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June 30, 2016 - Industry News

Roadster Launches Ecommerce Solution for Dealers

Roadster announced today it’s making its Express Storefront available as a white-label solution for dealers. The mobile eCommerce platform is designed to allow dealers to bring the entire car-buying experience online, from merchandising to home delivery.

June 29, 2016 - Industry News

SurgeCurve CEO Seeks 12 More Dealerships for New Marketing Platform

SurgeCurve, a new web-based customer engagement and marketing tool, launched Tuesday. With its release, company CEO Matt Rutkovitz announced that he’s seeking 12 additional retailers to experience how his new “Meet the Sales Team” online video tool works.

June 29, 2016 - Industry News

Technology Veteran Joins AutoLoop as COO

Alex Eckelberry, COO, AutoLoop. 

AutoLoop has appointed Alex Eckelberry as its new COO. The technology veteran will be responsible for overall operations of the company.

Tags: AutoLoop, COO, hiring

June 29, 2016 - Industry News

DealerSocket Adds LenderPay Integration to FEX DMS

DealerSocket’s FEX DMS is now integrated with ProPay’s LenderPay platform. The partnership, the company stated, will allow FEX users to select the credit processor that best fits their dealership’s unique needs.

Tags: Credit Processing, DealerSocket, ProPay, Software

June 29, 2016 - Industry News

OP-ED: NADA Chairman Calls on Dealers to Rally Behind CFPB-Reform Bill

Introduced in March, U.S. Senate Bill 2663 aims to repeal the bureau's March 2013 guidance on dealer participation and add a few more steps to the regulator's guidance-writing activities. In an op-ed piece posted on the NADA's website, Chairman Jeff Carlson offers his thoughts on the legislation and explains why dealers need to rally behind it.

Tags: CFPB, dealer participation, Jeff Carlson, NADA

June 29, 2016 - Industry News

Mobile Phones, Online Research Shrinking Shopping Window, Study Shows

From start to finish, the time it takes consumers to pull the trigger on a vehicle purchase is shrinking. And according to a new study from Jumpstart Automotive, Millennials are the reason.

Tags: Car Shopping, Consumers, Dealership, Jumpstart Automotive, Study

June 28, 2016 - Industry News

RoadVantage Completes Second Annual SSAE 16 Type II Audit

RoadVantage has successfully completed its second annual SSAE 16 (SOC 1) Type II audit, ensuring the company’s controls and procedures continue to conform to industry standards for best practices, according to a company announcement.

Tags: Audit, RoadVantage, SSAE

June 28, 2016 - Industry News

Former Nissan Dealer to Pay $101,986 for Deceptive Practices

About 119 former customers of Saratoga Springs Nissan who were charged illegal fees and sold F&I products without their knowledge will share in $101,986 in restitution, according to the settlement reached between the dealership's former owner and the New York Attorney General's Office.

Tags: Attorney General, Crime, Deceptive Advertising, Deceptive Practices

June 28, 2016 - Industry News

96.7% of Jeeps Are U.S.-Built, Experian Reports

An Experian analysis found that out of all auto brands that sell in the United States, Jeep had the highest percentage of vehicles built domestically. According to the analysis, 96.7% of Jeeps on U.S. roads were assembled in the country.

Tags: American, Analysis, Experian, Experian Automotive, Jeep

June 27, 2016 - Industry News

KBB Predicts Record Sales in June

Kelley Blue Book expects June new-vehicle sales to increase 5% from a year ago to 1.55 million units. This predicted increase should result in an estimated 17.1 million seasonally adjusted annual rate (SAAR).

Tags: Compact Segment, CUV, June Sales, KBB, Kelley Blue Book, Mid-Size Segment

June 27, 2016 - Industry News

Helion Gains UCSE Tier 1 Support Certification

With its new certification, Helion Automotive Technologies is now authorized to work with auto dealers to design, program and implement custom UC systems, as well as provide support for day-to-day operations and perform high-level troubleshooting.

Tags: Communications, Dealerships, Helion Technologies, ShoreTel

June 27, 2016 - Industry News

EFG Companies Names Vice President of Compliance

Steve Roennau, vice president of compliance, EFG Companies.

EFG Companies has named 30-year industry veteran Steve Roennau vice president of compliance, the company announced last week.

Tags: EFG Companies, hiring, Vice President

June 24, 2016 - Industry News

CNA National Appoints New Chief Actuary

Karen Queen, chief actuary for CNA National Warranty Corporation.

Karen Queen has been appointed as the chief actuary for CNA National Warranty Corp. She spent the last nine years with CNA National's parent company, where she most recently served as the assistant vice president for professional liability pricing.

