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May 26, 2016 - Industry News

TradeRev Wins Gold Award in 11th Annual IT World Awards

TradeRev CEO and President Mark Endras announced today that his company’s product, a vehicle appraisal and auctioning system for automotive dealers, was named the Gold winner in Network Products Guide’s 2016 IT World Awards in the Hot Technologies category.

Tags: Auctioning System, Mobile Applications, Technology, TradeRev, Vehicle Appraisal

May 26, 2016 - Industry News

RoadVantage Wins Dealers’ Choice Platinum Award

RoadVantage has won a Platinum Dealers’ Choice Award in the F&I Products category, marking the second year in a row the F&I product provider earned an award in this category.

Tags: Dealers' Choice Awards, F&I product provider, F&I products, Garret Lacour, RoadVantage

May 26, 2016 - Industry News

EasyCare Names New National Director of New Business Opportunities

The F&I product provider has appointed Rob Mirra as national director of new business opportunities. In this role, he will be leading the building of new EasyCare relationships with dealerships across the nation, according to the company.

Tags: EasyCare, F&I, Hiring

May 26, 2016 - Industry News

Toyota, Volkswagen Announce Partnerships With Ride-Hailing Services

Toyota announced a partnership with ride-hailing giant Uber, while Volkswagen forged a pack with lesser-known but reportedly fast-growing Gett. While both OEMs sought out relationships with ride-hailing services, their approach to the partnerships will differ slightly.

Tags: Gett, Lease, Ride-Sharing, Toyota, Uber, Volkswagen

May 26, 2016 - Industry News

Reynolds, AADA Launch New LAW Arkansas F&I Library

The Reynolds and Reynolds Co. announced the launch of the LAW Arkansas F&I Library, which was developed through a partnership between Reynolds Document Services and the Arkansas Automobile Dealers Association (AADA).

Tags: Arkansas Automobile Dealers Association, eContracting, F&I director, F&I manager, Reynolds & Reynolds

May 26, 2016 - Industry News

Auto Financing Gaining Traction With Millennials, Study Shows

According to a new study from LendingTree, Millennials currently account for about 34% of total auto finance requests in the nation, a 7% increase from 2013. Memphis, Tenn., Milwaukee, Wis., and St. Louis were the Top Three cities where Millennials are seeking auto financing.

Tags: Auto Loans, LendingTree, Millennials

May 26, 2016 - Industry News

DRIVIN Raises $7.5 Million in Additional Funding

The company that aims to change the way dealers sell, source, acquire, and deliver used cars announced it has raised an additional $7.5 million in equity capital. Launched in mid-2015, the Chicago-based startup has now raised $17.5 million in funding.

Tags: Auto Auctions, DRIVIN, inventory, Used-Vehicle Sales, used-vehicle values

May 26, 2016 - Industry News

MaximTrak Wins Dealers' Choice Platinum Award

MaximTrak Technologies was once again named a Dealers’ Choice Platinum Award winner by the readers of Auto Dealer Today, F&I and Showroom’s sister publication.

May 25, 2016 - Industry News

Volvo Taps N.C. Agency to Work With Dealers in the Carolinas

Dealer Service Solutions has been appointed as the new authorized representative for all Volvo retailers in North and South Carolina, the company announced this week.

Tags: Dealer Service Solutions, F&I, Partnership, Volvo

May 24, 2016 - Industry News

AP Poll: Two-Thirds of Americans Can’t Afford $1,000 Emergency

Conducted by The Associated Press-NORC Center of Public Affairs, the poll found that 75% of households making less than $50,000 a year would have difficulty coming up with $1,000 to cover an unexpected bill.

Tags: Consumer Buying Habits, consumer confidence, consumer debt, Great Recession, Parts and Service, Repairs, Service Contracts

May 24, 2016 - Industry News

Bryan Honda, Reynolds and Reynolds Unveil First ‘Vision’ Dealership

The managers of Bryan Honda partnered with Reynolds and Reynolds to create the first “Vision” dealership, a strategy that could turn the Fayetteville, N.C. store into a standard bearer for customer service and engagement. Courtesy Bryan Honda

Dealer software provider Reynolds and Reynolds and Bryan Honda have partnered to convert the Fayetteville, N.C., store into the world’s first “Vision” dealership. The project centers on a new solution that will capture each new customer and track their needs and any actions taken at the dealership.

Tags: Bryan Honda, digital marketing, Reynolds & Reynolds, Vision

May 24, 2016 - Industry News

CEO of iLendingDIRECT Honored With Remarketing Award

Nancy Fitzgerald, CEO and president of iLendingDIRECT, was awarded a 2016 Women in Remarketing Award, which recognizes 20 female leaders in the remarketing and used-car business.

Tags: Female Leaders, iLendingDIRECT, Women in Remarketing Award

May 24, 2016 - Industry News

Wayne Reaves Adds Equifax Link to BHPH-Geared DMS

The new enhancement allows buy-here, pay-here dealers to furnish credit data to the credit reporting agency using software maker's DMS offering.

