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September 15, 2016 - Industry News

RouteOne Adds Automated Booking to Toyota Financial's e-Contracting Tool

Dealers using both RouteOne and Toyota Financial Services (TFS) will now be able to book TFS electronic contracts through a completely automated process, according to a RouteOne announcement.

Tags: eContracting, RouteOne, Toyota, Toyota Financial Services

September 14, 2016 - Industry News

Consumers Want Price Transparency From Service Centers, Survey Finds

Price uncertainty is the No. 1 reason a customer won’t visit a dealership’s service center for maintenance, according to results of a survey commissioned by Record360.

Tags: Pricing, Record360, Service Center, Survey, Transparency

September 14, 2016 - Industry News

New F&I e-Rating/e-Contracting Provider Partners With Compliance Expert

Over the Edge is a relatively new player in the F&I product e-rating/e-contracting arena, having released its TecAssured system this past May. This week, the firm announced its partnership with Keith Whann, a national compliance expert and attorney who will advise users of the company’s cloud-based system..

September 14, 2016 - Industry News

Vinli Partners With Cox, Meineke Car Care on Connect Car Offering

Mobile WiFi provider Vinli has reached agreements with Cox Automotive and Meineke Car Care to offer Cox's 40,000 dealer clients the ability to sell connected car capabilities to their customers as an aftermarket product.

Tags: Connected Vehicle, Cox Automotive, Meineke Car Care, Software, telematics, Vinli

September 14, 2016 - Industry News

Lithia Motors Acquires Carbone Auto Group

Lithia Motors Inc. has acquired Carbone Auto Group, a New York- and Vermont-based dealer group that generates an estimated $600 million in annual revenue, according to a company announcement. The purchase adds 13 stores to Lithia's portfolio.

Tags: Acquisition, Carbone Auto Group, Dealer Group, Lithia Motors

September 13, 2016 - Industry News

AMS Announces Industry Summit Giveaway Winner

Automotive Mobile Solutions (AMS) announced that Roy O’Brien Ford in Saint Clair Shores, Mich., won the company’s giveaway at Industry Summit in Las Vegas. The dealership will enjoy full use of AMS’s LeadsBeacon mobile wallet platform for the next year.

Tags: Automotive Mobile Solutions, F&I technology, Industry Summit

September 13, 2016 - Industry News

FlickFusion Releases Video Advertising Tool

Flick Fusion has released FlickWidget, a responsive video display tool that it claims can increase the number of views dealers get on the videos on their website.

Tags: Flick Fusion, FlickWidget, Online Shopping, Video Advertising

September 13, 2016 - Industry News

Online Vehicle Retailer Adds Dealertrack's Payment Calculator and Credit App to Site

Consumers shopping on KosLo's online vehicle marketplace will now be able to calculate vehicle payments and apply for financing directly through the company's website. Powering these new capabilities is Dealertrack’s Digital Retailing solutions.

Tags: Dealertrack, KosLo, Online Shopping

September 13, 2016 - Industry News

Traffic Control's Product Suite Now Available Through Auto/Mate's DMS

Auto/Mate announced this week plans to integrate Traffic Control’s customer relationship management (CRM), internet lead management (ILM) and employee activity management (EAM) systems into its own dealership management system (DMS).

Tags: Auto/Mate, CRM, DMS, EAM, ILM, Traffic Control

September 13, 2016 - Industry News

IAS Appoints New President and CEO

On Monday, IAS announced the appointment of Patrick Brown as president and CEO. He succeeds Bob Corbin, who was appointed executive chairman. Officials said the moves signal the company's plans to expand.

Tags: CEO, hiring, IAS, President

September 13, 2016 - Industry News

Portfolio Launches Reinsured Service Drive Product

Portfolio announced the launch of Portfolio Edge, a program designed to extend coverage of the manufacturer’s parts and labor warranties on repairs performed in dealership service drives. It also reinsures the extended coverage contracts to the dealer's affiliated reinsurance company.

Tags: PartShield, Portfolio, Service Contracts, Warranty

September 8, 2016 - Industry News

CalAmp Releases Connected Car Mobile Amp

CalAmp unveiled a new telematics system that doubles as an inventory management tool for dealers and a connected car service for consumers when linked to the company's new mobile application.

