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January 8, 2018 - Industry News

Cars.com to Convert Affiliates to Direct Sales

A new agreement between Cars.com and McClatchy will convert the online vehicle marketplace’s 17 remaining affiliate markets to its direct sales channel.

January 8, 2018 - Industry News

AIADA: International Nameplate Dealers Optimistic Despite Sales Slip

Total new-vehicle sales didn't grow for the first time since the Great Recession, but the American International Automobile Dealers Association said last week its member dealers remain optimistic about 2018.

Tags: American International Automobile Dealers Associat, new-vehicle sales, SAAR

January 5, 2018 - Industry News

StoneEagle Welcomes New CEO

Cindy Allen has been named CEO of StoneEagle, joining an executive leadership team that includes founder and chairman Bobby Allen and managing partner Brent Allen.

January 4, 2018 - Industry News

Global Autonomous Vehicle Sales to Reach 33M by 2040

Automakers should be able to increase global sales of fully autonomous vehicles to 33 million by 2040 from 51,000 in 2021 — the first year of significant volume, according to a forecast from IHS Markit.

Tags: automatic braking, Autonomous Driving, IHS Markit, Safety, technology

January 4, 2018 - Industry News

F&I Express, F&I Admin Launch Product Cancellation Platform

A strategic partnership between F&I Express and F&I Administration Solutions was designed to create the industry’s first electronic F&I product cancelation process.

January 4, 2018 - Industry News

Top 5 CIM Trends for 2018

The consumer identification management experts at Infutor list artificial intelligence, blockchain marketing and chatbots among the leading trends that will shape the way auto dealers drive appointments and sales this year.

January 3, 2018 - Industry News

Hudco Attorneys to Speak at ABA’s CFSC Winter Meeting

Attorneys Katie Hawkins and Jean Noonan of Hudson Cook LLP will speak at the American Bar Association’s Consumer Financial Services Committee 2018 Winter Meeting next week.

January 3, 2018 - Industry News

Toyota Recalls Pickups, Other Models for Overloading Risk

Photo of Toyota Tundra courtesy of Toyota

Toyota is recalling 649 vehicles because they may have labels that inaccurately specify load-carrying capacity, according to the National Highway Traffic Safety Administration.

Tags: NHTSA, Recall, Toyota

January 3, 2018 - Industry News

Marijuana Use Still Illegal on Calif. Roads

Photo by Evan-Amos/Wikimedia Commons

Marijuana sales for recreational use became legal in California on Jan. 1, but another change in state law prohibits smoking or consuming the drug while driving or riding in a vehicle.

Tags: California, Law, Regulations, Safety

January 3, 2018 - Industry News

Advanced Car Safety Tech Will Roll Out Gradually: HDLI

Screen shot illustrating Toyota's Safety Sense Lane Departure Alert system controls. Image courtesy of Toyota

The Highway Loss Data Institute (HLDI) has projected that 95% of registered vehicles in the U.S. will be equipped with automatic emergency braking in 2045 and equipped with adaptive headlights sometime after 2050.

Tags: Automatic Emergency Braking, Safety, technology

January 3, 2018 - Industry News

Gasoline Prices Jump to $2.49 Per Gallon

Photo by Vince Taroc

The national average price of unleaded gasoline jumped 5 cents to $2.49 per gallon in the first week of 2018 and has reached a level not seen since 2014 during the week that starts the new year, according to AAA.

Tags: Fuel Economy, Gas Prices

December 28, 2017 - Industry News

Top Chef Takes Helm at Florida Dealer Cafés

Culinary Institute of America-trained Chef Earl Weiss has taken his talents to the in-dealership restaurants at Morgan Auto Group’s Sun Toyota and Brandon Honda in Central Florida.

December 27, 2017 - Industry News

4 Automakers Offer Auto-Braking Standard on Most Cars

The 2017 Volvo XC60 SUV includes an updated City Safety AEB system. Photo courtesy of Volvo

Four of 20 automakers reported that automatic emergency braking (AEB) is standard on more than half of their 2017 model-year vehicles, according to an update released jointly by the National Highway Traffic Safety Administration and the Insurance Institute for Highway Safety.

