September 20, 2017 - Industry News
TrueCar and Team Red, White & Blue have partnered to support Old Glory Relay, a 4,600-mile journey across America that will deliver a free van to a deserving veteran or active military member.
The new program combines the ‘as you drive’ benefits of the F&I product provider’s ancillary products, including dent-and-ding, windshield repair, interior/exterior repair, and key replacement, with a lease-end benefit.
Tags: dent-and-ding, F&I products, key replacement, Lease, RoadVantage, windshield protection
CarStory Insights is a new feature that adds predictive analytics functionality to Vast’s artificial intelligence platform.
Gubagoo’s new Credit Pre-Qualification feature is designed to provide dealers with rich data they can use to prequalify customers during an online chat session.
Gubagoo has launched Outbound Texting, a new feature designed to add permission-based SMS texting to the company’s ResQ mobile and desktop app.
September 19, 2017 - Industry News
The subprime pullback continued in the second quarter. However, the big news was the continued shift toward used by consumers with prime and superprime credit.
Despite the nine-basis-point increase, the auto loan default rate remains near levels recorded one year ago. However, declining auto sales and the normal end-of-year push to make room for newer models may encourage easier credit conditions and raise concerns about future defaults.
Tags: auto defaults, auto finance, new-vehicle sales, S&P/Experian
Hearst Autos now has a new, permanent office in the Antique Row district of Chamblee, Ga., near Atlanta. According to officials, the overall idea of the new office space was to create an innovative and inspiring environment.
Automotive Finance Corp. and TradeRev are encouraging dealers to ‘go digital’ by offering zero interest and no floorplan financing fees for 45 days on vehicles bought and sold on TradeRev.
Michigan’s No. 1 import dealership has moved into a new, state-of-the-art facility in Auburn Hills, Mich. The 27,000-square-foot facility sits on 10 acres and has the capacity to sell and serve more than 500 cars per month.
Tags: facility upgrades, Kia, New Dealership, Richard Lalonde, Summit Place Kia
September 18, 2017 - Industry News
Sponsored by F&I Express, the awards program is designed to honor companies and individuals driving innovation in the digital F&I space.
Tags: AutoGravity, digital retailing, F&I Digital Media Awards, online F&I
The former vice president of sales for Dominion Dealer Services will be responsible for leading the entire InterActiveTel organization, as well as maintaining business development partnerships and driving the adoption of the company's suite of communication products.
Client Command’s new Active Shoppers Network was designed to generate more leads for auto dealers by delivering powerful audience data.
Former FordDirect executive and 20-year industry veteran John Gottschalk has joined LotLinx as senior vice president of client relationships.
September 14, 2017 - Industry News
U.S. Transportation Secretary Elaine Chao released a new set of voluntary federal guidelines for autonomous vehicles on Sept. 12 — a move the Trump administration said will make federal regulatory processes "more nimble to help match the pace of private sector innovation."
Tags: Autonomous Driving, Donald Trump, Fully Autonomous
Manheim and ADESA reopened their Florida auction facilities last week, as Hurricane Irma moved north toward Tennessee.
Tags: ADESA, Auctions, Hurricanes, Manheim
As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox Automotive.
Tags: Hurricanes, Natural Disaster
AutoGravity capped off its two-category win in the 2017 F&I Digital Media Awards with recognition as the contest’s Grand Prize Winner at Industry Summit.
Accelerated Service International (ASI) has launched TruGAP, a new product designed to meet customers’ expectations for coverage and value and raise the bar for GAP coverage industrywide.
September 12, 2017 - Industry News
Accelerated Service International (ASI) has launched Care Free VSC, a new program designed to benefit agents, dealers and customers with a combination of highly favorable terms and a built-in maintenance component.
September 8, 2017 - Industry News
The F&I program provider released a series of non-brand-specific videos designed to raise consumer awareness about nine F&I protections and the value they provide vehicle owners. The videos can be downloaded for free and posted to a dealer’s website or played in a dealership’s waiting room.
Tags: digital marketing, F&I office, F&I process, online F&I, RaodVantage
Ivan ‘Pudge’ Rodriguez will greet attendees and sign complimentary copies of his autobiography, ‘They Call Me Pudge,” at Industry Summit in Dallas.
Tags: Industry Summit
CDK Global and ActivEngage Inc. have partnered to launch Concierge Chat, a new feature built into CDK’s Next Gen websites.
September 7, 2017 - Industry News
Out of the 22 vehicle segments tracked monthly by Kelley Blue Book, only 10 posted higher sales numbers compared to the first eight months of 2016. Of those 10, large vehicles commanded eight of those spots.
Tags: Kelley Blue Book, new-vehicle sales, SAAR
Income development company SouthWest Dealer Services (SWDS) has acquired Spokane, Wash.-based Evergreen Dealer & Insurance Services (Evergreen). Financial terms of the transaction were not disclosed.
Tags: F&I products, F&I training, general agents, Southwest Dealer Services
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