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July 13, 2017 - Industry News

Digital Air Strike’s Enterprise AI Listening Platform Wins People’s Choice Award

DAS’s Mission Control Consumer Intelligence and Engagement Platform earned a People’s Choice Award for Favorite New Product in the 2017 American Business Awards.

July 13, 2017 - Industry News

Three States Pass GAP Laws

The Guaranteed Asset Protection Alliance, a lobbying group made up of GAP providers, administrators and finance sources, was instrumental in getting two of the three laws passed — the most recent state to adopt its model act being Maine.

Tags: compliance, F&I products, GAP, GAPA, GAPWise, Guaranteed Asset Protection Alliance, insurance, Regulations, Rob Berger, Timothy Meenan, Wise F&I

July 12, 2017 - Industry News

Warranty Solutions, Arbor Day Foundation Celebrate Planting of More Than 1.7 Million Trees

The partnership between the two entities began in 2009 to help improve air quality, water quality, mitigate the effects of climate change, combat deforestation, and prevent species loss. To date, the number of trees planted would offset the emissions of approximately 5,856 cars for one year.

Tags: F&I product provider, Warranty Solutions

July 12, 2017 - Industry News

instaVIN Launches Redesigned Website for Vehicle History Reports

The new site features responsive design and delivers near real-time title, salvage, and insurance total loss events. It also offers optional auto factory window stickers with original build data.

July 12, 2017 - Industry News

Black Book: Retention Index Registers Second Increase in Three Months

The index’s rise in June was due in large part to falling gas prices, which helped drive the sale of used trucks, crossovers and SUVs. The downside of falling gas prices was the continued acceleration in depreciation for subcompact and compact cars.

Tags: Black Book, used-vehicle values, Value Retention, vehicle depreciation

July 12, 2017 - Industry News

G.P. Anderson to Deliver ‘Art of the Presentation’ at F&I Think Tank

Former F&I Pacesetter G.P. Anderson returns to F&I Think Tank to deliver “Art of the Presentation,” a 50-minute look at the process and approach that made him an award-winning F&I director for Park Rapids, Minn.-based Thielen Motors.

Tags: F&I director, F&I manager, F&I process, F&I Think Tank, F&I training, G.P. Anderson, Industry Summit, objection handling

July 12, 2017 - Industry News

LotLinx Adds Mobile Shopper Conversion Tools

LotLinx has launched a new, mobile car shopper conversion-enhanced product suite for auto dealers.

July 11, 2017 - Industry News

GWC Warranty Promotes Pratt to VP

Wendy Pratt has been elevated to the role of associate vice president of strategic alliances for GWC Warranty.

July 11, 2017 - Industry News

Clarivoy, Cars.com Conclude Attribution Study

Analysts with Clarivoy and Cars.com say the results of a joint study demonstrate the need for new technology to overcome the limitations of last-click attribution.

July 11, 2017 - Industry News

Industry Summit 2017: Cox Automotive Exec to Delve Into F&I’s Future

Cox Automotive’s Jason Barrie, who has helped drive Dealertrack’s evolution from credit application portal to an enabler of sales and F&I workflow since 2005, says technology won’t kill F&I. He will be at Industry Summit 2017 to explain why.

Tags: Cox Automotive, Dealertrack, digital retailing, F&I process, F&I products, online F&I

July 11, 2017 - Industry News

Alpha Warranty Introduces Summit Protection Ancillary Product Line

The new line was created internally based on agent and dealer demand, officials said. It includes ElevateCare, a five-in-one product bundle, and standalone tire-and-wheel protection and key/remote replacement.

Tags: Alpha Warranty Services, F&I manager, F&I office, F&I products, key replacement, product bundle, Tire and Wheel

July 11, 2017 - Industry News

Experian Adds ‘Text for Credit’ Financing Option

Experian’s latest innovation was designed to allow car buyers to obtain real-time credit decisions via text message.

July 10, 2017 - Industry News

Manheim Index Reaches Record High in June

It was the second consecutive month that Manheim Used Vehicle Value Index reached a record high. Officials said strong retail demand for recent model-year used vehicles is encouraging dealers to buy more vehicles at auction, and the increased demand is more than offsetting the high supply.

