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ARLINGTON, Texas — The National Indepedent Dealers Association’s member services division has created a new partnership program designed to offer members a wider array of companies whose products and services they can trust, according to an association announcement. “This new affinity partnership initiative focuses on firms that serve certain segments of the insurance/financial services markets as ... Read More »
Read More →MARKHAM, Ontario — CIBC has joined RouteOne Canada’s auto financing portal, the companies announced this week. Participating dealers who have a relationship with CIBC can now process credit applications and finance contracts through RouteOne. “Our goal is to deliver dealers a product that provides options that best suit their individual business needs,” said Barry McMillan, ... Read More »
Read More →ATLANTA — Nearly half of consumers (48%) prioritize in-vehicle technology over brand and body style, according to the 2017 Autotrader Car Tech Impact Study. Released on Sunday at the 2017 North American International Auto Show, the report showed a growing number of consumers believe certain safety technologies, including blind-spot detection and forward collision warning, should ... Read More »
Read More →ATLANTA — Wholesale used-vehicle prices on a mix-, mileage-, and seasonally adjusted basis increased by 0.2% in December, according to Manheim. Compared to December 2015, the Manheim Used Vehicle Value Index declined 0.6% to 124.9. For 2016 as a whole, the Manheim Index came in at 125.1, up 0.3% over the year prior and the third ... Read More »
Read More →IRVINE, Calif. — Digital automotive services provider Autobytel Inc. last week completed the sale of its specialty finance leads product to Internet Brands Inc. In 2015, Autobytel’s specialty leads product generated $6.5 million in revenue with $0.5 million of contribution to operating income. For 2016, those numbers are expected to come in at $6.4 million ... Read More »
Read More →LAS VEGAS — Organizers of the annual Agent Summit announced that Randy Crisorio, president and CEO of United Development Systems Inc. (UDS), will serve a fifth consecutive term as advisory board chair. The 2017 event is scheduled for May 21–24 at Paris Las Vegas. “As an experienced and accomplished agent, Randy has his thumb on the pulse ... Read More »
Read More →WASINGTON, D.C. — The Consumer Financial Protection Bureau (CFPB) this week took action against Equifax and TransUnion, ordering the two credit reporting agencies and their subsidiaries to pay more than $17.6 million in restitution for deceiving consumers about the usefulness and actual cost of credit scores they sold to consumers. The two firms were also ... Read More »
Read More →IRVINE, Calif. — The estimated average transaction price for light vehicles in the United States reached an all-time record high of $35,309 in December, according to Kelley Blue Book (KBB). This increase, the auto firm added, amounted to a 1.5% increase over the same time last year. Virtually all vehicle OEM recorded increases in average transaction prices, with ... Read More »
Read More →WILKES-BARRE, Penn. – GWC Warranty, a best-in-class provider of used vehicle service contracts and related finance and insurance products sold through automotive dealers, has named Adam Cappucci as its new Agency Channel Manager. In this role, Cappucci will act as the primary GWC liaison with automotive agents and their dealers to deliver programs and services designed to ... Read More »
Read More →WILKES-BARRE, Penn. – GWC Warranty, the best-in-class provider of used vehicle service contracts and related finance and insurance products 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 ... Read More »
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