February 4, 2015 - Industry News
Rep. Ken Ivory (R-Utah) has introduced legislation that would send the sales-tax revenue from car sales to the hometown of the car buyer, instead of the city where the dealership is located.
Tags: legislation, sales tax, Utah
The owner and operator of a Pennsylvania dealership has been accused of taking money from at least 40 customers and not submitting title and registration paperwork and fees to the state’s Department of Transportation.
Tags: compliance, fraud, vehicle title
February 3, 2015 - Industry News
Jeffrey Brown, who headed up Ally’s dealer-financial services business, will succeed Michael Carpenter, who is retiring from his post and from the company’s board after five years.
Tags: Ally Financial, Jeffrey Brown, Michael A. Carpenter
Vehicle depreciation is expected to increase in 2015 as a larger used-car supply and off-lease volumes place pressure on retention rates, according to a report from Black Book and Fitch Ratings.
Tags: Black Book, Fitch Ratings, Report, used-vehicle values, vehicle depreciation
The research firm attributed the 2% gain in used-vehicle sales to higher CPO sales and a growing inventory of fresh off-lease vehicles. Even independents felt the trickledown effect of quality used vehicles.
Tags: CNW Research, Used-Car Sales
Flick Fusion added 2015 make and model-year cars to its expanded library of PicMotion new vehicle inventory videos.
Tags: Flick Fusion, Online Marketing, Video Advertising
Mercedes-Benz and BMW saw significant traffic spikes on Edmunds.com after ads from the two companies ran during the Super Bowl, according to real-time analysis from Edmunds.com.
Tags: BMW, commercials, Edmunds.com, Mercedes-Benz, Super Bowl
During a quarterly earnings conference call last week, Ally’s former CEO opened up about General Motors’ unexpected decision to move all of its lease incentives to its captive, GM Financial.
Tags: Ally Financial, GM Financial, IPO, leasing, Quarterly Earnings
January 29, 2015 - Industry News
Officials with the F&I product provider said at last week’s NADA Convention & Expo that the company didn’t just develop a tablet menu, it developed a mobile F&I process.
Tags: Customer Interview, F&I Presentation, F&I process, iPad, mobile menu, Zurich
January 28, 2015 - Industry News
In its 20th year, Manheim’s Used Car Market Report showed that slightly more than 42 million used vehicles were sold last year. It also showed that dealership used-vehicle operations produced record profits.
Tags: Manheim, Manheim Used Vehicle Report, remarketing, Wholesale
The firm’s ADESA Assurance is a new no-questions-asked return guarantee on select, one-owner, off-lease vehicles sold on ADESA DealerBlock.
Tags: ADESA, Auto Auctions
Eighty percent of the cars and trucks in the Swapalease.com auto lease marketplace are in the gray family, including white and black.
Tags: Survey, Swapalease.com
DealerRater has added ServiceEngage and 360Connect products to its Certified Dealer Program toolkit to strengthen dealer online visibility and customer engagement.
Manheim has established Manheim Charlotte, an onsite auction operation at a Hendrick Automotive Group dealership in Concord, N.C.
Autoloop has applied for and was granted entry into Reynolds’ Certified Interface Program but has not yet completed the entire Reynolds certification process.
Tags: AutoLoop, Reynolds & Reynolds
After 18 months of development and programming, OnlineBKmanager.com now has the ability to deliver leads to franchised dealers on a daily basis. Upgrades also include improvements to the company’s exclusive multi-step lead cleansing process.
Tags: bankruptcies, Internet Leads, OnlineBKManager
The firm now offers a Certified Buyer Program designed to educate buyers on risk mitigation when purchasing auction vehicles.
Tags: Auto Auctions, DealShield
January 27, 2015 - Industry News
In response to the FTC’s targeting of dealer ads, the NADA released at its annual convention last week a new publication designed to help new-car dealers comply with federal advertising requirements.
The Next Up launched a geo-fencing product, LiveDrive, to help managers better determine test drive success based on route, time spent and speed.
Tags: Test Drive, The Next Up
This month, the Department of Justice issued a subpoena to Consumer Portfolio Services requiring the finance source to turn over documents related to subprime auto finance.
Tags: Consumer Portfolio Services Inc., Department of Justice, subprime
J.D. Power and LMC Automotive expect the industry to realize its best January for new-vehicle sales since 2004, with the firms projecting sales of 932,000 units.
Tags: J.D. Power and Associates, new-vehicle sales, SAAR
The technology firm said it more than doubled its econtracting volume in 2014 to 1.55 million contracts processed.
Digital Air Strike will integrate its survey technology with MerchantCircle's listings and reviews platform, allowing dealers to provide an easier, more automated method for posting customer reviews.
Tags: Customer Reviews, Dealer Review Sites, Digital Air Strike, Systems Integration
Experian’s new Auto Equity Model helps users estimate a consumer’s vehicle equity on an existing auto loan.
Tags: Auto Loans, Equity, Experian
VinSolutions’ VinConnect Mobile app gives dealers access to their CRM from a hand-held mobile device. Other features include mobile call tracking and a customer I.D. scanner.
Tags: CRM, Mobile Applications, mobile solution, VinSolutions
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