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February 17, 2015 - Industry News

N.C. Dealerships Reach $225K Settlement in Predatory Loan Case

Two used-car dealerships and their owner reached a settlement this month with the Department of Justice and the state attorney general. The settlement resolves a lawsuit that alleged the dealerships charged African American buyers more for loans and repossessed vehicles without reasonable notice.

Tags: attorney general, Department of Justice, discrimination, fair lending, GPS devices, Lawsuit, North Carolina, Repossessions

February 17, 2015 - Industry News

Dealertrack, Hyundai Partner on Digital Marketing

Hyundai dealers across the United States will now have the ability to incorporate Dealertrack’s integrated websites, inventory merchandising, digital retailing and advertising tools into their dealership’s digital marketing strategies and operations.

Tags: Dealer Websites,, Dealertrack, digital marketing, Hyundai, Online Marketing

February 11, 2015 - Industry News

IHS Evaluates Impact of Oil-Price Decline on Global Auto Market

Consumer confidence is expected to continue to rise, resulting in potential shift to larger vehicles in the U.S. and Canada, thanks to low oil prices.

Tags: consumer confidence, Gas Prices, IHS Automotive

February 11, 2015 - Industry News

MOTOR TREND Certified Vehicles Program Debuts in Virginia

Bob Wade Autoworld has become the exclusive MOTOR TREND Certified Dealer in Harrisonburg, Va.

Tags: certified pre-owned vehicles, Motor Trend, Virginia

February 11, 2015 - Industry News

Manheim Operating Locations Honored By Ford

Manheim operating locations in Chicago, New York, Pennsylvania and St. Louis were recognized by the Ford Auction Service Award Program.

Tags: Auto Auctions, Awards, Ford, Manheim

February 10, 2015 - Industry News

NADA: Leasing Driving New-Vehicle Deliveries

Lease registrations have improved by an annual average of 18% since 2011, according to the NADA’s most recent installment of its Used Car Guide Perspective report.

Tags: Forecast, leasing, NADA Used Car Guide

February 10, 2015 - Industry News

JM Family Enterprises Names New VP and General Counsel

Todd Clarke was promoted to vice president and general counsel for Southeast Toyota Distributors and JM Lexus, businesses of parent company JM Family Enterprises.

Tags: JM Family, Promotions

February 10, 2015 - Industry News

Conn. Dealer Association Launches Controversial Anti-Tesla Site

The website, called “Tesla Crash,” was launched by the Connecticut Automotive Retailers Association in response to a bill that would allow the electric automaker to sell directly to consumers in the state.

Tags: Franchised Dealerships, legislation, Tesla, Tesla Motors

February 10, 2015 - Industry News

EFG Compliance Officer Earns Consumer Credit Compliance Certification

EFG's Karen Klees became one of the first 100 compliance officers to earn certification under the NAF Association's new program. Last April, the company's entire dealer services team earned AFIP certification.

Tags: AFIP, Consumer Credit Compliance Certification, EFG Companies, NAF Association

February 10, 2015 - Industry News

Idaho Legislators at Odds Over Proposed Dealer Rule

Earlier this month, Idaho’s House Transportation and Defense Committee narrowly affirmed regulations that would mandate how long car dealers should be open each week.

Tags: Idaho, legislation

February 5, 2015 - Industry News

GM Financial Triples Share of GM Leases

GM Financial officials said Ally shouldn’t be surprised by GM’s decision to internalize its lease program. The company ended the year with a 50% share of GM’s lease business.

Tags: Ally Financial, Fourth Quarter, General Motors, GM Financial, leasing, Quarterly Earnings

February 5, 2015 - Industry News

Automakers Report Strong January Sales

January’s total new-vehicle sales increased 13.7% from a year ago to 1.51 million units, according to Autodata Corp. January’s seasonally adjusted annual rate was 16.66 million, a slight dip from the 16.92 million SAAR recorded in December.

February 4, 2015 - Industry News

Solera Holdings Acquires Service Dynamics

Risk and asset management software and services provider Solera Holdings has acquired Service Dynamics to enhance its digital offerings for dealers.

