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May 29, 2018 - Industry News

FCA Recalls 4.8M Vehicles

A potentially serious cruise control issue has compelled Fiat Chrysler to recall more than 4 million cars, trucks, and SUVs.

May 29, 2018 - Industry News

Alpha’s Jeff Olsen Honored With 2018 Corporate Counsel Award

The award was handed out by Utah Business magazine during a ceremony at The Grand America Hotel on April 26. Jeff Olsen, the F&I product provider’s in-house legal counsel, is also featured in the publication’s May 2018 edition.

Tags: Alpha Warranty Services, F&I products, in-house counsel, Jeffrey Olsen

May 25, 2018 - Industry News

KBB: Memorial Day Shoppers Not Hung Up on Fuel Efficiency

Despite rising gas prices, larger vehicles should remain popular among car buyers through the holiday weekend, according to the results of a new survey by Kelley Blue Book.

May 24, 2018 - Industry News

Client Command Named an Inc. Magazine Best Workplace 2018

The distinction adds to an already impressive list of awards and distinctions, including a Pacesetter award, a 150 Best Places to Work List award from the Atlanta Journal Constitution, Atlanta Business Chronicle Best Places to Work List, and 6-time winner of the Inc. 5000 Fastest Growing Companies List.

Tags: Client Command, digital marketing, technology

May 24, 2018 - Industry News

GWC Warranty Adds to Sales Management Team

The F&I product provider has added more than 100 years of combined sales and automotive experience with the addition of five new regional sales managers.

Tags: F&I products, GWC Warranty, Used-Vehicle Service Contracts

May 24, 2018 - Industry News

AutoGravity Names Jason Bonifay Vice President of Engineering

The fintech firm’s executive previously served as vice president of product development and engineering at CDK Global. He is now tasked with accelerating AutoGravity’s engineering efforts.

Tags: auto finance, AutoGravity, digital retailing, online F&I, technology

May 23, 2018 - Industry News

Autotrader Names 10 Best Non-Luxury and Luxury CPO Programs

Topping Autotrader’s 2018 lists of non-luxury and luxury CPO programs were Hyundai and Lexus, respectively. Both offer unrivaled warranty coverages, along with several perks that make them an ideal choice for shoppers looking for a lightly used model.

Tags: Autotrader, Certified Pre-Owned, Hyundai, Lexus

May 23, 2018 - Industry News

AAA: Crashes Shake Faith in Driverless Vehicles

Two surveys conducted less than a year apart show Americans are increasingly anxious about the growing presence of autonomous vehicles on public roads.

May 23, 2018 - Industry News

California New-Vehicle Sales Expected to Exceed 2 Million in 2018

With the car market having plateaued after several years of increases, the California New Car Dealers Association said it continues to see increasing demand for larger, more family-friendly vehicles. But with gas prices continuing to increase, that trend could shift in the quarters ahead.

Tags: California, California New Car Dealers Association, new-vehicle sales, SUV

May 21, 2018 - Industry News

Trump Signs Repeal of CFPB’s Dealer Participation Guidance

The president’s signature comes exactly five years and two months after the bureau put the auto finance industry on notice with its controversial guidance on dealer rate markups.

Tags: auto finance, CFPB, compliance, dealer participation, guidance, rate markups

May 18, 2018 - Industry News

RMS Adds AI-Powered Portfolio Tools

RMS Automotive’s new Optimization suite was designed to leverage the combined power of machine learning and Cox Automotive data.

May 18, 2018 - Industry News

RoadVantage Adds Don Oliver as SVP

Thirty-year industry veteran Don Oliver has joined RoadVantage as senior vice president of operations.

May 17, 2018 - Industry News

Spireon Named Telematics Company of the Year

Compass Intelligence has named Spireon as the industry’s best telematics provider for 2018.

May 17, 2018 - Industry News

Update: Ford to Restart Truck Production

Ford will resume assembly of the top-selling F-150 pickup Friday following a shutdown that followed a structure fire at a key parts supplier.

May 17, 2018 - Industry News

Freed From CFPB Order, Toyota Financial to Raise Markup Caps

Toyota’s captive finance company announced it will raise its dealer markup caps following the early termination of consent orders issued by the Consumer Financial Protection Bureau and the Department of Justice.

May 17, 2018 - Industry News

Alpha’s Rosenvall Named Executive of the Year

Steve Rosenvall, CEO of Alpha Warranty Services, earned Executive of the Year honors in the 16th annual American Business Awards.

May 17, 2018 - Industry News

Luckett Joins Portfolio as Managing Director

Thirty-three-year industry veteran and former Warranty Group exec John Luckett has joined Portfolio as a managing director for sales and agent development.

May 16, 2018 - Industry News

Auto Finance Execs Acquire Stake in Horizon Digital

Industry veterans Mark Floyd and Kenneth Wardle have acquired an equity stake in Horizon Digital Finance Holdings.

May 16, 2018 - Industry News

Black Book: Car Values Down for First Time in Two Months

With the spring selling season now in the rearview mirror, the car segment broke its two-month streak last week of rising wholesale values. Only full-size and sporty cars realized higher wholesale values through the week.

Tags: Black Book, car segment, depreciation, wholesale values

May 16, 2018 - Industry News

PassTime and Megasys Complete Integration

PassTime GPS users can now use Megasys’ origination and servicing platform to set up new accounts and manage assets.

May 15, 2018 - Industry News

Webinar: Who Will Take Up the CFPB's Torch?

Eric Johnson, partner at Hudson Cook LLP

On June 6, Hudson Cook LLP attorney and partner Eric Johnson will join F&I and Showroom’s Gregory Arroyo for Part 1 of the magazine’s compliance webinar series. He will examine the likely candidates to take up the CFPB’s torch, and explain why F&I product pricing isn't out of the regulatory woods just yet.

Tags: attorneys general, compliance, dealer participation, Federal Trade Commission, regulation

May 15, 2018 - Industry News

LHM Wins Best of State Award

Salt Lake City-based Larry H. Miller Dealerships has earned an award from Best of State, a program designed to honor Utah’s best companies.

May 14, 2018 - Industry News

Classic Launches Production, Claims Tracking Platforms

Norman & Company has launched new website extensions designed to help agents and dealers track production and claims.

May 14, 2018 - Industry News

TransUnion: Auto Finance Registers Lowest Growth Rate Since Q1 2012

The firm attributed the slowdown to improvements in oil states and tightening underwriting guidelines, which have also helped stabilize delinquency rates.

Tags: auto finance, Auto Loan Balances, delinquencies, TransUnion

May 14, 2018 - Industry News

Votes Pour in for 2018 Dealers’ Choice Awards

DCA voting has begun in earnest as auto dealers nationwide recognize their favorite vendors, suppliers, and finance sources.