DP's Office

1  -  25  of  1707

December 15, 2017 - Industry News

TrueCar Settles California Dealer Suit

TrueCar has agreed to switch California auto dealers from a pay-per-sale to a flat-fee subscription model and double their indemnity to $50,000 to settle a lawsuit brought by the California New Car Dealers Association.

Tags: California New Car Dealers Association, compliance, digital retailing, third-party sites, TrueCar

December 14, 2017 - Industry News

RouteOne Processes Industry's First Remotely Executed Finance Contract

RouteOne moved the industry closer to the fully online transaction by executing the first remotely captured, electronic customer signature on an indirect finance contract. The executed contract was booked with Toyota Financial Services.

Tags: auto finance, digital retailing, econtracting, online F&I, RouteOne

December 14, 2017 - Industry News

Scott Painter’s Fair Now Offers Insurance Coverage

Through a partnership with risk-management services provider Assurant, Fair's digital flexible ownership platform now allows consumers to add insurance coverage when they sign for a pre-owned vehicle through its mobile app.

Tags: digital retailing, Fair, Scott Painter, Subscription Service

December 14, 2017 - Industry News

Fed Reserve Raises Interest Rates

One industry analyst said the quarter-point hike will result in new-vehicle sales dropping below 17 million units in 2018, noting that the Fed Reserve’s previous three increases are responsible for fewer new leases and this year’s shift from new to used.

Tags: auto finance, auto loan, F&I office, Federal Reserve, interest rates

December 13, 2017 - Industry News

TransUnion: Subprime Pullback to Continue in 2018

Replacement demand from hurricanes Harvey and Irma should provide a temporary boost in new-vehicle demand to open 2018, but TransUnion officials said consumers will shift toward the used-vehicle market as finance sources continue to tighten credit underwriting standards.

Tags: auto finance, average finance amount, deliquencies, Subprime Financing, TransUnion

December 13, 2017 - Industry News

Spireon Launches GoldStar Enterprise

Spireon has added new monitoring and workflow features to its GoldStar GPS solution for large, multi-rooftop dealers and auto finance sources.

December 13, 2017 - Industry News

ActivEngage Completes 700Credit Integration

ActivEngage announced the addition of a 700Credit-powered financial qualification feature to its dealer-focused omnichannel communications solution.

December 12, 2017 - Industry News

Cox Automotive Files Antitrust Lawsuit Against CDK Global

Add Cox Automotive to the growing list of tech vendors and dealers alleging that CDK and Reynolds and Reynolds Co. conspired to eliminate competition for data integration services and seize control over dealer and third-party data.

Tags: CDK Global, Cox Automotive, data, DMS, DMS integration, Reynolds & Reynolds

December 12, 2017 - Industry News

Black Book: Vehicle Values Down in November

After a steady October, used-vehicle values fell slightly in November. Black Book officials said the decline was typical of the holiday season.

December 12, 2017 - Industry News

NAE/NWAN Earns Pillar Award for Community Service

National Automotive Experts was honored with a Medical Mutual Pillar Award for Community Service, presented by Smart Business.

December 12, 2017 - Industry News

Ally Financial Names Successor to Retiring CFO Chris Halmy

With current CFO Chris Halmy set to retire on March 1, 2018, Ally Financial today announced that Jenn LaClair is joining the company as CFO designate, with the intent that she will be appointed to succeed Ally's retiring CFO.

Tags: Ally Financial, auto finance, hires

December 12, 2017 - Industry News

Toyota Financial Announces Executive Leadership Appointments

The captive named Scott Cooks group vice president and chief risk officer and Cindy Wang group vice president of treasury.

Tags: auto finance, captive, hires, Promotions, Toyota Financial Services

December 11, 2017 - Industry News

Cox Automotive: Dealers Optimistic About Q1 2018

The fourth-quarter reading of the Cox Automotive Dealer Sentiment Index shows dealers are optimistic about the next three months. Concerns about price pressure and showroom traffic persist.

