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May 6, 2015 - Industry News

Most Dealers Unprepared for CFPB Regulations, eLEND Finds

In a recent survey, eLEND Solutions found that while 80% of dealers expect the CFPB to implement regulations that would replace dealer participation with mark-up thresholds or a flat-fee model, only 40% have plans in place to meet those requirements.

Tags: CFPB, Compliance, Consumer Financial Protection Bureau, eLend, F&I Presentation, Online Marketing

May 6, 2015 - Industry News

Autos On Video Integrates with Flick Fusion

Flick Fusion Video Marketing announced that it has been selected by Autos On Video to integrate the company’s video inventory application with its automated video generation and marketing platform.

Tags: Flick Fusion, Systems Integration, Video Advertising

May 6, 2015 - Industry News

Swapalease.com Reports Volatile April Lease Credit Approvals

The lease approval rate jumped 31% from March to April, the highest since November 2014, Swapalease.com reports.

Tags: April, Credit Applications, lease originations, Swapalease.com

May 6, 2015 - Industry News

Auto/Mate Hosts User Summit for Customers

Auto/Mate Dealership Systems announced that more than 70 of its customers and 15 sponsorship partners attended the Auto/Mate User Summit in Westborough, Mass.

Tags: Auto/Mate, DMS, Training

May 6, 2015 - Industry News

AutoHook on Track to Provide Over 700,000 Leads in 2015

HookLogic announced that its AutoHook suite of products is on track to deliver over 700,000 leads and is trending toward 100,000 walk-ins for its auto dealer clients in 2015.

Tags: HookLogic, Internet Leads, Lead Generation, Saas

May 6, 2015 - Industry News

A1 Launches Selly Sales Platform

A1 Software Group announced the launch of a mobile-centric, social, lightweight sales platform called Selly Automotive.

Tags: CRM, mobile platform, mobile solution, Selly Automotive

May 6, 2015 - Industry News

Chrysler to Offer Free College to Dealership Employees

Strayer University, in partnership with Chrysler, has developed the [email protected] 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 CarGurus.com 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