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October 8, 2013 - Industry News

Edmunds Redesigning Site Around Price Promise Feature

This month, Edmunds.com will launch a newly redesigned site centered on its Price Promise program. It will allow users to select a vehicle with a locked-in, haggle-free price.

Tags: Brittany-Marie Swanson, Edmunds, Edmunds.com, Price Promise, Website

October 1, 2013 - Industry News

AFS Acceptance Names New President

AFS Acceptance announced the promotion of Scot Seagrave to president of the company.

Tags: AFS Acceptance, Scot Seagrave

October 1, 2013 - Industry News

Equifax: Auto Loan Balance Hits 5-Year High

The balance of auto loans in August increased 9.7 percent from last year, rising from $760.8 billion to $834.4 billion, according to Equifax’s National Consumer Credit Trends Report.

Tags: Auto Loan Delinquency Rate, Credit, Delinquencies, Equifax, Equifax National Consumer Credit Trends Report

October 1, 2013 - Industry News

AutoTrader Rolls Out iPad Shopper App

The new app features dozens of search filters and an intuitive design to help car shoppers explore the site’s more than three million new and used vehicles.

Tags: Android, AutoTrader.com, iPad, iPhone

September 25, 2013 - Industry News

Edmunds.com Among 'Most Trusted' Online Review Sites

Edmunds.com ranked the fourth highest on the 2013 Online Customer Review Study, beating out sites like Yelp, Google+, Hotels.com and others. DealerRater ranked No. 13 on the list.

Tags: 2013, Edmunds.com, Maritz Research, Online, review site, reviews, Study

September 24, 2013 - Industry News

Judge Partially Blocks N.H. Dealer-Protection Bill, GM Drops State Dealer Incentives

Heavy farm equipment manufacturers won temporary exemption from New Hampshire’s newly amended Dealer Bill of Rights, days before it was to take effect on Monday. Dealers there were dealt another blow that day when General Motors announced it was pulling its dealer sales incentives from that state.

Tags: General Motors, incentives, lawsuits, New Hampshire, Stephanie Forshee

September 24, 2013 - Industry News

Dealertrack to Acquire VINtek

Dealertrack has reached an agreement to acquire VINtek for an estimated $53.4 million. The deal is expected to close at the end of the year.

Tags: Acquisition, Dealertrack, VINtek

September 24, 2013 - Industry News

Yelp Takes On Law Firm Over Fake Reviews

Yelp filed another lawsuit against a company that allegedly posted fake reviews. This time, the complaint was filed against a law firm that successfully sued Yelp over its advertising practices.

Tags: Customer Reviews, Lawsuit, online reputation management, Yelp

September 17, 2013 - Industry News

CNCDA Seeks to Investigate Tesla Ads, San Francisco Chronicle Reports

According to the San Francisco Chronicle, the California New Car Dealers Association is seeking an investigation into Tesla Motors' advertising practices.

Tags: advertisements, California New Car Dealers Association, DMV, Investigation, Tesla

September 17, 2013 - Industry News

Cars.com Combats Top Mistakes of Automotive Marketing

In a webinar titled, “The Seven Digital Sins of Attribution,” Cars.com offered a guide to the most common metrics mistakes and how dealers can correct the misconceptions.

Tags: Cars.com, digital marketing, Kirsti Correa, webinar

September 12, 2013 - Industry News

Online Media to Dominate Automotive Advertising in 2013

A new study predicts that online media will dominate automotive advertising this year. It also indicates that the migration to digital advertising is still in the beginning stages.

Tags: 2013 Automotive Advertising Outlook, advertising, Borrell Associates, Brittany-Marie Swanson, budget, Online

September 12, 2013 - Industry News

HookLogic Joins Dealer.com's Certified Provider Program

Hooklogic’s Web2Show and Lead2Show tools will now be available to members of Dealer.com’s Certified Provider Program.

Tags: Certification, Dealer.com, HookLogic

September 12, 2013 - Industry News

StoneEagle, Evolve Partner on Hiring Platform

Using the AutoSelect platform, dealers can easily sort job candidates by its red, yellow and green indicators.

