September 1, 2015 - Industry News
The California New Car Dealers Association has called on the California Department of Motor Vehicles to investigate Tesla Motors’ referral program, which the trade groups said constitutes “bird-dogging.”
Tags: California New Car Dealers Association, CNCDA, compliance, Tesla, Tesla Motors
August 31, 2015 - Industry News
Manheim recently unveiled a new indoor vehicle inspection facility and the Kelley Blue Book Resource center at its California Service Center in Riverside, Calif.
Tags: Auto Auctions, Kelley Blue Book, Manheim, Used Cars
August 27, 2015 - Industry News
The rise in new-vehicle prices continued in the second quarter, with more consumers turning toward the used market and leasing. Loan terms also continued to stretch.
Tags: Auto Loan Terms, Experian Automotive, leasing, Monthly Payments
August 26, 2015 - Industry News
The two companies announced this week a new multi-year, private-label agreement to establish Enterprise Auto Finance, which will be rolled out later this year.
Tags: Chase Auto Finance, Enterprise Car Sales
American Auto Guardian has released a new mobile app designed for its agents, dealers and the car-buying public. It interacts with all of the company’s products and allows for mobile contract registration, among other features.
AUL Corp. was named one of the North Bay Business Journal’s ‘Best Places to Work in the North Bay,’ the second time the provider of used-vehicle service contracts has earned the distinction.
Tags: AUL Corp., F&I manager, F&I process, F&I products, used-vehicle financing, used-vehicle sales
Because of the timing of Labor Day, August new-vehicle sales will not get the boost they got last year from the holiday sales weekend. But KBB analysts still expect August sales to 'remain robust.'
Tags: August sales, Kelly Blue Book, New-Car Sales
The two firms reported this week that overall vehicle depreciation is expected to reach between 14% and 14.5% by the end of the year.
August 25, 2015 - Industry News
J.D. Power found that even Gen Y vehicle owners aren't finding the latest in-car entertainment and connectivity features useful. What consumers want are features that enhance the driving experience and safety.
Tags: Connected Vehicle, features, J.D. Power, technology
The American Customer Satisfaction Index showed declines for most automakers, with imports topping domestic brands. The nameplate with the highest score was Toyota’s Lexus.
DealerSocket released its annual Dealership Action Report, which emphasized the importance of formal, technology-driven processes to thrive and increase profitability during slow periods.
Tags: data mining, DealerSocket, Online Marketing, Parts and Service
DealerSuccess announced the launch of Virtual Deal, an online deal creator that uses DMS-integrated technology to give consumers the option to work an entire deal online.
Tags: CRM, DMS integration, Online Marketing, online shoppers
August 21, 2015 - Industry News
F&I Trainers Gerry Gould and Fernando Romani discuss Industry Summit's 2015 program (www.industrysummit.com). They also talk about what attendees can expect from their "Actions Speak Louder Than Words" workshop on Wednesday, Sept. 9, at 10:40 a.m.
Tags: F&I manager, F&I products, F&I Tip of the Week, Fernando Romani, Gerry Gould, UDS
August 20, 2015 - Industry News
GWC Warranty has added educational video content, digital brochures and historical reporting to its online Dealer Portal, which celebrated its one-year anniversary since its launch.
August 19, 2015 - Industry News
Designed by FICO, CU Direct Connect’s new auto-loan risk score will help credit unions make more profitable auto-lending decisions. The new feature will be available in 2015’s third quarter.
Tags: Credit Scores, CU Direct Connect, FICO, FICO Score
Used-car sales franchise J.D. Byrider has opened a second dealership in Richmond, Va., the sixth new J.D. Byrider franchise to open in 2015. The company now has 169 locations in 34 states.
Tags: Franchised Dealerships, used car sales, Virginia
August 18, 2015 - Industry News
Gerry Gould, the original host of F&I and Showroom’s F&I Tip of the Week, will cover the online video series’ Top 20 tips during his role-playing session at Industry Summit 2015.
Tags: AFIP, F&I Tip of the Week, Gerry Gould, Industry Summit, Jim Ziegler, NADA, National Automobile Dealers Association, UDS
AutoNation has signed agreements to acquire 13 stores in Georgia, Alabama and Tennessee, and three stores in the Baltimore, Md., market, bringing its total franchise count to 327.
Tags: Acquisition, AutoNation, Franchised Dealerships, Mike Jackson
Exeter Finance Corp. has appointed Brian Donohue to the position of executive vice president of analytics and marketing.
Tags: Analytics, Capital One Auto Finance, Exeter Finance Corp., Hiring, marketing
Consumer credit defaults remained relatively stable in July, according to data from S&P Dow Jones Indices and Experian. The on exception were auto loans, which showed an increase in defaults.
Tags: Auto Loans, Consumer Credit, default rates, Experian, S&P/Experian
RouteOne and Santander Consumer USA, along with the finance source’s Chrysler Capital program, will make full eContracting capabilities available to all of Santander’s and Chrysler Capital’s dealers by 2016’s second quarter.
Tags: Chrysler, Chrysler Dealers, econtracting, RouteOne, Santander Consumer USA
An analysis by IHS Automotive commissioned by CallSource found that dealers are failing to convert 84% of inbound prospect calls due to a lack of professionalism and inventory knowledge, among other reasons.
Tags: CallSource, how to sell over the phone, IHS Automotive, phone customer
August 12, 2015 - Industry News
AMG Auto Connection and its owner are accused of violating Ohio’s Certificate of Motor Vehicle Title Act after the dealership failed to deliver a car title in the time frame required by law.
Tags: Attorney General, compliance, Lawsuit, Mike DeWine, Ohio, Ohio Attorney general, vehicle title
LotLinx announced this week appointed company cofounder Denise Chudy CEO, effective immediately.
Tags: automotive retail, leadership, LotLinx, Promotions
The total dollar volume for outstanding automotive loan balances grew by $92 million from the second quarter of 2014 to the second quarter of 2015, the largest dollar volume growth since 2006, according to a report from Experian Automotive.
Tags: Auto Loan Delinquency Rate, Auto Loans, Experian, Experian Automotive, subprime
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