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July 5, 2011 - Industry News

Prestige Financial Establishes a $150 Million Funding Facility with Wells Fargo Securities

Prestige Financial has established a $150 million funding facility with Wells Fargo Securities. The new arrangement provides a substantial source of liquidity to fund the Salt Lake City-based auto finance company’s consumer lending and loan servicing activities in 25 states.

Tags: 2011 DCA

June 28, 2011 - Industry News

MPi EDGE 4G Certification Program Helps Auto Dealer Service Departments Maximize Performance, Profitability

Vehicle inspection programs can produce substantial revenue for auto dealer service departments. Mobile Productivity, Inc. (MPi), the leading provider of vehicle inspection tools, processes, and consulting for auto dealer service departments, today announced the creation of its EDGE 4G Certification Program.

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June 24, 2011 - Industry News

CNA National Introduces Enhanced VSC Program “Z Series”

CNA National has introduced a new vehicle service contract program, Z Series, featuring better customer benefits, enhanced coverages, expanded eligibility and more terms—all competitively priced.

Tags: 2011 DCA

June 21, 2011 - Industry News

General Motors Approves ActivEngage as iMR Match Eligible Turnkey Vendor for Live Chat

ActivEngage, the automotive industry's premium live chat with business intelligence for dealer websites, today announced that General Motors has approved the company as an iMR (inMarketRetail) Match eligible turnkey vendor for dealership live chat.

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June 21, 2011 - Industry News

Dollar Thrifty Automotive Group Locks Up Long-Term Relationship with Expedia

Dollar Thrifty Automotive Group, Inc. today announced it has extended its relationship with Expedia, Inc., the world's largest online travel company

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June 20, 2011 - Industry News

vAuto Integrates Further with Manheim

Today, vAuto and Manheim announce yet another significant enhancement made possible by the new AutoTrader.com family alliance. Manheim Market Report (MMR) and OVE.com are now seamlessly integrated within vAuto, the leading inventory management solution.

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June 15, 2011 - Industry News

Gillman Auto Group Partners with NBC’s Today Show “Lend a Hand Charity”

The Gillman Automotive Group through their “Gillman Care’s Program partnered with NBC’s Today Show “Lend a Hand Charity” to surprise a local Houston charity, Casa de Esperanza – De Los Ninos – The House of Hope for Children.

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June 15, 2011 - Industry News

Two Industry Firsts from izmocars: Unprecedented Trim-Level Vehicle Image Accuracy plus Vehicle Animation Support for iPhone and iPad

izmocars today announced that its vehicle photography division, izmostudio, has achieved two industry firsts: 1) color-correct, trim-level interior and exterior vehicle images for all online platforms and 2) super-sharp, high-resolution vehicle animations that work with Apple’s iPhone and iPad.

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June 15, 2011 - Industry News

The Wolfington Group Promotes Daniel Freeman to Vice President

The Wolfington Group announced today that the company has promoted Daniel Freeman, of Manchester, ME to the position of Vice President.

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June 13, 2011 - Industry News

DealerTrack Backs Its Industry-Leading Compliance Solution with $25,000 Red Flags Guarantee

DealerTrack announced the company will offer an unprecedented $25,000 Red Flags Guarantee to current and new subscribers of its Compliance Solution.

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June 13, 2011 - Industry News

Auto/Mate Successfully Completes Development of DMS Integration for the Lexus Dealer Daily System

Auto/Mate Dealership Systems announced that it has successfully developed and tested its Automotive Management Productivity Suite (AMPS) for use with the Lexus Dealer Daily system.

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May 31, 2011 - Industry News

ActivEngage Launches Live Chat Mobile Application for Auto Dealers, Dealer Groups and Manufacturers

ActivEngage, the automotive industry's premium live chat with business intelligence for dealer websites, today announced the launch of a new mobile application that offers auto dealers advanced chat functionality on hand held devices.

Tags: 2011 DCA

May 31, 2011 - Industry News

CAR-Research XRM Releases Updated Service Drive Control Manager CRM Module

CAR-Research XRM, a single-source CRM solution uniquely branded as; “XRM, Exceeding CRM”, today announced that it has released an updated version of its highly successful Service Drive Control Manager.

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May 26, 2011 - Industry News

Auto Lenders Financing More Subprime Consumers in Q1, According to Experian Automotive

Experian Automotive today announced findings from its quarterly analysis of the automotive credit industry. The latest report shows that the share of loans to credit-challenged new vehicle shoppers grew by 11.1 percent in Q1 2011 compared with Q1 2010.

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May 25, 2011 - Industry News

DealerTrack To Acquire eCarList

DealerTrack AAX, Inc., a subsidiary of DealerTrack Holdings, Inc., today announced that it has signed an agreement to acquire substantially all the assets of eCarList LLC, a leading provider of inventory management and merchandising solutions for automobile dealerships.

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May 23, 2011 - Industry News

FordDirect Names Stacey Coopes Chief Executive Officer

FordDirect, a joint venture between Ford Motor Company and its franchise dealers, announced today the appointment of Stacey Coopes as CEO.

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May 19, 2011 - Industry News

Data Management Systems

The Data Management Systems category continues to be dominated by major players in the market, and the 2011 lineup mirrors last year’s.

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May 19, 2011 - Industry News

Inventory Management Tool

Three inventory management tools made the cut as Dealers’ Choice Award winners, and this year’s results may induce a feeling of déjà vu, considering all three companies placed the same as they did in 2010.

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May 19, 2011 - Industry News

Online Auctions - Purchasing Inventory

When it comes to purchasing inventory online, two auction companies received high marks from dealers.

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May 19, 2011 - Industry News

Auction Companies - Traditional

While there aren’t a ton of players in this category, dealers continue to report high satisfaction for one company.

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May 19, 2011 - Industry News

Subprime Credit Finance

Compared to recent years, dealers have been reporting loosened subprime financing, and their ratings of subprime finance companies this year correlate. For the first time since 2008, more than three subprime credit finance companies scored well enough to earn mention.

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May 19, 2011 - Industry News

Non-Captive Finance - Prime Credit

Historically, the group average in the Non-captive Prime Finance category is high compared to averages in other categories. This year, the category still fared well among dealers, with four companies receiving accolades.

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May 19, 2011 - Industry News

Captive Finance - Prime Credit

For the past couple years, dealers have rated five captive finance companies high enough to make the Dealers’ Choice Awards listing. This year, however, only three companies scored recognition from their respective dealer bases.

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May 19, 2011 - Industry News

Service Contracts - Reinsurance

While the Reinsurance category is a relatively new category, it’s been around long enough for trends to emerge. For the past three years, the group average has been relatively high compared to other group averages, and two companies have proven their staying power as top providers.

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May 19, 2011 - Industry News

Service Contract Provider

Familiar but different sums up this year’s winners in the Service Contract Provider category. Only one provider returned from last year, but all four companies with above-average scores have been recognized in past years.

Tags: 2011 DCA