September 18, 2018 - Industry News
The company continues to hire support staff to meet the needs of dealers and has invested millions in technology improvements, officials announced this week.
Tags: CRM, DealerFire, DealerSocket, desking, Equity Mining, Precise Price
September 13, 2018 - Industry News
In-car multimedia technology still vexes vehicle owners, but some automakers are showing strong improvement, according to a new study from J.D. Power.
September 12, 2018 - Industry News
Safe-Guard Products’ David Pryor will present ‘Digital Retail: Are We There Yet?’ to a combined crowd of Industry Summit and P&A Leadership Summit attendees in Orlando next month.
CDK Global announced on Tuesday that AutoFi has agreed to consume digital retailing APIs from the Fortellis Automotive Consumer Exchange Platform. Equifax, one of the platform’s inaugural publishers, also said on Tuesday it will publish new APIs for the platform.
Tags: auto finance, AutoFi, CDK Global, digita, digital retailing, Equifax, Fintech, Fortellis, online F&I
September 10, 2018 - Industry News
DealerSocket announced the appointment of Gary Ito, who has worked at several global software and technology organizations over his 30-year finance and accounting career, as CFO.
Tags: DealerFire, DealerSocket, digital retailing, online F&I, Price Promise, software
A recent Cox Automotive poll finds a majority of franchised U.S. auto dealers believe new tariffs on imported vehicles would negatively affect their businesses and lead to higher prices for all new vehicles.
August 28, 2018 - Industry News
Through July, J.D. Power’s Adjusted Used Vehicle Price Index stood at 119.3, which is 4.7 percentage points higher than the year-ago period. The firm said used-vehicle prices began showing strength in the middle half of 2017, a trend that continued deep into this year’s summer selling season.
Tags: Asbury, Group 1, J.D. Power Valuation Services, Lithia, Penske, Sonic, Used Vehicle Price, Used Vehicle Price Index
Despite the decline, the trade group expects the California market will end the year with around 2 million new-vehicle registrations. That would be a slight decline from the 2.05 million registrations the market recorded in 2017, providing further proof the market has plateaued after several years of big increases.
Tags: California New Car Dealers Association, light passenger cars, light trucks, new-vehicle sales
August 27, 2018 - Industry News
An extremely rare Ferrari became the most valuable car ever sold at auction, going for $48.4 million at RM Sotheby’s Monterey.
August 23, 2018 - Industry News
Carsharing, ride-hailing, and other mobility services are becoming more popular as alternatives to vehicle ownership, according a new Cox Automotive study.
August 22, 2018 - Industry News
The overall used-vehicle market continues to do very well, bucking the seasonal trends seen in previous years, Black Book reported this week.
Tags: Black Book, cars, trucks, used-vehicle values
August 20, 2018 - Industry News
Honda, Hyundai, and Kia topped U.S. News & World Report's annual ‘Best New Cars for Teens’ list, while Buick, Toyota, and GM led the way in the pre-owned category.
Tags: Buick, Honda, Hyundai, Kia, Toyota, US News & World Report
August 17, 2018 - Industry News
Client Command is ranked among Inc.’s list of fastest-growing companies for the seventh time.
August 13, 2018 - Industry News
Depreciation through the first half of 2018 stood at 13.7%, much lower than the 16.3% rate recorded in the year-ago period. Analysts say upstream remarketing has kept values strong despite the tidal wave of off-lease vehicles that returned to market during the period.
Tags: Black Book, Kar Auction Services, Tom Kontos, used-vehicle values
June’s ‘abnormal bounce” in used-vehicle values continued in July, resulting in the Manheim Used Vehicle Value Index rising to 136.9.
August 9, 2018 - Industry News
Dealertrack has released Accelerated Title, a new solution designed to capitalize on a widely recognized auto retail trend.
August 2, 2018 - Industry News
According to the research firm’s analysis, more than 35% of U.S. households with a sedan in the garage that returned to market for a new vehicle between April 2017 and March 2018 acquired an SUV. That's up from just 24% five years ago.
Tags: advertising, defection rates, IHS Markit, Loyalty Rates, marketing, sedan, SUV
July 31, 2018 - Industry News
WalletHub’s latest dangerous driving report ranks Virginia as the strictest enforcer of speed limits and Delaware as toughest on reckless drivers.
The introduction of the compact Mercedes-Benz A-Class to the North American market in 2019-MY will represent a new entry point below the CLA-Class.
July 27, 2018 - Industry News
U.S. car buyers can configure and reserve their version of Audi’s first all-electric vehicle for the first time on Sept. 17, the same day the still-veiled 2019 e-tron SUV will make its global debut at a San Francisco event.
July 25, 2018 - Industry News
Sergio Marchionne, former CEO of Fiat Chrysler Automobiles and Ferrari N.V., has died following complications from surgery.
Dealers and sales and F&I professionals are invited to register for Industry Summit 2018, a unique training, compliance certification, and networking opportunity set for October in Orlando, Fla.
Manheim Express promises dealers a fast and easy way to list and sell inventory in the Manheim Marketplace.
July 24, 2018 - Industry News
A state-by-state survey of Swapalease users yielded a list of five trucks and SUVs consumers say are suited to camping in style.
July 23, 2018 - Industry News
Industry Summit’s annual ‘From the Boardroom’ session will feature executives from F&I product providers and software firms, who will tackle the big questions facing F&I offices as the industry continues to push for a more digitized car-buying experience.
Tags: compliance, digital retailing, F&I process, F&I products, Industry Summit, online F&I, Showroom
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