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June 5, 2018 - Industry News

Alpha Earns Two Stevies in the American Business Awards

Alpha Warranty Services’ earned a Silver Stevie in the American Business Awards’ Veteran-Owned Business of the Year category, while CEO Steve Rosenvall earned a Bronze Stevie in the Executive of the Year category for the insurance industry.

Tags: Alpha Warranty Services, American Business Awards, F&I product provider, Stevie Awards

June 5, 2018 - Industry News

Binary Automotive Adds to Executive Team

Binary Automotive Solutions announced the addition of Joe Turner, Matt Ward, and Troy Scheer to the company’s executive management team.

June 5, 2018 - Industry News

Black Book: Used Values Up 0.8% in May

Black Book’s Used Vehicle Retention Index shows 15 used-vehicle segments made gains in May, contributing to a 0.6% marketwide improvement over the past 12 months.

June 5, 2018 - Industry News

KBB: SUV/Pickup Demand Drive Up May's Avg. Transaction Price

May's average transaction price for light vehicles rose by a healthy 3%, even as new-vehicle demand is expected to falter in 2018, according to the vehicle information site.

Tags: average transaction price, Chevrolet, Ford, General Motors, Kelley Blue Book, Lincoln, pickups, SUV

June 4, 2018 - Industry News

AAGI Debuts Three New Products

AAGI has added AutoGuard Plus Mechanical GAP, AutoGuard Prepaid Maintenance, and AutoGuard Sentinel to its lineup of aftermarket products.

June 4, 2018 - Industry News

Auto/Mate Integrates With Quik Video

A new partnership between Auto/Mate Dealership Systems and Quik Video promises to help dealers improve service customer retention and satisfaction.

June 1, 2018 - Industry News

Fiat Chrysler to Establish Captive Finance Company

The automaker's chief executive told investors today that the company will establish its own captive finance company by 2022. One option being considered is the purchase of Chrysler Capital from Santander Consumer USA, which is five years into the 10-year preferred financing agreement it signed with FCA in 2013.

Tags: auto finance, captive finance, Chrysler Capital, FCA

June 1, 2018 - Industry News

Fiat Chrysler to Electrify 30 Models by 2022

Fiat Chrysler's five-year plan to 2022 includes a heavier emphasis on Jeep and Ram, as well as a broad-ranging electrification initiative. Photo courtesy of FCA.  

The company's executive leadership, including outgoing chief executive Sergio Marchionne, outlined the new investments during a June 1 investors meeting. Marchionne presented a five-year plan for the company, even though he has said he will retire in 2019.

Tags: Chrysler, Chrysler Capital, Dodge, FCA, Fiat, Jeep, Santander Consumer USA

June 1, 2018 - Industry News

Fidelis Adds Fluids Check Service

Fidelis PPM has partnered with Fixed Ops Pros to add a vehicle fluids check component to its prepaid maintenance programs.

May 31, 2018 - Industry News

Assurant Completes Acquisition of The Warranty Group

Following the announced closing of its acquisition of The Warranty Group, Assurant announced new leaders for its global automotive business.

Tags: Assurant, F&I manager, F&I products, general agents, online F&I, The Warranty Group, vehicle service contracts

May 31, 2018 - Industry News

Experian: Americans Borrow Record Amounts for Auto Purchases in Q1

The dream of owning a new vehicle is becoming more elusive for the average American consumer, with the average amount financed and monthly payment for a new vehicle climbing to record highs of $31,455 and $523, respectively.

Tags: auto finance, average finance amount, average monthly payment, Experian Automotive, interest rates, prime, subprime

May 31, 2018 - Industry News

Tech Crunch: UTI Opens NJ Campus

Universal Technical Institute has opened a new, 108,000-square-foot, ‘state-of-the-industry’ campus in Bloomfield, N.J., in part to address a growing shortage of skilled technicians.

May 31, 2018 - Industry News

OTE Releases Ecommerce Solution for Selling F&I Products Online

The turnkey, ecommerce solution allows dealers to present options for service contracts, tire-and-wheel, GAP, and many other F&I products during or after the time of purchase. Consumers simply visit the dealer’s website and enter their VIN to access competitive rates from multiple F&I product vendors.

Tags: digital retailing, Ecommerce, F&I products, online F&I, OTE, Over the Edge

May 30, 2018 - Industry News

Drive Motors Hires New Senior Director of Consumer Experience

Lauren Wolfe, a more than 15-year digital-marketing specialist, will spearhead growth on the West Coast as the digital retailing provider’s new senior director of consumer experience.

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

May 30, 2018 - Industry News

Car-Ware Integrates BillingTree Digital Payment Technology

Users of Car-Ware’s dealer management solutions can now offer an industry-specific digital payment solution for auto finance transactions.

May 29, 2018 - Industry News

Autotrader, Kelley Blue Book Team With LendingTree

Adding LendingTree's capabilities to the Autotrader and Kelley Blue Book sites allow car buyers to research, shop and secure financing on a vehicle all in one spot.

Tags: Autotrader, Cox Automotive, digital retailing, Kelley Blue Book, LendingTree, online F&I

May 29, 2018 - Industry News

May Flowers: Cox Predicts 3% Increase in New-Car Sales

Cox Automotive forecasts new light-vehicle sales to reach 1.56 million units by the end of the month — a 3% year-over-year increase — despite a downward trending SAAR.

May 29, 2018 - Industry News

Trump Tariffs Are ‘Big News’ for Auto Dealers

President Trump’s tweet promising ‘big news’ for the automotive industry was quickly followed by an investigation that could lead to inflated costs for imported vehicles and parts.

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