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April 18, 2017 - Industry News

Dealers Can Now Use Uber as a Shuttle Service

Uber today launched a new business program dealers can use to order rides for service customers. The new offering is the ride-hailing firm’s first one-to-many ride product.

April 17, 2017 - Industry News

Black Book: Used Vehicle Retention Index Falls to 113 Heading Into April

Since registering a score of 125.9 in May 2015, the firm’s Used Vehicle Retention Index has fallen steadily. Last year, it dropped by 6.4%. In March, the index fell from February's 113.9 to 113.

Tags: Black Book, depreciation, Used Vehicle Value Index, used-vehicle values

April 6, 2017 - Industry News

5 Vehicle Segments Retain or Increase Values in March, Black Book Reports

The vehicle valuation firm reported today that the average used vehicle for model years 2011-2015 depreciated slightly 0.6%. Cars overall recorded depreciation of 0.3%, while trucks registered depreciation of 0.8%.

Tags: Black Book, used-vehicle values

March 22, 2017 - Industry News

Black Book: Cars Continue to Outperform Truck Segment

This week’s Black Book Market Insights report shows the car segment retaining its value better than the truck segment as a whole. However, compact vans saw their values strengthen by 1.17%, outperforming all other vehicle segments.

Tags: Black Book, used-vehicle values, vehicle depreciation, Wholesale Values

March 15, 2017 - Industry News

Manheim Locations Receive Top Honors at CAR

Eleven Manheim auctions took home 15 national and regional awards at this month’s Conference of Automotive Remarketing. Big winners were Manheim Seattle, Manheim Dallas and Manheim Statesville.

Tags: Auctions, Conference of Automotive Remarketing, Manheim

January 31, 2017 - Industry News

Black Book: The Analytics Age Is Upon Us

Black Book has released a new white paper about the different types of data analytics and how automotive industry professionals are using them.

January 19, 2017 - Industry News

Compliance Summit Returns to Texas in September

Held alongside Industry Summit for the second consecutive year, Compliance Summit will include one full day of compliance education for dealers, managers, and sales and F&I professionals. An onsite certification courtesy of Automotive Compliance Education (ACE) will be available to all attendees the following day.

Tags: auto finance, Best Training Day Ever, compliance, Compliance Summit, F&I training, Industry Summit

December 21, 2016 - Industry News

Dave Zuchowski Out as Hyundai President, CEO

The automaker’s Chief Legal and Safety Officer, W. Gerald Flannery, takes over as interim president and CEO while the company searches for Zuchowski’s replacement. Flannery has been with the company since 1987.

Tags: employment, Hyundai, Hyundai Genesis

December 14, 2016 - Industry News

Mass Action Lawsuit Against Carfax Dismissed

The $350 million mass action lawsuit against Carfax, which listed nearly 500 dealers and stalled the sale of its parent company R.L. Polk & Co. before its eventual sale to IHS three years ago, has been dismissed.

Tags: Carfax, Lawsuit

November 2, 2016 - Industry News

ADESA Opens New Location In Chicago

ADESA has officially opened its new ADESA Chicago auto auction, a location that cost the company $40 million to develop, according to a company announcement.

Tags: ADESA, Chicago, Kar Auction Services, technology

October 4, 2016 - Industry News

ADESA Announces Management Changes at Three Florida Auctions

Jeff York, the previous general manager of ADESA Sarasota, will now lead ADESA Orlando as general manager. Curt Farris, the previous general manager of ADESA Tampa, will now hold the same title at ADESA Sarasota, and Lisa O’Neil, who was previously the assistant general manager at ADESA Atlanta, will now serve as general manager at ADESA Tampa.

Tags: ADESA, Auto Auctions, General Manager, Promotions

September 7, 2016 - Industry News

KAR Auction Services Names New Senior Vice President

Stacey White, senior vice president of enterprise optimization.

KAR Auction Services Inc. has promoted Stacey White to senior vice president of enterprise optimization. The more than 20-year veteran of the auto remarketing industry will maintain her prior duties while also overseeing the company’s procurement and sourcing strategies.

Tags: Kar Auction Services, Promotion, Vice President

August 23, 2016 - Industry News

U.S. Bank Names ADESA Northwest Auction of the Year

For the sixth consecutive year, ADESA Northwest was selected as the U.S. Bank Auction of the Year in the marine/RV segment. .

Tags: ADESA, Auction, Award, U.S. Bank

August 15, 2016 - Industry News

ADESA Announces Management Changes at Two Auction Locations

Steve Swanson, general manager ADESA Colorado Springs.

