Top News

January 23, 2017 - Industry News

Ford Credit Invests in Online Car-Buying Platform

The captive announced a new connection to San Francisco-based AutoFi, which provides a platform that allows customers to purchase and finance a new vehicle via the dealership’s website.

Tags: AutoFi, digital retailing, F&I products, Ford Credit, Online Buying

January 30, 2017 - Industry News

Experian Announces New Senior Vice President of Automotive Sales

The information services firm announced that John DeMarco has joined the company as senior vice president of automotive sales. He brings 27 years of leadership experience, having held a number of senior leadership roles at firms like CDK Global and Ford Motor Co.

Tags: CDK Global, Experian Automotive, Ford Motor Co., John DeMarco

February 7, 2017 - Industry News

Rico Glover to Speak at NYC Event

ADT contributor Rico Glover and his team from Bryan Honda will deliver a presentation on dealership digital marketing in New York City next month.

February 3, 2017 - Industry News

President Trump Orders Review of Dodd-Frank

President Donald Trump took his first step toward making good on his promise to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, signing on Friday an executive order directing the secretary of the Treasury to review the 2010 financial oversight law.

Tags: Consumer FInancial Protection Bureau, Dodd-Frank Act, Donald Trump, Richard Cordray

January 30, 2017 - Industry News

VinSolutions Announces New Integration with Dealertrack

The integration has resulted in a new upgrade for VinSolutions Connect Desking tool. Called Rates & Residuals, the new feature allows users to structure deals for new and pre-owned vehicles by accessing incentives, rates, and captive and noncaptive lending programs within VinSolutions.

Tags: auto finance, CRM, Deal Structuring, Dealertrack, Desking, VinSolutions

January 27, 2017 - Industry News

Industry Summit 2017: Big Value in Big D

Industry Summit moves to Dallas in September for its biggest annual event yet. It is scheduled for Sept. 11–14, 2017, at the Gaylord Texan in Grapevine, Texas.

January 31, 2017 - Industry News

Black Book: The Analytics Age Is Upon Us

Black Book has released a new white paper about the different types of data analytics and how automotive industry professionals are using them.

January 24, 2017 - Industry News

CDK, Darwin Team Up on New F&I Menu System

The new F&I menu system will be marketed and sold as CDK MenuVantage Platinum. It uses "prescriptive selling," a patented technology that uses inputs from consumer, vehicle, deal and third-party sources, to tailor F&I product presentations to individual car buyers.

Tags: CDK Global Inc., Darwin Automotive, F&I manager, F&I menu, F&I products

February 2, 2017 - Industry News

Senate Republicans Introduce CFPB-Restructuring Bill

Senate Republicans have reintroduced legislation aimed at replacing the CFPB’s single-director structure with a five-member bipartisan board. The bill was unveiled as Congressional Democrats and state regulators pledged to defend Director Richard Cordray and his agency.

Tags: Consumer FInancial Protection Bureau, Dodd-Frank Act, Donald Trump, Richard Cordray

January 11, 2017 - Industry News

Head of Wells Fargo Dealer Services Set to Retire this Year

Wells Fargo announced this week that Dawn Martin Harp, the head of Wells Fargo Dealer Services, is set to retire this year, after more than 20 years of service.

Tags: Retirement, Wells Fargo, Wells Fargo Dealer Services

February 8, 2017 - Industry News

Jumpstart: Alfa Romeo, Ford, Kia Had Best Super Bowl Commercials

Alfa Romeo's "Dear Predictable" ad took the top spot in Jumpstart's rankings of Super Bowl car commercials. Photo courtesy Alfa Romeo USA

Jumpstart Automotive Media released its annual report listing the Super Bowl car commercials that drove the most online engagement.

January 30, 2017 - Industry News

eLEND Study: Mobile Technology Adoption Hampered by Resistance to Change

Sixty percent of respondents to the technology provider’s dealer survey indicated that they are not considering using tablets in either their sales or F&I departments. Aside from resistance to change, respondents cited cost and an undefined ROI as reasons for not using mobile tablets.

Tags: digital retailing, eLend Solutions, tablet menu, technology

January 30, 2017 - Industry News

Advent DMS Adds myCarfax Tools

Dealers now have access to myCarfax Service Shop tools through Advent Resources' DMS. The collaboration was designed to make resources such as Carfax Service History Check and Carfax QuickVIN available to Advent dealers immediately.