Tags: Acquisition, AutoPoint, parts and service, technology

February 4, 2015 - Industry News

Vehicle Search Engine Helps Shoppers Find New Cars

AutoWeb is a new free vehicle search engine designed to help car shoppers search for and find a vehicle based on specific search criteria.

Tags: social media marketing, vehicle search, Website

February 4, 2015 - Industry News

The Next Up Wins Sales Process Award at NADA

The Next Up was awarded an Automotive Website Award in the Sales Process category by PCG Digital Consulting during the NADA Convention in Las Vegas.

Tags: Awards, NADA, sales manager, Sales Process, The Next Up

February 4, 2015 - Industry News

Utah Bill Would Send Sales Tax to Car Buyer’s Hometown

Rep. Ken Ivory (R-Utah) has introduced legislation that would send the sales-tax revenue from car sales to the hometown of the car buyer, instead of the city where the dealership is located.

Tags: legislation, sales tax, Utah

February 4, 2015 - Industry News

Penn. Dealer Pocketed Customer Fees, Police Say

The owner and operator of a Pennsylvania dealership has been accused of taking money from at least 40 customers and not submitting title and registration paperwork and fees to the state’s Department of Transportation.

Tags: compliance, fraud, vehicle title

February 3, 2015 - Industry News

Ally Financial Names New CEO

Jeffrey Brown, who headed up Ally’s dealer-financial services business, will succeed Michael Carpenter, who is retiring from his post and from the company’s board after five years.

Tags: Ally Financial, Jeffrey Brown, Michael A. Carpenter

February 3, 2015 - Industry News

Black Book: Vehicle Depreciation to Rise in 2015

Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings.

Tags: Black Book, Fitch Ratings, Report, used-vehicle values, vehicle depreciation

February 3, 2015 - Industry News

CNW: January Used-Vehicle Sales Total 2.38 Million Units

The research firm attributed the 2% gain in used-vehicle sales to higher CPO sales and a growing inventory of fresh off-lease vehicles. Even independents felt the trickledown effect of quality used vehicles.

Tags: CNW Research, Used-Car Sales

February 3, 2015 - Industry News

Flick Fusion Updates Videos With 2015 Models

Flick Fusion added 2015 make and model-year cars to its expanded library of PicMotion new vehicle inventory videos.

Tags: Flick Fusion, Online Marketing, Video Advertising

February 3, 2015 - Industry News

Mercedes-Benz, BMW See Boost from Super Bowl Ads, Edmunds Reports

Mercedes-Benz and BMW saw significant traffic spikes on after ads from the two companies ran during the Super Bowl, according to real-time analysis from

Tags: BMW, commercials,, Mercedes-Benz, Super Bowl

February 3, 2015 - Industry News

Ally ‘Highly Confident’ About Overcoming Boot From GM Leasing Program

During a quarterly earnings conference call last week, Ally’s former CEO opened up about General Motors’ unexpected decision to move all of its lease incentives to its captive, GM Financial.

Tags: Ally Financial, GM Financial, IPO, leasing, Quarterly Earnings

January 29, 2015 - Industry News

Zurich Unveils Tablet F&I Menu

David Putz (left), senior vice president and head of direct markets for Zurich, and Vincent Santivasi (right), vice president of business development for Zurich’s F&I division, demoed the company new tablet menu and F&I process at the 2015 NADA Convention & Expo.

Officials with the F&I product provider said at last week’s NADA Convention & Expo that the company didn’t just develop a tablet menu, it developed a mobile F&I process.

Tags: Customer Interview, F&I Presentation, F&I Process, iPad, mobile menu, Zurich

January 28, 2015 - Industry News

Manheim's 'Used Car Market Report' Shows Growth, Stability

In its 20th year, Manheim’s Used Car Market Report showed that slightly more than 42 million used vehicles were sold last year. It also showed that dealership used-vehicle operations produced record profits.

Tags: Manheim, Manheim Used Vehicle Report, remarketing, Wholesale