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June 3, 2015 - Industry News

Recall Masters Launches Marketing Platform for Factory Recalls

Recall Masters has launched the Rambo marketing program. It's designed to drive more sales and service revenue from car owners affected by factory recalls.

Tags: dealership marketing, Parts and Service, vehicle recall

June 3, 2015 - Industry News

Michigan Suspends Licenses of Five Dealers

Michigan Secretary of State Ruth Johnson has suspended the licenses of five Detroit used-vehicle dealers after an investigation uncovered multiple fraudulent acts, including the sale of cars containing stolen parts and record-keeping violations.

Tags: compliance, fraud, Michigan, vehicle title

June 3, 2015 - Industry News

AUL Corp Launches Product Suite for Dealers

Vehicle service contract administrator AUL Corp. has unveiled its new Absolute suite of products for franchise dealers.

Tags: AUL Corp., Franchised Dealerships, vehicle service contracts

June 2, 2015 - Industry News

FTC Clarifies Online Marketing Guidelines in Latest Update

The Federal Trade Commission released updated guidance regarding endorsements and testimonials. It addresses topics such as Twitter endorsements, Facebook 'Likes' and YouTube videos.

Tags: Facebook, fake reviews, FTC, Guidelines, online advertising, social media marketing, twitter, YouTube

June 2, 2015 - Industry News

Auto Lenders at Risk for Unpaid Customer Refunds

With government regulators keeping a close eye on the auto finance industry, Finance Express unveiled a new online system designed to help finance sources expedite recovery of ancillary product cancellation refunds.

Tags: auto finance, F&I Product Refunds, Finance Express, Finance Sources, Rich Apicella

June 2, 2015 - Industry News

Auto Loan Terms Reach All-Time Highs, Experian Reports

The average loan term for new and used vehicles has increased by one month, reaching new all-time highs of 67 and 62 months, respectively, according to a new report from Experian.

Tags: Auto Loan Terms, Experian, Experian Automotive, loans

June 2, 2015 - Industry News

AutoAp Service Provides Recall Data on Dealer Inventory

AutoAp launched a new service designed to provide dealers with daily recall updates for new- and used-vehicle inventory.

Tags: National Highway Traffic Safety Administration, Safety, software, vehicle recall

June 2, 2015 - Industry News

Ally Premier Protection Now Available Nationwide

The company rolled out its new Ally Premiere Protection after completing a three-month pilot. Test dealers gave Ally high marks for training and product transition.

Tags: Ally, Ally Premiere Protection, vehicle service contracts

May 27, 2015 - Industry News

Black Book Releases Spanish Version of Mobile App

Black Book has launched a version of its mobile app for Spanish-speaking dealers, remarketers and other automotive professionals called Black Book Digital en Español.

Tags: Black Book, Dealership, mobile app, remarketing

May 27, 2015 - Industry News

ProMax Unlimited Wins Three Dealers’ Choice Awards

ProMax took home the Diamond award for both Desking and Direct Mail, and the Platinum award for Customer Relationship Management in the 2015 Dealers’ Choice Awards.

Tags: Auto Dealer Monthly, Dealers' Choice Awards, ProMax Online

May 27, 2015 - Industry News

UDS Takes Home Diamond and Gold in Dealers’ Choice Awards

United Development Systems Inc. was named the Diamond Award Winner for F&I Training and Gold Award Winner for Compliance Training in the 2015 Dealers’ Choice Awards.

Tags: Dealers' Choice Awards, United Development Systems

May 27, 2015 - Industry News

New-Car Sales to Reach 17.3 Million SAAR in May, KBB Reports

New-vehicle sales are expected to decline 1% year over year to a total of 1.59 million units in May 2015, resulting in an estimated 17.3 million seasonally adjusted annual rate, according to Kelley Blue Book.

Tags: Forecast, Kelley Blue Book, May, SAAR

May 27, 2015 - Industry News

DealerRater Appoints New VP of Business Development

DealerRater has announced the expansion of the company’s executive team to include Brian Epro, the new vice president of business development.

