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June 28, 2018 - Industry News

UDS Wins DCAs for F&I and Compliance Training

United Development Systems earned first- and second-place honors in the F&I Training and Compliance Training categories, respectively, in the 2018 Dealers’ Choice Awards.

June 28, 2018 - Industry News

CNA National Named Top Provider for 14th Year in a Row

CNAN earned the 2018 Dealers’ Choice Diamond Award for best Service Contract provider, the company’s 14th consecutive first- or second-place ranking in the category, and a Platinum Award for Service Contract Reinsurance.

June 28, 2018 - Industry News

MaximTrak Announces Zurich North America Integration

Zurich North America's F&I product rates and forms are now integrated into MaximTrak's ETrak platform, providing Zurich's dealer customers with access to the technology firm's MenuTrak and FLITE F&I sales systems.

Tags: ETrak, F&I manager, F&I menu, F&I product sales, FLITE, MaximTrak, MenuTrak, RouteOne, Zurich

June 27, 2018 - Industry News

Updated: Roadster Secures New Funding, Announces New Ties With Lithia, Lexus

The startup’s war chest now totals $30 million after securing $15 million in new funding. The announcement comes on the heels of two other major developments for the San Francisco-based startup, including new relationships with Lithia Motors and Lexus.

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

June 27, 2018 - Industry News

Peacock Acquires South Carolina Hyundai, Genesis Stores

Peacock Automotive announced the acquisition of Jim Hudson Hyundai and Genesis in Columbia, S.C.

June 27, 2018 - Industry News

Cox Names Breakthrough Leader of the Year

Nicole Cockcroft of Central Florida’s Headquarter Mazda has been named Breakthrough Leader of the Year by Cox Automotive.

June 27, 2018 - Industry News

USEA Earns Top Industry Award for Fourth Straight Year

US Equity Advantage won first-place Diamond honors in the Biweekly Payments category in the 2018 Dealers’ Choice Awards.

June 26, 2018 - Industry News

Zurich Adds Service Advisor Training

Zurich introduced comprehensive service sales training led by Steve Shaw, with full-day seminars across the U.S. to begin in July.

June 26, 2018 - Industry News

DealerSocket Names Bryan Klann Chief Revenue Officer

Bryan Klann’s appointment bolsters DealerSocket’s leadership team and provides the firm’s sales and marketing team with a more than 20-year software industry veteran with a track record of growing revenue.

Tags: CRM, DealerSocket, desking, digital retailing, F&I, Precise Price, Showroom, technology

June 26, 2018 - Industry News

Portfolio Again Recognized With Top Ranking in 2018 DCAs

Portfolio won the first-place Diamond award in the Service Contract Reinsurance category of the 2018 Dealers’ Choice Awards, continuing an 11-year run among the segment’s top-ranked providers.

June 25, 2018 - Industry News

Manheim Completes Bold Auction Transformation

The transformation is designed to make it easier and faster for dealers to do business with Manheim anytime and anywhere.

June 25, 2018 - Industry News

CarSoup Integrates Clarivoy Attribution Technology

CarSoup.com dealers now have access to an ‘Any-Touch” attribution tool thanks to a partnership with Clarivoy.

June 22, 2018 - Industry News

RideShare Knight Offers VSCs for Uber and Lyft Drivers

Comprehensive vehicle service contracts designed specifically for ride-hailing drivers are now available from RideShare Knight.

June 22, 2018 - Industry News

RoadVantage Wins Second Straight No. 1 Diamond Dealers’ Choice Award

RoadVantage earned first-place honors in the F&I Products category for the second consecutive year in the 2018 Dealers’ Choice Awards.

June 21, 2018 - Industry News

J.D. Power: New-Vehicle Initial Quality Improves Again

The firm’s 2018 study revealed a 4% increase in initial quality from a year ago, with Genesis, Kia, and Hyundai topping the annual study’s rankings.

Tags: Genesis, Hyundai, Initial Quality Study, J.D. Power, Kia

June 21, 2018 - Industry News

Equifax: Pre-Approvals, Credit Checks Drive Sales

Equifax has revealed new insights into auto consumer behavior and how customized searches, understanding buying power, and pre-approvals can move the sales needle.

June 21, 2018 - Industry News

Jeep Cherokee Tops 2018 American-Made Index

Four of the top 10 2018 ‘most American’ vehicles in Cars.com’s latest rankings are built by foreign-based factories, but Jeep claimed the No. 1 spot for the second consecutive year.

June 21, 2018 - Industry News

Michigan Leads Nation in Repair Affordability

CarMD analysts say Michigan remains the most affordable state for ‘check engine’ repairs with an average total light repair cost of $333.

June 21, 2018 - Industry News

SouthwestRe Wins Second Straight Gold Award for Service Contract Reinsurance

SouthwestRe won the Gold award for Service Contract Reinsurance for the second consecutive year in the 2018 Dealers’ Choice Awards.

June 20, 2018 - Industry News

J.D. Power: Wholesale Prices Down in May, Auction Volume Growing

Wholesale prices declined in May, while auction volume continues to grow.  Photo by Eric Gandarilla.   

May’s wholesale prices for used vehicles up to eight years in age fell 1.7% from the prior month, a level that’s typical for this time of year, the firm stated in its June Used Car and Light Truck Guidelines report.

Tags: J.D. Power, used-vehicle values, Wholesale Pricing

June 20, 2018 - Industry News

EFG Companies: Dealers Must Embrace Industry Paradigm Shift

EFG Companies CEO John Pappanastos said digital buying habits, millennial and Gen Z consumers, and women are forcing industry change dealers must embrace.

Tags: compliance, digital retailing, EFG Companies, F&I manager, F&I product provider, hiring, John Pappanastos, online F&I

June 20, 2018 - Industry News

Kennedy to Lead PointPredictive’s AI Scoring Team

Renowned data scientist Mike Kennedy is expected to drive innovation and advancement for the company’s artificial intelligence solutions.

June 20, 2018 - Industry News

ADT Announces Winners of 2018 Dealers’ Choice Awards

Dealers and dealership personnel have recognized 70 companies and individuals in 34 categories in the 2018 Dealers’ Choice Awards.

June 20, 2018 - Industry News

Continental Reports 25% Time Savings Using Over the Edge’s Administration System

The F&I product provider said it could take 30 to 45 days to receive sold contracts from its dealers prior to adding TecAssured, Over the Edge's administration system and rating engine. Today, those contracts are received instantly, officials say.

Tags: Continental Warranty, econtracting, erating, F&I Administration, F&I product provider, Over the Edge, TecAssured

June 20, 2018 - Industry News

Vin-UP Offers Instant KBB Values

Auto dealers are using Vin-UP’s portable scanners and printers to retrieve Kelley Blue Book trade-in values and source pre-owned inventory from customers.