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January 31, 2017 - Industry News

Two ProMax Execs Become Owners

ProMax Unlimited CTO Darian Miller and COO Shane Born acquired minority ownership stakes in the software company.

January 31, 2017 - Industry News

EFG Companies: F&I Industry Faces Murky 2017

John Pappanastos, president and CEO of EFG Companies

The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.

Tags: Consumer Financial Protection Bureau, digital retailing, Donald Trump, EFG Companies, interest rates, new-vehicle sales, Regulations, used-vehicle sales

January 31, 2017 - Industry News

Black Book: The Analytics Age Is Upon Us

Black Book has released a new white paper about the different types of data analytics and how automotive industry professionals are using them.

January 30, 2017 - Industry News

Outsell Forms Customer Advisory Board, Demos New Tools at NADA

Outsell formed and convenved its first customer advisory board at the National Automobile Dealers Association (NADA) Convention and Expo. The technology firm also announced the launch of several new digital marketing tools.

January 30, 2017 - Industry News

FCA Adding Up to 400 New Dealerships

Fiat Chrysler has begun a major expansion of its dealerships, and may add as many as 400 new stores in the U.S., dealers familiar with the plan told Automotive News.

January 30, 2017 - Industry News

eLEND Study: Mobile Technology Adoption Hampered by Resistance to Change

Sixty percent of respondents to the technology provider’s dealer survey indicated that they are not considering using tablets in either their sales or F&I departments. Aside from resistance to change, respondents cited cost and an undefined ROI as reasons for not using mobile tablets.

Tags: digital retailing, eLend Solutions, tablet menu, technology

January 30, 2017 - Industry News

Advent DMS Adds myCarfax Tools

Dealers now have access to myCarfax Service Shop tools through Advent Resources' DMS. The collaboration was designed to make resources such as Carfax Service History Check and Carfax QuickVIN available to Advent dealers immediately.

January 30, 2017 - Industry News

NADA Chairman: Hope for the Best, Prepare for the Worst

Jeff Carson likened his year as chairman of the NADA to piloting a plane during a ‘catastrophic electrical failure,” noting that he experienced situations where he started out on what seemed a routine path only to have outside events toss his flight plan out the window.

Tags: CAFE Regulations, Consumer Financial Protection Bureau, dealer participation, Jeff Carlson, NADA

January 30, 2017 - Industry News

DealerSocket Clients Get Carfax Snapshot Tool

Carfax's Snapshot Tool is now available to dealers on the DealerSocket website platform. The feature puts key vehicle history details for specific vehicles on search results pages and VDPs

Tags: Carfax, DealerSocket, technology, VDPs

January 30, 2017 - Industry News

Advent, Darwin Form Strategic Alliance

The DMS maker is working with Darwin to provide a fully integrated version of Darwin’s prescriptive selling/F&I menu solution to Advent dealers as part of the strategic alliance.

Tags: Advent Resources, Darwin Automotive, DMS, DMS integration, F&I manager, F&I menus

January 30, 2017 - Industry News

The Work Number Connects With Digital Matrix Systems

Digital Matrix Systems has added Equifax Workforce Solutions' income and employment verification service.

January 30, 2017 - Industry News

Experian Announces New Senior Vice President of Automotive Sales

The information services firm announced that John DeMarco has joined the company as senior vice president of automotive sales. He brings 27 years of leadership experience, having held a number of senior leadership roles at firms like CDK Global and Ford Motor Co.

Tags: CDK Global, Experian Automotive, Ford Motor Co., John DeMarco

January 30, 2017 - Industry News

VinSolutions Announces New Integration with Dealertrack

The integration has resulted in a new upgrade for VinSolutions Connect Desking tool. Called Rates & Residuals, the new feature allows users to structure deals for new and pre-owned vehicles by accessing incentives, rates, and captive and noncaptive lending programs within VinSolutions.

