August 28, 2017 - Industry News
Craig Monaghan will step down as Asbury's president and CEO on Jan. 1 after nine years as the group's chief executive. David Hult, the company’s COO since November 2014, was named his successor.
Tags: Asbury Automotive, Craig Monaghan, David Hult, employment, hires
The NADA Foundation is calling on dealers and dealer association groups to donate online to its emergency relief fund. Dealership employees affected by the flooding can apply for financial assistance.
Tags: Hurricane Harvey, NADA Foundation
August 21, 2017 - Industry News
Three days after the New York attorney general's office reached settlement with a dealer for tacking on etch after customers agreed to prices for vehicles and often without their knowledge, New Jersey Attorney General Christopher Porrino reached an agreement with Sansone Hyundai to settle similar charges.
Tags: Christopher S. Porrino, compliance, Etch, New Jersey Attorney General, payment packing, Sansone Hyundai, vehicle service contracts
August 24, 2017 - Industry News
General Motors dealers who sell non-GM service contracts, parts and accessories must now disclose to their customers that the products are not backed by the automaker. Dealers who don’t comply face possible termination of their franchise agreement.
Tags: aftermarket accessories, California New Car Dealers Association, compliance, General Motors, NADA, National Automobile Dealers Association, Regulations, vehicle service contracts
Replacing Kulas, who was named CEO in July 2015 and president in February 2016, is Scott Powell, who will maintain his titles as CEO of Santander Holdings USA Inc. and as Santander Group's United States country head.
Tags: auto finance, compliance, Santander Consumer USA
August 29, 2017 - Industry News
In a surprise addition to the P&A Leadership Summit agenda, Matthew Bartle and David Marcus of Bartle & Marcus LLC will address General Motors’ recent directives regarding the sale of non-OEM parts and service contracts.
Tags: Administrators, F&I product provider, F&I products, General Motors, PALS
September 7, 2017 - Industry News
Income development company SouthWest Dealer Services (SWDS) has acquired Spokane, Wash.-based Evergreen Dealer & Insurance Services (Evergreen). Financial terms of the transaction were not disclosed.
Tags: F&I products, F&I training, general agents, Southwest Dealer Services
The new website widget calculates and displays six different payments to vehicle shoppers in under three seconds, according to company officials. It is designed to work within the search results page and vehicle details page levels of a dealer's website.
Tags: digital retailing, online F&I, Pearl Technology, ShowroomXpress
August 16, 2017 - Industry News
The office of New York Attorney General Eric Schneiderman announced that Nissan of New Rochelle will pay $298,211 in restitution, penalties and fees to settle claims the dealership charged hundreds of car buyers thousands of dollars for an ‘unwanted and bogus’ theft-deterrent product.
Tags: compliance, Eric T Schneiderman, Etch, F&I products, New York, Nissan of New Rochelle, payment packing, Total Loss Protection
August 30, 2017 - Industry News
Pearl Technology’s ShowroomXpress car-buying platform now features Kelley Blue Book’s Instant Cash Offer for online and showroom customers.
August 26, 2017 - Industry News
New research by Xtime shows a connection between online service-appointment scheduling and customer loyalty.
September 6, 2017 - Industry News
According to the American International Automobile Dealers Association, Hyundai and Nissan registered significant sales declines in August, while Subaru, Toyota, Volkswagen, and Volvo finished the month on a high note.
Tags: American International Automobile Dealers Associat, Hurricane Harvey, Hyundai, Nissan, Subaru, Toyota, Volkswagen, Volvo
DealerSocket CEO Jonathan Ord is stepping into a new role within the company he co-founded in 2001. Replacing him as president and CEO is Sejal Pietrzak
Tags: CRM, DealerSocket, desking, digital retailing, Jonathan Ord, online F&I
August 31, 2017 - Industry News
Black Book issued its estimate days after Cox Automotive Chief Economist Jonathan Smoke said the number of damaged vehicles could reach half a million. With Harvey coming ashore near the Texas-Louisiana border on Wednesday, forecasts remain fluid.
Tags: Auto Auctions, Hurricane Harvey, Hurricanes, Retail Sales, Wholesale Pricing
The latest Blue Sky Report from Kerrigan Advisors counts 200 transactions in the first half of 2017 and predicts increased dealership buy/sell activity in Q3 and Q4.
The media, insights and marketing solutions provider reported today that the share of interest for entry luxury sedans increased 9% from a year ago across its portfolio of automotive websites.
Tags: Jumpstart Automotive
August 22, 2017 - Industry News
Roadster is on the move. The startup has secured $7.25 million in additional funding and added the largest Toyota dealership in the world to its digital retailing platform.
Tags: digital retailing, online F&I, Roadster, showroom, technology
Houston auto auctions are slowing coming back online after assessing the impact of Hurricane Harvey.
Tags: ADESA, America's Auto Auction, Houston Auto Auction, Hurricane Harvey, Manheim
September 8, 2017 - Industry News
CDK Global and ActivEngage Inc. have partnered to launch Concierge Chat, a new feature built into CDK’s Next Gen websites.
Client Command has earned recognition as one of Inc.’s 5,000 fastest growing companies for the sixth consecutive year.
Aside from the promotion of Nieves, who has been with the company for more than 20 years and previously served as national accounts manager, AUL announced the promotion of Henry Paoli to national sales manager.
Tags: AUL Corp., F&I manager, F&I products, used vehicles, vehicle service contracts
The F&I program provider released a series of non-brand-specific videos designed to raise consumer awareness about nine F&I protections and the value they provide vehicle owners. The videos can be downloaded for free and posted to a dealer’s website or played in a dealership’s waiting room.
Tags: digital marketing, F&I office, F&I process, online F&I, RaodVantage
A new report from Jumpstart Automotive Media shows that longer term digital marketing campaigns earn higher click-through rates, diminishing the dealer’s cost per lead.
ProMax Unlimited’s John Palmer will present ‘Soft Pull Technology: Best Practices for Both Digital Marketing and Showroom Traffic’ as part of the Special Finance portion of the Industry Summit agenda.
Tags: auto finance, John Palmer, lead generation, ProMax Unlimited, Soft Pull
September 14, 2017 - Industry News
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
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