Tags: automatic braking, Automatic Emergency Braking, NHTSA, Tesla Motors, Toyota, Volkswagen, Volvo

December 27, 2017 - Industry News

1.4M Ram Trucks Recalled for Shifter Issue

Photo courtesy of FCA US

FCA US is recalling an estimated 1.48 million Ram trucks in the U.S. to help prevent drivers from inadvertently moving the gear-shifter out of the “park” position because of a faulty brake transmission shift interlock.

Tags: FCA, Ram, Recall, vehicle recall

December 27, 2017 - Industry News

Ford Mustangs Recalled for Instrument Clusters

Photo of Ford Mustang courtesy of Ford

Ford Motor Co. is recalling 2,100 2018 Ford Mustangs so dealers can update the instrument cluster software to address a potential vehicle rollaway risk.

Tags: Ford, Ford Mustang, Recall, Repair, software

December 27, 2017 - Industry News

Nissan Appoints Renault's Le Vot to Oversee North America

Le Vot Photo: Nissan Motor Co.

Nissan Motor Co. has appointed Denis Le Vot to oversee North American sales. Le Vot arrives from Renault, where he has held multiple positions since joining the French automaker.

Tags: leadership, Nissan, People

December 27, 2017 - Industry News

Tax Cut Should Spur Fleet Industry Growth

Photo via Gage Skidmore/Wikimedia.

A tax reform bill signed by President Donald Trump on Dec. 22 is expected to spur economic expansion, bring off-shore corporate revenues back to the U.S., and help fleet management companies make decisions about their operations that aren't tax driven.

Tags: Donald Trump, fleet sales, Tax Revenues

December 26, 2017 - Industry News

LotLinx Announces Move to Bolster VDPs

A new integration with CarNow was designed to strengthen LotLinx’s vehicle display pages.

December 26, 2017 - Industry News

Manheim Hosts ‘Digital Block Sale’ for BMW Financial

The November event allowed dealers to access BMW Financial Services inventory from three Manheim sites via the factory’s Performance Center in Thermal, Calif.

December 21, 2017 - Industry News

J.D. Power: Used Vehicle Price Index Falls 1.4% in November

Underperforming van and car segments led to a decline in J.D. Power's used vehicle price index in November, a reversal from the index's previous three months of consecutive growth.

Tags: J.D. Power, new-vehicle sales, SAAR, Used Vehicle Price

December 21, 2017 - Industry News

NY AG Sues Two Dealerships Over the Sale of Etch

New York Attorney General Eric Schneiderman has filed a lawsuit against Victory Mitsubishi of Larchmont and Victory Suzuki of the Bronx, charging the stores with selling an ‘unwanted and bogus’ anti-theft product.

December 20, 2017 - Industry News

UPDATED: Core F&I Product Could Put Some Auto Finance Deals Under Military Lending Act’s Requirements

Based on an interpretive rule issued by the Defense Department on Dec. 14, including credit-protection products like GAP in a servicemember’s vehicle finance contract could subject it to a slew of restrictions and requirements under the Military Lending Act (MLA).

Tags: compliance, credit insurance, Department of Defense, F&I products, GAP, Military Lending Act, National Automobile Dealers Association, servicemembers

December 19, 2017 - Industry News

VisionMenu Releases Paperless Deal Jacket

Using Paperless Deal Jacket, any form may be signed at the dealership or remotely using the customer’s smartphone. This is facilitated by VisionMenu’s patent-pending vSignature technology.

December 19, 2017 - Industry News

Wells Fargo Names New Head of Consumer Lending

About a month after dismissing its former head of consumer lending, Wells Fargo named Mary Mack to the post. The 33-year Wells Fargo veteran will maintain her prior duties as senior executive vice president of community banking, which she has led since July 2016.

Tags: auto finance, Wells Fargo, Wells Fargo Dealer Services

December 18, 2017 - Industry News

Black Book: Hurricanes Boosted Used-Vehicle Values 2%

Courtesy of Enterprise Holdings.

The firm said hurricanes Harvey and Irma had a similar effect on used-vehicle values as the Clash for Clunkers program had on values in 2009.