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January 26, 2016 - Industry News

2011 F&Idol Winner Joins F&I Think Tank Roster

G.P. Anderson offers a few words after winning the 2011 F&Idol contest.

G.P. Anderson will be one of the featured presenters at F&I Think Tank, a one-day event that will precede Dealer Summit 2016 on Tuesday, May 3, at the Sheraton Tampa Riverwalk Hotel.

Tags: Dealer Summit, F&I manager, F&I products, F&I Think Tank, F&I Training, F&Idol, Gregory Paul Anderson, Thielen Motors

January 26, 2016 - Industry News

Recall Masters Adds New Features to Recall Service

The new features are designed to ensure dealers better identify and communicate with existing and prospective customers who own vehicles with open recalls.

January 22, 2016 - Industry News

F&I Trainer Gould Added to Dealer Summit Roster

Organizers of Dealer Summit announced that Gerry Gould, director of training for United Development Systems Inc. (UDS), will lead a session dedicated to F&I product sales at the event, which will be held May 3–5, 2016, at the Sheraton Tampa Riverwalk Hotel.

Tags: Dealer Summit, F&I Think Tank, F&I Training, Gerry Gould, UDS, United Development Systems

January 21, 2016 - Industry News

Dealertrack Releases 2016 Dealertrack Compliance Guide

The new edition contains new federal laws that have gone into effect this year. It also contains instructions on how dealers can implement a compliance management system, among other features.

Tags: CFPB, Compliance, compliance guide, Dealertrack, FTC

January 21, 2016 - Industry News

House Republicans Ask Attorney General to Halt Ally Settlement Payouts

Republican member of the House Financial Services Committee have once again release internal CFPB documents. This time, the documents show that some settlement checks being dispersed as part of the bureau’s $98 million settlement with Ally Financial and Ally Bank have been going to white borrowers.

Tags: CFPB, Consumer Financial Protection Bureau, Disparate Impact, Settlement

January 21, 2016 - Industry News

CFPB: BHPH Dealer to Pay $800,000 for Abusive Financing Practices

The Consumer Financial Protection Bureau has taken action against Herbies Auto Sales for abusive financing schemes, hiding auto finance charges and misleading consumers. The buy-here, pay-here operation was ordered to pay $700,000 in restitution and a civil penalty of $100,000.

Tags: buy-here, CFPB, Consumer Financial Protection Bureau, Deceptive Practices, fine, pay-here

January 20, 2016 - Industry News

UDS's Romani Joins Dealer Summit Roster

Organizers of Dealer Summit announced that United Development Systems Inc. (UDS)’s Fernando Romani has agreed to speak at the event, which is scheduled for May 3–5, 2016, at the Sheraton Tampa Riverwalk Hotel.

Tags: Dealer Summit, F&I manager, F&I Think Tank, F&I trainer, Fernando Romani

January 20, 2016 - Industry News

Former Penske Finance Director Named CNA’s VP of National Accounts

Saundra Stewart assumed her new role on Jan. 4. The former finance director for Penske Automotive most recently served as executive vice president of sales for Topline Strategies.

Tags: CNA National, F&I products, Penske Automotive Group, Saundra Stewart

January 20, 2016 - Industry News

Edmunds Releases New Lead Generation Tool

According to the firm's internal traffic data, about 500,000 consumers use its site every month to appraise their vehicles, Edmunds' new MyAppraise taps into this pool of active users to generate potential leads for partnered dealerships.

Tags: Edmunds MyAppraise, Edmunds.com, Lead Generation, Online Marketplace, Used-Car Sales

January 19, 2016 - Industry News

Vehicle Reliability a Growing a Concern for Car Buyers, J.D. Power Finds

The J.D.Power 2016 U.S. Auto Avoider Study examined the reasons consumers purchased, rejected and avoided models in the marketplace during 2015. According to the survey, vehicle reliability has become a top consideration.

Tags: Car Buyers, car buying, J.D. Power, Study, Survey

January 19, 2016 - Industry News

ADESA Names New Executive Director of Dealer Relations

The KAR Auction Services business unit has promoted Ryan Warzynski to executive director of dealer relations, a role in which he will manage all of ADESA’s dealer contact centers for vehicle inventory at the company’s auction locations across the country.

Tags: ADESA, KAR Auction Services, Ryan Warzynski

January 19, 2016 - Industry News

Wash. Dealer Ordered to Pay $74,000 for Deceptive Advertising

Rairdon’s Dodge Chrysler Jeep of Kirkland agreed to pay $35,125 in civil penalties and $39,210 in costs and fees. The dealership was charged with violating the state's Consumer Protection Act for sending out 7,025 promotional mailers that mimicked official NHTSA recall notices.

Tags: Chrysler, consumer protection, Dodge, Jeep, mailers, National Highway Traffic Safety Administration

January 19, 2016 - Industry News

GoMoto, Market Scan Develop New Sales Experience for Kuni Honda

The dealership will utilize GoMoto’s HUBs, large-format kiosks and mobile software, combined with Market Scan’s application to personalize a consumer’s buying experience.

