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August 28, 2017 - Industry News

Dealership Buy/Sells Plateau in First Half

The latest Blue Sky Report from Kerrigan Advisors counts 200 transactions in the first half of 2017 and predicts increased dealership buy/sell activity in Q3 and Q4.

August 28, 2017 - Industry News

Auto Industry Lawyer Halbert Rasmussen Joins The Scali Law Firm

Rasmussen is highly regarded for the breadth and depth of his industry knowledge and experience in representing major players in car, truck, bus, and motorcycle sales, finance, and technology. He counts the California New Car Dealers Association as one of his former clients.

August 26, 2017 - Industry News

Study: Online Appointment-Scheduling Drives Service Visits

New research by Xtime shows a connection between online service-appointment scheduling and customer loyalty.

August 25, 2017 - Industry News

Lincoln Opens New Luxury Experience Center

The Lincoln Experience Center at the site of The Star in Frisco in Dallas. Photo courtesy of Lincoln.

The Lincoln Experience Center at The Star near Dallas offers a plush, luxurious space for potential clients to learn about the brand at their own pace.

Tags: Lincoln, Lincoln Experience Center, luxury sales

August 24, 2017 - Industry News

Pearl Technology Releases Dynamic Payment Calculation Widget for Dealer Websites

The new website widget calculates and displays six different payments to vehicle shoppers in under three seconds, according to company officials. It is designed to work within the search results page and vehicle details page levels of a dealer's website.

Tags: digital retailing, online F&I, Pearl Technology, ShowroomXpress

August 24, 2017 - Industry News

GM: Dealers Must Disclose Non-GM Parts, Service Contracts

General Motors dealers who sell non-GM service contracts, parts and accessories must now disclose to their customers that the products are not backed by the automaker. Dealers who don’t comply face possible termination of their franchise agreement.

Tags: aftermarket accessories, California New Car Dealers Association, compliance, General Motors, NADA, National Automobile Dealers Association, Regulations, vehicle service contracts

August 23, 2017 - Industry News

Finalists Announced for 2017 F&I Digital Media Awards

F&I and Showroom and F&I Express announced 13 finalists in five categories for the first-ever F&I Digital Media Awards.

August 23, 2017 - Industry News

LotLinx Adds End-of-Month Sales Booster to VIN-Specific Product Suite

LotLinx VS - VINdrop is designed to boost end-of-month performance and revenue goals by generating up to 10 additional sales in 10 days through a blast of 15 low-funnel shopper VDP views per VIN.

August 23, 2017 - Industry News

NAE/NWAN Makes List of 99 Best Workplaces

National Automotive Experts (NAE/NWAN) was named to ERC’s list of the 99 best places to work in Northeast Ohio.

August 22, 2017 - Industry News

Roadster Adds Southern California’s Longo Toyota

Roadster is on the move. The startup has secured $7.25 million in additional funding and added the largest Toyota dealership in the world to its digital retailing platform.

Tags: digital retailing, online F&I, Roadster, showroom, technology

August 22, 2017 - Industry News

Swapalease: Q2 Dominated by SUVs, CUVs, Sports Cars

Swapalease.com’s second-quarter report shows growing interest in sport utilities, crossover SUVs and sporty models.

Tags: auto finance, leasing, Swapalease.com

August 22, 2017 - Industry News

Fastlane Launches Online Car-Buying Platform

Online shoppers who land on a dealer's website equipped with Fastlane's platform can pick out their vehicle, get a value for their trade-in vehicle, get pre-approved for financing and even educate themselves on F&I products and vehicle insurance.

Tags: digital retailing, Fastlane, online F&I, Startup, technology

August 22, 2017 - Industry News

Mirra Promoted to Vice President at EasyCare

Rob Mirra has been promoted to vice president of new business acquisition for EasyCare, where he will lead the search for new partnerships with dealers and vendors.

Tags: EasyCare, F&I manager, F&I products

August 21, 2017 - Industry News

N.J. Dealer Agrees to Pay $136,000 to Resolve Consumer Fraud Investigation

Three days after the New York attorney general's office reached settlement with a dealer for tacking on etch after customers agreed to prices for vehicles and often without their knowledge, New Jersey Attorney General Christopher Porrino reached an agreement with Sansone Hyundai to settle similar charges.

