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March 13, 2018 - Industry News

TD Auto Finance Commercial Services Announces National Expansion

The business unit began offering commercial loan products in June 2011, primarily in the East Coast. It had since expanded into the Midwest prior to today’s announcement.

Tags: auto finance, commercial financing, dealers, floorplan financing, TD Auto Finance

March 12, 2018 - Industry News

Jaguar Columbia Receives Pride of Jaguar Award

Jaguar Columbia is one of 16 dealerships to receive the award out of Jaguar’s 338 U.S. retailers. Since being purchased in 2014 by Peacock Automotive, the dealership has seen an increase in sales of 75%.

Tags: Awards, Jaguar Land Rover, Pride of Jaguar

March 12, 2018 - Industry News

Edmunds Lists Five Star Dealer Award Winners

More than 350 U.S. dealers earned recognition in Edmunds’ sixth annual Five Star Dealer Awards, including 25 Five Star Premier designants.

March 12, 2018 - Industry News

Clarivoy Offers ‘Any-Touch’ Attribution

Clarivoy’s new software was designed to ensure the correct marketing source receives credit in the customer’s purchase journey.

March 12, 2018 - Industry News

Flick Fusion Unveils Dealer Video Solution

Flick Fusion’s Video Warrior Package was designed to offer dealers a complete, turnkey video marketing solution.

March 12, 2018 - Industry News

Affinitiv Tackles Service Absorption in New Ebook

‘Why Service Absorption Is a Dangerous Number’ offers a detailed guide on how to grow service profits using revenue per units-in-operation.

March 12, 2018 - Industry News

Cox Launches Accelerate in Vegas Market

Cox Automotive’s new connected retail platform was designed to connect the online and in-store process to drive faster car deals.

March 12, 2018 - Industry News

NADA Foundation Launches Major Workforce Initiative

The foundation’s board of trustees has approved plans and funding for a largescale workforce initiative aimed at promoting the value of dealership jobs. Fundraising is set to begin in 2019.

Tags: Annette Sykora, NADA Foundation, workforce initiative

March 8, 2018 - Industry News

Black Book: Used Retention Index Rises on Early Spring Selling Activity

The spring selling season got off to an early start, leading to a slight month-over-month uptick in the firm’s Used Vehicle Retention Index. The big question is how the harsh weather that has recently struck parts of the country will impact values moving forward.

Tags: Black Book, Used Vehicle Retention Index, used-vehicle sales, used-vehicle values

March 8, 2018 - Industry News

Auto Lands at No. 2 on N.Y. Attorney General’s Complaint List

The regulator who has championed New York’s crackdown on payment packing released his office’s Top 10 list of complaints received in 2017. Auto was 1,965 complaints short of the No. 1 complaint category: the internet.

Tags: auto finance, compliance, Credit Forget It, Eric T Schneiderman, payment packing

March 7, 2018 - Industry News

Westlake Launches New Prime Program

Executives say the new program, which is designed for car buyers with a 750 FICO or better, is part of the finance source's push to become a one-stop shop for every dealership.

Tags: auto finance, F&I office, FICO, full-spectrum finance, Westlake Financial Services

March 7, 2018 - Industry News

Hyundai Lists CPOs for Sale on Carfax Website

Car buyers perusing Carfax.com’s used-vehicle listing can now choose to view certified pre-owned Hyundais listed by the factory.

March 7, 2018 - Industry News

Dealer-FX Releases Customer Connect 3.0

The latest edition of Dealer-FX’s BDC tool was designed to drive effective outbound campaigns and customer communications.

March 7, 2018 - Industry News

eLEND Adds Auto Finance Veterans to Sales Team

Automotive finance veterans Joe Peterson and Flory Hunsaker join the tech firm as chief sales officer and regional sales director, respectively. They bring decades of sales success to eLEND as it prepares for the launch of its next-generation finance platform.

Tags: auto finance, digital retailing, Ecommerce, eLend Solutions, Gateway One Lending & Finance, online F&I

March 6, 2018 - Industry News

TD Auto Finance Joins AutoGravity Network

Through the newly forged partnership, indirect financing offers through TD Auto Finance will be made available to qualified buyers using AutoGravity’s digital retail platform.

Tags: auto finance, digital retailing, online F&I, TD Auto Finance

March 6, 2018 - Industry News

Clarivoy Appoints Jessica Ruth to VP Role

Auto industry veteran and former Dominion executive Jessica Ruth has joined Clarivoy as vice president of product.

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

March 5, 2018 - Industry News

Auto Loan Interest Rates Soar to Eight-Year High

Edmunds analysts say the industry is beginning to see the trickle-down effect from the rate increases happening at the federal level. February's annual percentage rate on new finance vehicles was expected to average 5.2%, up from 4.9% in the year-ago period.

Tags: auto finance, Edmunds, Federal Reserve, interest rates

March 5, 2018 - Industry News

Experian Unveils Tri-Bureau Trended Attributes

The new offering is designed to help finance sources better serve consumers across the credit lifecycle, providing insight into historical consumer behavior across all three credit bureaus.

Tags: auto finance, Experian, full-spectrum finance

March 5, 2018 - Industry News

CNA National Distributed More Than $41M to Dealers in 2017

This was the third consecutive year the F&I product provider paid out more than $40 million to its dealers through its various participation programs.

Tags: CFC, CNA National, Controlled Foreign Corp., GAP, NCFC, Noncontrolled Foreign Corp., reinsurance, Tire and Wheel

March 5, 2018 - Industry News

Fidelis PPM Adds Deductible Reimbursement

Dealers selling Fidelis PPM maintenance plans can now enjoy complimentary auto deductible reimbursement coverage.

March 5, 2018 - Industry News

Dominion Unveils Updated Equity Mining Tool

Ver. 4 of Dominion Dealer Solutions’ DealActivator equity mining solution was designed to offer improved functionality, greater conquest capitalization, and a better user experience.

March 5, 2018 - Industry News

Dominion Adds Dynamics Reports Portal

The latest tool from Dominion Dealer Solutions was designed to offer immediate access to marketing, success, and engagement reporting.

March 5, 2018 - Industry News

Dominion Launches New Cloud-Based CRM

The new offering combines an intuitive interface with customized reporting and consumer-focused communication tools to create an easy-to-use CRM that will satisfy customers, sales reps and management, according to the provider.

March 5, 2018 - Industry News

Auto/Mate Unveils Digital Signature Tool

E-Signature Capture is a new, tablet-based app designed to allow fixed ops staff to accept and store digital signatures.

March 5, 2018 - Industry News

AutoLoop: Dealer Tire Sales are Deflating

Analysts blame aftermarket competition and inconsistent advertising by dealers and OEMs for a declining rate of sales among dealership service departments.