April 22, 2015 - Industry News
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
April 9, 2015 - Industry News
Depreciation patterns are on a different trajectory than 2014, according to Black Book. The firm reported a 0.7% decrease in value for 2009-2013 model-year vehicles.
The technology firm has partnered with Toyota to offer its dealers tools to measure, track and improve their online performance and presence.
Tags: 3 Birds Marketing, digital marketing, Online Marketing, social media marketing, Toyota
April 8, 2015 - Industry News
The NIADA, its newly-formed BHPH Commission and Oregon’s independent dealer association are tackling legislation the industry believes could damage the ability of high-risk consumers to purchase cars in the state.
Tags: BHPH Bills, bhph dealers, BHPH legislation, legislation, National Independent Automobile Dealers Associatio, NIADA
ADESA has made a series of enhancements to its website, designed to make the buying and selling experience easier and more convenient for users.
Tags: ADESA, Auto Auctions, Online Buying, Online Marketplace
April 7, 2015 - Industry News
Ohio Attorney General Mike DeWine has filed a lawsuit against a used-car dealership and its owner. The now-closed business has received approximately 30 consumer complaints, mostly related to vehicle title issues.
Tags: attorney general, compliance, Lawsuit, Mike DeWine, vehicle title
Total new-vehicle sales in March increased 0.6% from a year ago to 1,545,802 units. The seasonally adjusted annual rate increased to 17.15 million units, according to Autodata Corp.
Tags: March, monthly sales, SAAR
Dave Sloan, president of the Chicago Auto Trade Association (CATA), has agreed to serve as luncheon speaker for the Midwest Compliance Summit, to be held this month.
Tags: Chicago, compliance, Compliance Summit, David Gesualdo
Organizers of Compliance Summit have announced that David Robertson, executive director of the Association of Finance & Insurance Professionals, will speak at the Midwest event this month.
Tags: AFIP, compliance, Compliance Summit, David Robertson
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