DP's Office

1  -  25  of  2007

July 19, 2018 - Industry News

J.D. Power: Wholesale Prices Decline in June

June wholesale prices for used vehicles up to eight years in age fell by an average of 0.9% compared to May. Losses at the segment level were less than historic norms across the board on both the mainstream and premium sides of the market, the firm said.

Tags: Auto Auctions, J.D. Power Valuation Services, Wholesale Pricing

July 18, 2018 - Industry News

Manheim Sees Record-Level Digital Adoption in First Half

The company reported that 45% of vehicles sold in the first half were to digital buyers on Manheim.com. The firm also detailed enhancements it’s planning to make to the Manheim Marketplace over the next few months.

Tags: Auto Auctions, digital, Manheim, Manheim Marketplace, RMS Automotive

July 18, 2018 - Industry News

Penske to Install Reynolds docuPAD in All Stores

Penske said today it intends to integrate electronic document management to improve workflow and efficiency and install the Reynolds docuPAD system in F&I departments across more than 120 Penske dealerships.

Tags: docuPAD, eWorkflow, F&I process, Penske Automotive Group, Reynolds & Reynolds

July 18, 2018 - Industry News

Wheel's Auto, Monroneylabels.com Team Up on New Monroney Label Holders

Wheel’s Automotive Dealer Supplies Inc. and Monroneylabels.com have teamed up to jazz up the Monroney Label and add a little merchandising punch to the mandated sheet of paper.

July 17, 2018 - Industry News

AutoGravity Names New CEO, CTO

Alex Mallman, AutoGravity CEO

Alex Mallman, who most recently served as president and CEO of Mercedes-Benz Auto Finance China, replaces AutoGravity’s co-founder and CEO Andy Hinrichs, who left in May, according to the Orange County Business Journal.

Tags: AutoGravity, Daimler Financial Services, digital retailing, online F&I

July 17, 2018 - Industry News

GoMoto Announces Integration With Autosoft

The software firm's Virtual Service Advisor is now integrated with Autosoft's DMS. GoMoto users can now open repair orders, update customer appointments and information, and offer trade appraisals and upsell every customer.

Tags: Autosoft, DMS, GoMoto, service lane, software, technology

July 16, 2018 - Industry News

Ally, NAMAD Honor Rising Auto Retail Leader With Inaugural 'Ally Sees Her' Award

Ally Financial and the National Association of Minority Automobile Dealers (NAMAD) has honored Karmala Sutton, dealer in training at Honda of Kenosha in Bristol, Wisc., with the first-ever Ally Sees Her Award.

Ally and the National Association of Minority Automobile Dealers honored Karmala Sutton, a dealer in training at Honda of Kenosha in Bristol, Wis.

July 16, 2018 - Industry News

Black Book Becomes Valuation Partner for MYEV.com

With today’s announcement, Black Book valuation data will be integrated with all EVs listed in the MYEV.com system, which will help buyers and sellers ensure they’re reviewing the most accurate and up-to-date valuations within the market.

Tags: digital marketing, digital retailing, lead generation, MYEV.com, Third-party leads

July 16, 2018 - Industry News

Monte Perkins Earns Cox/NAMAD Rising Star Award

William Montez Perkins II is the recipient of the 2018 Rising Star Award, presented by Cox Automotive and the National Association of Minority Automotive Dealers.

July 16, 2018 - Industry News

CDK Global to Acquire ELEAD1ONE

The deal was first reported on Sunday by The Banks Report, which described the pending acquisition as checking off 'several boxes for CDK while filling a big product hole — a viable integrated CRM platform with significant market share.'

Tags: CDK Global, CRM, digital marketing, digital retailing, DMS, ELEAD1ONE, online F&I

July 12, 2018 - Industry News

FTC, 12 Partner Agencies Conduct Used Car Rule Compliance Sweep

The compliance sweep, which took place in seven states, is the first since the agency's new Used Car Rule took effect earlier this year. Dealers who failed to comply could face penalties of up to $41,484 per violation.

Tags: compliance, Federal Trade Commission, Used Car Guide, used cars

July 12, 2018 - Industry News

Dent Wizard Names New CFO

The F&I product provider has hired Jim Powers as it’s new CFO. The experienced leader most recently served as president and CEO for St. Louis-based UniGroup Inc. and its subsidiaries.

