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NewsOctober 3, 2018

Black Book’s Retention Index Climbs to October 2016 Level

The firm’s Used Vehicle Retention Index for September increased by 1.9% from a year ago to 116, with all vehicle segments showing increases. The compact crossovers, mid-size crossovers, compact car, full-size pickup, and mid-size car segments were the main drivers.

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NewsOctober 1, 2018

Cox Automotive Acquires F&I Express

The unified companies will leverage a vast network of F&I product providers and new technology to innovate for dealers, agents, providers, and lenders.

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NewsOctober 1, 2018

Dealer Panels Set for Compliance Summit

The upcoming Compliance Summit will feature two panel discussions staffed by dealer counsel and personnel from around the nation.

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Newsby Gregory ArroyoSeptember 27, 2018

Fed Reserve Approves Third Rate Hike of 2018

The Federal Reserve on Wednesday raised interest rates for the third time this year and signaled it will raise the cost of borrowing again in December. Industry economists said it will not get better for consumers or the industry from here.

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NewsSeptember 27, 2018

RSVP for ACE Certification at Industry Summit

Attendees of the upcoming Industry Summit and P&A Leadership Summit are invited to register for Automotive Compliance Education’s onsite certification review and exam for no additional charge.

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NewsSeptember 26, 2018

Spireon: Impounds a ‘Billion-Dollar Problem’ for Dealers

Spireon has released ‘Impound Storage Fees, a Billion-Dollar Problem,’ a new study billed as the first to address the steep costs rampant impounds generate for dealers, finance sources, and car buyers.

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NewsSeptember 26, 2018

Cox: September Sales to Decline 7.2% From Year-Ago Levels

Despite the expected volume decline, the firm put September’s seasonally adjusted annual sales rate at a healthy 17.1 million, down from last September’s 18.1 million SAAR. The company said higher interest rates and talks of tariffs may be having some pull-ahead impact in the market.

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NewsSeptember 26, 2018

AGWS Earns BBB Recognition, Grows F&I and Agent Events

American Guardian Warranty Services earned its first BBB Torch Award nomination and continues to grow its training and networking programs during the company’s 20th year in business.

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NewsSeptember 25, 2018

PayNearMe Launches Mobile-First Payment System

Auto dealers and auto finance sources have new options for customers wishing to pay by cash, debit, credit, or ACH with the launch of PayNearMe’s expanded system.

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Newsby Gregory ArroyoSeptember 25, 2018

Cox Automotive’s O’Neil to Retire in February

The tech firm confirmed this week reports that COO Mark O’Neil plans to retire this February. He’ll depart almost four years after Cox’s acquisition of Dealertrack, a company he led as CEO for about 14 years.

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