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September 6, 2016 - Industry News

Experian: Q2 Auto Finance Data Doesn’t Support Subprime Bubble Talk

Finance sources made more than five times as many loans to superprime customers than deep-subprime customers during the second quarter. Delinquencies were up only slightly, but balanced loan portfolios and stable automotive lending continued to quash subprime bubble fears, Experian reports.

September 6, 2016 - Industry News

Shane O'Dell Returns to NextGear

Cox Automotive has named Shane O’ Dell president of financial solutions. The former Manheim exec will oversee NextGear Capital, where he served as COO before joining Manheim as senior vice president of vehicle solutions.

Tags: Cox Automotive, NextGear Capital, Promotion

September 6, 2016 - Industry News

Alpha Warranty Release Limited Lifetime Warranty and New Wrap Protection

Alpha Warranty announced the release of its DriveEasy Limited Lifetime Powertrain Warranty and its DriveEasy Wrap Protection vehicle service contract. The later provides up to five years and 100,000 miles of additional coverage, and is designed to complement the limited lifetime powertrain warranty,

Tags: Alpha Warranty Corp., Vehicle Service Contract, Warranty

September 6, 2016 - Industry News

RouteOne Names Key Directors to Executive Roles

RouteOne announced that Scott Johnsen, Amanda George and Jeff Belanger are transitioning from their directors roles to new executive positions.

Tags: F&I, RouteOne, Vice President

September 1, 2016 - Industry News

Frazer and F&I Express Announce Partnership

More than 16,000 independent dealerships will gain the ability to digitally rate, econtract, capture electronic signatures and submit contracts for more than 130 F&I aftermarket product provider as part of a recently announced partnership between Frazer and F&I Express.

Tags: Dealer Software, F&I Express, Frazer Software, Partnership

September 1, 2016 - Industry News

Dealertrack to Offer F&I Express' Express Recoveries Solution

Dealertrack announced this week that it will be marketing and selling F&I Express’ Express Recoveries Solution through its platform beginning later this year on Oct. 1. The offering will provide lenders and consumers a refund of the unused portion of their aftermarket contracts, according to the company.

Tags: Aftermarket Products, Dealer Software, Dealertrack, F&I Express

September 1, 2016 - Industry News

Walser Automotive Group Acquires Wichita Luxury Collection

WLC will add 10 luxury brands, including Acura, Audi, BMW, Jaguar, Land Rover, Lexus, Mercedes-Benz, MINI, Porsche and AMG, to Walser's existing 15 franchises, according to the company.

Tags: Acquisition, Dealer Group, Dealership, Luxury Vehicles

September 1, 2016 - Industry News

Mazda Launches New Website to Address Recall Completions

On Tuesday, Mazda North American Operations launched the Mazda Recall Information Center as part of an effort increase recall completions. The new website is only part of the company's initiative to ensure recalls are completed quickly and efficiently.

Tags: Customer Satisfaction, Mazda, Recalls

September 1, 2016 - Industry News

Volkswagen to Offer New Models at Lower Prices, Residuals May Suffer

Volkswagen will begin offering its new models for lower prices and provide dealers with a broader product range in a move that could lower residual values if incentives remain high, according to an industry expert.

Tags: Incentives, New Vehicle Prices, Volkswagen

August 26, 2016 - Industry News

Jury Clears GM in Texas Ignition Switch Trial

In a verdict that took less than an hour to decide, a Houston Jury found that a General Motors ignition switch in a 2007 Saturn Sky did not cause a 2011 crash that killed one person and injured another, according to USA Today.

Tags: Court Decision, General Motors, Ignition Switch

August 26, 2016 - Industry News

Spireon Offers Dealers New F&I Profit Channel

Spireon Inc. announced that its GPS-based vehicle telematics solution Spireon SkyLink will now give dealers the ability to offer connected car services to their customers, opening the door to a new F&I profit center.

Tags: Connected Vehicle, F&I, Spireon

August 25, 2016 - Industry News

Florida Toyota Dealer Now Offers Door-to-Door Test Drives

Sun Toyota introduced today a new door-to-door vehicle delivery service that brings the dealership's showroom directly to a customer's home or office.

Tags: Dealership, Online Shopping, Test Drive

August 25, 2016 - Industry News

GWC Warranty Names New Marketing Manager

Melissa Roberts has joined GWC Warranty as its new marketing manager. She will be responsible for developing and implementing a customer strategy focused on engaging and retaining GWC partners.

