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March 18, 2015 - Industry News

Midwest Compliance Summit Promises ‘Can’t-Miss’ Agenda

The next installment of Compliance Summit, scheduled for April 20-21, will feature high-profile compliance experts and thought leaders covering front-end compliance topics.

Tags: Compliance, David Gesualdo, Randy Crisorio, United Development Systems

March 18, 2015 - Industry News

DealerSocket Selects FlickFusion as Primary Video Marketing Platform

DealerSocket has selected FlickFusion’s Video Marketing Platform as its primary video marketing platform for its DealerFire website customers.

Tags: DealerSocket, Flick Fusion, Video Advertising

March 18, 2015 - Industry News

ADESA Acquires Used Vehicle Auction

ADESA has expanded its presence in the Pennsylvania auction market with the acquisition of Pittsburgh Auto Auction. This location joins two other ADESA auctions in the region, ADESA Pittsburgh and ADESA PA.

Tags: ADESA, Auto Auctions

March 18, 2015 - Industry News

Dealership Agress to Reimburse Customer for Unpaid Trade-In

A customer of a dealership damaged in Superstorm Sandy was forced to make payments on a trade-in he sold to the dealership last summer. After being contacted by a local news channel, the dealership arranged to reimburse the customer.

Tags: insurance, Superstorm Sandy

March 17, 2015 - Industry News

Cordray: CFPB Disagrees With Conclusions of CRA Study

CFPB Director Richard Cordray fielded questions about dealer compliance programs and a recent study calling out the bureau’s methods for determining discrimination during a semi-annual report to Congress earlier this month.

Tags: American Financial Services Association, BISG, CFPB, Congress, Consumer Financial Protection Bureau, Richard Cordray, Study

March 17, 2015 - Industry News

CEO of Larry H. Miller Group Steps Down

Greg Miller is stepping down as the CEO of the Larry H. Miller Group of Companies after seven years to pursue personal interests.

Tags: CEO, Greg Miller, Larry H. Miller Dealerships, Utah

March 17, 2015 - Industry News

CNA National Hires New CIO

CNA National Warranty Corporation has selected Sean Harding as its new chief information officer, effective March 16.

Tags: CNA National, Hiring

March 17, 2015 - Industry News

Westlake Financial Adds ACI UP Bill Payment Solutions

ACI Up Bill Payment Solutions will allow Westlake customers to pay their loans with a debit card or ACH, which can accept payments online, through a mobile device, or via phone or text.

Tags: Online, Payment Plan, Westlake Financial Services

March 17, 2015 - Industry News

GWC Warranty Celebrating 20 Years in Business

F&I product provider GWC Warranty is celebrating its 20th year of business in 2015.

Tags: GWC Warranty Corporation

March 17, 2015 - Industry News

LendingTree Study Indicates Subprime ‘Auto Bubble’ Unlikely

A new study from LendingTree contradicts media claims of a subprime bubble. It shows that finance sources are not taking part in risky lending practices despite growing subprime originations.

Tags: Auto Lending, Equifax, LendingTree, Subprime, Wells Fargo

March 12, 2015 - Industry News

Midwest Compliance Summit Set for April

The next Compliance Summit event is set to be held April 20–21, 2015, in Illinois. The full day of educational sessions is open to automotive industry professionals involved in front-end compliance.

Tags: attorney, Compliance, general agents, Regulations

March 11, 2015 - Industry News

New Service Helps Dealers Manage Recalls

AutoAp says its new Dynamic Recall Management SM service can significantly reduce the time and risk associated with selling vehicles with open recalls.

Tags: vehicle recall

March 11, 2015 - Industry News

Voting for 2015 Dealers’ Choice Awards to Open March 16

Voting for Auto Dealer Monthly’s 2015 Dealers’ Choice Awards will open Monday, March 16. The awards recognize the industry’s leading third-party vendors, suppliers and finance companies.

Tags: Auto Dealer Monthly, Dealer's Choice Awards

March 11, 2015 - Industry News

Arbitration Clauses Limit Consumer Relief, CFPB Says

In a report released this week, the regulator revealed that 75% of consumers did not know whether they were subject to an arbitration clause in their agreements with their financial service providers. The study covered six different consumer finance markets, including auto loans.

Tags: arbitration agreements, CFPB, Consumer Financial Protection Bureau, Dodd-Frank Act

March 11, 2015 - Industry News

5 Dealers Awarded for Excellence in Toyota Rent a Car Program

Five Toyota dealerships in the Southeast region are among 56 to receive the 2014 National Leadership Award for outstanding performance in the Toyota Rent a Car program.

Tags: Awards, rental operation, Toyota

March 11, 2015 - Industry News

Berkshire Hathaway Completes Acquisition of Van Tuyl Group

Warren Buffet’s company has completed its acquisition of the Van Tuyl Group, the largest privately held dealership group in the United States. The transaction was announced in October.

Tags: Acquisition, Van Tuyl Auto Group

March 10, 2015 - Industry News

ADESA Marketplace App Released For Android

ADESA’s Marketplace mobile app is now available for Android users after being exclusive to iOS since last September, the auction company announced.

Tags: ADESA, Auction, Mobile Applications

March 10, 2015 - Industry News

Autosoft Certifies StoneEagle Technology Solutions for Integration With FLEX DMS

StoneEagle has completed the certification process for integration with the FLEX DMS as part of Autosoft’s FLEX Connect Program.

Tags: AutoSoft, DMS, DMS integration, StoneEagle

March 5, 2015 - Industry News

CNA National Named Finalist for BBB Award

The Better Business Bureau of Central, Northern and Western Arizona named the F&I product provider a finalist for the 2015 BBB Business Ethics Awards.

March 4, 2015 - Industry News

Calif. Dealer Settles Suit Over Fatal Crash

Bob Baker Lexus has reached a settlement with the family of four people killed in a car crash involving a loaner vehicle from the dealership.

Tags: Lawsuit, Lexus, Settlement, Toyota, vehicle recall

March 4, 2015 - Industry News

Utah Lawmakers Take Aim at State Dealer Laws

Four bills up for consideration in the current legislative session would change how dealers do business in the state. The bills were proposed by Republicans who view the current dealer laws as anti-competitive.

Tags: legislation, sales tax, Sunday Sales Ban, Utah

March 3, 2015 - Industry News

New-Car Transaction Prices Climb in February, KBB Reports

New-car prices increased 3.6% over last February, with Hyundai-Kia showing the largest percentage gain of all major OEMs.

Tags: February, Kelley Blue Book, New Vehicles, Transaction Prices

March 3, 2015 - Industry News

Mass. Dealer Sued for Selling Defective Cars

Massachusetts Attorney General Maura Healey has filed a complaint against a used-car dealer who allegedly had customers fill out blank contracts and then charged them at least twice the agreed-upon price for defective cars.

Tags: Attorney General, defect, Fraud, Lawsuit, Massachusetts

March 3, 2015 - Industry News

J.D. Power: In-Car Tech Impacting Dependability, Brand Loyalty

Bluetooth connectivity and voice recognition issues are the most frequently reported problems after three years of ownership, according to J.D. Power's 2015 U.S. Vehicle Dependability Study.

Tags: J.D. Power and Associates, Study, Technology, Vehicle Dependability, vehicle quality

February 26, 2015 - Industry News

Santander Agrees to $9.35 Million DOJ Settlement

Santander has agreed to settle charges that it illegally repossessed more than a thousand cars it financed for active service members over a five-year period.

Tags: Debt Collection, Department of Justice, Santander, Subprime