February 7, 2017 - Industry News
The connection, which features erating and econtracting capabilities, provides access to the F&I product provider’s full suite of branded protection products, including GAPWise, WiseCARE, TIREWise, WISETVP, THEFTWise and KEYWise.
Tags: DMS, DMS integration, F&I manager, F&I products, Reynolds & Reynolds, Wise F&I
Brandon Honda and sister dealership Sun Toyota are winners of DealerRater’s 2017 Consumer Satisfaction Award, an annual recognition given to auto dealerships in the United States and Canada that deliver outstanding customer service as rated by online consumer reviews.
Tags: Brandon Honda, Customer Reviews, Dealerrater, Sun Toyota
GWC Warranty's 'Behind the Wheel' dealer story series now features the story of Texas Cars Direct. It's the fourth video in the series, and focuses on owner Pete Bulban, who founded Texas Cars Direct more than 35 years ago.
Tags: F&I products, GWC Warranty Corporation, Pete Bulban, Texas Cars Direct, Used-Vehicle Service Contracts
According to officials, this is the first time the sales expert and trainer has endorsed a dealership software solution in his more than 30-year career.
Tags: CRM, Dealership Solutions, Grant Cardone, VinSolutions
February 3, 2017 - Industry News
President Donald Trump took his first step toward making good on his promise to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, signing on Friday an executive order directing the secretary of the Treasury to review the 2010 financial oversight law.
Tags: Consumer FInancial Protection Bureau, Dodd-Frank Act, Donald Trump, Richard Cordray
February 2, 2017 - Industry News
Senate Republicans have reintroduced legislation aimed at replacing the CFPB’s single-director structure with a five-member bipartisan board. The bill was unveiled as Congressional Democrats and state regulators pledged to defend Director Richard Cordray and his agency.
Register to learn about how online reviews can enhance your online reputation, get you noticed on top sites, and drive customer purchase decisions.
Tags: Dealerrater, Edmunds, Google, online reputation management, online reviews, Podium, Yelp
AutoNation has named William "Bill" Berman president and COO of the public dealer group. The 30-year auto retail veteran replaces Mike Jackson, who remains the company's chairman and CEO.
Tags: AutoNation, Marc Cannon, Mike Jackson, William Berman
February 1, 2017 - Industry News
Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its emissions-violating 3.0L V-6 diesel engine as part of a settlement that still requires approval from the U.S. Federal Trade Commission and a federal judge.
Tags: Federal Trade Commission, Volkswagen, Volkswagen Scandal
Through RouteOne’s online credit application and econtracting platform, users of Pearl’s Showroom Xpress digital retail platform can contract car buyers on mobile devices and websites.
Tags: digital retailing, econtracting, online credit application, Pearl Technology, RouteOne, ShowroomXpress
A sales mix in favor of utility vehicles drove up January’s average transaction price 3.3% from a year ago to $34,968. Among the greatest beneficiaries were the Detroit Three, with General Motors leading the way.
Tags: Average Transaction Price, Kelley Blue Book, new-vehicle sales
Appearance protection solutions provider Dent Zone Companies has announced the formation of Nobilis Group, a new entity consisting of the Dent Zone, AutoBodyGuard and PDR LINX lines of business.
Ford is launching the Commercial Vehicle Center dealer program to replace the Business Preferred Network. According to officials, the new program offers improved service, better parts availability and a new loyalty program.
Tags: fleet sales, Ford
While the truck segment realized its best week in terms of vehicle depreciation last week, values for used luxury cars tumbled, according to Black Book’s Jan. 31 Market Insights Report.
Tags: Black Book, used-vehicle values, wholesale values
Leasing accounted for 31% of new-vehicle sales in 2016, up from 29% in 2015. And according to the vehicle information, nearly one-third of all millennials turned to leasing to secure a new vehicle.
Tags: Auto Sales, Edmunds, vehicle leasing
January 31, 2017 - Industry News
The digital marketing solutions provider named Chris Sims CTO, Joe Karle vice president of account management for the Midwest United States and Canada, and K.C. Loughlin vice president of dealer sales and service for the United States and Canada.
ProMax Unlimited CTO Darian Miller and COO Shane Born acquired minority ownership stakes in the software company.
The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.
Tags: Consumer FInancial Protection Bureau, digital retailing, Donald Trump, EFG Companies, interest rates, new-vehicle sales, Regulations, used-vehicle sales
Black Book has released a new white paper about the different types of data analytics and how automotive industry professionals are using them.
January 30, 2017 - Industry News
Outsell formed and convenved its first customer advisory board at the National Automobile Dealers Association (NADA) Convention and Expo. The technology firm also announced the launch of several new digital marketing tools.
Fiat Chrysler has begun a major expansion of its dealerships, and may add as many as 400 new stores in the U.S., dealers familiar with the plan told Automotive News.
Sixty percent of respondents to the technology provider’s dealer survey indicated that they are not considering using tablets in either their sales or F&I departments. Aside from resistance to change, respondents cited cost and an undefined ROI as reasons for not using mobile tablets.
Tags: digital retailing, eLend Solutions, tablet menu, technology
Dealers now have access to myCarfax Service Shop tools through Advent Resources' DMS. The collaboration was designed to make resources such as Carfax Service History Check and Carfax QuickVIN available to Advent dealers immediately.
Jeff Carson likened his year as chairman of the NADA to piloting a plane during a ‘catastrophic electrical failure,” noting that he experienced situations where he started out on what seemed a routine path only to have outside events toss his flight plan out the window.
Tags: CAFE Regulations, Consumer FInancial Protection Bureau, dealer participation, Jeff Carlson, NADA
Carfax's Snapshot Tool is now available to dealers on the DealerSocket website platform. The feature puts key vehicle history details for specific vehicles on search results pages and VDPs
Tags: Carfax, DealerSocket, technology, VDPs
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