Tags: LoJack, Mobile Applications, telematics, Vehicle Tracking

September 8, 2016 - Industry News

Car Depreciation Accelerates in August, Black Book Reports

Only two car segments ranked in the Top 12 for strongest monthly retention, the firm reported this week. It added that depreciation for all car segments topped rates recorded during the last three years for the month of August.

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

September 8, 2016 - Industry News

NADA Hires Digital Media Director

The National Automobile Dealers Association (NADA) has hired Abram Olmstead as its digital media director. He will oversee the NADA's communications efforts across all digital platforms.

Tags: hiring, NADA, Social Media

September 8, 2016 - Industry News

E-Credit Express to Integrate NADA Used Car Guide Values Into Platform

E-Credit Express announced today it will integrate NADA Used Car Guide values into its lender management platform to speed up the used-vehicle sale and loan approval process for dealers and finance sources.

Tags: E-Credit Express, NADA, NADA Used Car Guide, Used Vehicles

September 8, 2016 - Industry News

instaVIN Names New Director of Business Development

Edie Hirtenstein, director of business development.

instaVIN has named Edie Hirtenstein director of business development. The 14-year automotive industry veteran will be responsible for managing customer relationships, and identifying and implementing products and services that further expand the business, according to the company.

Tags: hiring, instaVIN, Kar Auction Services

September 8, 2016 - Industry News

New-Vehicle SAAR Falls Below 17 Million in August, Manheim Reports

For the second time this year, the seasonally adjusted annual rate (SAAR) for new vehicles fell below 17 million in August. Manheim, however, said the drop 'may be a good thing."

Tags: Manheim Used Vehicle Report, New Vehicles, SAAR, Used Vehicles, Wholesale Pricing

September 8, 2016 - Industry News

4 Automotive Marketing Firms Merge

TimeHighway.com, Peak Performance, Dealer Product Services and OneCommand have merged. Together, the companies will be called Affinitiv, the firms announced this week.

Tags: Dealer Product Services, OneCommand, Peak Performance, TimeHighway.com

September 8, 2016 - Industry News

J.D. Power Sale Complete

J.D. Power’s sale to XIO Group in London for $1.1 billion was completed this week, the global alternative investments firm announced on Wednesday. J.D. Power will remain headquartered in Costa Mesa, Calif., and will continue to be led by its existing management team.

Tags: Finbarr O'Neill, J.D. Power, XIO Group

September 7, 2016 - Industry News

DealersLink Expands Into Illinois as Part of Nationwide Rollout Plan

DealersLink announced this week it has expanded into Illinois. According to the company, it is aggressively signing on new dealerships in Illinois and plans further expansion into other Midwest markets.

Tags: DealersLink, technology, Wholesale

September 7, 2016 - Industry News

TEGNA to Spin Off Cars.com

Almost a year after purchasing full ownership of Cars.com, the company formerly known as Gannett announced on Wednesday plans to spin-off the digital automotive marketplace into an independent publicly trade company.

Tags: Cars.com, digital marketing, Gannett

September 7, 2016 - Industry News

KAR Auction Services Names New Senior Vice President

Stacey White, senior vice president of enterprise optimization.

KAR Auction Services Inc. has promoted Stacey White to senior vice president of enterprise optimization. The more than 20-year veteran of the auto remarketing industry will maintain her prior duties while also overseeing the company’s procurement and sourcing strategies.

Tags: Kar Auction Services, Promotion, Vice President

September 6, 2016 - Industry News

Five Star Ford of Lewisville Wins F&I Dealer of the Year Award

Texas-based Sam Pack’s Five Star Ford of Lewisville was named F&I and Showroom’s 2016 F&I Dealer of the Year. The award was handed out last Wednesday during the magazine’s annual Industry Summit.

Tags: Awards, Dealership, F&I Dealer of the Year, F&I Pacesetters, Sam Pack's Five Star Ford of Lewisville

September 6, 2016 - Industry News

Manheim Names General Manager for Baltimore-Washington Region

Manheim has appointed John Eriksen as general manager of Manheim Baltimore-Washington, according to a company announcement. In his new role, he will concentrate on serving clients and improving their auction experienced, the company stated.

Tags: Auto Auction, General Manager, Manheim

September 6, 2016 - Industry News

CU Direct Reaches New Milestone

Credit unions funded a record 529,000 auto loans through CU Direct’s Lending 360 and CUDL platforms in the first half of 2016. That amounts to more than $16.1 billion in funded automotive loans.

Tags: Auto Loans, Credit Unions, CU Direct Corporation, CUDL