Tags: Christopher S. Porrino, compliance, Etch, New Jersey Attorney General, payment packing, Sansone Hyundai, vehicle service contracts

August 17, 2017 - Industry News

‘Father of F&I Menu’ to Hold Court at F&I Think Tank

George Angus, referred to as the ‘Father of the F&I Menu,’ will be at Industry Summit’s F&I Think Tank to take attendees down F&I’s memory lane during a special lunchtime address. They will be entertained and enlightened, as this legendary trainer shares the good, the bad, and the ugly of the F&I profession.

Tags: auto finance, compliance, F&I products, George Angus, Team One Group

August 17, 2017 - Industry News

Swapalease: Lease Credit Approvals Fall in July

The car lease marketplace attributed the dip in approvals to a combination of factors, including a higher volume of credit-challenged lease applicants and a higher number of applicants looking for vehicles in higher-priced categories.

August 17, 2017 - Industry News

KPA Acquires Automotive Compliance Consultants

KPA Services has acquired Automotive Compliance Consultants in a move the heads of both companies say will pair KPA’s SaaS solutions with ACC’s national compliance team.

August 17, 2017 - Industry News

AmTrust Names Jackie Banks Vice President of Reinsurance for Special Risk Division

The former reinsurance executive for Allstate Dealer Services will be responsible for all aspects of reinsurance for AmTrust’s Special Risk division, including sales support, training and development of staff, as well as general management responsibilities.

Tags: AmTrust, F&I products, reinsurance

August 16, 2017 - Industry News

TransUnion: Auto Originations Fall for Third Consecutive Quarter

First-quarter auto loan originations declined 2.9% from the year-ago period to 6.73 million in the first quarter, the third consecutive quarter of year-over-year declines and the first decline in origination growth in any first quarter since 2010. Officials attribute the drop to the subprime retreat.

August 16, 2017 - Industry News

CNA National Welcomes New CIO

Former Pacific Specialty and Marsh Inc. executive Jim Lee has joined CNA National Warranty Corp. as the company’s new chief information officer.

August 16, 2017 - Industry News

Westlake Financial Now Using Equifax’s Dealer Intelligence Platform

Equifax’s TradeSight allows finance sources to analyze originations, current and future dealer partners, and performance of finance contracts booked through dealer partners. The platform works by combining Equifax’s consumer credit information with dealer and vehicle data from third-party data sources.

Tags: auto finance, Equifax, Westlake Financial Services

August 16, 2017 - Industry News

'Total Loss Protection' at Center of NY Dealer's $298K Settlement With State AG

New York Attorney General Eric Schneiderman announced that Nissan of New Rochelle will pay $298,000 in restitution and penalties to settle charges relating to the dealership’s “Total Loss Protection” theft-deterrent program. Photo courtesy New York State Office of the Attorney General

The office of New York Attorney General Eric Schneiderman announced that Nissan of New Rochelle will pay $298,211 in restitution, penalties and fees to settle claims the dealership charged hundreds of car buyers thousands of dollars for an ‘unwanted and bogus’ theft-deterrent product.

Tags: compliance, Eric T Schneiderman, Etch, F&I products, New York, Nissan of New Rochelle, payment packing, Total Loss Protection

August 16, 2017 - Industry News

Ziegler Joins Compliance Summit Roster as Keynote Speaker

Trainer, author, forecaster and industry firebrand Jim Ziegler will deliver the keynote address at the upcoming Compliance Summit.

Tags: auto finance, compliance, Compliance Summit, F&I manager, F&I office, Jim Ziegler

August 15, 2017 - Industry News

F&I Think Tank: Opening Session to Focus on Auto Finance's Cool-Down

In 2017’s opening quarter, auto loan balances registered single-digit growth for the first time in four years. F&I trainers Tony Dupaquier and Shaka Dyson will translate what the trends mean to the F&I office. They'll also offer strategies for uncovering a finance source’s appetite and training the desk on proper deal structure.

Tags: auto finance, Dealer F&I University, F&I manager, F&I office, F&I Think Tank, F&I training, Shaka Dyson, The Academy, Tony Dupaquier

August 15, 2017 - Industry News

RoadVantage Promotes Randy Ross to President of Sales

Aside from Ross' promotion, the F&I product provider announced the addition of Keith Cooper and Steve Chandler to the company's senior management team.

Tags: F&I office, F&I products, Promotions, RoadVantage