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Digitalby StaffMay 14, 2015

Edmunds Updates App with Messaging Platform

Edmunds.com updated its mobile app with a new feature that allows shoppers to send text messages to dealers.

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Auto Financeby StaffMay 14, 2015

Student Loan Impact May Be Overblown, TransUnion Finds

Despite an unprecedented rise in student-loan balances over the past decade, a new TransUnion study found that student loan obligations have not inhibited younger consumers’ ability to access and repay other consumer credit categories such as auto loans.

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Auto Financeby StaffMay 14, 2015

Heritage Indemnity Retains 'A' Rating, A.M. Best Reports

Heritage Indemnity Company has retained its financial strength rating and issuer credit rating of “A” following the recent announcement of its agreement with AmTrust Financial Services, according to A.M Best.

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F&Iby StaffMay 13, 2015

Autosoft Certifies MaximTrak F&I Platform

MaximTrack Technologies’ F&I suite has completed Autosoft’s certification process and now integrates with the tech firm’s FLEX DMS.

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F&Iby StaffMay 13, 2015

Western Funding Launches New Program for Dealers

Western Funding has announced its Triple Pay program, which allows dealers to build a bankable portfolio and receive three different types of payments on the same deal — upfront checks, near portfolio closing and back-end payment streams.

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F&Iby StaffMay 13, 2015

ADM Names 2015 Dealers’ Choice Award Winners

F&I and Showroom's sister publication has announced the winners of the 11th annual Dealers’ Choice Awards. Voted on by dealers, the program recognizes the industry’s best product and service providers.

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Digitalby StaffMay 12, 2015

SureCritic Adds Former SOCIALDEALER President

Phil Penton, former partner and president at SOCIALDEALER, will lead SureCritic’s business development activities and strategic alliances.

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Texas DMV Closes Case Against CarGurus

The enforcement division of the Texas DMV has closed its case against CarGurus after the vehicle-shopping site made revisions to its used-car advertisements. In April, the department threatened enforcement actions because of the way the site listed used vehicles for sale.

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F&Iby StaffMay 12, 2015

April Vehicle Sales Paced at 16.5 Million-Unit SAAR

Total new-vehicle sales in April increased 0.6% compared with a year ago to 1.45 million units sold, according to Autodata Corp. April’s SAAR was 16.5 million units.

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F&Iby StaffMay 12, 2015

Manheim Names General Manager of Nevada Business

Manheim has promoted Eddie Lafferty to general manager of Manheim Nevada.

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