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May 6, 2015 - Industry News

Chrysler to Offer Free College to Dealership Employees

Strayer University, in partnership with Chrysler, has developed the Degrees@Work program, which will be offered for free to employees of Chrysler, Jeep, Dodge, Ram and FIAT dealerships.

Tags: Chrysler, Fiat, Training

May 1, 2015 - Industry News

Texas DMV Halts Plan to Fine Dealers With CarGurus Listings

The Texas Department of Motor Vehicles Enforcement Division has pulled back on its plan to fine dealers with listings on after the department and the shopping site discussed revisions to CarGurus’ advertising practices in a call yesterday.

Tags: CarGurus, Deceptive Advertising, DMV, online shoppers, Texas, Texas Automobile Dealers Association

April 30, 2015 - Industry News

Texas Dealers Could Face Fines Over CarGurus’ Business Practices

Dealers could face fines over CarGurus' advertising practices. At issue is the way the company lists used-car prices on its site, including projected savings below market value and price drops.

Last week, the Texas Department of Motor Vehicles Enforcement Division issued a cease-and-desist letter to CarGurus and the state’s dealer association, threatening dealers with fines up to $10,000 a day if the shopping site does not revise its advertising practices.

Tags: CarGurus, Deceptive Advertising, DMV, fine, Texas

April 29, 2015 - Industry News

AGWS Adds VP of Training

Industry veteran and compliance expert Bob Harkins will serve as vice president of training for American Guardian's AGWS University.

Tags: American Guardian Warranty Services, F&I products, Training

April 28, 2015 - Industry News

Annual Cost to Own a Vehicle Falls 2%, AAA Finds

Decreases in gas prices and finance charges related to auto loans fueled the decline, but rises in maintenance and tire replacement costs make F&I protections an important consideration for vehicle owners.

Tags: AAA, Cost to Own, F&I manager, F&I products, Road Hazard Protection, Tire and Wheel, Vehicle Service Contract

April 28, 2015 - Industry News

Credit Unions Now Third Largest Auto Lender Type, CUDL Reports

Credit unions are competing aggressively in the automotive marketplace, financing one in four auto loans so far in 2015, CU Direct reports.

Tags: Credit Unions, CU Direct Corporation, CUDL, Delinquencies, loan originations

April 28, 2015 - Industry News

Auto/Mate Tops Times-Union Workplace Rankings

Auto/Mate Dealership Systems not only made the publication's Top Workplace list for the fourth consecutive year in a row, it landed in the top spot for the first time.

Tags: Albany Times Union, Auto/Mate, Awards, top workplace

April 28, 2015 - Industry News

Motor Trend Certifies Massachusetts Dealer

As of April 17, First Acura has become the exclusive Motor Trend-certified dealer in Seekonk, Mass.

Tags: certified pre-owned vehicles, Motor Trend

April 27, 2015 - Industry News

Ally to Replace Mitsubishi’s Captive Finance Arm

Ally Financial and Mitsubishi Motors North America have announced that Ally will become the preferred financing source for Mitsubishi Motors in the United States, replacing the brand's captive finance company.

Tags: Ally Financial, captive finance, Mitsubishi

April 27, 2015 - Industry News

Firm Suing TrueCar Adds to Litigation Team

Bellavia Blatt & Crossett has added Thomas Williams, Esq., to its litigation team prosecuting TrueCar for false advertising.

Tags: Bellavia Blatt, false advertisements, haggle, Lawsuit, Leonard Bellavia, TrueCar

April 23, 2015 - Industry News

Putting F&I Online Increases Profits, MakeMyDeal Finds

A new study from Cox Automotive company MakeMyDeal found that 63% of consumers would be more likely to buy F&I products if they could learn about them on their own time before entering a dealership.

Tags: Cox Automotive, F&I products, Online Financing, Study

April 22, 2015 - Industry News

GWC Warranty VSCs Now Available in All 50 States

After receiving regulatory approval in Alaska, the F&I product provider announced that it's now able to operate in all 50 states.

