KBB: New-Vehicle Transaction Prices Rise Nearly 3% in May
Transaction prices continued to climb at a steady rate in May, driven by the weakening sales mix of cars, according to the vehicle information side.
Transaction prices continued to climb at a steady rate in May, driven by the weakening sales mix of cars, according to the vehicle information side.
Not even record incentive spending for the month is expected to keep May retail sales on pace with a year ago, according to the two firms.
CNAN earned first-place Diamond honors in the Service Contract and Reinsurance categories. The company has been voted a top provider by readers of Auto Dealer Today every year since the awards program was created in 2005.
The new partnership pairs Auto/Mate’s DMS with Dashboard’s data reporting suite. Clients of both companies can now enjoy seamless data exchange and real-time updates.
Bank of America is piloting new enhancements to its mobile banking technology that will allow clients to complete the auto financing process directly with the bank on a mobile device.
The award is designed to recognize an individual who has made the most noteworthy contribution to the auto finance industry in the last two years. Judges described White Clark CEO Brendan Gleeson as a “visionary for the motor finance industry.”
The existing auto-focused sales force from Hearst Magazines’ 21 brands will move under the umbrella of Hearst Autos. The division will develop and execute 360-degree programs incorporating print, digital, video, social, custom content, events, and in-market advertising.
The Department of Justice filed the complaint on May 23, claiming FCA installed the software in 104,000 diesel Ram 1500 and Jeep Grand Cherokee vehicles. The filing comes days after FCA submitted a proposed software modification to resolve the issue.
With autoTEXT, dealers can set a single number or different numbers for each department to manage texts from one place. Customers can text to request appointments, and staff can get repair authorization, send service status updates and service completion notifications with payment options, and more.
Michigan's U.S. senators are backing a proposal that would allow automakers to apply credits for model years as far back as 2009 to help them meet future standards to require their car and truck fleets to average 41 miles per gallon by 2021, reports the Detroit News.
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