Tags: Buy Here Pay Here, DMS, Equifax, Wayne Reaves Software

May 24, 2016 - Industry News

AutoTech Protect Releases Technology-Focused Service Contract

The new F&I product will be available in 47 states. It offers a cheaper service-contract alternative for customers who want to protect their in-car technology but object to traditional coverage due to price constraints.

Tags: AutoTech Protect, Service Contracts, Technology

May 23, 2016 - Industry News

ADT Names 2016 Dealers’ Choice Award Winners

The publishers of Auto Dealer Today announced the winners of the 12th annual Dealers’ Choice Awards. The awards are based on a comprehensive survey that allowed dealers and dealership personnel to recognize their favorite vendors, suppliers and finance companies in 34 categories.

Tags: ActivEngage, Ally, American Financial & Automotive Services, AUL Corp., Auto Credit Express, Autotrader,, CDK Global, Client~ConneXion, CNA National, Contact At Once, Dealer Synergy,, DealerClickz, DealerLink, DealerRefresh, Dealers' Choice Awards, DealerStrong, Dealertrack, Digital Air Strike, DMEautomotive, Dominion Dealer Solutions, eBizAutos, ELEAD1ONE, IAS, Jim Ziegler, Mosaic, Naked Lime, National Auto Care, Portfolio, ProMax Online, Protective Asset Protection Division, Reahard & Associates, Reynolds & Reynolds, RoadVantage, United Development Systems, vAuto, Zieger Supersystems

May 19, 2016 - Industry News

Auto Loan Balances Top $1 Trillion in Q1, Experian Reports

Lease balances also skyrocketed in 2016's opening quarter, while subprime loan volumes showed double-digit growth. Delinquencies, however, remained in check, the firm reported.

Tags: auto finance, Auto Loan Delinquency Rate, Experian Automotive, lease originations, Oustanding Auto Loan Balances

May 19, 2016 - Industry News

DealerRater Releases iOS Version of Mobile App

The app is designed to help dealerships build trust, lower apprehension, and accelerate a successful showroom by allowing employees to communicate with customers earlier in the sales process.

Tags: Dealer Review Sites, DealerRater, Dealerships, Mobile Applications

May 19, 2016 - Industry News

DealerSocket Adds New Functionalities to Mobile CRM App

DealerSocket has upgraded its mobile CRM, adding a mobile driver’s license scanner, push alerts for website visits and the ability to attach images and videos to outgoing emails within the mobile application.

Tags: Buy-Here Pay-Here, Mobile Applications, NABD

May 19, 2016 - Industry News

Labor Department Publishes New Overtime Pay Rule

The finalized rule updating overtime regulations will automatically extend overtime pay protections to more than four millions workers within the first year of implementation. The NADA said it is developing outreach materials on the rule’s impact on dealerships and is evaluating potential participation in potential litigation and Congressional oversight.

Tags: employment, Fair Labor Standards Act, U.S. Department of Labor

May 19, 2016 - Industry News

Wise F&I Integrates With MenuSys

The connection will allow dealers to rate and contract Wise F&I's product line electronically through MenuSys, ensuring up-to-date pricing and product information.

Tags: eContracting, F&I products, Menu, MenuSys, Online, Wise F&I

May 19, 2016 - Industry News

LoJack Recovered $112 Million in Stolen Vehicles in 2015

The most targeted vehicles were those worth more than $30,000. However, the average value of recovered vehicles in 2015 was $10,287. Thieves are also targeting specific vehicle colors, with black and white cars accounting for 20% and 18% of vehicles recovered, respectively.

Tags: California, Florida, LoJack, Stolen Vehicle, Texas

May 19, 2016 - Industry News

Calif. New Light Vehicle Registrations Exceed 500,000 Units in Q1 2016

The 500,000 units sold in the first three months of the year has California dealers on track to sell more than million units in 2016, according to the California New Car Dealers Association.

Tags: California New Car Dealers Association, CNCDA, New Vehicles, Registrations, Used Vehicles

May 18, 2016 - Industry News

Reuters: Trump to Release Plan for Dismantling Dodd-Frank

Republican Presidential candidate Donald Trump told Reuters he would release a plan in about two weeks for overhauling the 2010 Dodd-Frank Wall Street Reform and Consumer Protection Act.

Tags: CFPB, Compliance, Donald Trump, rate markup

May 18, 2016 - Industry News

Motor Vehicle Software Corp. Launches Automated ERT Platform

The platform is designed to enable vehicle-to-government transactions across the entire lifecycle of a vehicle. After the platforms launch in Oregon, the company plans to expand it to California, Virginia and Illinois by the end of the year.

Tags: Electronic Registration, Electronic Titling, Electronic Transactions, Motor Vehicle Software Corp.

May 18, 2016 - Industry News

New Dry-Erase Hang Tags Offer Potential Cost Savings

The hard plastic, dry-erase tags give dealers the ability to reuse them instead of throwing them away, as is the case with traditional paper tags. These tags also eliminate the possibility of misprints due to their dry-erase nature.

Tags: Dealership, Hang Tags, Products