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September 20, 2017 - Industry News

Vast Adds Predictive Analytics Feature to CarStory Platform

CarStory Insights is a new feature that adds predictive analytics functionality to Vast’s artificial intelligence platform.

September 20, 2017 - Industry News

Gubagoo Adds Credit Check Capability to Live Chat

Gubagoo’s new Credit Pre-Qualification feature is designed to provide dealers with rich data they can use to prequalify customers during an online chat session.

September 20, 2017 - Industry News

Gubagoo Debuts Outbound Texting Capability

Gubagoo has launched Outbound Texting, a new feature designed to add permission-based SMS texting to the company’s ResQ mobile and desktop app.

September 19, 2017 - Industry News

Experian: Shift Toward Used Continues in Q2

The subprime pullback continued in the second quarter. However, the big news was the continued shift toward used by consumers with prime and superprime credit.

September 19, 2017 - Industry News

S&P/Experian: Auto Default Rate Registers Largest Increase Since December 2011

Despite the nine-basis-point increase, the auto loan default rate remains near levels recorded one year ago. However, declining auto sales and the normal end-of-year push to make room for newer models may encourage easier credit conditions and raise concerns about future defaults.

Tags: auto defaults, auto finance, new-vehicle sales, S&P/Experian

September 19, 2017 - Industry News

Hearst Autos Sets Up Shop in Atlanta

Hearst Autos now has a new, permanent office in the Antique Row district of Chamblee, Ga., near Atlanta. According to officials, the overall idea of the new office space was to create an innovative and inspiring environment.

September 19, 2017 - Industry News

TradeRev, AFC Partner for Zero-Interest Floorplan Promotion

Automotive Finance Corp. and TradeRev are encouraging dealers to ‘go digital’ by offering zero interest and no floorplan financing fees for 45 days on vehicles bought and sold on TradeRev.

September 19, 2017 - Industry News

Summit Place Kia Waterford Moves to Auburn Hills

Michigan’s No. 1 import dealership has moved into a new, state-of-the-art facility in Auburn Hills, Mich. The 27,000-square-foot facility sits on 10 acres and has the capacity to sell and serve more than 500 cars per month.

Tags: facility upgrades, Kia, New Dealership, Richard Lalonde, Summit Place Kia

September 18, 2017 - Industry News

AutoGravity Wins Top Prize in F&I Digital Media Awards

Sponsored by F&I Express, the awards program is designed to honor companies and individuals driving innovation in the digital F&I space.

Tags: AutoGravity, digital retailing, F&I Digital Media Awards, online F&I

September 18, 2017 - Industry News

Bill Leek Named President, COO of InterActiveTel

The former vice president of sales for Dominion Dealer Services will be responsible for leading the entire InterActiveTel organization, as well as maintaining business development partnerships and driving the adoption of the company's suite of communication products.

September 18, 2017 - Industry News

Client Command Launches Active Shoppers Network

Client Command’s new Active Shoppers Network was designed to generate more leads for auto dealers by delivering powerful audience data.

September 18, 2017 - Industry News

LotLinx Names John Gottschalk to Senior VP Post

Former FordDirect executive and 20-year industry veteran John Gottschalk has joined LotLinx as senior vice president of client relationships.

September 14, 2017 - Industry News

Trump Administration Streamlines Self-Driving Guidelines

Photo courtesy Waymo

U.S. Transportation Secretary Elaine Chao released a new set of voluntary federal guidelines for autonomous vehicles on Sept. 12 — a move the Trump administration said will make federal regulatory processes "more nimble to help match the pace of private sector innovation."

Tags: Autonomous Driving, Donald Trump, Fully Autonomous

September 14, 2017 - Industry News

Manheim, ADESA Resume Florida Operations

Photo courtesy NOAA

Manheim and ADESA reopened their Florida auction facilities last week, as Hurricane Irma moved north toward Tennessee.

Tags: ADESA, Auctions, Hurricanes, Manheim

September 14, 2017 - Industry News

Hurricane Irma Could Wipe Out 400,000 Vehicles

Photo courtesy Enterprise Holdings

As many as 400,000 vehicles in Florida will need to be replaced as a result of Hurricane Irma, including as many as 11,000 fleet vehicles, according to Cox Automotive.

Tags: Hurricanes, Natural Disaster

September 14, 2017 - Industry News

AutoGravity Wins Grand Prize in F&I Digital Media Awards

AutoGravity capped off its two-category win in the 2017 F&I Digital Media Awards with recognition as the contest’s Grand Prize Winner at Industry Summit.

September 14, 2017 - Industry News

ASI Raises Industry Standard With TruGAP Launch

Accelerated Service International (ASI) has launched TruGAP, a new product designed to meet customers’ expectations for coverage and value and raise the bar for GAP coverage industrywide.

September 12, 2017 - Industry News

ASI Launches Care Free VSC Program

Accelerated Service International (ASI) has launched Care Free VSC, a new program designed to benefit agents, dealers and customers with a combination of highly favorable terms and a built-in maintenance component.

September 8, 2017 - Industry News

RoadVantage Donates Free F&I Videos to the Industry

The F&I program provider released a series of non-brand-specific videos designed to raise consumer awareness about nine F&I protections and the value they provide vehicle owners. The videos can be downloaded for free and posted to a dealer’s website or played in a dealership’s waiting room.

Tags: digital marketing, F&I office, F&I process, online F&I, RaodVantage

September 8, 2017 - Industry News

Nobilis to Bring Hall of Famer ‘Pudge’ Rodriguez to Industry Summit

Ivan ‘Pudge’ Rodriguez will greet attendees and sign complimentary copies of his autobiography, ‘They Call Me Pudge,” at Industry Summit in Dallas.

Tags: Industry Summit

September 8, 2017 - Industry News

CDK, ActivEngage Roll Out New Retailing Platform

CDK Global and ActivEngage Inc. have partnered to launch Concierge Chat, a new feature built into CDK’s Next Gen websites.

September 7, 2017 - Industry News

KBB: New-Vehicle Sales Down 2.8% Through August

Out of the 22 vehicle segments tracked monthly by Kelley Blue Book, only 10 posted higher sales numbers compared to the first eight months of 2016. Of those 10, large vehicles commanded eight of those spots.

Tags: Kelley Blue Book, new-vehicle sales, SAAR

September 7, 2017 - Industry News

Southwest Dealer Services Acquires Wash.-based F&I Agency

Ryan Hoff, Southwest Dealer Services

Income development company SouthWest Dealer Services (SWDS) has acquired Spokane, Wash.-based Evergreen Dealer & Insurance Services (Evergreen). Financial terms of the transaction were not disclosed.

Tags: F&I products, F&I training, general agents, Southwest Dealer Services

September 7, 2017 - Industry News

AUL Promotes Bryan Nieves to Vice President of National Accounts

Byran Nieves

Aside from the promotion of Nieves, who has been with the company for more than 20 years and previously served as national accounts manager, AUL announced the promotion of Henry Paoli to national sales manager.

Tags: AUL Corp., F&I manager, F&I products, used vehicles, vehicle service contracts

September 7, 2017 - Industry News

Manheim to Close Florida Auctions Ahead of Irma

Satellite image of Manheim Fort Lauderdale via ThingLink.

Manheim said it's closing four of its Florida auctions on Friday ahead of Hurrican Irma's expected landfall there. The storm battered Puerto Rico on Wednesday after striking the northern Lesser Antilles and the Virgin Islands with 185-mile-per-hour winds.

Tags: ADESA, Auto Auctions, Hurricane Harvey, Kar Auction Services, Manheim, Natural Disaster