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July 10, 2017 - Industry News

Helion Earns Top-100 Ranking From MSPmentor

Helion Automotive Technologies is ranked No. 69 out of 501 in MSPmentor’s latest ranking of the world’s top managed services providers.

July 8, 2017 - Industry News

VisionMenu Introduces F&I by Design

VisionMenu has launched F&I by Design, a customizable, paperless F&I solution.

July 7, 2017 - Industry News

O’Loughlin Joins Compliance Summit Roster as Featured Speaker

Attorney, compliance expert and former regulator Terry O’Loughlin will deliver a featured presentation devoted to Rules and Regulations at the upcoming Dallas Compliance Summit.

Tags: compliance, Compliance Summit, Reynolds & Reynolds, Terry O'Loughlin

July 7, 2017 - Industry News

O’Loughlin to Deliver Keynote Address at Industry Summit

Attorney, compliance expert and former regulator Terry O’Loughlin will deliver the opening luncheon keynote address to attendees of Compliance Summit, Lender Summit and the P&A Leadership Summit.

July 6, 2017 - Industry News

Edmunds: Term Lengths Stretch to All-Time High in June

At a record 69.3 months, average new-vehicle finance terms have stretched 6.8% from five years ago. The average amount financed and average monthly payment also registered new highs.

Tags: average finance amount, average term, Average Transaction Price, Monthly Payments

July 6, 2017 - Industry News

VW Credit Invests in AutoGravity

With its announced investment, Volkswagen’s captive finance company joins the automotive fintech firm’s mobile car shopping and financing platform. VW Credit also launched its own AutoGravity-powered smartphone app.

Tags: auto finance, AutoGravity, Captive, digital retailing, online F&I, Volkswagen Credit

July 6, 2017 - Industry News

Premier Chevrolet Buick GMC Named West Virginia's First Motor Trend Certified Dealer

Premier Chevrolet Buick GMC was selected to be the first dealership in West Virginia able to certify its pre-owned vehicles with the exclusive Motor Trend Certified designation. The dealership began selling Motor Trend Certified vehicles in May.

Tags: EasyCare, Motor Trend, Premier Chevrolet Buick GMC, pre-owned, used-vehicle sales

July 5, 2017 - Industry News

Paul Miller Auto Outlet Named Exclusive Motor Trend Certified Dealership

The dealer was selected to be the only dealership in Lexington, Ky., able to certify its pre-owned vehicles with the exclusive Motor Trend Certified designation.

Tags: EasyCare, Motor Trend, Paul Miller Auto Outlet

July 5, 2017 - Industry News

International Nameplate Dealers Record Fourth Straight Sales Dip

The nation’s 9,600 international nameplate franchises registered their fourth straight sales decline in June, but the association representing them said dealers are feeling confident about the second half of 2017.

Tags: American International Automobile Dealers Associat, new-vehicle sales, transaction prices

July 5, 2017 - Industry News

Greg Goebel to Address Industry Summit and PALS

Special finance guru Greg Goebel will deliver the evening keynote address to a combined audience of Industry Summit and P&A Leadership Summit attendees.

Tags: DealerStrong, Greg Goebel, Industry Summit, special finance, Special Finance Conference

July 5, 2017 - Industry News

New-Car Transaction Prices Grow Less than 2% in June

Transaction prices grew slower than usual for the month of June, rising 1.5% from a year ago to $34,442. Transaction prices for popular categories like full-size trucks and mid-size cars were flat, while the average for a compact SUV rose only 1%.

June 30, 2017 - Industry News

NMAC President Named Infiniti Executive

Pictured is Mark Kaczynski, former president of Nissan Motor Acceptance Corp.

Mark Kaczynski, president of Nissan’s captive finance company since December 2011, was named vice president of administration and finance for the automaker’s Infiniti luxury brand. Replacing him as president of NMAC is Nissan Canada Finance’s Kevin Cullum.

