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January 7, 2014 - Industry News

Illinois Senator Proposes Repeal of 'Blue Law'

Illinois State Senator Jim Oberweis is proposing to lift the state’s ban on Sunday car sales, but car dealers, to his surprise, are opposed.

Tags: legislation, Stephanie Forshee, Vehicle Sales

January 7, 2014 - Industry News

Haystak to Launch New Auto Dealer Website Platform

Digital marketing services provider is launching a new web platform designed to integrate Haystak Digital Marketing’s entire digital suite.

Tags: auto dealer, Haystak Digital Marketing, NADA, responsive design, SEO, technology

December 31, 2013 - Industry News

Hyundai’s VP of Sales to Replace Krafcik as Chief Exec

Today ends John Krafcik’s tenure as president and CEO of Hyundai Motors America. He will be replaced by David Zuchowski, the company’s executive vice president of sales.

Tags: Hiring, Hyundai, John Krafcik

December 31, 2013 - Industry News

Ford Calls Shot, Expects Best-Selling Brand Title for 2013

Ford predicts it will come in as the top-selling marque for 2013, a title it’s held for four straight years.

Tags: Ford, Vehicle Sales

December 30, 2013 - Industry News

Facebook Is the Social Network of Choice for Gen Xers, eMarketer Reports

Often overlooked, the Gen X demographic is still important for digital marketers, eMarketer finds.

Tags: automotive, eMarketer, Facebook, Generation X, Internet, social media

December 26, 2013 - Industry News

Facebook Now No. 2 Digital Ad Seller Thanks to Mobile Ad Growth

Mobile now accounts for more than 22% of all U.S. digital ad spending, up from 3% in 2010.

Tags: ad spend, digital marketing, Mobile Marketing

December 26, 2013 - Industry News

Two S.C. Dealerships Accused of Scheming Low-Income Buyers

The Post and Courier reports that employees at two Charleston car dealerships schemed low-income buyers into buying vehicles they could not afford.

Tags: fraud, Lawsuit

December 20, 2013 - Industry News

Ally Reaches $98M Settlement with DOJ, CFPB for Lending Discrimination

The settlement is the department’s third largest fair lending agreement and largest ever auto lending agreement.

Tags: Ally Bank, Ally Financial, CFPB, Consumer Financial Protection Bureau, discrimination, Dodd-Frank Act, Settlement

December 19, 2013 - Industry News

Dealertrack to Acquire

Dealertrack Technologies reports that an agreement is in place for the technology company to acquire Dealertrack will retain the name and is expected to appoint CEO Rick Gibbs as executive vice president and group president of its digital marketing solution team.

Tags: Acquisition, automotive, car dealer,, Dealertrack, digital marketing, Website

December 18, 2013 - Industry News

Dealers Celebrate With Holiday Cheer

Dealers from across the country are finding different ways to celebrate the holidays in their stores. Check out our photo gallery to see how festive some stores are this year.

Tags: automotive, car dealer, cars, Christmas, Dealership, holiday, photos, Santa

December 17, 2013 - Industry News

Hyundai Drops Arbitration Clause

Following a critical piece in the New York Times on the arbitration clause found in its warranty statement, Hyundai drops the policy. The change came a week before the CFPB released its first report on the effect of arbitration agreements on consumers.

Tags: arbitration agreements, Brittany-Marie Swanson, Consumer Financial Protection Bureau, Hyundai

December 17, 2013 - Industry News

TD Bank to Trim U.S. Dealer Network

TD Bank officials said the company will trim down its 9,000 member U.S. dealer network in order to provide better service.

Tags: Brittany-Marie Swanson, dealer, Quarterly Earnings, TD Bank Group

December 17, 2013 - Industry News

Trending in 2013: Tesla, Jean Claude Van Damme’s Volvo Splits and Chevy Volt

Top search engines released their top search terms for the year, with Google’s annual Zeitgeist being released today. And according to results, auto-related searches were among the most popular search terms in 2014.

