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May 16, 2017 - Industry News

Google to Develop Volvo’s Future Infotainment System

The automaker has tapped Google to develop the carmaker’s next-generation in-car infotainment and connectivity solutions, which will be based on the tech company’s Android operating system. The system will launch on new Volvo models within two years.

Tags: Connected Vehicle, Google, Infotainment Systems, Volvo

May 16, 2017 - Industry News

New Study: Generation Gap On Auto Ownership Is as Wide as a Highway

Teens say they're ready for car ownership, while parents disagree. The reason, a new study from American Honda Finance Corp. reveals, will make Baby Boomers shake their heads.

Tags: American Honda Finance, Baby Boomers, Gen Z, Millennials

May 16, 2017 - Industry News

Berman Resigns as President, COO of AutoNation

William “Bill” Berman, who is credited with developing AutoNation's processes for used-vehicle sales and customer care, has resigned. Chairman and CEO Mike Jackson has assumed his duties until a replacement is named.

Tags: AutoNation, Dealer Group, Mike Jackson, Promotions, William Berman

May 16, 2017 - Industry News

DealersLink Releases FastBook Pro 5.0

DealersLink says its new booking tool features an improved VIN scanner and state-of-the-art enhancements.

May 16, 2017 - Industry News

NAE Raises Money for Cleveland Christian Home

The F&I product provider helped raise more than $59,000 for the Cleveland Christian Home’s annual 5K and Run for the Kids event. In total, the event raised more than $72,000 to support the organization’s 17-plus community outreach programs.

Tags: charity giving, F&I products, National Automotive Experts

May 15, 2017 - Industry News

Lease Approvals Fall by 20% in April

Analysts with Swapalease.com report lease approvals fell from more than 75% in March to 60% last month.

May 13, 2017 - Industry News

Search Optics Launches Virtual BDC

The company says a pilot program for the new solution reduced response times and improved appointment-setting rates by up to 15%.

May 11, 2017 - Industry News

Ally Adding Digital Signature, Contract Management Capabilities to Clearlane

Launched in April, Clearlane will soon be getting an upgrade. Through eOriginal, the auto finance marketplace will soon allow car buyers to sign and submit their financing documents online or via mobile devices.

Tags: Ally, auto finance, Clearlane, digital retailing, online F&I

May 11, 2017 - Industry News

GM Financial Completes Transition to Captive in Q1

Executives with the former AmeriCredit Corp. described GM Financial’s transition to General Motors’ captive finance source as ‘substantially complete’ during its recent first-quarter earnings call.

Tags: auto finance, GM Financial

May 10, 2017 - Industry News

Imprise Financial Announces New Account Executive

The captive insurance provider has added Derek Thomas to its team. He is responsible for serving the firm’s clients with an emphasis on enterprise risk programs.

Tags: Captive Insurance Provider, F&I products, Imprise Financial

May 10, 2017 - Industry News

TransUnion: Auto Delinquencies Tick Up as Originations Slow

The impact of wider access to credit on repayment rates could be causing auto finance sources to reevaluate their guidelines for subprime and nearprime borrowers.

May 10, 2017 - Industry News

Longtime Wells Fargo Dealer Services Exec Joins CRB Auto

Bill Katafias, a longtime retail credit executive for Wells Fargo Dealer Services, has joined CRB Auto as its new CEO. He succeeds Scott Raymer, who previously announced his resignation from his CEO post to pursue other opportunities.

Tags: auto finance, Bill Katafias, CRB Auto, Indirect Lending, Mechanics Bank, Wells Fargo Dealer Services

May 10, 2017 - Industry News

dealerIQ Adds Trade Appraisal Platform

tradeIQ was designed to increase website engagement and reduce the need for lengthy appraisal forms.

May 10, 2017 - Industry News

FTC Adds Cyberattack Resources for Small Businesses

New website was designed to help auto dealers and other small business owners avoid and minimize the impact of cyberattacks and scams.

May 10, 2017 - Industry News

PayLink Direct, Omnisure Group Announce Merger

The merger creates what officials describe as the largest vehicle service contract payment plan provider in the United States. The new entity will operate under the PayLink Direct brand. Rebecca Howard, cofounder of PayLink Direct, will serve as CEO.

Tags: F&I products, Omnisure, PayLink Direct, Payment Plan, vehicle service contracts

May 10, 2017 - Industry News

eBay Motors Integrates TrueCar Shopping Tools

The partnership with TrueCar was one of a series of announcements made by the ecommerce site, which debuted an improved look to its website and tire installation services.

Tags: digital retailing, eBay Motors, online F&I, Third-party leads, TrueCar

May 10, 2017 - Industry News

Auto Finance Sources Team Up to Combat Fraud

Thirteen finance sources representing a third of U.S. auto finance originations met last week to take a bite out of the estimated $6 billion in annual fraud losses.

Tags: auto finance, bank fraud, compliance, PointPredictive, Santander Consumer USA

May 9, 2017 - Industry News

EFG Wins Three American Business Awards

EFG Companies earned a Gold and two Bronzes in the 15th annual ABAs, as well as ‘Top Contact Center’ honors from BenchmarkPortal.

May 9, 2017 - Industry News

LotLinx Names Former Lithia Marketing Exec to Newly Created Position

Lotlinx named Mark Conner, who served as assistant vice president of marketing for Lithia, to the newly created position of vice president of channel strategy. He will focus on helping LotLinx customers eliminate ad waste while improving inventory turn. He will also lead the company's efforts to serve larger dealer groups.

Tags: digital marketing, digital retailing, LotLinx

May 9, 2017 - Industry News

Manheim Promotes Three to GM

Dave Rathjens, Greg Milam and Martin Sandoval have been promoted to general manager of their respective markets in Lakeland, Fla., Seattle and Central California.

May 9, 2017 - Industry News

Manheim Announces Selection of Two Sales Execs

Peter Grupposo has been promoted to vice president of dealer sales while Holly Capps joins the company as vice president of inventory solutions commercial and vehicle sales.

May 9, 2017 - Industry News

Manheim Used Vehicle Value Index Increases 1.6% in April

The index's April reading was 124.7, a year-over-year improvement thanks to the 0.5% increase in wholesale used-vehicle prices. Manheim officials said any weakness is more a result of excessive new-vehicle inventory, with more than four million new units sitting on dealer lots for the last three months.

Tags: Manheim Used Vehicle Report, new-vehicle sales, Used Vehicle Value Index, used-vehicle values, Wholesale Pricing

May 9, 2017 - Industry News

Maserati Rolls Out CPO Program

© 2017 Copyright Maserati Automotive

The new offering places two years of unlimited mileage warranty coverage on the hoods of all vehicles sold under the Officine Maserati Certified Pre-Owned program. Buyers also get a free three-month trial of SiriusXM.

Tags: certified pre-owned vehicles, Maserati, used-vehicle sales

May 8, 2017 - Industry News

Sarasota Ford Featured in New Facebook Business Success Story

Sarasota Ford was the subject of a recent Facebook Business feature, which highlighted the dealership's work with Dealers United on an ad campaign that generated 30,185 video views and five vehicle sales within 30 days.

Tags: digital marketing, facebook advertising, Sarasota Ford

May 8, 2017 - Industry News

Asbury Appoints New CFO

Certified public accountant Sean D. Goodman was appointed senior vice president and CFO of the group. He previously served as vice president, chief accounting officer and CFO for Unifi Inc., a textile solutions manufacturer and distributor listed on the New York Stock Exchange.

Tags: Asbury Automotive