November 16, 2017 - Industry News
EFG Companies issued its 2018 predictions and recommendations for the retail automotive and powersports F&I markets this week. These insights reflect another year of cautiousness as well as opportunity for dealers to navigate an uncertain business climate.
Tags: CFPB, compliance, Customer Service, digital retailing, EFG Companies, general agents, new-vehicle sales, parts and service, service drive
November 14, 2017 - Industry News
While the digital application channel generated significantly higher levels of overall satisfaction in J.D. Power’s 2017 U.S. Consumer Financing Satisfaction Study, many consumers are waiting longer for a credit decision than those utilizing dealer representatives.
Tags: auto finance, digital retailing, J.D. Power, online F&I
Launched in 2016, AutoGravity rapidly expanded from 100,000 users in its first six months to more than one million users less than a year later, according to officials. In 2017 alone, car shoppers have request more than $1 billion in vehicle financing through the fintech firm’s car-buying app.
Tags: auto finance, AutoGravity, digital retailing, online F&I
October 31, 2017 - Industry News
The new platform gives users of Pearl’s VehicleXchange incentive-based marketing solution the ability to know which consumers are new or pre-owned buyers, and can target by propensity, APR, payment amount, term and credit score, and more.
Tags: data mining, digital retailing, Experian Automotive, online F&I, Pearl Technology
October 25, 2017 - Industry News
A new survey from Roadster shows that when it comes to millennials, the car business ranks just behind 'politician' and 'tax collector' as occupations they'd like to avoid.
Tags: car dealerships, digital retailing, Millennials, online F&I, Roadster, technology
October 23, 2017 - Industry News
Fair’s latest funding round was led by BMW iVentures and includes investments from Penske Automotive Group and other investors. The startup also raised nearly $1 billion in debt funding from a group of investment banks and a Sherpa Capital-led entity.
Tags: digital retailing, Fair, George Bauer, online F&I, Scott Painter, TrueCar
October 17, 2017 - Industry News
‘Like I See It’ has already achieved best-seller status based on preorder sales. The book devotes chapters to margin compression, increased OEM control and financial reliance of their dealer partners, technology disruption and consumer preferences for digital retailing.
Tags: Customer Experience, Dale Pollak, digital retailing, Inventory Management, online F&I
The fintech firm named Chuck Schofield vice president of dealer sales. The new executive previously served as a regional senior manager for Mercedes–Benz Financial Services. He now joins AutoGravity cofounder Aleks Bogoeski in expanding the firm's dealer network development program.
October 11, 2017 - Industry News
Fastlane offers dealers an Amazon-like checkout process for consumers who want to buy their car online. It has chosen Market Scan to provide its ecommerce platform with real-time payment and rebate information from every car manufacturer, bank and credit union in the country.
Tags: auto finance, digital retailing, F&I products, Fastlane, Market Scan, online F&I
ICC’s Command Center software enables CU Direct to more easily manage the 2.5 million vehicles in dealer partner inventory on the AutoSMART platform and shopping site.
Tags: credit unions, CU Direct, digital marketing, digital retailing, Inventory Command Center, inventory merchandising
September 28, 2017 - Industry News
Founded by Jim Landy and other auto finance veterans, the digital retailing company is looking to revolutionize the automotive fintech space behind a set of self-serve, real-time finance tools. So far in 2017, the firm reports a compound monthly growth rate for completed loans of 20%.
Tags: auto finance, digital retailing, Jim Landy, online F&I, SpringboardAuto
September 27, 2017 - Industry News
More than 750,000 car buyers have downloaded the AutoGravity app, pushing the company past $1 billion in total finance amount requested.
Tags: AutoGravity, digital retailing, online F&I
September 18, 2017 - Industry News
Sponsored by F&I Express, the awards program is designed to honor companies and individuals driving innovation in the digital F&I space.
Tags: AutoGravity, digital retailing, F&I Digital Media Awards, online F&I
September 5, 2017 - Industry News
Fair was founded last year by former TrueCar CEO Scott Painter and auto finance legend Georg Bauer. Today, the company launched its car-buying app, which allows a customer to get a pre-owned car with just a driver’s license and a bank account.
August 29, 2017 - Industry News
DealerSocket CEO Jonathan Ord is stepping into a new role within the company he co-founded in 2001. Replacing him as president and CEO is Sejal Pietrzak
Tags: CRM, DealerSocket, desking, digital retailing, Jonathan Ord, online F&I
August 24, 2017 - Industry News
The new website widget calculates and displays six different payments to vehicle shoppers in under three seconds, according to company officials. It is designed to work within the search results page and vehicle details page levels of a dealer's website.
Tags: digital retailing, online F&I, Pearl Technology, ShowroomXpress
August 22, 2017 - Industry News
Roadster is on the move. The startup has secured $7.25 million in additional funding and added the largest Toyota dealership in the world to its digital retailing platform.
Tags: digital retailing, online F&I, Roadster, showroom, technology
Online shoppers who land on a dealer's website equipped with Fastlane's platform can pick out their vehicle, get a value for their trade-in vehicle, get pre-approved for financing and even educate themselves on F&I products and vehicle insurance.
Tags: digital retailing, Fastlane, online F&I, Startup, technology
August 3, 2017 - Industry News
The digital retailing solution provider will use its new funding to expand its dealership network and develop more features to streamline the car-ownership experience, officials said.
Tags: digital retailing, Drive Motors, Ecommerce, online F&I
August 1, 2017 - Industry News
Powered by The Work Number from Equifax Workforce Solutions, the firm’s new Income PreCheck product is designed to improve the consumer experience by making the transaction process seamless with fewer roadblocks to financing.
Tags: 700Credit, digital retailing, Employment Verification, Income Verification, online F&I, software
July 18, 2017 - Industry News
The Chatbot Consumer Report found that a quarter of the 500 U.S. households polled by 3Cinteractive Corp. use chatbots on a daily basis. But the report also revealed that the technology is still a long way from impacting business.
Tags: Business Development Center, chatbot, digital marketing, digital retailing, internet department, online F&I
July 11, 2017 - Industry News
Cox Automotive’s Jason Barrie, who has helped drive Dealertrack’s evolution from credit application portal to an enabler of sales and F&I workflow since 2005, says technology won’t kill F&I. He will be at Industry Summit 2017 to explain why.
Tags: Cox Automotive, Dealertrack, digital retailing, F&I process, F&I products, online F&I
July 6, 2017 - Industry News
With its announced investment, Volkswagen’s captive finance company joins the automotive fintech firm’s mobile car shopping and financing platform. VW Credit also launched its own AutoGravity-powered smartphone app.
Tags: auto finance, AutoGravity, Captive, digital retailing, online F&I, Volkswagen Credit
June 29, 2017 - Industry News
Attorney and Mosaic Compliance Services cofounder Jim Ganther will deliver a featured presentation on Easy-to-Implement Processes and Controls at Compliance Summit in September.
Tags: CFPB, CMS, complaint management system, compliance, compliance management system, Compliance Summit, digital retailing, Industry Summit, James Ganther, online F&I
June 26, 2017 - Industry News
The new ebook was developed to guide auto dealers through the process of turning managers and employees in various departments into one cohesive, productive and motivated team.
Tags: digital retailing, F&I office, online F&I, Pay Plans, showroom
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