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NewsDecember 7, 2017

Three FinCos Stung for $300K by NYDCA

Credit Acceptance, Clover Commercial and Westlake Financial have agreed to pay more than $300,000 to settle charges of predatory lending leveled by New York’s Department of Consumer Affairs on behalf of 50 Brooklyn car buyers.

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NewsDecember 5, 2017

EFG Companies Launches Mobile App

Born out of the F&I product provider’s 2015 and 2016 F&I Innovator of the Year competitions at Northwood University, EFG Companies’ Driver’s Advocate mobile app features a host of service-retention tools, including a loyalty rewards tracker, and doubles as an inventory-management tool.

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NewsDecember 5, 2017

Used Vehicle Index Rises for Third Straight Month

Black Book’s monthly analysis shows used-vehicle values are closing out the final quarter of 2017 with continued strength.

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NewsDecember 5, 2017

AutoGravity Names Wang as CTO

AutoGravity’s Sheng Wang has been appointed to chief technology officer after serving as the fintech provider’s first product director.

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NewsDecember 5, 2017

Fastlane Plans 2018 Launch for Ecommerce Solution

Fastlane has announced plans to offer its online car-buying platform to independent and pre-owned dealers starting in January.

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NewsDecember 4, 2017

KBB: Average Transaction Price Reaches Record High in November

New-vehicle transaction prices are being driven higher by the shifting sales mix away from cars. Ford’s strong mix of F-Series Super Duty sales for the month helped drive up the automaker’s average transaction price by nearly 3%.

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NewsDecember 4, 2017

International Brands Gain Ground in November

U.S. sales of international vehicles were up in November, outperforming a plateauing market, according to the latest report from the American International Automobile Dealers Association.

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NewsDecember 4, 2017

Auto/Mate Integrates With DealerFenix

Auto/Mate Dealership Systems’ DMS is now integrated with DealerFenix’s reporting and workflow automation system.

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NewsNovember 30, 2017

Volvo Announces Subscription Service for 2019 XC40

Volvo Cars used this week’s AutoMobility LA and the Los Angeles Auto Show to debut its 2019 XC40 and a new subscription service for its new compact SUV.

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NewsNovember 30, 2017

Dealership Transaction Values Hit Record Levels

The latest Blue Sky report from Kerrigan Advisors finds the dealership buy/sell market remains highly active as concerns about disruptive technology drive dealers to sell.

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