Canada, has signed an agreement to acquire shares of third-party administrator SouthwestRe and its insurance arm, Dealers Assurance Co. The acquisition is expected to more than double the firm’s vehicle warranty business.

Tags: Dealers Assurance Company, F&I products, iA Financial Group, Jim Smith, reinsurance, SouthwestRe, vehicle service contracts

September 21, 2017 - Industry News

GWC Warranty Names New Chief Revenue Officer

The F&I product provider named Brian Stach to the post. The former vice president for Internet Brands will oversee all of GWC Warranty's field sales operations, including a nationwide team of area vice presidents, dealer consultants, and trainers.

Tags: F&I products, GWC Warranty, Used-Vehicle Service Contracts

September 21, 2017 - Industry News

House Republicans Say CFPB Prematurely Suspended Wells Fargo Investigation

House Republicans charged in a new report that the CFPB missed an opportunity to uncover Wells Fargo’s recently revealed insurance and GAP refund issues when it rushed to settle with the bank last year for opening unauthorized customer accounts. It also accused the bureau of withholding a memo backing its claims.

Tags: CFPB, House Financial Services Committee, Jeb Hensarling, Richard Cordray, Scandal, Wells Fargo, Wells Fargo Dealer Services

September 21, 2017 - Industry News

CitiFinancial Pays $907K to Settle Military Repo Charges

CitiFinancial has agreed to pay $907,000 to settle U.S. Department of Justice charges that it illegally repossessed vehicles sold to active-duty military members.

September 20, 2017 - Industry News

Hyundai Capital America Partners With AutoGravity

Beginning in the state of California, financing through Hyundai Capital America is now accessible to AutoGravity users searching for financing for Hyundai, Kia or Genesis.

September 20, 2017 - Industry News

Jumpstart: Interest in Luxury Sport, Coupe Segments Growing

Shoppers on Jumpstart Automotive Media’s portfolio of automotive publishers are gravitating toward the luxury sport, coupe, luxury sport sedan, and large SUV categories. But the two segments grabbing the most attention are alternative fuel vehicles and subcompact SUVs and CUVs.

Tags: BMW, Jaguar, Jumpstart Automotive, online shoppers, Toyota

September 20, 2017 - Industry News

TrueCar Partners With Team RWB to Support Old Glory Relay

TrueCar and Team Red, White & Blue have partnered to support Old Glory Relay, a 4,600-mile journey across America that will deliver a free van to a deserving veteran or active military member.

September 20, 2017 - Industry News

RoadVantage’s New Preferred LeaseCare Combines Active Protection With Lease-End Benefit

The new program combines the ‘as you drive’ benefits of the F&I product provider’s ancillary products, including dent-and-ding, windshield repair, interior/exterior repair, and key replacement, with a lease-end benefit.

Tags: dent-and-ding, F&I products, key replacement, lease, RoadVantage, windshield protection

September 20, 2017 - Industry News

Vast Adds Predictive Analytics Feature to CarStory Platform

CarStory Insights is a new feature that adds predictive analytics functionality to Vast’s artificial intelligence platform.

September 20, 2017 - Industry News

Gubagoo Adds Credit Check Capability to Live Chat

Gubagoo’s new Credit Pre-Qualification feature is designed to provide dealers with rich data they can use to prequalify customers during an online chat session.

September 20, 2017 - Industry News

Gubagoo Debuts Outbound Texting Capability

Gubagoo has launched Outbound Texting, a new feature designed to add permission-based SMS texting to the company’s ResQ mobile and desktop app.

September 19, 2017 - Industry News

Experian: Shift Toward Used Continues in Q2

The subprime pullback continued in the second quarter. However, the big news was the continued shift toward used by consumers with prime and superprime credit.

September 19, 2017 - Industry News

S&P/Experian: Auto Default Rate Registers Largest Increase Since December 2011

Despite the nine-basis-point increase, the auto loan default rate remains near levels recorded one year ago. However, declining auto sales and the normal end-of-year push to make room for newer models may encourage easier credit conditions and raise concerns about future defaults.

Tags: auto defaults, auto finance, new-vehicle sales, S&P/Experian

September 19, 2017 - Industry News

Hearst Autos Sets Up Shop in Atlanta

Hearst Autos now has a new, permanent office in the Antique Row district of Chamblee, Ga., near Atlanta. According to officials, the overall idea of the new office space was to create an innovative and inspiring environment.

September 19, 2017 - Industry News

TradeRev, AFC Partner for Zero-Interest Floorplan Promotion

Automotive Finance Corp. and TradeRev are encouraging dealers to ‘go digital’ by offering zero interest and no floorplan financing fees for 45 days on vehicles bought and sold on TradeRev.

September 19, 2017 - Industry News

Summit Place Kia Waterford Moves to Auburn Hills

Michigan’s No. 1 import dealership has moved into a new, state-of-the-art facility in Auburn Hills, Mich. The 27,000-square-foot facility sits on 10 acres and has the capacity to sell and serve more than 500 cars per month.

Tags: facility upgrades, Kia, New Dealership, Richard Lalonde, Summit Place Kia

September 18, 2017 - Industry News

AutoGravity Wins Top Prize in F&I Digital Media Awards

Sponsored by F&I Express, the awards program is designed to honor companies and individuals driving innovation in the digital F&I space.

Tags: AutoGravity, digital retailing, F&I Digital Media Awards, online F&I

September 18, 2017 - Industry News

Bill Leek Named President, COO of InterActiveTel

The former vice president of sales for Dominion Dealer Services will be responsible for leading the entire InterActiveTel organization, as well as maintaining business development partnerships and driving the adoption of the company's suite of communication products.

September 18, 2017 - Industry News

Client Command Launches Active Shoppers Network

Client Command’s new Active Shoppers Network was designed to generate more leads for auto dealers by delivering powerful audience data.

September 18, 2017 - Industry News

LotLinx Names John Gottschalk to Senior VP Post

Former FordDirect executive and 20-year industry veteran John Gottschalk has joined LotLinx as senior vice president of client relationships.

September 14, 2017 - Industry News

Trump Administration Streamlines Self-Driving Guidelines

Photo courtesy Waymo

U.S. Transportation Secretary Elaine Chao released a new set of voluntary federal guidelines for autonomous vehicles on Sept. 12 — a move the Trump administration said will make federal regulatory processes "more nimble to help match the pace of private sector innovation."

Tags: Autonomous Driving, Donald Trump, Fully Autonomous

September 14, 2017 - Industry News

Manheim, ADESA Resume Florida Operations

Photo courtesy NOAA

Manheim and ADESA reopened their Florida auction facilities last week, as Hurricane Irma moved north toward Tennessee.

Tags: ADESA, Auctions, Hurricanes, Manheim

September 14, 2017 - Industry News

Hurricane Irma Could Wipe Out 400,000 Vehicles

Photo courtesy Enterprise Holdings

As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox Automotive.

Tags: Hurricanes, Natural Disaster

September 14, 2017 - Industry News

AutoGravity Wins Grand Prize in F&I Digital Media Awards

AutoGravity capped off its two-category win in the 2017 F&I Digital Media Awards with recognition as the contest’s Grand Prize Winner at Industry Summit.

« Previous12345678910...127128Next »