The Showroom

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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 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 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

Subprime Originations Hit Record Low in Q3

Subprime financing fell to its lowest point since 2012, while prime grabbed the lion’s share of the auto finance space in the third quarter. Even the used-vehicle market has gone prime, with buyers outside of prime accounting for just a third of the market.

Tags: auto finance, Experian Automotive, prime financing, Subprime Financing

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 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

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

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

KBB: Average Transaction Price Reaches Record High in November

New-vehicle transaction prices are being driven higher by the shifting sales mix away from cars. Ford’s strong mix of F-Series Super Duty sales for the month helped drive up the automaker’s average transaction price by nearly 3%.

Tags: Average Transaction Price, Kelley Blue Book, new-vehicle sales

December 4, 2017 - Industry News

International Brands Gain Ground in November

U.S. sales of international vehicles were up in November, outperforming a plateauing market, according to the latest report from the American International Automobile Dealers Association.

December 4, 2017 - Industry News

Auto/Mate Integrates With DealerFenix

Auto/Mate Dealership Systems’ DMS is now integrated with DealerFenix’s reporting and workflow automation system.

November 30, 2017 - Industry News

Volvo Announces Subscription Service for 2019 XC40

Volvo Cars used this week’s AutoMobility LA and the Los Angeles Auto Show to debut its 2019 XC40 and a new subscription service for its new compact SUV.

Tags: AutoMobility LA, Care by Volvo, mobility, Subscription Service, Volvo, XC40

November 30, 2017 - Industry News

Dealership Transaction Values Hit Record Levels

The latest Blue Sky report from Kerrigan Advisors finds the dealership buy/sell market remains highly active as concerns about disruptive technology drive dealers to sell.

November 29, 2017 - Industry News

Land Rover Named Best Luxury Brand by ALG

Land Rover notched category wins for the Discovery, Discovery Sport, Range Rover Sport and Range Rover and ‘Best Premium Brand’ honors in the 2018 ALG Residual Value Awards.

November 29, 2017 - Industry News

Truck Month: Pickups Roll Over SUVs, CUVs

Jumpstart Automotive Media’s most recent Path to Purchase Report shows growing interest in large pickups at the expense of subcompact SUVs and CUVs in October.

November 28, 2017 - Industry News

US News Names Best Brands

Mazda, Honda, Ford and Porsche have been recognized as U.S. News & World Report’s best-rated brands for overall excellence.

November 28, 2017 - Industry News

CarStory Files Two New Patents

Vast’s AI platform, CarStory, announced new patents for its Predictive Conversions Systems and Methods and Market Relative Position Engine solutions.

November 21, 2017 - Industry News

Used Market Strong in October Despite 2.2% Decrease in Wholesale Prices

Thanks to the lingering effects of hurricanes Harvey and Irma, J.D. Power’s seasonally adjusted used-vehicle price index recorded its third straight monthly increase. It rose 1.1 points to 114.5.

November 20, 2017 - Industry News

Fall Ahead: Dealer Sites Enjoy Autumn Upswing

New data from Dealer.com reveals a post-summer surge in dealer website traffic and shows Black Friday purchase intent far outpaced Cyber Monday in 2016.

November 20, 2017 - Industry News

Zanan’s ‘Perfect Dealership’ Hits Amazon

Auto retail expert Max Zanan’s highly anticipated ‘Perfect Dealership: Surviving the Digital Disruption’ is now available for purchase.

November 16, 2017 - Industry News

Facebook Adds New Tools for Auto Dealers

The social network announced the launch of two new ad features intended to help dealers and other automotive companies target users and capture their contact information.

November 16, 2017 - Industry News

Manheim to Combine Marketplace Channels

The Manheim Marketplace is poised to deliver what the provider claims to be the industry’s first omnichannel experience, combining all channels to create a single, integrated destination for buyers and sellers.

November 16, 2017 - Industry News

Dougherty Joins DealersLink as VP of Sales

Fifteen-year industry veteran Josh Dougherty has joined DealersLink as the dealer technology provider’s vice president of sales.

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