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June 12, 2017 - Industry News

13 Attorneys General Vow to Fight Emissions Easing By Trump

Photo via Wikimedia.

A coalition of 13 attorneys general led by New York Attorney General Eric Schneiderman told the Trump administration it could expect a "vigorous" legal challenge to any attempt to weaken pollution standards for light-duty vehicles.

Tags: Attorney General, CAFE Regulations, compliance, emissions, Eric Schneiderman

June 12, 2017 - Industry News

New Study Reveals Shift Toward Used

A survey of more than 9,000 vehicle owners found that 38% of them plan to buy used on their next purchase. That percentage grew to 53% among individuals under 40 years ago age.

Tags: Autolist.com, new-vehicle sales, used-vehicle values

June 12, 2017 - Industry News

RouteOne Econtracting Exceeds $200 Billion in Contract Funding

The technology firm's econtracting platform has now booked 7.5 million econtracts. It also claims more than 6,000 active dealers, 36 live and in-pilot finance sources, and 12 econtracting-integrated dealership management systems.

June 12, 2017 - Industry News

Hackers Target Dealer Social Media Posts

Dealer IT security expert Erik Nachbahr is warning dealers not to click on social media posts that may contain malware.

June 12, 2017 - Industry News

Auto/Mate DMS Integrates With DealerMine’s CRM

Dealers who use both systems will benefit from the increased business intelligence that their DMS and CRM deliver via real-time data exchanges between the systems

June 12, 2017 - Industry News

NAADA: Succession Planning Remains a Challenge for Dealers

Nearly a third of dealerships don’t have a succession plan in place, according to a survey conducted by the National Alliance of Auto Dealer Advisors. The No. 1 inhibitor is time and the current owner’s willingness to step back.

Tags: National Alliance of Auto Dealer Advisors, Succession Planning

June 8, 2017 - Industry News

NADA Launches New Digital Collection of Archives

As part of its 100th anniversary, the National Automobile Dealers Association has partnered with the Hagley Museum and Library, a Smithsonian affiliate, to create a digital collection of historic publications, press releases, photographs, video and other collateral.

June 8, 2017 - Industry News

American Auto Shield, KISS Concepts Unveil Customizable VSC Program

A month after joining forces with American Auto Shield, KISS Concepts' Rod Heasley announced the launch of a new vehicle service contract program that allows buyers to build their own unique plan.

Tags: American Auto Shield, F&I product, KISS Concepts Group, vehicle service contract

June 8, 2017 - Industry News

RoadVantage Voted No. 1 F&I Provider by Dealers Nationwide

RoadVantage won the first-place Diamond award in the F&I Product category in the 2017 Dealers’ Choice Awards.

June 8, 2017 - Industry News

F&I Think Tank Heads to Dallas With Arroyo at the Helm

F&I and Showroom’s Gregory Arroyo will chair the 20 Group-like event, which will close out Industry Summit 2017 on Sept. 14. This year’s theme: ‘Making F&I Great Again.’

Tags: Career Advice, F&I director, F&I manager, F&I process, F&I products, F&I Think Tank, F&I training, Industry Summit

June 8, 2017 - Industry News

AAA Spills the Truth on Oil Changes

The motor club found that synthetic oil performs nearly 50% better than conventional oil in tests. AAA also found, however, that most U.S. drivers are either unsure or do not believe the more expensive synthetic oil is better for a vehicle’s engine.

Tags: oil change, Parts and Service, Prepaid Maintenance

June 8, 2017 - Industry News

Galpin Becomes Exclusive Kia Outlet for California’s San Fernando Valley

The dealership officially opened its doors in October 2016. It’s currently housed in a temporary facility while its permanent showroom is being built.

Tags: Galpin Motors, Kia Motors America

June 7, 2017 - Industry News

Dominion Integrates Autobase CRM With DealActivator Equity Mining

Dominion Dealer Solutions announced the integration its Autobase CRM with its award-winning DealActivator equity-mining tool. Photo courtesy Dominion Dealer Solutions

The integration was designed to provide auto dealers with real-time updates seamlessly in both Autobase’s CRM and DealActivator’s award-winning equity mining tool.

June 7, 2017 - Industry News

Subprime Auto Originations Fall to 10-Year Low

Reflecting the shift toward more creditworthy borrowers was the rise in average credit scores for both new- and used-vehicle loans. But the retreat from the high-risk tiers also comes during a quarter in which the average new-vehicle finance amount and monthly payment reached record highs.

Tags: 30-day delinquency rate, auto finance, average term, deep subprime, Monthly Payments, subprime, transaction prices

June 7, 2017 - Industry News

Crisorio, Kamal to Chair 2017 Compliance Summit

UDS’s Brian Crisorio and Auto Dealer Today’s Tariq Kamal will serve as co-show chairs for this year’s Compliance Summit.

Tags: auto finance, compliance, Compliance Summit, F&I manager, F&I office, Industry Summit

June 7, 2017 - Industry News

FIDOY Nomination Period Opens, New Sponsor Announced

American Financial & Automotive Services is sponsoring F&I and Showroom’s annual F&I Dealer of the Year contest, which is now accepting nominations. The deadline to nominate a deserving dealership is July 10.

Tags: American Financial & Automotive Services, F&I Dealer of the Year, F&I office, F&I Pacesetters, F&I profit per vehicle retailed

June 7, 2017 - Industry News

EFG Companies Launches Virtual F&I Service

The F&I product provider rolled out a new virtual F&I model aimed at powersports and independent dealers, but the executive overseeing the service offered several scenarios in which Simplicity Finance and Insurance can help franchised dealers.

Tags: EFG Companies, F&I process, F&I products, virtual F&I office

June 7, 2017 - Industry News

American Financial Receives Multiple Dealers’ Choice Awards

American Financial & Automotive Services earned awards in five categories in the 2017 Dealers’ Choice Awards.

June 7, 2017 - Industry News

FrogData Hires Renowned Automotive Consultant

David Shear previously served as an independent training consultant, leading a team of 15 facilitators delivering training to 510 Nissan dealerships.

June 7, 2017 - Industry News

Manheim Index Hits Record High

With wholesale used-vehicle prices rising in May, the Manheim Used Vehicle Value Index rose to a record 127.9. The firm noted that dealers purchased the most vehicles at Manheim auctions for the month of May since 2008.

Tags: Manheim Index, new-vehicle sales, Showroom, used-vehicle values, Wholesale Pricing

June 7, 2017 - Industry News

Dent Wizard Names Director of Operations for Canadian Market

Matt Boyd, who has served in various roles since joining Dent Wizard International in 2005, was promoted to director of operations for the company’s Canadian market.

Tags: Canada, Dent Wizard, F&I products, paintless dent removal

June 6, 2017 - Industry News

CUDL: Subprime Pullback Opens Door for Credit Unions

With banks retreating from all risk tiers, an executive with CU Direct Lending said the auto finance market is primed for credit unions to pick up more share. In the first quarter, credit unions grew their share of the market by 4%.

Tags: auto finance, Credit Unions, CU Direct, special finance, subprime, used-vehicle financing

June 6, 2017 - Industry News

JM Family Promotes Brown, Burns

Chief Executive Officer Colin Brown will add board chairman duties while Brent Burns takes on president and COO duties.

June 6, 2017 - Industry News

MaximTrak Wins Third Straight Dealers’ Choice Award

MaximTrak Technologies was recognized in the F&I Technology category for the third consecutive year.

June 6, 2017 - Industry News

Securethics Launches Communication and Conflict Management Training Program

The new program was designed to reduce auto dealership turnover by at least 5% in 12 months.