February 8, 2017 - Industry News
The group’s F&I operations posted a $60 increase in F&I profit per vehicle retailed during a quarter in which the nation’s eighth largest auto retailer chose volume over margin.
Tags: Asbury Automotive, F&I products, F&I profit per vehicle retailed, new-vehicle sales, used-vehicle sales
Carleton Inc. announced the hiring of Sarah Way, an attorney whose expertise includes business law, contract development and documentation, intellectual property regulations, property insurance law, and other litigation disciplines.
Tags: Carleton, compliance, Sarah Way
Jumpstart Automotive Media released its annual report listing the Super Bowl car commercials that drove the most online engagement.
Volvo Car USA LLC announced that buyers of the 2017 V90 wagon can order their vehicle direct from the OEM’s Gothenburg, Sweden, factory. The service can be initiated online or at a Volvo dealership.
Automotive Broadcasting Network has joined the ranks of companies certified by General Motors' Dealer Technology Assistance Program.
The connected car and telematics provider announced that Gary Tucker has joined the company as CEO. Tucker leaves his role as CEO of dealer review site DealerRater.com.
Tags: Connected Vehicle, Dealerrater, Gary Tucker, telematics, Zubie
February 7, 2017 - Industry News
Barry McMillan, who has led RouteOne Canada since 2003, will retire at the end of this month. Assuming his duties is Anthony Goulbourne, who was promoted to senior vice president.
Tags: digital retailing, F&I manager, RouteOne Canada
The National Association of Business Resources named EasyCare to its ‘Best and Brightest Companies to Work For” list, which the association put together in partnership with an independent research firm.
Tags: CoVideo, EasyCare, F&I products, GWC Warranty Corporation, Human Resources
Manheim's Tom Webb believes the 0.3% year-over-year decrease could have been much worse considering the "sharply rising" supply of used units.
Tags: Manheim, Manheim Used Vehicle Report, Tom Webb, used-vehicle values, Wholesale Pricing
ADT contributor Rico Glover and his team from Bryan Honda will deliver a presentation on dealership digital marketing in New York City next month.
The connection, which features erating and econtracting capabilities, provides access to the F&I product provider’s full suite of branded protection products, including GAPWise, WiseCARE, TIREWise, WISETVP, THEFTWise and KEYWise.
Tags: DMS, DMS integration, F&I manager, F&I products, Reynolds & Reynolds, Wise F&I
Brandon Honda and sister dealership Sun Toyota are winners of DealerRater’s 2017 Consumer Satisfaction Award, an annual recognition given to auto dealerships in the United States and Canada that deliver outstanding customer service as rated by online consumer reviews.
Tags: Brandon Honda, Customer Reviews, Dealerrater, Sun Toyota
GWC Warranty's 'Behind the Wheel' dealer story series now features the story of Texas Cars Direct. It's the fourth video in the series, and focuses on owner Pete Bulban, who founded Texas Cars Direct more than 35 years ago.
Tags: F&I products, GWC Warranty Corporation, Pete Bulban, Texas Cars Direct, Used-Vehicle Service Contracts
According to officials, this is the first time the sales expert and trainer has endorsed a dealership software solution in his more than 30-year career.
Tags: CRM, Dealership Solutions, Grant Cardone, VinSolutions
February 3, 2017 - Industry News
President Donald Trump took his first step toward making good on his promise to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, signing on Friday an executive order directing the secretary of the Treasury to review the 2010 financial oversight law.
Tags: Consumer Financial Protection Bureau, Dodd-Frank Act, Donald Trump, Richard Cordray
February 2, 2017 - Industry News
Senate Republicans have reintroduced legislation aimed at replacing the CFPB’s single-director structure with a five-member bipartisan board. The bill was unveiled as Congressional Democrats and state regulators pledged to defend Director Richard Cordray and his agency.
Register to learn about how online reviews can enhance your online reputation, get you noticed on top sites, and drive customer purchase decisions.
Tags: Dealerrater, Edmunds, Google, online reputation management, online reviews, Podium, Yelp
AutoNation has named William "Bill" Berman president and COO of the public dealer group. The 30-year auto retail veteran replaces Mike Jackson, who remains the company's chairman and CEO.
Tags: AutoNation, Marc Cannon, Mike Jackson, William Berman
February 1, 2017 - Industry News
Volkswagen has agreed to pay $1.2 billion to buyers of vehicles powered by its emissions-violating 3.0L V-6 diesel engine as part of a settlement that still requires approval from the U.S. Federal Trade Commission and a federal judge.
Tags: Federal Trade Commission, Volkswagen, Volkswagen Scandal
Through RouteOne’s online credit application and econtracting platform, users of Pearl’s Showroom Xpress digital retail platform can contract car buyers on mobile devices and websites.
Tags: digital retailing, econtracting, online credit application, Pearl Technology, RouteOne, ShowroomXpress
A sales mix in favor of utility vehicles drove up January’s average transaction price 3.3% from a year ago to $34,968. Among the greatest beneficiaries were the Detroit Three, with General Motors leading the way.
Tags: Average Transaction Price, Kelley Blue Book, new-vehicle sales
Appearance protection solutions provider Dent Zone Companies has announced the formation of Nobilis Group, a new entity consisting of the Dent Zone, AutoBodyGuard and PDR LINX lines of business.
Ford is launching the Commercial Vehicle Center dealer program to replace the Business Preferred Network. According to officials, the new program offers improved service, better parts availability and a new loyalty program.
Tags: fleet sales, Ford
While the truck segment realized its best week in terms of vehicle depreciation last week, values for used luxury cars tumbled, according to Black Book’s Jan. 31 Market Insights Report.
Tags: Black Book, used-vehicle values, wholesale values
Leasing accounted for 31% of new-vehicle sales in 2016, up from 29% in 2015. And according to the vehicle information, nearly one-third of all millennials turned to leasing to secure a new vehicle.
Tags: Auto Sales, Edmunds, vehicle leasing
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