ADESA named Steve Swanson general manager of its Colorado Springs location, Cindy Kuhn regional online manager, and Rich Levene general manager of ADESA Austin.

Tags: ADESA, General Manager, hiring

July 28, 2016 - Industry News

ORIAS Offers Prize to Industry Summit Attendees

Organizers of the upcoming Industry Summit have announced that Old Republic Insured Automotive Services (ORIAS) will award two $500 American Express gift cards in a random drawing of attendees who register by this Friday, July 29.

Tags: Compliance Summit, F&I manager, F&I trainer, Industry Summit, ORIAS

July 8, 2016 - Industry News

Compliance Summit Adds Certification Component

Organizers of Compliance Summit have announced that attendees will have the opportunity to earn Certified Automotive Compliance Specialist status at the Las Vegas event, which will be held Aug. 29–30, 2016, at Paris Las Vegas as part of the annual Industry Summit.

June 30, 2016 - Industry News

NHTSA Issues Urgent Warning to 313,000 Honda, Acura Owners

Two Honda models that contain the dangerous Takata air bag inflators. 

New tests on Takata airbag inflators show that certain model-year 2001-2003 Honda and Acura vehicles have up to a 50% chance of rupturing during a crash, according to a National Highway Traffic Safety Administration (NHTSA) alert.

Tags: Acura, Danger, Honda, NHTSA, Recall, Takata

June 21, 2016 - Industry News

F&I Dealer of the Year: Nomination Deadline Extended

David-Moore Automotive's Sean Tarbell accepts the 2015 award from The Warranty Group's Ash Bauer and F&I and Showroom's Gregory Arroyo.

F&I and Showroom has extended the nomination deadline for its F&I Dealer of the Year award to Wednesday, July 13.

Tags: F&I Dealer of the Year, F&I department, F&I manager, F&I Pacesetters, F&I process

May 26, 2016 - Industry News

DRIVIN Raises $7.5 Million in Additional Funding

The company that aims to change the way dealers sell, source, acquire, and deliver used cars announced it has raised an additional $7.5 million in equity capital. Launched in mid-2015, the Chicago-based startup has now raised $17.5 million in funding.

Tags: Auto Auctions, DRIVIN, inventory, used-vehicle sales, used-vehicle values

May 18, 2016 - Industry News

New Dry-Erase Hang Tags Offer Potential Cost Savings

The hard plastic, dry-erase tags give dealers the ability to reuse them instead of throwing them away, as is the case with traditional paper tags. These tags also eliminate the possibility of misprints due to their dry-erase nature.

Tags: Dealership, Hang Tags, Products

May 17, 2016 - Industry News

Allstate Teams With Openbay on Auto Repair and Maintenance Service

The two firms have teamed up to provide vehicle owners with a faster and more efficient way to service their vehicles. The service is now available via Allstate.com, the Allstate Mobile app’s ‘My Rides’ section, and the Drivewise app.

Tags: Allstate Dealer Services, Openbay, Parts and Service

May 9, 2016 - Industry News

Georgia Dealer, State Employee Arrested for Odometer Fraud

The dealer and state employee were charged with devising a scheme to buy high-mileage vehicles in nearby states, roll back their odometers, and then resell them in Georgia. They now face up to 10 years in prison if convicted.

Tags: Department of Justice, Georgia, Odometer Fraud, Tampering

April 21, 2016 - Industry News

Nissan Fleet Initiative Expands Dealer-Based Ordering

Nissan is making it easier for commercial fleets to acquire vehicles outside of annual purchasing cycles with its Fleetail 2.0 program that will expedite orders of less than 50 vehicles to commercial fleets and fleet management companies.

Tags: Fleet Incentives, Nissan, Nissan Titan XD

April 7, 2016 - Industry News

2014 F&I Dealer of the Year Added to F&I Think Tank Roster

Vaden Automotive Group's Jane Vaden Thacher will be at next month's F&I Think Tank in Tampa, Fla., to explain how the group's sales and F&I process makes $1,400 per copy a reasonable expectation for F&I producers.

Tags: F&I process, F&I Think Tank, F&I Turnover, Jane Vaden Thacher, Vaden Automotive Group

March 29, 2016 - Industry News

Moore to Take On Millennial Workforce at Dealer Summit

Protective Asset Protection’s Rich Moore will present a session dedicated to hiring and training Millennial workers at the upcoming Dealer Summit, organizers announced Monday.

Tags: Dealer Summit, hiring, Millenials, Protective Asset Protection Division, Rich Moore

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