izmocars will showcase its newest virtual reality offering in the Tech Pavilion at this week's AutoMobility LA. Dealers will be able to use izmoVR in the showroom and service wait room. They can also make it available as a download from their dealership's website.
KAR Auction Services Inc. announced the creation of new enterprise functions and leadership roles in product development, data analytics and strategy. The company has both promoted from within and recruited from outside sources to fill these new positions.
South Dakota voters approved an initiated measure aimed at capping interest rates on short-term loans in the state. Included in the cap are all charges for ancillary products and any other fees included in the extension of credit.
Clarivoy this week announced the native integration of its Multi-Touch Sales Attribution solution into Google Adwords, allowing dealers to optimize their AdWords campaigns based on actual sales data.
Affinitiv announced the rollout of its upgraded V6.0 service scheduling solution this week. According to the company, the new version features increased flexibility and customization to help dealers drive even more revenue to their service departments.
ACV Auctions named Michael Waterman vice president of sales. He will be charged with helping the company grow its mobile-enabled live auctions.
The Federal Trade Commission announced last week final amendments to its Used Car Rule. It noted that its amended rule permits dealers to use their remaining stock of Buyers Guides for one year after the effective date of the amended rule.
Asbury Automotive COO David Hult called the group's F&I performance in the third quarter a "small setback" compared to previous quarters, noting that he remains hopeful for the coming quarter.
Total auto loan balances in the third quarter grew 9% from a year ago to $1.1 trillion, with subprime balances leading the way, TransUnion reported on Monday.
Ally CEO Jeffrey Brown acknowledged the finance source missed analysts’ expectations in the third quarter, but said the finance sources feels even more ‘bullish about the upside potential that exists’ ahead. He was referring to the company’s acquisition of an online auto lender exchange that will help it build a direct-to-consumer option.
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