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April 9, 2018 - Industry News

SouthwestRe, Reahard Partner to Offer F&I and Compliance Training

SouthwestRe has partnered with Reahard & Associates to offer F&I training and compliance certification to agents and dealers.

Tags: F&I products, F&I training, Reahard & Associates, reinsurance, Ron Reahard, SouthwestRe

April 9, 2018 - Industry News

Shift Using Manheim Facilities and Services to Support Digital Business

The San Francisco startup announced its partnership with Cox Automotive last week. According to officials, the relationship will help Shift expand operations with reduced capital investment and drive efficient launches in markets where Manheim has a presence.

Tags: Cox Automotive, digital retailing, Manheim, online F&I, Shift

April 9, 2018 - Industry News

NextGear Offers Expedited Funding Process

NextGear Capital has introduced ‘Rapid Pay,’ a new feature designed to help dealers initiate the vehicle funding process before the title is received.

Tags: auto finance, floorplan financing, NextGear Capital

April 9, 2018 - Industry News

Auto/Mate Adds Credit Card Processing

Auto/Mate has partnered with Worldpay to add a credit card processing feature to its DMS.

April 9, 2018 - Industry News

Dent Wizard Promotes Mike Black to CEO

Black served as the F&I product provider's COO for the last seven-plus years. He succeeds Terry Koebbe, whose title was elevated to chairman. Both moves took effect on April 1.

Tags: Dent Wizard, F&I products, Mike Black, paintless dent removal, reconditioning, Terry Koebbe

April 9, 2018 - Industry News

Auto/Mate Promotes Dave Druzynski to Chief People Officer

Dryzynski joined the company more than eight years ago as director of human resources. He also serves as a regulator contributor to F&I and Showroom magazine.

Tags: Auto/Mate Dealership Systems, Dave Druzynski, human resources, Promotions

April 5, 2018 - Industry News

VW, Netsertive Partner to Drive Local Sales

Netsertive has been selected as a certified partner of the Volkswagen Dealer Digital Program, giving participating dealers access to a suite of digital marketing tools.

April 5, 2018 - Industry News

NCM Adds to 20 Group Roster With ConSept Acquisition

NCM Associates has acquired ConSept LLC, a merger NCM claims makes it the leading automotive 20 Group provider in North America.

April 3, 2018 - Industry News

KBB: Average New-Car Price Jumps 2% in March

Thanks to strong SUV sales, March's average transaction price rose $703 from a year ago to $35,285, the firm said this week.

April 3, 2018 - Industry News

Spireon Adds to Executive Team

The vehicle intelligence company announced the appointment of Rashid Ismail as senior vice president of customer success. The former CoreLogic executive will be responsible for customer lifecycle management.

Tags: Connected Vehicle, F&I office, Spireon

April 3, 2018 - Industry News

Proactive Updates BDC Video Training Library

Proactive Dealer Solutions announced a series of new additions to its library of interactive videos for business development center training.

April 2, 2018 - Industry News

Hendrick to Install Reynolds docuPAD in All 96 Locations

When installations are completed in mid-July, Hendrick Automotive Group will be the largest single user of Reynolds’ docuPAD system in the United States.

Tags: compliance, docuPAD, econtracting, F&I menu, F&I products, F&I Technology, Hendrick Automotive Group

April 2, 2018 - Industry News

Darwin to Power ELEAD1ONE’s DealBuilder

A new partnership between Darwin and ELEAD1ONE promises to help protect F&I production in an increasingly digitized car-buying process.

April 2, 2018 - Industry News

Lincoln Adds Pre-Owned Vehicles to Subscription Program

Photo courtesy of Lincoln.

The automaker is adding a slate of pre-owned 2017 Lincoln models to its subscription program in West Los Angeles. The program was originally launched there and in San Francisco in 2015.

Tags: auto finance, Canvas, Lincoln, Subscription Service

March 29, 2018 - Industry News

Black Book: Car Segment Values Strongest in Two Years

Last week, car segment values were up 0.26% compared to the 0.01% depreciation the segment experienced the week prior. This added up to the strongest week for car segment values in two years.

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

March 29, 2018 - Industry News

Vero Partners with Allied Solutions on New VSC Program for Independents

The Dealership Advantage Program is a vehicle merchandising and protection package designed to help dealers present fresher, more appealing inventory and deliver a better customer experience.

Tags: Allied Solutions, certified pre-owned vehicles, Fidelis PPM, paint protection, vehicle service contracts, Vero

March 29, 2018 - Industry News

Cox: Off-Lease Tidal Wave Poses Greatest Risk to New-Vehicle Sales

It’s not just the wave of off-lease vehicles expected to return to the market this year and next, it’s the type of vehicles returning that could stunt new sales. Rising interest rates, however, could turn the tide for the new-vehicle market.

Tags: Cox Automotive, new-vehicle sales, used-vehicle sales

March 28, 2018 - Industry News

Lexus to Offer ‘Subscription-Type Plan’ With New Compact SUV

Photo of 2019 Lexus UX 200 courtesy of Toyota.

The all-new UX crossover SUV will be Lexus' first vehicle to be offered through a subscription plan when it arrives in dealership showrooms this December.

Tags: auto finance, Cadillac, Hyundai, Lexus, Lincoln, Subscription Service, UX 200, Volvo

March 27, 2018 - Industry News

Survey: Dealers Open to Change

A survey of 400 U.S. auto dealers by MAXDigital indicates the majority are preparing to change their sales process to boost profits, combat turnover, and improve CSI.

March 27, 2018 - Industry News

Hearst Autos Releases Two New 'Car and Driver' Shopping Tools

The automotive publisher now offers a trade-in appraisal widget and an Equifax-powered credit score tool dealers can embed into their vehicle details page on a 'Car and Driver' vehicle listing.

Tags: Car and Driver, digital marketing, digital retailing, Hearst Autos

March 26, 2018 - Industry News

USEA Adds Esignature Feature

US Equity Advantage has added a suite electronic enrollment features to its biweekly F&I service.

March 26, 2018 - Industry News

Darwin to Power F&I for CDK Connected Store

CDK Global’s Connected Store 2.0 now offers F&I products through a new partnership with Darwin Automotive.

March 26, 2018 - Industry News

Chicago Dealer Mike McGrath Earns Lifetime Achievement Award

The American International Automobile Dealers Association presented Chicago auto dealer Mike McGrath with its 2018 David F. Mungenast Sr. Lifetime Achievement Award.

March 26, 2018 - Industry News

New AIADA Chair: ‘Trade Wars Have Real Consequences’

Utah dealer Brad Strong began his 2018 AIADA chairmanship with a bang, calling out Washington’s ‘tax and tariff schemes’ in a Las Vegas address.

March 26, 2018 - Industry News

NADA Chairman Outlines Goals, Focus Areas for 2018

Michigan dealer Wes Lutz outlined his chief concerns as the new chairman of the National Automotive Dealers Association.