Tags: Chevy Volt, Internet Shopper, Online Marketing, Tesla Motors, Volvo

December 16, 2013 - Industry News

CarFolks’ Dubis Says ‘It’s Not About the Reviews’

Dealer advocate issues an impassioned appeal to dealers, arguing that 'chasing reviews" has done little to foster trust between dealers, manufacturers and car buyers.

December 10, 2013 - Industry News

Group 1 Acquires Ga.-Based Auto Group

Group 1 Automotive Inc. has completed the acquisition of Jay Automotive Group, which operates six franchises in Columbus, Ga.

Tags: Acquisition, Earl J. Hesterberg, Group 1 Automotive, Jay Automotive Group

December 10, 2013 - Industry News

Mary Barra to Replace Retiring Akerson as GM CEO

Mary Barra was elected as GM’s new CEO by the company’s board of directors. She will replace Dan Akerson, who will retire on Jan. 15, 2014.

Tags: Alan Batey, Board of Directors, CEO, Dan Akerson, Dan Ammann, General Motors, Hiring, Mary Barra, Retirement

December 5, 2013 - Industry News

Iowa Dealers Protesting Proposed Hike in Registration Fees

Despite opposition from state dealers, the Iowa Department of Transportation has proposed a hike in registration fees from 5 to 6 percent. The state dealer association claims the increase will hurt sales.

Tags: Bruce Anderson, car dealer, Dealership, fee, Iowa, Iowa Automobile Dealers Association, New Vehicle Registrations, U.S. Department of Transportation

December 5, 2013 - Industry News

November SAAR Reaches 16.41 Million Units

According to Autodata Corp., total light vehicle sales increased 8.9 percent form a year ago, while the SAAR reached its highest point this year.

December 3, 2013 - Industry News

Consumer Group Seeks to Eliminate Rate Markups in California

Rosemary Shahan, president of CARS, speaks at the CFPB's first public forum on auto lending in November.

A consumer advocacy group has filed a new ballot initiative with the California attorney general’s office. Part of the initiative aims to eliminate dealer markups, something California New Car Dealer Association President Brian Maas says would harm consumers.

Tags: Brian Maas, Brittany-Marie Swanson, California New Car Dealers Association, Consumer Financial Protection Bureau, discrimination, legislation

December 3, 2013 - Industry News

NADA Report: Cash Incentives Negatively Influence Used-Car Pricing

New-vehicle cash incentives reduce the price of used vehicles significantly more than finance and lease incentives, the NADA finds.

Tags: incentives, NADA Used Car Guide, National Automobile Dealers Association, used vehicles

December 3, 2013 - Industry News

Dealer Joe Boccalero Passes Away

Longtime California dealer Joe Boccalero passed away on Nov. 27 at the age of 92. He served as the former president of Domenich Basso Inc. and operated a Chrysler Jeep dealership in Los Angeles for 40 years.

Tags: Domenich Basso Inc., Joe Boccalero

December 3, 2013 - Industry News

Dataium Study: Carfax Reports Drive Lead Conversions

Dataium reports that shoppers spend nearly twice as long on a dealer’s website, are five times more likely to submit a lead, and are twice as likely to look at a vehicle when the dealer provides a Carfax Vehicle History Report.

November 27, 2013 - Industry News

F&I Express Adds Universal’ Zero Plan to eContracting Platform

Universal Lenders' Zero Plan joins more than 50 F&I product and service providers currently on the F&I Express network.

Tags: F&I Express, Intersection Technologies, Universal Lenders, Zero Plan

November 26, 2013 - Industry News

Maritz: Car Shopping a Lonely Journey, Dealers Missing Opportunities

Maritz Research’s latest study reveals that 75 percent of customers who are in the market for a new car never hear from dealers.

Tags: Customer Retention, Maritz Research, Study

November 26, 2013 - Industry News

J.D. Power: Lender Service Determines Customer Satisfaction With Financing

Lenders that provide excellence in the servicing and onboarding experiences from the beginning of the loan or lease process set the stage for customer satisfaction throughout the financing duration, according to the J.D. Power 2013 U.S. Consumer Financing Satisfaction Study.

Tags: Auto Loans, consumer financial habits, customer satisfaction, JD Power and Associates, Kia, Lincoln, Study