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June 9, 2015 - Industry News

Southeast Toyota Finance Adopts RouteOne Platform

Southeast Toyota Finance, a provider of automotive financing to 176 Toyota dealers in the Southeastern United States, is now available on RouteOne's automotive finance platform.

Tags: Credit Applications, Finance, RouteOne, Toyota

June 9, 2015 - Industry News

N.Y. AG Goes After Dealer for Payment Packing

After three months with no response, Attorney General Eric T. Schneiderman has filed a motion to force a New York dealer group to comply with a subpoena issued by the AG’s office in March. The dealer group is accused of “jamming” credit repair contracts into vehicle sales and leases.

Tags: Attorney General, F&I products, New York, payment packing, subpoena

June 8, 2015 - Industry News

Holman Group Acquires Audi Willow Grove

Holman Automotive Group has acquired Audi Willow Grove in Willow Grove, Pa. The outlet becomes the second Audi dealership under the Holman brand.

Tags: Acquisition, Audi, dealers

June 4, 2015 - Industry News

Superior Integrated Solutions Now Largest Integrator for Dealertrack’s Opentrack

With more than one million real-time transaction a day, Superior Integrated Solution now represents the largest integrator for Dealertrack Technologies’ Opentrack platform, the company announced.

Tags: Dealertrack Technologies, DMS integration, Opentrack, Superior Integrated Solutions

June 4, 2015 - Industry News

Severe Delinquencies Fall to 10-Year Low, Equifax Reports

Despite new auto loan originations reaching a record high, the auto finance industry saw severe delinquency rates fall to their lowest level in nearly a decade.

June 3, 2015 - Industry News

Auto/Mate’s DMS Integrates With Ristken’s Enterprise Solutions

Ristken Software Services has integrated its core enterprise technology solutions for auto retailers with Auto/Mate's DMS.

Tags: Auto/Mate, DMS, DMS integration, F&I menus, Ristken

June 3, 2015 - Industry News

DealerPeak Chooses Flick Fusion for Video Marketing

Flick Fusion was chosen as the preferred video marketing provider for DealerPeak’s full system CRM, website and desking solutions, the company announced.

Tags: Analytics, CRM, DealerPeak, Flick Fusion, Video Advertising

June 3, 2015 - Industry News

Dealer Wins Federal Birth Control Lawsuit

A U.S. District Court has ruled that, because of his religious beliefs, Joseph B. Holland, Jr. does not have to offer coverage of the morning after pill to employees of Joe Holland Chevrolet.

Tags: Barack Obama, birth control, Lawsuit, Obama administration, the morning after pill

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