March 14, 2018 - Industry News
Manheim Express is a new mobile application designed to offer dealers new ways to list and sell inventory in the Manheim Marketplace.
March 13, 2018 - Industry News
The new tool lets users know who their new-car competitors are and features in-depth descriptions, rebate and incentive management, automated updates, and supply-and-demand insights.
Tags: digital marketing, inventory management, inventory merchandising, Pricing
The vehicle service contract provider and auto finance company to offer financing and VSCs to auto dealers and car buyers.
myKaarma’s new artificial intelligence tool was designed to help dealership personnel communicate with customers throughout the service process.
Pearl Technology Holdings plans to unveil a ‘next-generation’ used-vehicle sales platform at this month’s NADA convention.
Billed as the first digital assistant designed specifically for auto retail, vAuto’s Nexi was designed to drive efficiency in inventory management and sales.
The business unit began offering commercial loan products in June 2011, primarily in the East Coast. It had since expanded into the Midwest prior to today’s announcement.
Tags: auto finance, commercial financing, dealers, floorplan financing, TD Auto Finance
March 12, 2018 - Industry News
Jaguar Columbia is one of 16 dealerships to receive the award out of Jaguar’s 338 U.S. retailers. Since being purchased in 2014 by Peacock Automotive, the dealership has seen an increase in sales of 75%.
Tags: Awards, Jaguar Land Rover, Pride of Jaguar
More than 350 U.S. dealers earned recognition in Edmunds’ sixth annual Five Star Dealer Awards, including 25 Five Star Premier designants.
Clarivoy’s new software was designed to ensure the correct marketing source receives credit in the customer’s purchase journey.
Flick Fusion’s Video Warrior Package was designed to offer dealers a complete, turnkey video marketing solution.
‘Why Service Absorption Is a Dangerous Number’ offers a detailed guide on how to grow service profits using revenue per units-in-operation.
Cox Automotive’s new connected retail platform was designed to connect the online and in-store process to drive faster car deals.
The foundation’s board of trustees has approved plans and funding for a largescale workforce initiative aimed at promoting the value of dealership jobs. Fundraising is set to begin in 2019.
Tags: Annette Sykora, NADA Foundation, workforce initiative
March 8, 2018 - Industry News
The spring selling season got off to an early start, leading to a slight month-over-month uptick in the firm’s Used Vehicle Retention Index. The big question is how the harsh weather that has recently struck parts of the country will impact values moving forward.
Tags: Black Book, Used Vehicle Retention Index, used-vehicle sales, used-vehicle values
The regulator who has championed New York’s crackdown on payment packing released his office’s Top 10 list of complaints received in 2017. Auto was 1,965 complaints short of the No. 1 complaint category: the internet.
Tags: auto finance, Compliance, Credit Forget It, Eric T Schneiderman, payment packing
March 7, 2018 - Industry News
Executives say the new program, which is designed for car buyers with a 750 FICO or better, is part of the finance source's push to become a one-stop shop for every dealership.
Tags: auto finance, F&I office, FICO, full-spectrum finance, Westlake Financial Services
Car buyers perusing Carfax.com’s used-vehicle listing can now choose to view certified pre-owned Hyundais listed by the factory.
The latest edition of Dealer-FX’s BDC tool was designed to drive effective outbound campaigns and customer communications.
Automotive finance veterans Joe Peterson and Flory Hunsaker join the tech firm as chief sales officer and regional sales director, respectively. They bring decades of sales success to eLEND as it prepares for the launch of its next-generation finance platform.
Tags: auto finance, digital retailing, Ecommerce, eLend Solutions, Gateway One Lending & Finance, online F&I
March 6, 2018 - Industry News
Through the newly forged partnership, indirect financing offers through TD Auto Finance will be made available to qualified buyers using AutoGravity’s digital retail platform.
Tags: auto finance, digital retailing, online F&I, TD Auto Finance
Auto industry veteran and former Dominion executive Jessica Ruth has joined Clarivoy as vice president of product.
Tags: auto finance, Clarivoy, digital retailing, online F&I, technology
March 5, 2018 - Industry News
Edmunds analysts say the industry is beginning to see the trickle-down effect from the rate increases happening at the federal level. February's annual percentage rate on new finance vehicles was expected to average 5.2%, up from 4.9% in the year-ago period.
Tags: auto finance, Edmunds, Federal Reserve, interest rates
The new offering is designed to help finance sources better serve consumers across the credit lifecycle, providing insight into historical consumer behavior across all three credit bureaus.
Tags: auto finance, Experian, full-spectrum finance
This was the third consecutive year the F&I product provider paid out more than $40 million to its dealers through its various participation programs.
Tags: CFC, CNA National, Controlled Foreign Corp., GAP, NCFC, Noncontrolled Foreign Corp., reinsurance, Tire and Wheel
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