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May 15, 2013 - Industry News

Delinquencies, Repossessions Up in 2013, Experian Automotive Reports

In the first quarter of 2013, 30-day auto loan delinquencies rose 1.3 percent, 60-day delinquencies increased 12.4 percent and repossessions rose 16.9 percent when compared with the previous year.

Tags: 2012 DCA

May 15, 2013 - Industry News

Marquet Intl.: Auto-Related Embezzlement Cases on the Rise

Marquet International released its annual white collar fraud and embezzlement report today. The report reveals that more automotive employees are embezzling than in previous years.

Tags: 2012 DCA

May 8, 2013 - Industry News

DealerSocket Launches Advanced Data-Mining Tool

DealerSocket is ready to release its RevenueRadar, an advanced database-mining tool that integrates with DealerSocket CRM and every major DMS.

Tags: 2012 DCA

May 8, 2013 - Industry News

CFPB Takes Aim at F&I Products

The Consumer Financial Protection Bureau is reportedly looking into the sale of F&I add-ons, a move that comes less than two months after the bureau said it would hold indirect auto lenders responsible for lending practices it considers discriminatory.

Tags: 2012 DCA

May 1, 2013 - Industry News

Dealertrack Technologies Elects Joe Payne to Board of Directors

Dealertrack Technologies elected Joe Payne to its board of directors. Payne is the former chairman and CEO of Eloqua, a provider of cloud-based marketing applications.

Tags: 2012 DCA

May 1, 2013 - Industry News

CU Direct Expands into Canada

CU Direct Corporation partners with Canada’s largest credit union to develop eSpaceAuto.com, which will connect its members to 2,200 auto dealer and merchant partners throughout Quebec.

Tags: 2012 DCA

April 23, 2013 - Industry News

Auto/Mate Releases Guide for Selecting CRM Systems

Auto/Mate’s recent survey found that integration with a DMS was the most important consideration when it comes to selecting a CRM. The DMS vendor also released a free e-Book.

Tags: 2012 DCA

April 16, 2013 - Industry News

eMarketer: Mobile Ad Spending to Reach $7.29 Billion in 2013

Mobile advertising will reach $7.29 billion in 2013, and Google will take home more than half of it, according to eMarketer.

Tags: 2012 DCA

April 16, 2013 - Industry News

Ford’s ‘Video Snacks’ Bring Vehicle Features Directly to Consumers

Ford launches a new Vehicle Orientation program. It is designed to bring consumers closer to the features available on their cars through an e-mailed checklist that contains links to ‘video snacks’ on Fordowner.com.

Tags: 2012 DCA

April 8, 2013 - Industry News

GM Testing Facebook Advertising

After pulling a reported $10 million annual ad spend with Facebook last May, General Motors is back on the social media site. This time, the automaker is testing mobile ads.

Tags: 2012 DCA

April 8, 2013 - Industry News

Polk: Ford Focus Named World’s Top-Selling Car

With 1,020,410 units sold worldwide, the Ford Focus is the world’s best-selling passenger car, according to data from Polk.

Tags: 2012 DCA

April 2, 2013 - Industry News

CarFinance Renews and Increases Credit Facility to $300 Million

The below-prime auto finance source increases its warehouse credit facility to fuel its originations activities this year. CarFinance currently operates in 44 states.

Tags: 2012 DCA

April 2, 2013 - Industry News

ADM Names Dealers’ Choice Award Winners

Auto Dealer Monthly reveals the winners of its ninth annual Dealers' Choice Awards. This year's contest had 66 winners in 27 categories.

Tags: 2012 DCA

March 27, 2013 - Industry News

CFPB Opens Consumer Complaint Database to the Public

The CFPB launches the nation’s largest database of federal consumer financial complaints. Bureau officials said the database will be used to prioritize its investigations, among other things.

Tags: 2012 DCA

March 27, 2013 - Industry News

NADA: CFPB’s Actions Detrimental to Consumers

The NADA and the National Association of Minority Automobile Dealers say the CFPB’s actions in regards to dealer participation will have an opposite effect on consumers, claiming their cost of credit will go up.

Tags: 2012 DCA

March 19, 2013 - Industry News

Google Allows Car Shoppers to Take Virtual Dealership Tours

Google Business Photos is allowing the site’s millions of online visitors to take a virtual tour of individual dealerships. Similar to Google’s Street View technology, the tour allows potential car shoppers to browse inside the dealership.

Tags: 2012 DCA

March 19, 2013 - Industry News

Dealer.com Launches Advertising Dashboard

The automotive digital marketing company’s new advertising dashboard is designed to take the guess work out of digital advertising, providing dealers with a holistic view of competitive market data, ad reach, analytics and multi-channel performance.

Tags: 2012 DCA

March 11, 2013 - Industry News

Rick Kurtz to Lead All Sales and Distribution for Protective

Protective promotes Rick Kurtz to senior vice president of distribution and Tim Blochowiak to vice president of dealer sales

Tags: 2012 DCA

March 11, 2013 - Industry News

CFPB Investigating Ally Financial

Ally Financial revealed in a March filing with the SEC that it is one of the banking institutions being investigated by the CFPB.

Tags: 2012 DCA

March 5, 2013 - Industry News

Dealertrack Unveils Mobile F&I Menu

DealerTrack rolled out two mobile tools at the industry’s annual get-together, showcasing a mobile F&I menu for the iPad and a new mobile DMS reporting tool.

Tags: 2012 DCA

March 5, 2013 - Industry News

Black Book Now Alerts Dealers to Pricing Changes

The expanded service will help dealers keep tabs on pricing changes related to specialty market vehicles, as well as alert them to pricing changes due to abnormal weather conditions and other unforeseen factors.

Tags: 2012 DCA

February 26, 2013 - Industry News

New Training Network Helps Dealers With Service Absorption

Don Reed's new training network is proven to help dealers improve their service absorption rates.

Tags: 2012 DCA

February 26, 2013 - Industry News

Dent Wizard Launches Reconditioning Retail Program

Dent Wizard’s MINT is a dealership-based cosmetic reconditioning retail program designed to provide a dedicated on-site dealership facility to help generate greater service department profits.

Tags: 2012 DCA

February 19, 2013 - Industry News

DealerRater/Polk: Higher Online Ratings Do Increase Sales

Dealers with an average star rating of four or higher had a 25 percent greater increase in sales, according to results of a new study conducted by DealerRater and Polk.

Tags: 2012 DCA

February 13, 2013 - Industry News

DriveItNow Selects VINClicks Advertising Platform

VINClick’s advertising platform will provide real payment quotes and instant approvals for car buyers deep in the buying funnel.

Tags: 2012 DCA