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January 23, 2017 - Industry News

Jaguar Land Rover Offers UK Customers Virtual Shopping Experience

Jaguar Land Rover is offering car buyers in the United Kingdom to explore all-new models across its global network using virtual and augmented reality. And according to officials, the Virtual Reality Experience kits will be shipped out to U.S. retailers before the end of January.

Tags: Jaguar Land Rover, Virtual Reality, Virtual Showroom

January 23, 2017 - Industry News

Pearl Technology Connects VehicleXchange to Experian’s Expiring Lease Data

The technology provider has transformed its service drive equity tool into a full-service marketing platform. With its new connection to Experian's expiring lease data, OEM and dealer users will be able to identify and extend a firm offer of credit to all qualifying customers with expiring leases within a market or by ZIP code.

Tags: digital marketing, digital retailing, Equity Mining, Off-Lease Vehicles, Pearl Technology, Press Release, VehicleXchange

January 23, 2017 - Industry News

Dent Wizard Opens New Call Center

Driven by continued growth of the company's F&I business, Dent Wizard announced today it has opened a new 3,800-square-foot call center. It's located a mile from Dent Wizard's St. Louis headquarter.

Tags: Appearance Protection, Dent Wizard, paintless dent removal, reconditioning

January 23, 2017 - Industry News

gvo3, DSGSS Collaborate on New Front-End Compliance Platform

Compliance firms gvo3 & Associates (gvo3) and Dealer Safeguard Solutions (DSGSS) have teamed up on a comprehensive front-end compliance platform that incorporates education, certification, execution, inspection and remediation.

Tags: ACE, Automotive Compliance Education, Dealer Safeguard Solutions, Gil Van Over, gvo3 & Associates

January 23, 2017 - Industry News

Ford Credit Invests in Online Car-Buying Platform

The captive announced a new connection to San Francisco-based AutoFi, which provides a platform that allows customers to purchase and finance a new vehicle via the dealership’s website.

Tags: AutoFi, digital retailing, F&I products, Ford Credit, Online Buying

January 19, 2017 - Industry News

Carleton Names New Director of Client and Channel Engagement

The provider of compliance loan calculation and document generation solutions announced that Peter Radike has joined the company’s management team. He bring more than 20 years of experience in the consumer, business, mortgage, credit card, auto, and private-label lending industries.

Tags: auto finance, Carleton, compliance

January 19, 2017 - Industry News

Rapid Recon to Launch ‘Group Reporting’ at NADA

The workflow and reconditioning software and process provider's new offering is designed to compile and index in graphical dashboard format the monthly performance metrics of multi-rooftop operations, providing clarity into the challenges — and potential performance gains — realized by individual dealerships.

Tags: Dennis McGinn, NADA Convention and Expo, Rapid Recon, reconditioning

January 19, 2017 - Industry News

CarHub.com Quiz Targets Super Bowl Viewers

CarHub.com today released results of a consumer survey designed to help manufacturers and marketers select which models to advertise during the upcoming Super Bowl.

Tags: advertising, automaker, Business Development Center, CarHub.com, CarTron, internet department, Online Marketing, Super Bowl

January 19, 2017 - Industry News

House Republicans Allege CFPB Director Violated U.S. Law in New Report

A new report released by Republican members of the House Financial Services Committee charges CFPB Director Richard Cordray with violating federal law when the regulator published its Larger Participant Rule in June 2015.

Tags: auto finance, CFPB, compliance, FEDERAL REGULATION, House Financial Services Committee

January 19, 2017 - Industry News

Compliance Summit Returns to Texas in September

Held alongside Industry Summit for the second consecutive year, Compliance Summit will include one full day of compliance education for dealers, managers, and sales and F&I professionals. An onsite certification courtesy of Automotive Compliance Education (ACE) will be available to all attendees the following day.

Tags: auto finance, Best Training Day Ever, compliance, Compliance Summit, F&I training, Industry Summit

January 18, 2017 - Industry News

MetroGistics Promotes Four Senior Executives

The vehicle-shipping company announced the following promotions: Jeremy Cope to executive vice president of operations and strategy; Martha Garcia-Perry to vice president of growth initiatives and integration; Dustin Ruch to vice president of business development; and Melissa Trautman to vice president of market strategy and integration.

Tags: MetroGistics, vehicle shipping

January 18, 2017 - Industry News

CU Direct Claims $30 Billion in Auto Loans, Pays Cash Dividend

Credit unions funded 1.4 million loans through CU Direct’s Lending 360 and CUDL lending platform, generating a record $30 billion in credit union auto loans in 2016 and surpassing the $26 billion in loans the company funded in 2015.

Tags: auto finance, Credit Unions, CU Direct, CUDL, F&I manager, loan originations

January 18, 2017 - Industry News

Compact Cars Continue to Show Strength

For model years 2008-2014, compact cars realized a wholesale value decline of 0.11% — the lowest level among all small cars. Alternatively, prestige luxury cars and subcompact cars realized the highest wholesale-value declines, with depreciation of 0.69% and 0.64%, respectively.