Tags: Cox Automotive, Franchised Dealerships, Independent Dealerships, new-vehicle sales

December 8, 2017 - Industry News

Affinitiv Launches Analytics-Powered Marketing Platform

Connectiv1 is a new end-to-end marketing platform that includes a predictive analytics engine designed to allow dealers to leverage their data and conduct multichannel campaigns that increase customer retention.

December 7, 2017 - Industry News

Three FinCos Stung for $300K by NYDCA

Credit Acceptance, Clover Commercial and Westlake Financial have agreed to pay more than $300,000 to settle charges of predatory lending leveled by New York’s Department of Consumer Affairs on behalf of 50 Brooklyn car buyers.

December 6, 2017 - Industry News

GOA Says Congress Can Review CFPB’s Guidance on Dealer Participation

The Government Accountability Office said on Tuesday that the bureau’s March 2013 bulletin on dealer participation falls under the Congressional Review Act, a decision that clears the way for the Republican-controlled Congress to repeal the bureau’s controversial guidance.

Tags: auto finance, CFPB, compliance, dealer markups, dealer participation

December 5, 2017 - Industry News

EFG Companies Launches Mobile App

Born out of the F&I product provider’s 2015 and 2016 F&I Innovator of the Year competitions at Northwood University, EFG Companies’ Driver’s Advocate mobile app features a host of service-retention tools, including a loyalty rewards tracker, and doubles as an inventory-management tool.

Tags: Customer Loyalty, EFG Companies, F&I products, Mobile Applications, Service

December 5, 2017 - Industry News

Used Vehicle Index Rises for Third Straight Month

Black Book’s monthly analysis shows used-vehicle values are closing out the final quarter of 2017 with continued strength.

December 5, 2017 - Industry News

Alpha Warranty Rolls Out Online Claims Submission Tool

The new online tool allows service departments to enter multiple claims and multiple jobs at once without having to call in the claim. Company officials said claims can be submitted through the portal in about two to three minutes.

Tags: Alpha Warranty Services, claims, F&I products

December 5, 2017 - Industry News

AutoGravity Names Wang as CTO

AutoGravity’s Sheng Wang has been appointed to chief technology officer after serving as the fintech provider’s first product director.

December 5, 2017 - Industry News

CNA National Welcomes New VP of Reinsurance

The F&I product provider named Rob Hehr to the newly created position of vice president of reinsurance. For the past seven years, the more than 25-year industry veteran served in an executive role with Gulf States Financial Services/GSFSGroup.

Tags: CNA National, F&I products, reinsurance

December 5, 2017 - Industry News

Huntington Bank Promotes Rich Porrello to President

Rich Porrello has served as managing director of the bank’s auto finance organization since 2010, overseeing 180 associates serving nearly 4,500 dealerships across 23 states in the Midwest and New England. He retains those duties while assuming oversight of the business unit’s business strategy.

Tags: auto finance, Huntington Bank

December 5, 2017 - Industry News

Fastlane Plans 2018 Launch for Ecommerce Solution

Fastlane has announced plans to offer its online car-buying platform to independent and pre-owned dealers starting in January.

December 4, 2017 - Industry News

RouteOne Adds Exeter to Econtracting Platform

RouteOne officials said the availability of finance sources like Exeter has led to notable growth in the tech firm’s noncaptive econtracting share, which has more than doubled every year since 2014.

Tags: auto finance, econtracting, RouteOne, software, technology

December 4, 2017 - Industry News

Alpha Warranty Named ‘2017 Top Workplace in Utah’ by Salt Lake Tribune

The honor adds to a host of other recognitions the company earned in 2017, including being named to the Utah Fast 50 and Utah 100 lists, having executives honored with the CXO of the Year award and winning the When Work Works workplace flexibility award.

Tags: Alpha Warranty Services, F&I product provider, top workplace

« Previous12345678910...6869Next »