October 15, 2014 - Industry News
TrueCar's 9,000 certified dealers have agreed to disclose costs for vehicle accessories and non-governmental doc fees under the firm's new 'No Surprises' initiative.
Tags: certified dealers, online shoppers, TrueCar
Wholesale used-vehicle prices softened for the fifth straight month in a row, ADESA reported this week. But improved retail sales of used vehicles helped cushion the blow from growing supply.
October 14, 2014 - Industry News
The service was previously known as Showroom Watchdog, but it was rebranded as Engage when AutoLoop purchased CAR-Research XRM.
Tags: AutoLoop, CRM, Sales Tactics, Showroom Watchdog
Flick Fusion launched Autoflicks, a subscription-based service that provides dealerships with a virtual test drive experience for every vehicle in their inventory.
Tags: Flick Fusion, Video Advertising, Virtual Showroom
Dealertrack’s CRM has been certified as part of the Reynolds Certified Interface Program, which provides a standardized approach to handling dealership data.
Tags: certification, CRM, Dealertrack, DMS, Reynolds & Reynolds
Exeter announced this week the pricing of a $500 million securitization backed by auto loan receivables.
Tags: Exeter Finance Corp., securitizations
Ford and Carfax announced this week that they are expanding their relationship. Now, all Ford and Lincoln CPO vehicles will be listed on Carfax Used Car Listing.
Tags: Carfax, Carfax Vehicle History Report, certified pre-owned vehicles, Ford, Lincoln
October 13, 2014 - Industry News
New-vehicle retail sales through September were at their highest level since 2005, but the rise in new-vehicle transaction prices is what has really contributed to the industry's health this year, say J.D. Power analysts.
Tags: J.D. Power and Associates, new-vehicle sales, Power Information Network, transaction prices
Auto/Mate's dealership management system is now fully integrated with Nissan's dealer communication system, officials announced this week.
Tags: Auto/Mate, dealership management system, DMS integration, Nissan, Web Tools
October 9, 2014 - Industry News
Federal-Mogul Motorparts and Cox Automotive have purchased a minority stake in the free online automotive repair website, which previously operated as a wholly-owned subsidiary of U.S. Auto Parts Network Inc.
Tags: AutoMD, Cox Automotive, Federal-Mogul Motorsports
October 8, 2014 - Industry News
The former O’Brien Auto Group employee alleges he was fired after he complained about his general manager’s racist remarks. He also claims he was not paid according to his contract.
Tags: Lawsuit, sales
October 7, 2014 - Industry News
Manheim says the more than 2% decline in wholesale prices 'appears to be part of a healthy overall market.' It allows dealers to turn inventory more quickly, officials say.
Tags: Manheim, used-vehicle values, Wholesale Pricing
Attorney General Lori Swanson is suing EFG Companies for deceptive practices because it failed to deliver on its promise of full refunds for VSCs canceled within 30 days. The company’s CEO tells F&I and Showroom his company will be exonerated once all the facts are presented.
Tags: EFG Companies, extended car warranty, extended warranties, John Pappanastos, Lori Swanson, Minnesota AG, Minnesota Attorney General, Robocalls, telemarketing
The credit reporting agency says there are no signs of a subprime bubble despite totals for new credit and new loans originated reaching all-time highs through June.
Tags: Equifax, Equifax National Consumer Credit Trends Report, subprime
The indictment of the five dealership employees follows federal charges levied against two other Serra Nissan sales managers earlier this year. They are facing federal charges related to a scheme to fraudulently boost loan approvals and car sales.
Tags: bank fraud, F&I manager, fraud, Nissan Motor Acceptance Corp., Santander Consumer USA
Infiniti dealers using Auto/Mate's DMS can now enjoy a seamless communication path with their manufacturer and the flexibility to adopt third-party applications.
Tags: Auto/Mate, DMS integration, Infiniti
October 1, 2014 - Industry News
CDK Global Inc., the new ADP Dealer Services company, began trading as a member of the S&P MidCap 400 Index yesterday.
Tags: ADP, ADP Dealer Services, CDK Global Inc.
The antitrust suit filed by more than 750 dealers against Carfax is now headed into discovery after a federal judge denied Carfax's motion to dismiss the case.
Tags: Bellavia Blatt, Carfax, Leonard Bellavia
ExitGadget uses custom algorithms and device tracking technology to determine when a website visitor is exhibiting signs of abandoning the page. It then delivers a customizable message designed to covert the site visitor into a sales lead.
Tags: Internet Leads, Internet Shopper
September 30, 2014 - Industry News
U.S. News is extending its deal with TrueCar for an additional two years. As part of the new agreement, TrueCar will provide the media outlet's website visitors with access to pre-owned vehicles available through its certified dealer network.
Tags: certified pre-owned vehicles, Partnership, TrueCar
The integration now provides users of both systems with a real-time, bi-directional exchange of information, eliminating redundancies and errors caused by incomplete information transfers.
Tags: Auto/Mate, F&I menu, MaximTrak
September 25, 2014 - Industry News
New projections from TrueCar and J.D. Power show the industry heading to its best September sales month since 2007, with sales expected to be as much as 9.7% better than last year.
Tags: J.D. Power and Associates, new-vehicle sales, SAAR, September, TrueCar
September 24, 2014 - Industry News
Manheim's Mobile Auctions service is expanding into Canada. They feature remote participation through satellite feed and localized marketing for participating dealerships.
Tags: Auto Auctions, Canada, Dealerships, Manheim, used car sales
September 23, 2014 - Industry News
Haystak and vAuto are combining vehicle-specific data with targeted advertisements to tailor search engine ads to car buyers who are searching for used cars online.
Tags: Haystak Digital Marketing, Online Marketing, vAuto
A wholly owned subsidiary of Exeter Finance has completed the renewal and extension of its warehouse funding facility, which was increased to $1.65 billion.
Tags: Exeter Finance Corp.
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