April 28, 2015 - Industry News
Decreases in gas prices and finance charges related to auto loans fueled the decline, but rises in maintenance and tire replacement costs make F&I protections an important consideration for vehicle owners.
Tags: AAA, Cost to Own, F&I manager, F&I products, Road Hazard Protection, Tire and Wheel, Vehicle Service Contract
Credit unions are competing aggressively in the automotive marketplace, financing one in four auto loans so far in 2015, CU Direct reports.
Tags: credit unions, CU Direct Corporation, CUDL, delinquencies, loan originations
Auto/Mate Dealership Systems not only made the publication's Top Workplace list for the fourth consecutive year in a row, it landed in the top spot for the first time.
Tags: Albany Times Union, Auto/Mate, Awards, top workplace
As of April 17, First Acura has become the exclusive Motor Trend-certified dealer in Seekonk, Mass.
Tags: certified pre-owned vehicles, Motor Trend
April 27, 2015 - Industry News
Ally Financial and Mitsubishi Motors North America have announced that Ally will become the preferred financing source for Mitsubishi Motors in the United States, replacing the brand's captive finance company.
Tags: Ally Financial, captive finance, Mitsubishi
Bellavia Blatt & Crossett has added Thomas Williams, Esq., to its litigation team prosecuting TrueCar for false advertising.
Tags: Bellavia Blatt, false advertisements, haggle, Lawsuit, Leonard Bellavia, TrueCar
April 23, 2015 - Industry News
A new study from Cox Automotive company MakeMyDeal found that 63% of consumers would be more likely to buy F&I products if they could learn about them on their own time before entering a dealership.
Tags: Cox Automotive, F&I products, Online Financing, Study
April 22, 2015 - Industry News
After receiving regulatory approval in Alaska, the F&I product provider announced that it's now able to operate in all 50 states.
Tags: F&I manager, F&I managers, F&I menus, F&I products, GWC Warranty Corporation, vehicle service contracts
Latest Experian study shows consumers buying an alternative-powered vehicle are more likely to pay cash than those buying a gas-powered vehicle
Tags: Earth Day, Electric Vehicles, Experian Automotive, Hybrid Vehicle
April 21, 2015 - Industry News
The tablet-driven, fixed-price F&I process at Asbury’s Q Auto stores didn’t perform as well as the traditional F&I process employed at the group's core stores, but officials said they are happy with the new format’s progress.
Tags: Asbury Automotive, F&I Process, First Quarter, mobile menu, Quarterly Earnings, used vehicles
In a new study highlighting the influence of mobile applications on car buyers, IHS Automotive officials said they expect significant growth in vehicle app integration over the next few years.
Tags: app, IHS Automotive, Mobile Applications, smartphones, Study
Security National Automotive Acceptance Company has added three senior-level leaders and five new team members.
Tags: hiring, SNAAC
Hudson Cook LLP has added Trisha Cacciola as a partner in its Long Island, N.Y. office.
Tags: hiring, Hudson Cook LLP, Tom Hudson
Superior Integrated Solutions announced that that it has surpassed seven million DMS transactions with Ford SMARTT dealers.
Tags: CRM, DMS, DMS integration, F&I products
An informal survey conducted by Auto/Mate Dealership Systems found that only 20% of dealership sales and service department utilize tablets. In F&I, only 7% of F&I departments polled employ a tablet-driven process.
Tags: Auto/Mate, F&I Process, mobile solution
April 20, 2015 - Industry News
Vboost Inc. announced that it has sent 250,000 photo communications on behalf of its dealer clients.
Tags: milestone, Online Marketing, social media, social media marketing
April 15, 2015 - Industry News
VinSolutions has added a new feature to its VinConnect CRM solution called Target. It enables dealers to mine their customer databases to find more existing sales opportunities.
Tags: Equity, marketing, Sean Stapleton, VinSolutions
SureCritic's website achieved the milestone in just four years. The firm collects information from a business' point-of-sale system and emails customers requesting a review within 24 hours of their visit.
Tags: Customer Reviews, milestone, Online Marketing, SureCritic
April 14, 2015 - Industry News
SHIFTMobility has become part of myCarfax, integrating Carfax vehicle information into its ShopLite mobile solution.
Tags: Carfax, management, Vehicle Maintenance, VIN
On the same day The Wall Street Journal published an op-ed piece critical of the CFPB’s targeting of the indirect auto finance channel, a bipartisan bill was introduced that aims to repeal the bureau’s guidance on dealer participation.
Tags: Ally Financial, CFPB, Congress, Consumer Financial Protection Bureau, Department of Justice, Indirect Lending, legislation, Richard Cordray
A bill aimed at restricting the practices of buy-here, pay-here dealers in Oregon is off the legislative agenda following an effort by the NIADA to educate lawmakers about the legislation’s potential harmful effects on consumers.
Tags: bhph, bhph dealers, BHPH legislation, buy-here, National Independent Automobile Dealers Associatio, NIADA, pay-here
Organizers of Compliance Summit have announced that the event will conclude with “Is It Compliant?”, an open-forum discussion of the topics raised in the course of the conference.
Tags: Compliance Summit, David Gesualdo, David Robertson, James Ganther, Michael Tuno, Terry O'Loughlin
TrueCar added 840 franchise and independent dealers in the first quarter of 2015, the biggest ever volume gain in company history, company officials said.
Tags: Internet Leads, lead generation, Scott Painter, TrueCar, TrueCar Dealer Council, TrueCar.com
April 13, 2015 - Industry News
DealerRater announced that Lexus and Subaru have received the highest ratings in customer satisfaction among all vehicle OEMs as part of its 2015 Consumer Rating Index.
Tags: Customer Reviews, Dealerrater, Lexus, online ratings, Subaru
The e-book details how dealers are using the firm's incentive marketing tools and direct attribution models to increase leads, sales and marketing investment ROI.
Tags: HookLogic, Online Marketing, software
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