Tags: Dealerrater, DealerRater.com, Hiring

May 26, 2015 - Industry News

Confident Financial Solutions Appoints VP of National Sales

Confident Financial Solutions, a developer of financial solutions for automotive service centers and their customers, has announced that it has appointed Dan Beres as vice president of national sales.

Tags: Hiring

May 26, 2015 - Industry News

Exeter Finance Appoints New CFO

Exeter Finance Corp. has appointed financial industry veteran Paige H. Wisdom to CFO for the organization, effective June 8.

Tags: Exeter Finance Corp., Hiring

May 26, 2015 - Industry News

Android Auto Arrives for 2015 Hyundai Sonata

Hyundai has begun offering Android Auto on its 2015 Hyundai Sonata, making it the first automaker to implement the software platform that closely matches one running on smartphones.

Tags: Android, Google, Hyundai, Infotainment Systems, smartphones

May 26, 2015 - Industry News

Disparate Impact Ruling Expected This Week

A case debating a legal theory used by the Consumer Financial Protection Bureau to go after auto finance sources for perceived discrimination in dealer markup is expected to be ruled on this week by the U.S Supreme Court.

Tags: CFPB, Consumer FInancial Protection Bureau, Disparate Impact, ruling

May 26, 2015 - Industry News

Larry H. Miller Dealerships Introduces Online Buying Experience

The dealer group will now allow customers to select and reserve vehicles online, accelerating the car-buying experience. The new service is initially launching in select stores, but will be available at every location by late summer.

Tags: Larry H. Miller Dealerships, Online Buying, online shoppers

May 26, 2015 - Industry News

Portfolio Repeats Top Diamond Ranking in Dealers’ Choice Awards

Portfolio has again been ranked as the top Diamond provider in the Vehicle Service Contracts – Reinsurance category in the annual Dealers’ Choice Awards.

Tags: Auto Dealer Monthly, Dealers' Choice Awards, Portfolio Group, reinsurance

May 21, 2015 - Industry News

TrueCar Denies Claims in CNCDA Lawsuit

The California New Car Dealers Association filed a lawsuit against TrueCar last Wednesday, alleging the that the shopping site is not in compliance with certain sections of the California Vehicle Code — a claim TrueCar has denied.

Tags: Bellavia Blatt, California New Car Dealers Association, CNCDA, Lawsuit, TrueCar

May 20, 2015 - Industry News

DealerSocket Releases Memorial Day Recommendations

Based on data from 2014's Memorial Day weekend, DealerSocket recommends that dealers focus on phone leads and used vehicles during the upcoming holiday.

Tags: DealerSocket, Memorial Day sales, Study

May 20, 2015 - Industry News

CornerStone United Launches eContracting on F&I Express

CornerStone United joins more than 90 aftermarket F&I product providers in the F&I Express network.

Tags: Aftermarket Products, econtracting, F&I Express, F&I products

May 20, 2015 - Industry News

Black Book Identifies Drivers of Stretching Loan Terms

There’s a reason captives like Ally and Chrysler Capital have expanded their appetite for longer term loans. And according to a new white paper from Black Book, it’s not just about keeping loan payments below that $400 consumer sweet spot.

Tags: Auto Loan Terms, Auto Loans, Black Book, J.D. Power and Associates, Vehicle Sales

May 20, 2015 - Industry News

CNCDA Files Suit Against TrueCar

The California New Car Dealers Association filed a lawsuit Wednesday against TrueCar, alleging that the shopping site is not in compliance with certain sections of the California Vehicle Code.

Tags: California New Car Dealers Association, CNCDA, Lawsuit, TrueCar

May 19, 2015 - Industry News

Subprime Loan Percentage Falls to Lowest Level in Three Years

In the first quarter of 2015, the percentage of automotive loans that fell within the subprime and deep subprime risk categories made up 19.7% of the market, the lowest share since 2012, according to Experian Automotive.

Tags: deep subprime, Experian, Experian Automotive, First Quarter, Melinda Zabritski, subprime