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October 17, 2018 - Industry News

Equifax: Vehicle Sales Down, Borrowing Up

Car buyers were financing more at the midway point of 2018 than they did in 2016, when record new-vehicle sales were made, according to new data from Equifax.

October 17, 2018 - Industry News

EasyCare Launches New Suite of Rideshare F&I Benefits

EasyCare’s new Rideshare suite of F&I benefits includes a vehicle service contract, GAP coverage and a customizable prepaid maintenance benefit, all tailored to meet the needs of driver entrepreneurs.

October 17, 2018 - Industry News

Brooklyn Dealer Plans Game Changers Event

Brooklyn Mitsubishi’s El Patronn will host the inaugural Automotive Game Changers Conference in New York City in December.

October 16, 2018 - Industry News

Drive Motors Adds Former Dealer.Com Exec to Leadership Team

Chris Gugliotta, a former executive with Dealer.com and Lithia Motors, has joined the startup as head of strategic partnerships. He will be responsible for leveraging Driver Motors’ digital retailing tools for the industry’s largest finance sources and vehicle OEMs.

Tags: digital, digital retailing, Drive Motors, online F&I

October 16, 2018 - Industry News

GM Rolls Out Optional Extended Warranty

The new extended ‘bumper-to-bumper’ warranty isn’t designed to act like a dealer-offered service contract. Repairs can be completed without filing a claim and there are no deductibles. The option also is included in a vehicle’s overall price.

Tags: extended warranties, General Motors, service contract

October 16, 2018 - Industry News

Vision Dealer Solutions Releases VisionTouch

Vision Dealer Solutions has released VisionTouch, a new, wireless, mobile F&I menu designed to produce paperless deal jackets.

October 16, 2018 - Industry News

Assurant Launches Mechanic 2.0

Assurant Resource Automotive announced the launch of Mechanic 2.0, which features enhancements designed to significantly expand options for auto dealers and their sales and service customers.

October 15, 2018 - Industry News

Podium Named to Forbes’ Billion-Dollar Startups List

Podium is one of 25 companies to appear on Forbes’ 2018 list of America’s ‘Next Billion-Dollar Startups.’

October 15, 2018 - Industry News

Black Book Valuation Data Now Integrated With CDK’s Lightspeed EVO

The integration of Black Book’s data is expected to help Lightspeed EVO users realize stronger profit potential with a more precise valuation process for trade-in motorcycles and powersports vehicles.

Tags: Black Book, CDK Lightspeed, Vehicle Valuation

October 15, 2018 - Industry News

Facebook Taps Potratz for A/B Testing

Potratz has been asked to participate in Facebook Alpha Program testing focused on the efficiency of Messenger Lead Ads.

October 15, 2018 - Industry News

Auto/Mate Integrates With DocuBizz

Auto/Mate has integrated its DMS with DocuBizz, an invoice workflow solution designed to streamline accounts payable processes in auto dealerships.

October 11, 2018 - Industry News

LotMonkey Appoints McSpadden VP

Industry veteran Terry McSpadden has joined LotMonkey as vice president of sales.

October 9, 2018 - Industry News

Manheim to Invest $100 Million in Digital

Manheim announced an initiative to ramp up investments designed to deliver the ‘marketplace of the future’ for dealers and car buyers.

October 9, 2018 - Industry News

Vero Launches Maintain, Key ID

Vero has released Maintain and Key ID, new technologies designed to enhance service retention and F&I remarketing.

October 9, 2018 - Industry News

Spireon Launches GoldStar Connect for BHPH

Spireon’s new mobile app was designed to create new mobile connections for the vehicle finance industry and extend the value of GPS to consumers.

October 9, 2018 - Industry News

RelayCars Launches Virtual Reality Sales Platform

RelayCars Pro includes a host of features to aid dealers and OEM product managers with the selling process, product design, training and more.

Tags: RelayCars, Showroom, Virtual Reality

October 9, 2018 - Industry News

VisionMenu Becomes Vision Dealer Solutions

The software solution provider today announced its rebranding and the release of a new remote sales tool designed to handle an entire deal electronically.

Tags: digital, digital retailing, F&I menu, online F&I, VisionMenu

October 8, 2018 - Industry News

Roadster Launches Desking Solution

Express Desking integrates directly into a dealership’s branded Express Storefront, and allows sales agents to instantly message their desk managers, gain approvals on deal terms, and customize payment menu options without ever having to leave the customer’s side.

Tags: digital, digital retailing, online F&I, Roadster, software

October 4, 2018 - Industry News

F&I and Showroom Names 2018 F&I Pacesetters

The magazine reveals the names of the seven organizations vying to be crowned F&I Dealer of the Year, sponsored by American Financial & Automotive Services.

Tags: American Financial & Automotive Services, DOY Pacesetters, DOY Winners, F&I department, F&I products

October 4, 2018 - Industry News

AUL Wins Two Stevie Awards

AUL Corp. won Gold and Bronze in the Employer of the Year category at the 2018 International Stevie Awards.

October 4, 2018 - Industry News

NCM Acquires TSI Auto Solutions

NCM Associates has acquired Canada’s TSI Auto Solutions.

October 3, 2018 - Industry News

Edmunds: Auto Loan Interest Rates Climb Back to Pre-Recession Levels

With September in the books, Edmunds reported this week that interest rates have stayed above 5% for eight months in a row and now mirror levels not seen since before the Great Recession.

Tags: APR, Auto Loan Terms, Auto Loans, Edmunds, interest rates, new-vehicle financing

October 3, 2018 - Industry News

Black Book’s Retention Index Climbs to October 2016 Level

The firm’s Used Vehicle Retention Index for September increased by 1.9% from a year ago to 116, with all vehicle segments showing increases. The compact crossovers, mid-size crossovers, compact car, full-size pickup, and mid-size car segments were the main drivers.

Tags: Black Book, depreciation, pre-owned, Used Vehicle Retention Index, used-vehicle values

October 3, 2018 - Industry News

Survey: Premium Audio Drives New-Car Selection

Premium-brand audio systems remain an important deciding factor for car buyers, according to the latest report from IHS Markit.

October 2, 2018 - Industry News

DealerSocket Reaches Major Milestone

The technology firm this week announced that more than 100 million vehicles have been sold through its software platforms since the company was founded out of the garage of co-founders Brad Perry and Jonathan Ord.

Tags: CRM, DealerFire, DealerSocket, digital, DMS, Inventory+, Precise Price, software

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