Tags: Dent Wizard, F&I product provider, F&I products, paintless dent removal

July 12, 2018 - Industry News

Virginia Dealer Rolls Out Roadster's Online Car-Buying Platform

McGeorge Toyota is the latest dealership operation to add Roadster’s Express Storefront digital retailing platform. The dealership refers to its new website feature as ‘McGeorge @Home.’

Tags: digital retailing, Express Storefront, McGeorge Toyota, online F&I, Roadster

July 11, 2018 - Industry News

AUL Earns Fifth Consecutive Dealer’s Choice Award

AUL Corp. won the Platinum award in the Service Contract category in the 2018 Dealers’ Choice Awards.

July 11, 2018 - Industry News

Industry Summit’s Technology Shootout Takes Shape

Organizers have released new details about the inaugural Technology Shootout, a new, interactive feature planned for Industry Summit 2018.

July 11, 2018 - Industry News

DCA Winners to Be Honored at Industry Summit

Winners of the 2018 Dealers’ Choice Awards will be recognized in a special ceremony at Industry Summit in Orlando this October.

July 10, 2018 - Industry News

F&I Dealer of the Year Nominations Now Being Accepted

F&I and Showroom, Auto Dealer Today's sister publication, is now accepting nominations for its 17th F&I Dealer of the Year contest, sponsored for the second straight year by American Financial & Automotive Services. Nominations must be received by Aug. 15, 2018.

Tags: contests, DOY Pacesetters, DOY Winners, F&I Dealer of the Year, F&I director, F&I profit

July 10, 2018 - Industry News

Mitsubishi Rolls Out New Global Dealership Design

The rollout marks the first dealer facilities update initiative for the automaker in 16 years. Texas’ Lewisville Mitsubishi will be the first dealership to incorporate the new look, with 25 additional dealerships expected to replicate the new design by the spring of 2019.

Tags: facility upgrades, Mitsubishi

July 10, 2018 - Industry News

Hartford BMW Store Unveils ‘Ultimate Showroom’

A $6.5 million renovation and expansion added 39,000 square feet to Hartford, Conn.’s New Country BMW retail footprint.

July 10, 2018 - Industry News

FCA Launches Dealer Market Investment Program

Financed in part through relationships with Chrysler Capital and Ally Financial, Fiat Chrysler’s new program aims to identify and develop high-potential candidates to join its U.S. dealer network.

July 9, 2018 - Industry News

CFPB Official Who Sued Trump Resigns, Drops Suit

The CFPB official who went to court last year after Trump appointed Mick Mulvaney as acting director announced on Friday she is leaving the embattled regulator. In a tweet, her attorney said the CFPB official is also dropping her legal fight to be the regulator's acting director.

Tags: auto finance, CFPB, compliance, Consumer Financial Protection Bureau, Donald Trump, Leandra English, Mick Mulvaney, Richard Cordray

July 9, 2018 - Industry News

LotMonkey Expands Into Four New Markets

The company’s web-based merchandising platform is now available in Philadelphia, Louisville, Ky., Long Island, N.Y., and northern New Jersey. It allows dealers to instantly create and customize an infinite array of point-of-sale visuals.

Tags: branding, LotMonkey, marketing, point of sale, showroom

July 9, 2018 - Industry News

NY AG: Brooklyn Dealership Targeted Non-English Speakers

Bay Ridge Honda has agreed to pay $423,000 in restitution and penalties to settle charges of deceptive acts and practices that followed dozens of complaints from aggrieved customers, many of whom are non-English speakers.

Tags: compliance, Deceptive Practices, fraud, payment packing, UDAP, Unfair Practices

July 5, 2018 - Industry News

Edmunds: Stage Set for Market Contraction

June’s annual percentage rate of 5.82% marked a 17% increase since January 2018. Add rising rates to a virtually saturated U.S. market, record-high vehicle prices, and historically high numbers of people who owe more than their cars are worth, and the stage is set for a market contraction, the firm said.

Tags: Edmunds, Federal Reserve, interest rates, Negative Equity, new-vehicle sales, SAAR, used-vehicle sales

July 3, 2018 - Industry News

Black Book: Wholesale Values Remain Stable at Start of Summer

Wholesale values continued to see little change last week, although demand for sporty cars appears to be dwindling as the average value of that segment has begun to drop.

Tags: Black Book, used-vehicle values, vehicle depreciation, wholesale values

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