Tags: auto finance, CRM, Deal Structuring, Dealertrack, desking, VinSolutions

January 27, 2017 - Industry News

Industry Summit 2017: Big Value in Big D

Industry Summit moves to Dallas in September for its biggest annual event yet. It is scheduled for Sept. 11–14, 2017, at the Gaylord Texan in Grapevine, Texas.

January 26, 2017 - Industry News

CalAmp Announces Nationwide Availability of LoJack Telematics Solutions

LotSmart by LoJack offers automotive dealerships detailed information about the status of their inventory. The telematics solution also offers a seamless sell-through option for dealers to grow incremental revenue by offering SureDrive to consumers who want a comprehensive aftermarket connected-car solution.

Tags: CalAmp, Connected Vehicle, LoJack, telematics

January 26, 2017 - Industry News

RoadVantage Teams With The Academy on New Training Initiative

The Academy is led by F&I trainer Tony Dupaquier. The program includes workshops for personnel at all levels within F&I and sales operations, and is designed with today’s internet-educated shoppers in mind.

Tags: digital retailing, F&I manager, F&I training, Garret Lacour, Internet Shopper, RoadVantage, The Academy, Tony Dupaquier

January 25, 2017 - Industry News

KBB: January Sales to Fall 3% YOY

After a record December capped off a record year for new-vehicle sales, January appears to be enduring a hangover effect, the vehicle information site said. It expects sales to decline 3% from a year ago to 1.13 million units.

Tags: fleet sales, Kelley Blue Book, new-vehicle sales, Retail Sales

January 25, 2017 - Industry News

RouteOne’s Econtracting Platform Now Features Remote Document Delivery

The new technology allows users of RouteOne's econtracting solution to send their customers a secure link to access their deal files. Buyers can review the documents in the dealership on their own smartphone or tablet, or they can log in at home to review, save or print them for later reference.

Tags: compliance, digital retailing, econtracting, RouteOne

January 25, 2017 - Industry News

Spireon Launches Kahu Connected Car Solution at NADA

The new solution was designed to provide streamlined lot management, a new F&I profit center, and proactive maintenance reminders.

January 25, 2017 - Industry News

Wise F&I Integrates With OptionSoft

Wise F&I's product lineup is now integrated with OptionSoft's menu software.

January 25, 2017 - Industry News

KBB Names Best Resale Values for 2017-MY

The 4Runner is one of four Toyota vehicles that earned a Best Resale Value Award from Kelly Blue Book for the 2017 model-year. Photo courtesy Toyota Motor Sales USA Inc. 

Kelley Blue Book has released the winners of the Best Resale Value Awards for the 2017 model-year. Top honorees include vehicles produced by Toyota, Porsche and General Motors.

January 25, 2017 - Industry News

AutoGravity Launches Digital Finance Platform

AutoGravity's smartphone-based auto finance platform is now available to car buyers in 46 states, the company announced this week.

Tags: AutoGravity, digital retailing, online F&I

January 25, 2017 - Industry News

Roadster Adds Vehicle Recommendation Feature to Ecommerce System

The company’s new Vehicle Recommender tool for the iPad empowers dealership salespeople to instantly identify the right car for customers from the moment they set foot in the dealership. It’s available as a new feature of Roadster’s Express Storefront iPad app.

Tags: digital retailing, Ecommerce, online F&I, Roadster

January 25, 2017 - Industry News

Edmunds: New-Vehicle Sales to Fall in January

The vehicle information site expects new-vehicle sales to total 1.15 million units in January, a 31.5% decrease from December and a 0.7% decrease from January 2016.

Tags: Edmunds, fleet sales, new-vehicle sales, Retail Sales

January 25, 2017 - Industry News

ChannelNet Transforms Hyundai Capital’s Dealer Portal Into Real-Time Sales Tool

Launched in 2016, the portal acts as a cross-channel, integrated platform that applies ‘customer-centric principles’ to the dealer staff experience, officials said. Usage is role based, personalized and mobile friendly.

Tags: captive finance, ChannelNet, digital retailing, Hyundai Capital, salesperson, showroom, Vehicle Sales