Tags: CSI, Customer Experience, GoMoto, Honda, Market Scan

January 19, 2016 - Industry News

Cox Names Eric Jacobs Senior Vice President of Corporate Development

Eric Jacobs, senior vice president, Corporate Development.

Dealertrack's former CFO will lead strategic business development across Cox Automotive, including mergers and acquisitions.

Tags: appointment, Cox Automotive, Dealertrack, Vice President

January 15, 2016 - Industry News

Dealer Summit 2016 to Host F&I Think Tank

The one-day preshow event was created in partnership with Ethical F&I Managers, a more than 5,000-member Facebook group created by F&I and Showroom’s ‘Mad’ Marv Eleazer. It’s scheduled for Tuesday, May 3, at the Sheraton Tampa Riverwalk Hotel.

Tags: Dealer Summit, F&I manager, F&I Process, F&I products, F&I Think Tank, Mad Marv, objection handling

January 14, 2016 - Industry News

Hearst Promotes Black Book's Cross to Group Head of Transportation

Tom Cross was named executive vice president and deputy group head of transportation for Hearst Business Media. He will retain his title of president of Black Book and will continue to report to Hearst President Richard P. Malloch.

Tags: Black Book, executive vice president, Promotion

January 14, 2016 - Industry News

Autotrader: Consumers Want Advanced Safety Features on Their Next Vehicle

AutoTrader's 2016 Car Tech Impact Study showed that 77% of consumer surveyed will make in-car technology a bigger consideration than color on their next vehicle purchase. And what they want most are advanced safety features such as parking assist, collision avoidance and automatic braking.

Tags: automatic braking, Autonomous Driving, Autotrader, In-Car Technology, Safety

January 14, 2016 - Industry News

GM to Launch Online Shopping Portal for Low-Mileage Used Cars

General Motors' decision to open up its remarketing channel to consumers through an online car-buying portal may give dealers pause, but officials said the move is designed to help GM dealers compete with third-party sites that are disrupting the used-car market.

Tags: General Motors, mileage, Online Buying, Used Vehicles

January 13, 2016 - Industry News

Judge Denies TrueCar’s Motion to Dismiss Dealer Lawsuit

A U.S. District judge denied TrueCar’s request to dismiss the lawsuit filed by 162 non-TrueCar dealers last March, but he did throw out four of the complaint’s six claims that the vehicle-buying site violated federal and New York laws by engaging in false and misleading advertising.

Tags: Bellavia Blatt, Leonard Bellavia, TrueCar

January 13, 2016 - Industry News

Robertson to Offer Glimpse into Future at Dealer Summit

Organizers of Dealer Summit announced that David Robertson, longtime executive director of the Association of Finance & Insurance Professionals (AFIP), will present a session dedicated to regulatory compliance at the 2016 event, which will be held May 3–5 at the Sheraton Tampa Riverwalk Hotel.

Tags: AFIP, Association of Finance and Insurance Professionals, Dealer Summit, Florida

January 13, 2016 - Industry News

Hudson Cook Promotes Allen H. Denson to Partner

Denson, who has been an associate with the firm since January 2014, represents financial institutions and other creditors in investigations and litigations with federal financial regulators like the CFPB and FTC.

Tags: attorney, Hudson Cook LLP, Promotions

January 12, 2016 - Industry News

NADA Used Car Guide Introduces NADA Values Online

NADA Used Car Guide has replaced its NADA Online product with NADA Values Online, offering lenders and automotive dealers new features as well as a more streamlined experience.

Tags: NADA, NADA Used Car Guide, NADA Values Online, Pricing, Used Vehicles

January 12, 2016 - Industry News

RoadVantage Announces New F&I Bundle

RoadVantage has announced a new addition to its Preferred customizable bundles. The new offering adds environment interior and exterior coverage to a package that already includes tire-and-wheel protection, cosmetic/alloy wheel repair, windshield repair, dent and ding, key replacement and emergency roadside service.

Tags: dent-and-ding, environmental protection, Key Replacement, RoadVantage, windshield protection

January 12, 2016 - Industry News

2015 New-Vehicle Sales Reaches 17.5 Million Units

New-vehicle sales for 2015 totaled 17.5 million units, with the industry closing out the year with December sales of 1.6 million units, according to Autodata Corp.

Tags: BMW, Chrysler, December, Ford, General Motors, Honda, Hyundai, Mazda, Mercedes-Benz, Mitsubishi, Nissan, SAAR, Toyota, Volkswagen

January 8, 2016 - Industry News

Registration Open for Dealer Summit 2016

Organizers of Dealer Summit announced that registration is now open for the event, which is scheduled for May 3–5, 2016, at the Sheraton Tampa Riverwalk Hotel.

Tags: Compliance, Dealer Summit, DealerStrong, Digital Marketing, Greg Goebel, Jim Ziegler, lead conversion, Reinsurance, Sales, special finance