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Newsby StaffDecember 6, 2019

Etheridge to Lead Client Relations for TecAssured

F&I industry veteran Sherry Etheridge has joined TecAssured as director of client relations.

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Newsby StaffDecember 6, 2019

IAS Acquired by iA Financial for $720M

iA Financial Group announced the acquisition of IAS, an F&I products and services provider that counts 4,300 dealers in all 50 U.S. states.

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Newsby StaffDecember 6, 2019

Q3 Auto Finance: Used Accounts for 55% of Loans

Experian analysts say buyers of pre-owned vehicles accounted for 55.15% of all U.S. auto loan originations in the third quarter, a 2.4% year-over-year increase.

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Newsby StaffDecember 6, 2019

NAC Adds Connected Vehicle Service Contract

National Auto Care announced the launch of NAC Connect, a new vehicle service contract that includes one year of free telematics service.

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Newsby StaffDecember 5, 2019

Agent Summit Returns to Vegas, Moves to New Location

The 2020 event is scheduled for May 3–6 and will take place at The Cosmopolitan for the first time.

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Newsby StaffDecember 5, 2019

November Auto Loan Interest Rates Hit 21-Month Low

Edmunds analysts say Black Friday promotions helped suppress new auto loan interest rates last month, registering a year-to-date low of 5.5% and an 8.3% year-over-year decline.

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Newsby StaffDecember 3, 2019

Understory Launches Sensor-Based Dealer Hail Insurance

Understory has released Auto – Hail Safe, a new hail insurance product designed to combine ground-truth weather detection with new coverage and claims technology.

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Newsby StaffDecember 3, 2019

Discounts, Incentives Stabilize New Vehicle Prices in November

Kelley Blue Book reports the average cost to buy a new vehicle was $38,393 last month, a 1% year-over-year increase restrained by frantic efforts to move 2019-MY inventory.

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Newsby StaffDecember 3, 2019

Study: Failure to Capture Off Make Buyers Costs Auto Groups Service Revenue

A new study commissioned by Affinitiv finds U.S. auto groups lose up to $230,000 in per-store service revenue by failing to cross-market off make used car buyers.

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Newsby StaffDecember 2, 2019

Lawsuit Claims Chicago Dealer Polluted River

Perillo Motor Cars and its owner, Joe Perillo, stand accused of polluting the Chicago River in violation of the federal Clean Water Act and Rivers and Harbors Appropriation Act.

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