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July 11, 2018 - Industry News

DCA Winners to Be Honored at Industry Summit

Winners of the 2018 Dealers’ Choice Awards will be recognized in a special ceremony at Industry Summit in Orlando this October.

July 11, 2018 - Industry News

ChannelNet Enhances SaaS Platform

ChannelNet’s software-as-a-service platform has been enhanced with features designed to streamline marketing efforts among dealerships and other businesses.

July 10, 2018 - Industry News

F&I Dealer of the Year Nominations Now Being Accepted

F&I and Showroom, Auto Dealer Today's sister publication, is now accepting nominations for its 17th F&I Dealer of the Year contest, sponsored for the second straight year by American Financial & Automotive Services. Nominations must be received by Aug. 15, 2018.

Tags: contests, DOY Pacesetters, DOY Winners, F&I Dealer of the Year, F&I director, F&I profit

July 10, 2018 - Industry News

Mitsubishi Rolls Out New Global Dealership Design

The rollout marks the first dealer facilities update initiative for the automaker in 16 years. Texas’ Lewisville Mitsubishi will be the first dealership to incorporate the new look, with 25 additional dealerships expected to replicate the new design by the spring of 2019.

Tags: facility upgrades, Mitsubishi

July 10, 2018 - Industry News

Hartford BMW Store Unveils ‘Ultimate Showroom’

A $6.5 million renovation and expansion added 39,000 square feet to Hartford, Conn.’s New Country BMW retail footprint.

July 10, 2018 - Industry News

FCA Launches Dealer Market Investment Program

Financed in part through relationships with Chrysler Capital and Ally Financial, Fiat Chrysler’s new program aims to identify and develop high-potential candidates to join its U.S. dealer network.

July 10, 2018 - Industry News

GWC Introduces Major Account Management Team

GWC Warranty has assembled a veteran team of industry experts to manage its largest dealership partnerships.

July 9, 2018 - Industry News

CFPB Official Who Sued Trump Resigns, Drops Suit

The CFPB official who went to court last year after Trump appointed Mick Mulvaney as acting director announced on Friday she is leaving the embattled regulator. In a tweet, her attorney said the CFPB official is also dropping her legal fight to be the regulator's acting director.

Tags: auto finance, CFPB, compliance, Consumer Financial Protection Bureau, Donald Trump, Leandra English, Mick Mulvaney, Richard Cordray

July 9, 2018 - Industry News

LotMonkey Expands Into Four New Markets

The company’s web-based merchandising platform is now available in Philadelphia, Louisville, Ky., Long Island, N.Y., and northern New Jersey. It allows dealers to instantly create and customize an infinite array of point-of-sale visuals.

Tags: branding, LotMonkey, marketing, point of sale, Showroom

July 9, 2018 - Industry News

AFS Renamed Credito Real USA, Poised to Expand

AFS Acceptance has officially been renamed Credito Real USA, two years after being acquired by Mexico’s Credito Real and on the eve of a planned market expansion.

Tags: AFS Acceptance, auto finance, Credito Real USA Finance, CRUSAfin, Scot Seagrave

July 9, 2018 - Industry News

NY AG: Brooklyn Dealership Targeted Non-English Speakers

Bay Ridge Honda has agreed to pay $423,000 in restitution and penalties to settle charges of deceptive acts and practices that followed dozens of complaints from aggrieved customers, many of whom are non-English speakers.

Tags: compliance, Deceptive Practices, fraud, payment packing, UDAP, Unfair Practices

July 7, 2018 - Industry News

NAE/NWAN Wins 2018 Dealers’ Choice Award

National Automotive Experts earned a Platinum award for F&I Product Training in the 2018 Dealers’ Choice Awards.

July 5, 2018 - Industry News

Edmunds: Stage Set for Market Contraction

June’s annual percentage rate of 5.82% marked a 17% increase since January 2018. Add rising rates to a virtually saturated U.S. market, record-high vehicle prices, and historically high numbers of people who owe more than their cars are worth, and the stage is set for a market contraction, the firm said.

Tags: Edmunds, Federal Reserve, interest rates, negative equity, new-vehicle sales, SAAR, used-vehicle sales

July 5, 2018 - Industry News

MSP 501 Ranks Helion at No. 65 Worldwide

Helion Automotive Technologies has been ranked No. 65 among managed service providers worldwide in the 2018 MSP 501.

July 3, 2018 - Industry News

Black Book: Wholesale Values Remain Stable at Start of Summer

Wholesale values continued to see little change last week, although demand for sporty cars appears to be dwindling as the average value of that segment has begun to drop.

Tags: Black Book, used-vehicle values, vehicle depreciation, wholesale values

July 3, 2018 - Industry News

KPA Acquires Auto Advisory Services Inc.

The acquisition of the F&I audit services firm enables KPA to become a single source for automotive compliance. The transaction closed on May 31.

Tags: Auto Advisory Services, auto finance, compliance, F&I office, KPA Services LLC

July 3, 2018 - Industry News

Hyundai Invests in Autotalks to Develop Connectivity Technology

The automaker will collaborate with Autotalks to develop the next generation Vehicle to Everything chipset for connected cars. The technology aims to improve vehicle and road safety, mobility and is viewed as vital for autonomous driving.

Tags: Autotalks, connected car, Hyundai, Vehicle to Everything

July 3, 2018 - Industry News

ZERO Plan Announces New 36-Month Terms

Universal Lenders now allows car buyers to extend the financing of service contracts and other F&I products up to 36 months.

July 2, 2018 - Industry News

StoneEagle Wins Diamond for F&I Tech in DCAs

Dealership professionals ranked StoneEagle No. 1 in the F&I Technology category in the 2018 Dealers’ Choice Awards.

July 2, 2018 - Industry News

Digital Air Strike Announces Facebook Integration

The integration allows the digital engagement company to deploy its artificial intelligence-powered real-time messaging solution, Response Path, on Facebook Messenger.

Tags: Digital Air Strike, digital engagement, digital marketing, social media marketing

July 2, 2018 - Industry News

FlexDrive to Drive South Florida Dealer's Subscription Program

Florida Fine Cars will launch AmeriDrive, a new subscription service that will operate on Cox Automotive’s and ARI’s Flexdrive platform.

July 2, 2018 - Industry News

Lexus Dealers Now Have TagRail

Lexus and TagRail have partnered to offer dealers a comprehensive new digital retailing tool.

July 2, 2018 - Industry News

DOWC Names Kas Nelson Director of Sales

Thirty-five year industry veteran Kas Nelson has joined Dealer Owned Warranty Company as director of sales.

June 29, 2018 - Industry News

Digital Air Strike Launches Facebook Assistant Feature

Response Path, an AI-powered intelligent messaging technology first introduced at NADA 2018, was designed to accelerate sales on Facebook and dealer websites.

June 28, 2018 - Industry News

Universal Lenders Wins Gold in Dealers’ Choice Awards

Universal Lenders, creator of the ZERO Plan, won Gold for F&I Product Financing Company in Auto Dealer Today’s 2018 Dealers’ Choice Awards.

Tags: Dealers' Choice Awards, F&I product financing, The Zero Plan, Universal Lenders