Tags: F&I manager, F&I managers, F&I menus, F&I products, GWC Warranty Corporation, vehicle service contracts

April 22, 2015 - Industry News

More Drivers Using Green to Go 'Green,' Experian Finds

Latest Experian study shows consumers buying an alternative-powered vehicle are more likely to pay cash than those buying a gas-powered vehicle

Tags: Earth Day, electric vehicles, Experian Automotive, Hybrid Vehicle

April 21, 2015 - Industry News

Asbury’s Q Auto Stores a Work in Progress

The tablet-driven, fixed-price F&I process at Asbury’s Q Auto stores didn’t perform as well as the traditional F&I process employed at the group's core stores, but officials said they are happy with the new format’s progress.

Tags: Asbury Automotive, F&I Process, First Quarter, mobile menu, Quarterly Earnings, Used Vehicles

April 21, 2015 - Industry News

In-Vehicle App Integration to Rise, IHS Reports

In a new study highlighting the influence of mobile applications on car buyers, IHS Automotive officials said they expect significant growth in vehicle app integration over the next few years.

Tags: app, IHS Automotive, Mobile Applications, smartphones, Study

April 21, 2015 - Industry News

SNAAC Announces New Hires and Promotions

Security National Automotive Acceptance Company has added three senior-level leaders and five new team members.

Tags: Hiring, SNAAC

April 21, 2015 - Industry News

Hudson Cook Adds Partner to N.Y. Office

Hudson Cook LLP has added Trisha Cacciola as a partner in its Long Island, N.Y. office.

Tags: Hiring, Hudson Cook LLP, Tom Hudson

April 21, 2015 - Industry News

Superior Integrated Solution Reaches Milestone With Ford SMARTT Dealers

Superior Integrated Solutions announced that that it has surpassed seven million DMS transactions with Ford SMARTT dealers.

Tags: CRM, DMS, DMS integration, F&I products

April 21, 2015 - Industry News

Tablet Usage Especially Low in F&I, Study Finds

An informal survey conducted by Auto/Mate Dealership Systems found that only 20% of dealership sales and service department utilize tablets. In F&I, only 7% of F&I departments polled employ a tablet-driven process.

Tags: Auto/Mate, F&I Process, mobile solution

April 20, 2015 - Industry News

Vboost Hits Viral Marketing Milestones

Vboost Inc. announced that it has sent 250,000 photo communications on behalf of its dealer clients.

Tags: milestone, online marketing, Social Media, social media marketing

April 15, 2015 - Industry News

VinSolutions Releases Equity Mining Tool

VinSolutions has added a new feature to its VinConnect CRM solution called Target. It enables dealers to mine their customer databases to find more existing sales opportunities.

Tags: equity, Marketing, Sean Stapleton, VinSolutions

April 15, 2015 - Industry News

SureCritic Hits One Million-Review Mark

SureCritic's website achieved the milestone in just four years. The firm collects information from a business' point-of-sale system and emails customers requesting a review within 24 hours of their visit.

Tags: Customer Reviews, milestone, online marketing, SureCritic

April 14, 2015 - Industry News

SHIFTMobility Integrates Carfax Information Into App

SHIFTMobility has become part of myCarfax, integrating Carfax vehicle information into its ShopLite mobile solution.

Tags: Carfax, Management, Vehicle Maintenance, VIN

April 14, 2015 - Industry News

CFPB Faces Mounting Criticism, New Bipartisan Bill

On the same day The Wall Street Journal published an op-ed piece critical of the CFPB’s targeting of the indirect auto finance channel, a bipartisan bill was introduced that aims to repeal the bureau’s guidance on dealer participation.

Tags: Ally Financial, CFPB, Congress, Consumer Financial Protection Bureau, Department of Justice, Indirect Lending, legislation, Richard Cordray

April 14, 2015 - Industry News

NIADA Effort to Halt Oregon BHPH Bill Succeeds

A bill aimed at restricting the practices of buy-here, pay-here dealers in Oregon is off the legislative agenda following an effort by the NIADA to educate lawmakers about the legislation’s potential harmful effects on consumers.

Tags: bhph, bhph dealers, BHPH legislation, buy-here, National Independent Automobile Dealers Associatio, NIADA, pay-here