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July 31, 2017 - Industry News

Judge in Authenticom Antitrust Suit Confirms Preliminary Injunction

A federal court judge declared last Friday that Reynolds and CDK can’t prevent Authenticom from providing services to dealers who, as of May 1, have authorized its data integration services. The ruling was issued as the judge entered the final form of his preliminary injunction in Authenticom’s antitrust suit against the two DMS providers.

Tags: antitrust, Authenticom, CDK Global, data protection, Reynolds & Reynolds

July 31, 2017 - Industry News

Study: Car Buyers Choose Online Research Over Dealership Visits

A new study from Netsertive finds two-thirds of car buyers visit only one or two dealerships but fewer than half know which brand they want when they start searching online.

July 27, 2017 - Industry News

CFPB: Small-Dollar Lending, Debt-Collection Rules Are Coming

The day Republicans introduced joint resolutions in both houses aimed at blocking the Consumer Financial Protection Bureau’s new arbitration rule, a bureau staffer noted in a blog post that the regulator isn't done writing, issuing and finalizing rules.

Tags: Arbitration, auto finance, CFPB, compliance, Debt Collection, Payday Lending

July 27, 2017 - Industry News

Kia Earns KBB Accolades

The South Korean OEM placed two models in Kelley Blue Book’s rankings of the 10 Most Awarded Cars of 2017 and earned a spot on KBB’s 10 Most Awarded Brands list.

July 26, 2017 - Industry News

U.S. House Passes Resolution to Block CFPB's Arbitration Rule

The U.S. House passed a joint resolution of disapproval under the Congressional Rule Act to block the CFPB’s rule banning mandatory arbitration clauses in finance contracts. The resolution now needs Senate approval and the president’s signature to repeal the rule, which industry insiders say could impact the sale of F&I products.

Tags: Arbitration, auto finance, CFPB, compliance, House Financial Services Committee, Jeb Hensarling

July 26, 2017 - Industry News

J.D. Power: Consumers Find New Vehicles More Appealing Than Ever

The latest edition of J.D. Power’s APEAL Index shows a nine-point increase from last year’s report.

July 26, 2017 - Industry News

Former Ally and Exeter CIO Joins White Clarke Group

Nick Ockwell has joined the loan origination and servicing software provider as its executive vice president of operations for the Americas. The announcement comes less than a year after Five Arrows Principal Investments made a significant equity investment in the firm with the intent to scale the business.

July 26, 2017 - Industry News

MeridianLink Adds RouteOne’s Econtracting Solution to Loan Origination System

The connection removes the complexity of adding econtracting for finance sources utilizing MeridianLink’s LoansPQ loan origination system, according to officials.

Tags: econtracting, MeridianLink, RouteOne, software, technology

July 26, 2017 - Industry News

KAR Brings ‘Power of the Platform’ to TradeRev Experience

KAR Auction Services and TradeRev have partnered to launch a series of integrated transportation, financing and physical auction offerings for auto dealers.

July 25, 2017 - Industry News

Wendy Reeves to Helm Two Sessions at Special Finance Conference

BDC expert Wendy Reeves will present ‘The ABCs of Success in the BDC’ and ‘Defining the Role & Duties of the Business Development Manager’ at this year’s Special Finance Conference.

Tags: BDC, DealerStrong, Industry Summit, Special Finance Conference, Wendy Reeves

July 25, 2017 - Industry News

IAS Seeks Entries for ‘Ask Frenchy’ Contest at Industry Summit

IAS and Industry Summit have teamed up to present ‘Ask Frenchy,’ a contest that will send five lucky dealers and F&I professionals on a free trip to Industry Summit.

Tags: Ask Frenchy, Eric Mélon, F&I manager, F&I training, IAS, Industry Summit

July 25, 2017 - Industry News

Republicans Challenge CFPB’s Arbitration Rule

The day after the Consumer Financial Protection Bureau published its new arbitration rule in the Federal Register, House and Senate Republicans filed joint resolutions to block the rule from taking effect in September..

Tags: Arbitration, auto finance, CFPB, CFPB study, compliance, Jeb Hensarling

July 25, 2017 - Industry News

GWC Sponsors Local Food 4 Kids Program

GWC Warranty partnered with the Commission on Economic Opportunity to help provide meals for at-risk children.

