July 23, 2018 - Industry News
Dealers ranked Line\5 among the nation’s top three F&I Financing providers in the 2018 Dealers’ Choice Awards.
Co-founded by Dealer.com founder Mike Lane, Fluency is a business-to-business ad platform provider for industry-focused digital advertising and marketing agencies.
Tags: ad agency, advertising, Dealer.com, digital marketing, Fluency, Mike Lane
John Everhart has joined Auto/Mate Dealership Systems as the company’s West Coast district sales manager.
Peter Jacobson, formerly with Toyota Financial Services, has joined Portfolio as a reinsurance specialist.
Industry Summit’s annual ‘From the Boardroom’ session will feature executives from F&I product providers and software firms, who will tackle the big questions facing F&I offices as the industry continues to push for a more digitized car-buying experience.
Tags: compliance, digital retailing, F&I process, F&I products, Industry Summit, online F&I, Showroom
July 19, 2018 - Industry News
June wholesale prices for used vehicles up to eight years in age fell by an average of 0.9% compared to May. Losses at the segment level were less than historic norms across the board on both the mainstream and premium sides of the market, the firm said.
Tags: Auto Auctions, J.D. Power Valuation Services, Wholesale Pricing
July 18, 2018 - Industry News
The company reported that 45% of vehicles sold in the first half were to digital buyers on Manheim.com. The firm also detailed enhancements it’s planning to make to the Manheim Marketplace over the next few months.
Tags: Auto Auctions, digital, Manheim, Manheim Marketplace, RMS Automotive
Penske said today it intends to integrate electronic document management to improve workflow and efficiency and install the Reynolds docuPAD system in F&I departments across more than 120 Penske dealerships.
Tags: docuPAD, eWorkflow, F&I process, Penske Automotive Group, Reynolds & Reynolds
The two companies have rolled out what they claim to be the first production-ready LTE-M GPS tracking device for the BHPH dealer and vehicle finance industries.
Tags: buy-here, Debt Collection, GPS Tracking, pay-here, special finance, technology
Dent Wizard International has acquired Image Auto, a regional provider of recon and wheel repair services.
Wheel’s Automotive Dealer Supplies Inc. and Monroneylabels.com have teamed up to jazz up the Monroney Label and add a little merchandising punch to the mandated sheet of paper.
July 17, 2018 - Industry News
Alex Mallman, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs, who left in May, according to the Orange County Business Journal.
Tags: AutoGravity, Daimler Financial Services, digital retailing, online F&I
A new strategic partnership between HyreCar and DriveItAway was designed to extend a turnkey carsharing solution to auto dealers across the country.
The software firm's Virtual Service Advisor is now integrated with Autosoft's DMS. GoMoto users can now open repair orders, update customer appointments and information, and offer trade appraisals and upsell every customer.
Tags: Autosoft, DMS, GoMoto, service lane, software, technology
July 16, 2018 - Industry News
Ally and the National Association of Minority Automobile Dealers honored Karmala Sutton, a dealer in training at Honda of Kenosha in Bristol, Wis.
Vernon ‘Ray’ Branch, founder of fixed ops solutions provider KEEPS Inc., has retired at the end of a 25-year run.
With today’s announcement, Black Book valuation data will be integrated with all EVs listed in the MYEV.com system, which will help buyers and sellers ensure they’re reviewing the most accurate and up-to-date valuations within the market.
Tags: digital marketing, digital retailing, lead generation, MYEV.com, Third-party leads
William Montez Perkins II is the recipient of the 2018 Rising Star Award, presented by Cox Automotive and the National Association of Minority Automotive Dealers.
The deal was first reported on Sunday by The Banks Report, which described the pending acquisition as checking off 'several boxes for CDK while filling a big product hole — a viable integrated CRM platform with significant market share.'
Tags: CDK Global, CRM, digital marketing, digital retailing, DMS, ELEAD1ONE, online F&I
July 12, 2018 - Industry News
The compliance sweep, which took place in seven states, is the first since the agency's new Used Car Rule took effect earlier this year. Dealers who failed to comply could face penalties of up to $41,484 per violation.
Tags: compliance, Federal Trade Commission, Used Car Guide, used cars
The F&I product provider has hired Jim Powers as it’s new CFO. The experienced leader most recently served as president and CEO for St. Louis-based UniGroup Inc. and its subsidiaries.
Tags: Dent Wizard, F&I product provider, F&I products, paintless dent removal
McGeorge Toyota is the latest dealership operation to add Roadster’s Express Storefront digital retailing platform. The dealership refers to its new website feature as ‘McGeorge @Home.’
Tags: digital retailing, Express Storefront, McGeorge Toyota, online F&I, Roadster
July 11, 2018 - Industry News
The latest addition to Automotive Compliance Education’s growing compliance certification program was designed to cover basic legal requirements and federal guidelines governing the structure and sale of F&I products.
AUL Corp. won the Platinum award in the Service Contract category in the 2018 Dealers’ Choice Awards.
Originally developed for used-car buyers, the Paint Spy Accident Detector is now available to auto dealers.
© 2018 Auto Dealer Today. All Rights Reserved.