Tags: Cox Automotive, Manheim, Manheim Index, new-vehicle sales, used-vehicle values, wholesale values

July 10, 2017 - Industry News

CFPB Issues Rule Banning Arbitration Clauses in Finance Contracts

The new rule is set to take effect 60 days after publication in the Federal Register. It comes more than two years after the bureau studied mandatory arbitration clauses and one year after it proposed to ban such clauses in consumer finance contracts.

Tags: arbitration agreements, auto finance, CFPB, CFPB study, compliance

July 10, 2017 - Industry News

Helion Earns Top-100 Ranking From MSPmentor

Helion Automotive Technologies is ranked No. 69 out of 501 in MSPmentor’s latest ranking of the world’s top managed services providers.

July 8, 2017 - Industry News

VisionMenu Introduces F&I by Design

VisionMenu has launched F&I by Design, a customizable, paperless F&I solution.

July 7, 2017 - Industry News

O’Loughlin Joins Compliance Summit Roster as Featured Speaker

Attorney, compliance expert and former regulator Terry O’Loughlin will deliver a featured presentation devoted to Rules and Regulations at the upcoming Dallas Compliance Summit.

Tags: compliance, Compliance Summit, Reynolds & Reynolds, Terry O'Loughlin

July 7, 2017 - Industry News

O’Loughlin to Deliver Keynote Address at Industry Summit

Attorney, compliance expert and former regulator Terry O’Loughlin will deliver the opening luncheon keynote address to attendees of Compliance Summit, Lender Summit and the P&A Leadership Summit.

July 6, 2017 - Industry News

Edmunds: Term Lengths Stretch to All-Time High in June

At a record 69.3 months, average new-vehicle finance terms have stretched 6.8% from five years ago. The average amount financed and average monthly payment also registered new highs.

Tags: average finance amount, average term, Average Transaction Price, Monthly Payments

July 6, 2017 - Industry News

VW Credit Invests in AutoGravity

With its announced investment, Volkswagen’s captive finance company joins the automotive fintech firm’s mobile car shopping and financing platform. VW Credit also launched its own AutoGravity-powered smartphone app.

Tags: auto finance, AutoGravity, Captive, digital retailing, online F&I, Volkswagen Credit

July 6, 2017 - Industry News

Premier Chevrolet Buick GMC Named West Virginia's First Motor Trend Certified Dealer

Premier Chevrolet Buick GMC was selected to be the first dealership in West Virginia able to certify its pre-owned vehicles with the exclusive Motor Trend Certified designation. The dealership began selling Motor Trend Certified vehicles in May.

Tags: EasyCare, Motor Trend, Premier Chevrolet Buick GMC, pre-owned, used-vehicle sales

July 5, 2017 - Industry News

Paul Miller Auto Outlet Named Exclusive Motor Trend Certified Dealership

The dealer was selected to be the only dealership in Lexington, Ky., able to certify its pre-owned vehicles with the exclusive Motor Trend Certified designation.

Tags: EasyCare, Motor Trend, Paul Miller Auto Outlet

July 5, 2017 - Industry News

International Nameplate Dealers Record Fourth Straight Sales Dip

The nation’s 9,600 international nameplate franchises registered their fourth straight sales decline in June, but the association representing them said dealers are feeling confident about the second half of 2017.

Tags: American International Automobile Dealers Associat, new-vehicle sales, transaction prices

July 5, 2017 - Industry News

Greg Goebel to Address Industry Summit and PALS

Special finance guru Greg Goebel will deliver the evening keynote address to a combined audience of Industry Summit and P&A Leadership Summit attendees.

Tags: DealerStrong, Greg Goebel, Industry Summit, special finance, Special Finance Conference

July 5, 2017 - Industry News

New-Car Transaction Prices Grow Less than 2% in June

Transaction prices grew slower than usual for the month of June, rising 1.5% from a year ago to $34,442. Transaction prices for popular categories like full-size trucks and mid-size cars were flat, while the average for a compact SUV rose only 1%.