Tags: hiring, StoneEagle Group

September 12, 2013 - Industry News

DOJ Settles Rate Discrimination Suit Against Calif. Dealer

The U.S. Department of Justice settled a lawsuit filed against the former Union Mitsubishi of Los Angeles. The suit claimed the dealer charged non-Asian customers higher interest rate markups.

Tags: Equal Credit Opportunity Act, Federal Reserve, Mitsubishi

September 10, 2013 - Industry News

New TrueCar Policy Raises Questions

TrueCar takes fire for new write-off policy that requires dealers to pay for every TrueCar user who walks through their door and buys a vehicle. The company’s chief executive said the new policy was added to provide clarity, not to punish loyal users of the service.

Tags: Brittany-Marie Swanson, Policies, Scott Painter, TrueCar, TrueCar Dealer Council, TrueCar.com

September 10, 2013 - Industry News

Cal Worthington Passes Away at 92

Cal Worthington, best known for his iconic TV ads that played on the most imaginative stunts to get customers to 'Go See Cal,' passed away Sunday afternoon.

Tags: advertising, auto dealer, Cal Worthington, car dealer, Ford, Go See Cal, marketing, obituary, Stephanie Forshee, TV commercial

September 10, 2013 - Industry News

NADA: August SAAR Highest Since November 2007

Not since the fall 2007 has the industry’s SAAR reached the 16 million-unit level. The NADA also reports that August went on record for the highest monthly sales volume this year.

September 10, 2013 - Industry News

Dealertrack Releases ECOA/Fair Lending Compliance Resources

The technology firm’s new model compliance template and supporting worksheets are designed to help dealers develop fair lending policies and address potential credit discrimination audits.

September 6, 2013 - Industry News

NADA Issues Dealer Data Guidance

The NADA issued a memo to members last week that outlines regulatory requirements for protecting the consumer information they collect. The memo follows warnings about data access from the FTC and F&I and Showroom columnist Jim Ziegler.

Tags: Brittany-Marie Swanson, Data, data protection, DMS, Federal Trade Commission, Gramm-Leach-Bliley, NADA, National Automobile Dealers Association

September 4, 2013 - Industry News

Steven Antonakes Named Deputy Director of CFPB

Steven Antonakes officially assumes the role of deputy director for the CFPB, the bureau announced this week.

Tags: CFPB, Richard Cordray, Steven Antonakes

September 4, 2013 - Industry News

CFPB Puts 'Furnishers' on Notice

The CFPB put companies that supply information to consumer reporting companies on notice, warning them that they are bound by law to investigate consumer disputes.

Tags: bulletin, CFPB, consum credit report, Consumer FInancial Protection Bureau, Fair Credit Reporting Act, notice

September 3, 2013 - Industry News

2 Dealers Accused of False Advertising Settle With FTC

As part of their settlement with the FTC, two dealers from Maryland and Ohio are prohibited from advertising discounts or prices unless the ads clearly disclose any qualifications or restrictions.

Tags: false advertisements, Federal Trade Commission, FTC, Settlement

August 28, 2013 - Industry News

Edmunds.com Settles With Firm for ‘Fake Reviews’

GlowingReviews.co

Edmunds.com reached a settlement with Humankind Design Ltd., the online reputation management firm the site was suing for posting fraudulent reviews on behalf of 25 car dealers nationwide.

Tags: court, Edmunds.com, Humankind, Justin Anderson, Lawsuit, ratings, reviews, settle, Settlement, Stephanie Forshee

August 27, 2013 - Industry News

Son of Larry H. Miller Dies at 44

Roger Lawrence Miller, son of Larry H. Miller, passed away unexpectedly at the age of 44. He grew up working in the family’s dealerships and eventually worked in almost every operation under the Larry H. Miller Automotive Group.

Tags: Larry H. Miller Dealerships, obituary

August 22, 2013 - Industry News

AutoTrader, Kelley Blue Book to Launch Versions of Dealer Reviews

AutoTrader.com will introduce a new version of dealership reviews to its site, company officials confirmed this week. Meanwhile, Kelley Blue Book is in the process of testing a ‘Dealer Ratings’ feature.