July 25, 2017 - Industry News

Hudson Cook Team Updates ‘CARLAW F&I Desk Book’

Authored by attorneys Thomas B. Hudson, Michael Benoit, Ralph Rohner and the attorneys of Hudson Cook LLP, 'CARLAW F&I Legal Desk Book (7th edition) – The Answer Book for Finance and Insurance Professionals,' presents a law-by-law, regulation-by-regulation guide through the legal maze that dealers face every day.

Tags: auto finance, CARLAW, compliance, Hudson Cook LLP, Michael Benoit, Regulations, rules, Tom Hudson

July 25, 2017 - Industry News

Dashboard Dealership Enterprises Releases Executive Eye 3.0

The latest version of the firm’s business analytics suite features a new user interface, and advanced budgeting and forecasting tools. The new reporting suite also works on mobile devices, including tablets.

Tags: business analytics, Dashboard Dealership Enterprises, dashboard tool, performance reporting

July 25, 2017 - Industry News

Alexi Venneri Joins PALS Roster

Digital marketing expert and successful technology entrepreneur Alexi Venneri of Digital Air Strike will deliver a featured presentation on social media brand management at the upcoming P&A Leadership Summit.

Tags: Alexi Venneri, Digital Air Strike, Industry Summit, P&A Leadership Summit, social media

July 24, 2017 - Industry News

Ford Honors Galpin’s Bert Boeckmann With First ‘Dealer Hall of Fame’ Award

Aside from recognizing the Southern California operation’s chairman and CEO, Ford recognized Galpin for being the No. 1 volume Ford dealership for a record 27 years in a row.

July 24, 2017 - Industry News

TagRail Debuts Customer Experience Management Platform

The new ‘customer experience management’ platform was designed to structure, organize and streamline the sales process and give sales managers a new performance-monitoring tool.

Tags: Customer Experience, software, TagRail

July 24, 2017 - Industry News

StoneEagle Opens Dallas Golf Tournament Registration

Registration is now open for Golf for Heroes, a charity tournament benefiting Carry The Load that will be held in conjunction with Industry Summit.

Tags: charity giving, Golf for Heroes, Industry Summit, StoneEagle Group

July 24, 2017 - Industry News

Recall Masters Integrates With Record360

Recall Masters Inc. has integrated its real-time vehicle recall lookup solution into the Record360 app, which allows dealers to automate the asset management component within their rental and leasing department by digitizing vehicle condition reviews.

Tags: Recall Masters, Record360, rental operation, vehicle recall

July 21, 2017 - Industry News

StoneEagle Seeks Sponsors for Charity Golf Tournament

StoneEagle is offering $3,500 hole sponsorship opportunities to companies and individuals that wish to support Golf for Heroes and Carry The Load.

Tags: Carry the Load, charity giving, Golf for Heroes, Industry Summit, StoneEagle Group

July 20, 2017 - Industry News

DealerEFX Launches Email Quality Assurance Solution

DealerEFX has launched Enterprise Template Manager, a new solution designed to ensure quality email communications for dealerships.

July 20, 2017 - Industry News

Credit Tightening at Wells Fargo to Continue Into 2018

Wells Fargo President and CEO Timothy Sloan

With second quarter originations plunging 45% from a year ago on tightening underwriting standards, bank execs said they expect originations to continue falling for the rest of the year before stabilizing in the first half of 2018.

Tags: auto finance, car loan, F&I office, Wachovia Dealer Services, Wells Fargo Dealer Services

July 20, 2017 - Industry News

Porsche Takes Top Spot in OEM Website Rankings

The latest edition of J.D. Power’s semiannual cross-device website evaluation study ranks manufacturer sites in terms of information and content, appearance, speed and navigation.

July 20, 2017 - Industry News

Automotive Assurance Group Now Part of Amtrust Financial Services Group

The F&I agency has represented Warranty Solution, an AmTrust company, for more than 14 years. Now it can offer its dealer clients the resources of AmTrust programs as well as access to other F&I product providers the firm represents.

Tags: AmTrust, Automotive Assurance Group, F&I products, general agents