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February 10, 2015 - Industry News

Idaho Legislators at Odds Over Proposed Dealer Rule

Earlier this month, Idaho’s House Transportation and Defense Committee narrowly affirmed regulations that would mandate how long car dealers should be open each week.

Tags: Idaho, legislation

February 5, 2015 - Industry News

GM Financial Triples Share of GM Leases

GM Financial officials said Ally shouldn’t be surprised by GM’s decision to internalize its lease program. The company ended the year with a 50% share of GM’s lease business.

Tags: Ally Financial, Fourth Quarter, General Motors, GM Financial, Leasing, Quarterly Earnings

February 5, 2015 - Industry News

Automakers Report Strong January Sales

January’s total new-vehicle sales increased 13.7% from a year ago to 1.51 million units, according to Autodata Corp. January’s seasonally adjusted annual rate was 16.66 million, a slight dip from the 16.92 million SAAR recorded in December.

February 4, 2015 - Industry News

Solera Holdings Acquires Service Dynamics

Risk and asset management software and services provider Solera Holdings has acquired Service Dynamics to enhance its digital offerings for dealers.

Tags: Acquisition, AutoPoint, Parts and Service, Technology

February 4, 2015 - Industry News

Vehicle Search Engine Helps Shoppers Find New Cars

AutoWeb is a new free vehicle search engine designed to help car shoppers search for and find a vehicle based on specific search criteria.

Tags: social media marketing, vehicle search, website

February 4, 2015 - Industry News

The Next Up Wins Sales Process Award at NADA

The Next Up was awarded an Automotive Website Award in the Sales Process category by PCG Digital Consulting during the NADA Convention in Las Vegas.

Tags: Awards, NADA, Sales Manager, Sales Process, The Next Up

February 4, 2015 - Industry News

Utah Bill Would Send Sales Tax to Car Buyer’s Hometown

Rep. Ken Ivory (R-Utah) has introduced legislation that would send the sales-tax revenue from car sales to the hometown of the car buyer, instead of the city where the dealership is located.

Tags: legislation, sales tax, Utah

February 4, 2015 - Industry News

Penn. Dealer Pocketed Customer Fees, Police Say

The owner and operator of a Pennsylvania dealership has been accused of taking money from at least 40 customers and not submitting title and registration paperwork and fees to the state’s Department of Transportation.

Tags: Compliance, Fraud, vehicle title

February 3, 2015 - Industry News

Ally Financial Names New CEO

Jeffrey Brown, who headed up Ally’s dealer-financial services business, will succeed Michael Carpenter, who is retiring from his post and from the company’s board after five years.

Tags: Ally Financial, Jeffrey Brown, Michael A. Carpenter

February 3, 2015 - Industry News

Black Book: Vehicle Depreciation to Rise in 2015

Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings.

Tags: Black Book, Fitch Ratings, Report, used-vehicle values, vehicle depreciation

February 3, 2015 - Industry News

CNW: January Used-Vehicle Sales Total 2.38 Million Units

The research firm attributed the 2% gain in used-vehicle sales to higher CPO sales and a growing inventory of fresh off-lease vehicles. Even independents felt the trickledown effect of quality used vehicles.

Tags: CNW Research, Used-Car Sales

February 3, 2015 - Industry News

Flick Fusion Updates Videos With 2015 Models

Flick Fusion added 2015 make and model-year cars to its expanded library of PicMotion new vehicle inventory videos.

Tags: Flick Fusion, online marketing, Video Advertising

February 3, 2015 - Industry News

Mercedes-Benz, BMW See Boost from Super Bowl Ads, Edmunds Reports

Mercedes-Benz and BMW saw significant traffic spikes on Edmunds.com after ads from the two companies ran during the Super Bowl, according to real-time analysis from Edmunds.com.

Tags: BMW, commercials, Edmunds.com, Mercedes-Benz, Super Bowl

February 3, 2015 - Industry News

Ally ‘Highly Confident’ About Overcoming Boot From GM Leasing Program

During a quarterly earnings conference call last week, Ally’s former CEO opened up about General Motors’ unexpected decision to move all of its lease incentives to its captive, GM Financial.

Tags: Ally Financial, GM Financial, IPO, Leasing, Quarterly Earnings

January 29, 2015 - Industry News

Zurich Unveils Tablet F&I Menu

David Putz (left), senior vice president and head of direct markets for Zurich, and Vincent Santivasi (right), vice president of business development for Zurich’s F&I division, demoed the company new tablet menu and F&I process at the 2015 NADA Convention & Expo.

Officials with the F&I product provider said at last week’s NADA Convention & Expo that the company didn’t just develop a tablet menu, it developed a mobile F&I process.

Tags: customer interview, F&I Presentation, F&I Process, iPad, mobile menu, Zurich

January 28, 2015 - Industry News

Manheim's 'Used Car Market Report' Shows Growth, Stability

In its 20th year, Manheim’s Used Car Market Report showed that slightly more than 42 million used vehicles were sold last year. It also showed that dealership used-vehicle operations produced record profits.

Tags: Manheim, Manheim Used Vehicle Report, Remarketing, Wholesale

January 28, 2015 - Industry News

ADESA Introduces 30-Day Buyback Guarantee

The firm’s ADESA Assurance is a new no-questions-asked return guarantee on select, one-owner, off-lease vehicles sold on ADESA DealerBlock.

Tags: ADESA, Auto Auctions

January 28, 2015 - Industry News

Grey Dominates Car Colors, Swapalease.com Reports

Eighty percent of the cars and trucks in the Swapalease.com auto lease marketplace are in the gray family, including white and black.

Tags: Survey, Swapalease.com

January 28, 2015 - Industry News

DealerRater Introduces New Product Lineup

DealerRater has added ServiceEngage and 360Connect products to its Certified Dealer Program toolkit to strengthen dealer online visibility and customer engagement.

Tags: DealerRater

January 28, 2015 - Industry News

Manheim, Hendrick Automotive Partner to Create Auction Operation

Manheim has established Manheim Charlotte, an onsite auction operation at a Hendrick Automotive Group dealership in Concord, N.C.

January 28, 2015 - Industry News

AutoLoop Achieves Reynolds Vendor Pre-Certification

Autoloop has applied for and was granted entry into Reynolds’ Certified Interface Program but has not yet completed the entire Reynolds certification process.

Tags: AutoLoop, Reynolds & Reynolds

January 28, 2015 - Industry News

OnlineBKmanager.com Upgrades Web-Based Lead Software

After 18 months of development and programming, OnlineBKmanager.com now has the ability to deliver leads to franchised dealers on a daily basis. Upgrades also include improvements to the company’s exclusive multi-step lead cleansing process.

Tags: bankruptcies, Internet Leads, OnlineBKManager

January 28, 2015 - Industry News

DealShield Launches Vehicle Sourcing Training

The firm now offers a Certified Buyer Program designed to educate buyers on risk mitigation when purchasing auction vehicles.

Tags: Auto Auctions, DealShield

January 27, 2015 - Industry News

NADA Issues Compliance Guide on Federal Advertising Rules

In response to the FTC’s targeting of dealer ads, the NADA released at its annual convention last week a new publication designed to help new-car dealers comply with federal advertising requirements.

January 27, 2015 - Industry News

The Next Up Unveils Geo-Fencing Solution

The Next Up launched a geo-fencing product, LiveDrive, to help managers better determine test drive success based on route, time spent and speed.

Tags: Test Drive, The Next Up