Tags: Black Book, CPO, small cars, used-vehicle sales, vehicle depreciation, Wholesale Pricing

January 18, 2017 - Industry News

Kontos: December Wholesale Prices Fall, Up 3.9% YOY

Wholesale used-vehicle prices in December averaged $10,642, which was essentially flat with the prior month but up 3.9% from a year ago, according to ADESA Analytical Services.

Tags: ADESA, Kar Auction Services, Tom Kontos, used-vehicle values, Wholesale Pricing

January 18, 2017 - Industry News

F&I Express Announces Initiative to Streamline F&I Product Cancellation Process

The software company today released details on an initiative to electronically integrate major finance sources with F&I product providers in a bid to develop better F&I product cancellation processes and systems.

Tags: auto finance, Dealertrack, F&I Express, F&I products, Repossessions

January 17, 2017 - Industry News

Hyundai-Kia to Invest $3.1B in U.S.

Sister South Korean automakers Hyundai Motor Co. and Kia Motors Corp. will invest $3.1 billion in the U.S. in the next five years and may build a new assembly plant in the United States, Hyundai Motor's president told reporters on Tuesday.

Tags: Donald Trump, Hyundai, Kia, Vehicle Manufacturing

January 17, 2017 - Industry News

Roadster, F&I Express Announce Integration Pact

Through F&I Express’ Express Digital Media Solution, Roadster dealers can now provide car buyers with accurate F&I product quotes and education material from more than 130 F&I product providers.

Tags: digital retailing, F&I Express, F&I products, online F&I, Roadster

January 17, 2017 - Industry News

Technology, Customer Satisfaction to Headline Vehicle Finance Conference

The American Financial Services Association's 21st annual Vehicle Finance Conference will focus on compliance, cyber security, customer satisfaction, and technology. The question the event will attempt to answer is, 'Are we there yet?'

January 17, 2017 - Industry News

EPA Finalizes Green House Gas and CAFE Standards

On Friday, the Environmental Protection Agency finalized the fuel efficiency rules that will guide the federal greenhouse gas and CAFE standards for 2022-2025 model-year vehicles.

Tags: CAFE Regulations, EPA, Fuel Economy, GHG

January 17, 2017 - Industry News

GM Invests $1B in U.S. Manufacturing

General Motors is investing $1 billion in its U.S. manufacturing operations and will move production of axles for its pickup trucks from Mexico, the company announced on the eve of President-elect Donald Trump's inauguration.

Tags: Donald Trump, General Motors, Vehicle Manufacturing

January 12, 2017 - Industry News

Cox Automotive Makes Two Executive Promotions

Cox Automotive this week announced two executive promotions. Rock Anderson Jr. has been promoted to executive vice president of people strategies and John Kovac has been promoted to executive vice president and CMO.

Tags: Cox Automotive, Promotions, Vice President

January 12, 2017 - Industry News

automotiveMastermind Adds Toyota to Its Platform

automotiveMastermind, a predictive analytics and marketing automation technology company for automotive dealerships, today announced that Toyota dealerships across the country will now be able to partner with it.

Tags: automotiveMastermind, Data, marketing, technology, Toyota

January 12, 2017 - Industry News

VinSolutions Announces New Integration with Dealertrack

With the Rates & Residuals enhancement, dealerships now have the ability to structure deals for new and pre-owned vehicles by accessing incentives, rates and programs from both their captive and noncaptive lenders, all within VinSolutions. The portal, powered by Dealertrack, then returns the top retail and/or lease programs based on consumer credit scores.

Tags: Dealertrack, desking, Digital F&I, digital retailing, VinSolutions

January 12, 2017 - Industry News

Autodata: December Sales Push 2016 New-Vehicle Sales Above 17.5 Million

The 3.1% year-over-year increase in new-vehicle sales in December was more than enough to push the industry’s annual sales tally above the 17.5 million-unit mark for 2016, according to Autodata Corp.

Tags: Audi, BMW, Chrysler, December, Ford, GM, Honda, Mazda, Mercedes-Benz, Mitsubishi, Nissan, Porsche, SAAR, Toyota, Vehicle Sales, Volkswagen

January 12, 2017 - Industry News

EPA Accuses FCA of Excess Diesel Emissions

The U.S. Environmental Protection Agency has accused Fiat Chrysler Automobiles of failing to disclose engine management software that increased air pollution in 104,000 diesel-powered Ram 1500 trucks and Jeep Grand Cherokee SUVs in the 2014 to 2016 model years. FCA officials say the software shouldn’t be considered a defeat device.

Tags: Autotrader, emissions, Environmental Protection Agency, Fiat Chrysler, Volkswagen