The Showroom

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September 18, 2018 - Industry News

DealerSocket Announces Significant Investment in Customer Service, Support

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

J.D. Power: In-Vehicle Tech Shows Improved Adoption, Reliability

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

Are We There Yet? Pryor to Go Digital at Industry Summit, PALS

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.

September 12, 2018 - Industry News

CDK Global Adds AutoFi, New Integrations to Fortellis Commerce Exchange

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 Announces New CFO

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

September 10, 2018 - Industry News

Dealer Poll: Tariffs Are Bad for Business

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

J.D. Power: Dealers, Affordability Behind Overall Strength of Used Market

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

August 28, 2018 - Industry News

CNCDA: Calif. New-Vehicle Registrations Fall for the Fifth Straight Quarter

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

Ferrari 250 GTO Breaks Auction Record

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

Cox: Mobility’s Popularity Is Growing

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

Demand for Pickups and Small Cars Fuel Weekly Values

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

Report: Best Cars for Teen Drivers

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 Named to Inc. 5000 List

Client Command is ranked among Inc.’s list of fastest-growing companies for the seventh time.

August 13, 2018 - Industry News

Upstream Remarketing Keeping Used-Vehicle Values Strong

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

August 13, 2018 - Industry News

Manheim Used Vehicle Value Index Up 5.1% in July

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: Vehicle Title Doubles Chances of Sale

Dealertrack has released Accelerated Title, a new solution designed to capitalize on a widely recognized auto retail trend.

August 2, 2018 - Industry News

IHS Markit: SUV Shift Not Prominent Among All Groups

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

Strictly Enforced: Virginia Leads Nation in Speeding Tickets

WalletHub’s latest dangerous driving report ranks Virginia as the strictest enforcer of speed limits and Delaware as toughest on reckless drivers.

July 31, 2018 - Industry News

MBUSA to Lower Entry Point With A-Class

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

Audi to Open e-tron Sales Sept. 17

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

Former FCA Chief Sergio Marchionne Dead at 66

Sergio Marchionne, former CEO of Fiat Chrysler Automobiles and Ferrari N.V., has died following complications from surgery.

July 25, 2018 - Industry News

Registration Opens for Industry Summit 2018

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.

July 25, 2018 - Industry News

Manheim Releases Mobile App for Dealers

Manheim Express promises dealers a fast and easy way to list and sell inventory in the Manheim Marketplace.

July 24, 2018 - Industry News

Swapalease Users Name Best 'Glamping' Vehicles

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 Panel to Examine Industry’s Digital Transformation

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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