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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 »
Read More →CHICAGO — Cars.com and news media provider McClatchy announced an agreement to convert the remaining 17 affiliate markets into the Cars.com direct sales channel prior to the October 2019 affiliate agreement expiration date. The agreement follows an earlier November 2017 initial accord to convert five markets. The new agreement includes marketing support payments through 2019, ... Read More »
Read More →DALLAS — StoneEagle announced the appointment of Cindy Allen as the company’s new CEO. Cindy will be responsible for driving the company, and innovative F&I solutions, to the next level, building on the momentum achieved by the StoneEagle team under Bobby Allen’s leadership, according to the announcement. Since founding the company in 1987 and devoting ... Read More »
Read More →OAKBROOK TERRACE, Ill. — With consumer identity data more fragmented than ever, thanks to siloed data collection and the omnichannel buying environment, one of marketers’ biggest challenges is to continue upping the game on delivering a personalized, relevant customer experience. So say the consumer identity management experts at Infutor, who listed five trends impacting the ... Read More »
Read More →GRAPEVINE, Texas – F&I Express® and F&I Administration Solutions LLC (F&I Admin) are expanding their relationship to help lenders, F&I product providers and dealerships improve their aftermarket product cancellation performance and compliance. The integration of F&I Express and F&I Admin addresses the issues that have come forward in recent months about major problems lenders are encountering ... Read More »
Read More →SALT LAKE CITY, Utah – PermaPlate, a leading source of automotive protection products and world-class warranty administration, announced a new addition to the company’s Information Technology team. Michael Stevens was named VP of Technology. In his new role, Stevens will assess existing and new technology in conjunction with the needs of PermaPlate, and its affiliates, ... Read More »
Read More →WILKES-BARRE, Penn. – GWC Warranty, the best-in-class provider of used vehicle service contracts sold through automotive dealers, recently completed a toy drive to benefit the annual toy shop at Geisinger Health System’s Janet Weis Children’s Hospital. Thanks to toy and monetary donations from GWC Warranty employees across the country, on Tuesday, December 19, GWC donated hundreds ... Read More »
Read More →FT. WAYNE, Ind.- VisionMenu releases Paperless Deal Jacket – the first paperless and digital form eSigning and storage system that works with any DMS. Using Paperless Deal Jacket, any form may be signed while the customer is at the dealership OR remotely using the customer’s smartphone. This is facilitated using VisionMenu’s “patent pending” technology vSignature. ... Read More »
Read More →ATLANTA — Add Cox Automotive to the growing list of tech vendors and dealers alleging that CDK and Reynolds and Reynolds Co. conspired to eliminate competition for data integration services and seize control over dealer and third-party data. On Monday, Cox Automotive and its subsidiaries filed suit in the U.S. District Court for the Western District of ... Read More »
Read More →CHICAGO — The overall consumer credit market is projected to remain on a healthy trajectory in 2018, but the expected growth in credit balances should be viewed as a reflection of consumer sentiment toward the economy than an indicator of consumers struggling to keep up with their obligations, TransUnion said this week. The year should ... Read More »
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