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Auto Finance•by Staff•September 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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Digital•by Staff•September 27, 2018

Digital Air Strike Expands Global Reach

Digital Air Strike now offers Response Path, an AI-powered intelligent messaging service, to users in 12 countries outside the U.S.

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Auto Finance•by Staff•September 26, 2018

Sonic CEO Scott Smith Steps Down, Successors Named

The automotive retailer announced that co-founder B. Scott Smith is stepping down as CEO, president, and director of the public dealer group. His brother David Burton Smith will assume his role as CEO, while executive Jeff Dyke was promoted to president.

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F&I•by Staff•September 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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F&I•by Staff•September 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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F&I•by Staff•September 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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F&I•by Staff•September 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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Showroom•by Staff•September 25, 2018

Karma to Open Dealerships in Seattle, Chicago, SoCal

Electric vehicle manufacturer Karma is set to open new dealerships in Seattle, Chicago, and Westlake Village, Calif.

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Auto Finance•by Paul Clinton•September 25, 2018

Auctions Return to Business Following Florence

Manheim Wilmington is reopening this Friday. Operations were shut down last week in preparation of Hurricane Florence, which had less of an impact on the U.S. vehicle market than hurricanes Harvey and Irma in 2017.

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F&I•by Gregory Arroyo•September 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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