Tags: auto finance, captive finance, Kevin Cullum, Mark Kaczynski, Nissan Motor Acceptance Corp.

June 30, 2017 - Industry News

Portfolio Acquires California-Based F&I Agency

The F&I product provider has acquired Folsom, Calif.-based Finance Concepts LLC, one of its largest producing agencies. Terms of the transaction were not disclosed.

Tags: Brent Griggs, Capital Z Partners, F&I product provider, F&I products, F&I training, Finance Concepts, general agents, Portfolio Group

June 30, 2017 - Industry News

Portfolio Earns 10th Straight Top Ranking in Dealers’ Choice Awards

Portfolio’s victory continues a remarkable run for the only reinsurance provider to earn a Dealers’ Choice Award in every year since the program began in 2008.

June 29, 2017 - Industry News

UDS Celebrates Milestone

United Development Systems Inc. (UDS), a full-service income development company, is celebrating 35 years in the F&I performance arena.

Tags: F&I menu, F&I performance, F&I process, F&I technology, F&I training, general agents, Randy Crisorio, United Development Systems

June 29, 2017 - Industry News

Peak SUV: Red-Hot Segment Poised for Slowdown

A new report from Edmunds says bloated inventories and escalating incentives could signal a market correction for booming SUV sales.

June 29, 2017 - Industry News

Ganther to Serve as Featured Speaker at Dallas Compliance Summit

Attorney and Mosaic Compliance Services cofounder Jim Ganther will deliver a featured presentation on Easy-to-Implement Processes and Controls at Compliance Summit in September.

Tags: CFPB, CMS, complaint management system, compliance, compliance management system, Compliance Summit, digital retailing, Industry Summit, James Ganther, online F&I

June 28, 2017 - Industry News

Florida Law Addressing Factory Image Programs Takes Effect

Pictured is Florida Gov. Rick Scott.

Aside from entitling dealers to benefits and incentives tied to an OEM-ordered renovation for up to 10 years after construction is completed, the new law prohibits manufacturers from creating and enforcing performance standards that are unfair and don’t account for local and regional differences.

June 28, 2017 - Industry News

Bankrate Lists Top 10 Affordable Car Towns

Bankrate’s latest Car Affordability Survey finds Washington, D.C., is the most affordable city in which to buy a new car.

June 27, 2017 - Industry News

J.D. Power/LCM: June SAAR Expected to Fall to Five-Year Low

Despite record incentive spending, the auto industry is on pace to record its weakest first-half sales performance since 2014, according to the two firms. Days to turn remained at 70 through June 18, the highest level since July 2009.

Tags: days to turn, fleet sales, Forecast, incentive spending, new-vehicle sales, SAAR

June 27, 2017 - Industry News

FrogData Names National Sales Director

FrogData’s rapid expansion continues with the hiring of Heiser Automotive Group and CDK Global executive Chris Dulla.

June 27, 2017 - Industry News

Carfax, MeridianLink Offer Lenders Access to Vehicle History Reports

Auto lending executives now have access to Carfax reports via MeridianLink’s LoansPQ loan origination system.

June 26, 2017 - Industry News

SouthwestRe Wins Gold in 2017 Dealers’ Choice Award

SouthwestRe took home the Gold award in the Service Contract Reinsurance category in this year's Dealers’ Choice Awards.

June 26, 2017 - Industry News

Portfolio Launches QUANTUM VSC

The company’s newest vehicle service contract offering was designed to cover ‘essential’ new electronic components.

Tags: F&I manager, F&I products, In-Car Technology, vehicle service contract

June 26, 2017 - Industry News

KBB: June New-Vehicle Sales Tracking at 4% Below a Year Ago

The vehicle information site put June's SAAR at 16.3 million, which would mark the fourth month in a row the SAAR comes in below 17 million. It would also be the longest below-17-million streak since the six-month streak set at the end of February 2015.