February 8, 2017 - Industry News

F&I Delivers for Asbury in Q4 2016

The group’s F&I operations posted a $60 increase in F&I profit per vehicle retailed during a quarter in which the nation’s eighth largest auto retailer chose volume over margin.

Tags: Asbury Automotive, F&I products, F&I profit per vehicle retailed, new-vehicle sales, used-vehicle sales

February 2, 2017 - Industry News

Last Chance: Podium to Present Webinar on Online Review Management

Register to learn about how online reviews can enhance your online reputation, get you noticed on top sites, and drive customer purchase decisions.

Tags: Dealerrater, Edmunds, Google, online reputation management, online reviews, Podium, Yelp

January 9, 2017 - Industry News

Cadillac Launches $1,500 a Month Subscription Service

Cadillac has launched a subscription-based, on-demand vehicle utilization program that provides access to Cadillac vehicles without a commitment to buy or lease.

Tags: Cadillac, General Motors, Online Buying, Subscription

January 26, 2017 - Industry News

RoadVantage Teams With The Academy on New Training Initiative

The Academy is led by F&I trainer Tony Dupaquier. The program includes workshops for personnel at all levels within F&I and sales operations, and is designed with today’s internet-educated shoppers in mind.

Tags: digital retailing, F&I manager, F&I training, Garret Lacour, Internet shopper, RoadVantage, The Academy, Tony Dupaquier

February 1, 2017 - Industry News

Average Transaction Price Rises in January

A sales mix in favor of utility vehicles drove up January’s average transaction price 3.3% from a year ago to $34,968. Among the greatest beneficiaries were the Detroit Three, with General Motors leading the way.

Tags: Average Transaction Price, Kelley Blue Book, new-vehicle sales

February 2, 2017 - Industry News

AutoNation Promotes Berman to President

AutoNation has named William "Bill" Berman president and COO of the public dealer group. The 30-year auto retail veteran replaces Mike Jackson, who remains the company's chairman and CEO.

Tags: AutoNation, Marc Cannon, Mike Jackson, William Berman

February 7, 2017 - Industry News

Brandon Honda, Sun Toyota Win DealerRater Consumer Satisfaction Awards

Brandon Honda and sister dealership Sun Toyota are winners of DealerRater’s 2017 Consumer Satisfaction Award, an annual recognition given to auto dealerships in the United States and Canada that deliver outstanding customer service as rated by online consumer reviews.

Tags: Brandon Honda, Customer Reviews, Dealerrater, Sun Toyota

January 19, 2017 - Industry News

House Republicans Allege CFPB Director Violated U.S. Law in New Report

A new report released by Republican members of the House Financial Services Committee charges CFPB Director Richard Cordray with violating federal law when the regulator published its Larger Participant Rule in June 2015.

Tags: auto finance, CFPB, compliance, FEDERAL REGULATION, House Financial Services Committee

January 31, 2017 - Industry News

EFG Companies: F&I Industry Faces Murky 2017

John Pappanastos, president and CEO of EFG Companies

The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.

Tags: Consumer FInancial Protection Bureau, digital retailing, Donald Trump, EFG Companies, interest rates, new-vehicle sales, Regulations, used-vehicle sales

January 30, 2017 - Industry News

NADA Chairman: Hope for the Best, Prepare for the Worst

Jeff Carson likened his year as chairman of the NADA to piloting a plane during a ‘catastrophic electrical failure,” noting that he experienced situations where he started out on what seemed a routine path only to have outside events toss his flight plan out the window.

Tags: CAFE Regulations, Consumer FInancial Protection Bureau, dealer participation, Jeff Carlson, NADA

January 30, 2017 - Industry News

DealerSocket Clients Get Carfax Snapshot Tool

Carfax's Snapshot Tool is now available to dealers on the DealerSocket website platform. The feature puts key vehicle history details for specific vehicles on search results pages and VDPs

Tags: Carfax, DealerSocket, technology, VDPs

February 9, 2017 - Industry News

GSFSGroup Names New President

Jeff M. Parent, president of GSFSGroup.

The F&I product provider announced this week the appointment of Jeff Parent as president. The 26-year veteran of the automotive business succeeds Steve Amos, who is retiring after nine years as GSFSGroup’s president.

Tags: F&I products, GSFSGroup, Jeff Parent, reinsurance, Steve Amos