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June 26, 2013 - Industry News

House Republicans Call CFPB Agenda a ‘Loss to Consumers’

Thirty-five congressional republicans warn the bureau that reforms it seeks in the auto finance industry could weaken marketplace competition and hurt a consumer’s ability to obtain the best financing terms.

Tags: 2012 DCA

June 17, 2013 - Industry News

Ohio Attorney General Sues Used-Car Dealers

attorney general, dealer, fraud, lawsuits, title, vehicle title,

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June 17, 2013 - Industry News

CFPB Takes Center Stage at NAF Conference

NAF Association, CFPB, Brittany-Marie Swanson

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June 17, 2013 - Industry News

Ohio Attorney General Sues Used-Car Dealers

Boasko's Rt 4 Automall LLC and Buyers Choice Cars are facing lawsuits filed by Ohio Attorney General for failing to transfer titles.

Tags: 2012 DCA, lawsuits, title transfer, vehicle title

June 17, 2013 - Industry News

The VIP Treatment

In February, Hoffman Audi celebrated the opening of its new customer lounge by offering complimentary massages, manicures and an open omelette bar.

Facing OEM-mandated facility upgrades, Hoffman Audi took the opportunity to give its service drive a makeover that is winning praise from customers.

Tags: 2012 DCA

June 13, 2013 - Industry News

ProMax Unlimited Continues Skyrocketing Success

ProMax Unlimited continues growth and is on track to have over 2000 dealers using their market leading solutions by the end of the year. ProMax for the past 18 years has been recognized as the industry’s top subprime software provider and attributes its growth to the expansion of the product to be a full front end desking tool with lead and website integration.

Tags: 2012 DCA

June 13, 2013 - Industry News

Car Buyers Using Social Media, Online Reviews, Study Shows

New study from Digital Air Strike shows car buyers are turning to social media and online reviews in greater numbers before making a purchase decision.

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June 5, 2013 - Industry News

Tesla Can’t Sell Directly to Consumers in Texas

Two Tesla-backed bills failed to make it to the voting round this legislative session. The legislation would have exempted Tesla from state franchise laws, allowing the electric carmaker to sell directly to consumers in that state.

Tags: 2012 DCA

June 5, 2013 - Industry News

Trade Groups Ask HUD, CFPB to Clarify Use of Disparate Impact Theory

Eight trade associations request that the Department of Housing and Urban Development and the Consumer Financial Protection Bureau clarify and create guidance related to their use of the disparate impact theory to determine discrimination.

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May 29, 2013 - Industry News

Equifax: New Credit in 2013 at Five-Year High

Auto loan origination activity this year is the strongest it has been for banks since 2006, with new credit generated during January and February totaling $141 billion.

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May 29, 2013 - Industry News

Experian Vehicle History Reports to Appear on AutoTrader.com

Experian Automotive's AutoCheck dealer subscribers will be able to access Experian vehicle history reports on the AutoTrader.com site starting in September.

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May 22, 2013 - Industry News

MBFS Customers Can Now Manage Accounts With In-Vehicle App

The captive becomes the first finance source to launch an in-vehicle app that allows vehicle owners to manage their account. The app will be available on model-year 2013 and newer Mercedes-Benz vehicles equipped with the COMAND Navigation system.

Tags: 2012 DCA

May 22, 2013 - Industry News

Equifax: New Credit in 2013 at Five-Year High

Auto loan origination activity this year is the strongest it has been for banks since 2006, with new credit generated during January and February totaling $141 billion.

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May 22, 2013 - Industry News

CNW: May Deliveries Expected to Climb 6 Percent

CNW Research expects May deliveries to rise 6 percent vs. the same period last year, but says there are some worrisome trends to watch.

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May 15, 2013 - Industry News

Delinquencies, Repossessions Up in 2013, Experian Automotive Reports

In the first quarter of 2013, 30-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year.

Tags: 2012 DCA

May 15, 2013 - Industry News

Marquet Intl.: Auto-Related Embezzlement Cases on the Rise

Marquet International released its annual white collar fraud and embezzlement report today. The report reveals that more automotive employees are embezzling than in previous years.

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May 8, 2013 - Industry News

DealerSocket Launches Advanced Data-Mining Tool

DealerSocket is ready to release its RevenueRadar, an advanced database-mining tool that integrates with DealerSocket CRM and every major DMS.

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May 8, 2013 - Industry News

CFPB Takes Aim at F&I Products

The Consumer Financial Protection Bureau is reportedly looking into the sale of F&I add-ons, a move that comes less than two months after the bureau said it would hold indirect auto lenders responsible for lending practices it considers discriminatory.

Tags: 2012 DCA

May 1, 2013 - Industry News

Dealertrack Technologies Elects Joe Payne to Board of Directors

Dealertrack Technologies elected Joe Payne to its board of directors. Payne is the former chairman and CEO of Eloqua, a provider of cloud-based marketing applications.

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May 1, 2013 - Industry News

CU Direct Expands into Canada

CU Direct Corporation partners with Canada’s largest credit union to develop eSpaceAuto.com, which will connect its members to 2,200 auto dealer and merchant partners throughout Quebec.

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April 23, 2013 - Industry News

Auto/Mate Releases Guide for Selecting CRM Systems

Auto/Mate’s recent survey found that integration with a DMS was the most important consideration when it comes to selecting a CRM. The DMS vendor also released a free e-Book.

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April 16, 2013 - Industry News

eMarketer: Mobile Ad Spending to Reach $7.29 Billion in 2013

Mobile advertising will reach $7.29 billion in 2013, and Google will take home more than half of it, according to eMarketer.

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April 16, 2013 - Industry News

Ford’s ‘Video Snacks’ Bring Vehicle Features Directly to Consumers

Ford launches a new Vehicle Orientation program. It is designed to bring consumers closer to the features available on their cars through an e-mailed checklist that contains links to ‘video snacks’ on Fordowner.com.

Tags: 2012 DCA

April 8, 2013 - Industry News

GM Testing Facebook Advertising

After pulling a reported $10 million annual ad spend with Facebook last May, General Motors is back on the social media site. This time, the automaker is testing mobile ads.

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April 8, 2013 - Industry News

Polk: Ford Focus Named World’s Top-Selling Car

With 1,020,410 units sold worldwide, the Ford Focus is the world’s best-selling passenger car, according to data from Polk.

Tags: 2012 DCA