Tags: GWC Warranty Corporation, Hire, Marketing

August 25, 2016 - Industry News

Growing Student Debt Expected to Hurt Retailers, Moody's Warns

The largest share of outstanding student loans is held by graduates age 30 to 39, according to the firm. Many of these graduates belong to the millennial generation, which, according to Pew Research, have overtaken Baby Boomers as the nation’s largest living generation.

Tags: Moody's, Report, Retail Sales, Student Loan

August 25, 2016 - Industry News

Black Book: Wholesale Car Values Falling at Fastest Pace This Year

The wholesale value of 2008-2014 model-year cars continued to fall last week, according to Black Book’s Market Insights report. While many of the familiar trends — trucks performing better than cars — were present, there were some outliers.

Tags: Black Book, Depreciation, Wholesale, wholesale values

August 25, 2016 - Industry News

AIAG Adds New Member to Board of Directors

The Automotive Industry Action Group (AIAG) has appointed Cesar D. Pucci, director of corporate quality at Eaton Corporation, to its board of directors. He joins the more than 20 executives from the OEM and supplier community who currently serve on the AIAG board.

Tags: AIAG, Automotive Industry Action Group, Board of Directors

August 25, 2016 - Industry News

Amazon Enters the Vehicle-Shopping Business

Photo: Business Wire

The ecommerce site stopped short of saying it's looking to compete against lead sites like Cars.com, TrueCar, and Edmunds.com, describing its new web page as a car research destination and automotive community designed to help 'customers get the information they need when shopping for vehicles, images, videos, customer reviews.'

Tags: Auto Research, Car Shopping, Online Shopping, Web Tools

August 24, 2016 - Industry News

Driver Satisfaction Improves for 16 Automotive Brands, ACSI Reports

Among the 24 automotive brands tracked by the American Customer Satisfaction Index, 16 showed improvement and five showed declines. Three of those declines came from premium brands, the most notable being Volkswagen.

Tags: Customer Satisfaction, Domestic Vehicles, Luxury Vehicles

August 23, 2016 - Industry News

Ex-Cox Exec Joins YP.com

The former president of Cox Automotive's Media Solutions Group has found a new home. According to a press announcement, Jared Rowe is set to become CEO of YP.com on Sept. 1.

Tags: Cox Automotive, Digital Marketing, Jared Rowe, YP.com

August 23, 2016 - Industry News

Auto/Mate Announces Integration With Dominion Dealer Solutions

Users of both company's automotive solutions should expect to see enhanced customer insights as a result of the integration, which, according to Auto/Mate, will allow for real-time updates of customer, vehicle, service and deal information in both systems.

Tags: Auto/Mate, CRM, DMS, DMS integration, Dominion Dealer Solutions

August 23, 2016 - Industry News

AMS to Sponsor Mobile Wallet Giveaway at Industry Summit

Organizers of the upcoming Industry Summit have announced that Automotive Mobile Solutions (AMS) is offering a free year of mobile wallet geofencing services to the winner of a drawing at the event, which will be held Aug. 29–31, 2016, at Paris Las Vegas.

Tags: Automotive Mobile Marketing of the Year award, Digital Marketing, Geofencing, Industry Summit, Parts and Service

August 23, 2016 - Industry News

U.S. Bank Names ADESA Northwest Auction of the Year

For the sixth consecutive year, ADESA Northwest was selected as the U.S. Bank Auction of the Year in the marine/RV segment. .

Tags: ADESA, Auction, Award, U.S. Bank

August 23, 2016 - Industry News

EFG Companies Announces Second Annual F&I Innovator of the Year Competition

EFG Companies and Northwood University have launched their second F&I Innovator of the Year competition. The contest asks six teams of junior and senior Northwood automotive students to conceptualize and build a new F&I product. The winning product will then be developed by EFG Companies, who will donate a percentage of the product's sales profits back to the school.

Tags: EFG Companies, F&I Innovations, F&I products, Northwood University

August 23, 2016 - Industry News

Jumpstart Unveils New Name and Logo

Jumpstart Automotive Group today announced it is changing its name back to Jumpstart Automotive Media. The company also unveiled a new logo company officials said reflects the evolution of the business and the market it serves.

Tags: Hearst Autos, Hearst Magazines, Jumpstart Automotive

August 19, 2016 - Industry News

Texas Dealers Agree to Pay $85,000 for Deceptive Advertising

Three Dallas-area dealerships have agreed to pay $85,000 to settle charges that they violated a 2014 Federal Trade Commission (FTC) administrative order that barred them from deceptively advertising the cost of buying or leasing a car.

Tags: CLA, Deceptive Advertising, FTC, Regulation M, Regulation Z, Settlement, TILA