June 23, 2016 - Industry News

Supreme Court Rules in Favor of Dealers in Overtime Pay Dispute

In a 6-2 decision, the Supreme Court vacated the 9th U.S. Circuit Court of Appeals' ruling that service advisors qualified for overtime pay because they were not considered “salesmen” under the Fair Labor Standard’s Act (FLSA).

Tags: Overtime, Service Advisors, Supreme Court

June 23, 2016 - Industry News

Edmunds.com Predicts Best June Sales in 11 Years

Edmunds.com said today it expects the industry to post the best June sales since June 2005, when 1.67 million vehicles were registered. The retail SAAR should come in at 13.6 million units, with fleet transactions accounting for 20.1% of total sales, according to the firm.

June 23, 2016 - Industry News

Gen Z Buying 6.5 Times More Used Cars Than New

Shoppers age 18 to 24, or Generation Z, buy 6.5 times more used cars than new cars, according to an analysis of Polk vehicle registration data analyzed by Edmunds.com. While it’s not surprising that college-aged consumers are buying used cars, what they’re buying is.

Tags: Edmunds, Generation Z, Used Vehicles

June 23, 2016 - Industry News

ADESA Promotes Two to Dealer Services Leadership Roles

The business unit of KAR Auction Services has promoted C.J. Lopez to director of major dealer accounts, and Kjersta Loyd to regional dealer sales manager for the Mideast and Midwest regions.

Tags: ADESA, Auto Auctions, Used Vehicles

June 22, 2016 - Industry News

J.D. Power: Initial Quality Shows Largest Improvement in Seven Years

Kia ended the 27-year reign of premium brands by ranking highest among all nameplates in J.D. Power’s annual study. Overall, new-vehicle quality improved 6%, which was double last year’s 3% improvement.

Tags: General Motors, Hyundai, Initial Quality Study, J.D. Power, Kia, Toyota, Volkswagen

June 22, 2016 - Industry News

NADAUCG: May's Used-Vehicle Price Index Rises for First Time This Year

The firm reported that wholesale prices for cars eight years or older fell 2% in May, which was better than the 2.7% drop recorded for the month over the last four years. The improvement led to the first increase this year in the NADA Used Car Guide's used-vehicle price index.

Tags: NADA, NADA Used Car Guide, Used Vehicle Prices, Used Vehicles

June 22, 2016 - Industry News

Black Book: Depreciation Rates Showing Consistency

Over the last four weeks, depreciation rates for both cars and trucks have begun to show some consistency, according to Black Book, with truck depreciation picking up from the spring season.

Tags: Black Book, Used-Car Values, vehicle depreciation

June 22, 2016 - Industry News

New Mitsubishi Dealership Opening in South Florida

A new Mitsubishi dealership is coming to the Bonita Springs/ Naples area. Bonita Springs Mitsubishi, owned by retail veterans Bill Doraty and Jeff Johnson, is scheduled to open Monday, June 27.

Tags: Grand Opening, Mitsubishi, New Dealership

June 21, 2016 - Industry News

F&I Dealer of the Year: Nomination Deadline Extended

David-Moore Automotive's Sean Tarbell accepts the 2015 award from The Warranty Group's Ash Bauer and F&I and Showroom's Gregory Arroyo.

F&I and Showroom has extended the nomination deadline for its F&I Dealer of the Year award to Wednesday, July 13.

Tags: F&I Dealer of the Year, F&I department, F&I manager, F&I Pacesetters, F&I process

June 21, 2016 - Industry News

Confident's Service Financing Product Now in 410 Franchised Dealerships

Confident Financial Solution's auto repair financing program has experience strong growth this year, the company reported this week. It now has 1,000 retailers offering its product, including 410 franchised new-car dealers.

Tags: Confident Financial Solutions, Consumer-Facing, Finance

June 21, 2016 - Industry News

RouteOne Brings Econtracting to Southeast Toyota Finance Dealers

RouteOne announced this week that Southeast Toyota Finance, a provider of automotive financing for 176 dealers in the southeastern United States, will now include econtracting on its automotive finance platform.

Tags: eContracting, RouteOne, Southeast Toyota Finance, Toyota

June 21, 2016 - Industry News

Former Credit Union CEO Charged With Fraud

The former CEO of Valor Federal Credit Union was charged with executing a scheme to defraud the credit union of approximately $718,000 to pay for his personal credit card, college tuition, his wife's birthday party, and a golf tournament sponsorship.

Tags: Attempted Fraud, FBI, Fraud, Investigation, U.S. Attorney's Office, Valor Federal Credit Union