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NEW YORK — Chase became the first national bank to join AutoFi’s digital retailing platform, the finance source announced today. AutoFi is a fintech firm that offers a digital retailing platform that connects dealers with finance sources and buyers. Under the new partnership, Chase will deliver financing terms online through the AutoFi platform. “AutoFi helps ... Read More »
Read More →HOUSTON — InterActiveTel announced that industry veteran Jeff Bounds has joined the company as its new director of business development. Bounds will use his two decades of dealership experience to explore and develop new business relationships between InterActiveTel and manufacturers, large dealer groups and partner companies, according to the announcement. Bounds comes to the position ... Read More »
Read More →TYSONS, Va. — Michael J. Stanton Jr. has returned to the National Automobile Dealers Association (NADA) as senior vice president and chief operating officer, the trade group announced today. Stanton will work across the organization on strategic and operational issues and the development of new business opportunities. He will oversee the information technology and economics ... Read More »
Read More →NORTH HILLS, N.Y. — Integrated dealership technologies provider Dealertrack (div. Cox Automotive) has released its 2018 Compliance Guide, which outlines the changes and updates in compliance that will affect dealers in 2018. Now in its 13th year, the Compliance Guide is a popular resource on current trends and best practices in F&I compliance. “Dealers understand ... Read More »
Read More →IRVINE, Calif. — Consumers want to finance their vehicle online and doing so significantly improves their overall car-buying experience and perception of the dealership they buy from, according to a new survey from SpringboardAuto. The survey, conducted among consumers who have recently financed a vehicle online with SpringboardAuto for the purchase of a vehicle from ... Read More »
Read More →ATLANTA — Manheim is continuing to align its assets to best serve the needs of its clients and is expanding the role of Derek Hansen as vice president of offsite solutions, effective immediately, the company announced. In Hansen’s expanded role, all digital and mobile offsite solutions are organized under the vision of one leader — ... Read More »
Read More →LAS VEGAS — Vehicle intelligence provider Spireon Inc. will demonstrate new mobility-as-a-service (MaaS) capabilities with its Kahu solution at the International Consumer Electronics Show (CES) in Las Vegas, which starts today and runs through Jan. 12. The demo features Drive on Demand, a new carsharing service designed to allow dealers to offer customers an affordable ... Read More »
Read More →IRVINE, Calif. — Fintech firm AutoGravity has added Audi Financial Services to its car-shopping and financing platform, which allows car buyers to find their chosen Audi at the dealership of their choice and arrange financing in four easy steps, according to the company. Audi dealers are also expected to benefit from the partnership, providing them with a new ... Read More »
Read More →ST. LOUIS – Dent Wizard International is expanding beyond the appearance protection menu offerings it’s known for with the introduction of three new F&I programs. The new lineup begins with AlwaysNu, which features base coverage for road hazard tire-and-wheel, cosmetic wheel repair, roadside assistance service and rental car reimbursement of up to $50 per day. ... Read More »
Read More →IRVINE, Calif. — Average transaction prices closed the year on a strong note, rising nearly 2% in December to a record high of $36,113, Kelley Blue Book (KBB) reported last week. The increase from the year-ago average was actually 1.6%, or $583. Compared to November, December’s average transaction price was up $66, or 0.2%. “Incentive ... Read More »
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