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Newsby AE eMagazineDecember 23, 2015

Ford and Google to Partner on Self-Driving Cars

DETROIT, MI – In a strategic partnership between a tech giant and an automaker, Google and Ford Motor Co. will pair on an autonomous vehicle-building project, according to a report in Yahoo Autos. Citing sources familiar with the plans, the report says that the joint venture will be announced by Ford at the Consumer Electronics ... Read More »

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Newsby AE eMagazineDecember 23, 2015

Provision in New Tax Bill May Benefit Dealers

WASHINGTON, D.C. — Congress recently passed the “Protecting Americans from Tax Hikes Act of 2015,” a $622 billion tax bill that will allow dealers and their customers to expense a larger portion of business equipment purchases, according to a release from the National Automobile Dealer Association. The NADA said the provisions included in the Act ... Read More »

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Newsby AE eMagazineDecember 17, 2015

CornerStone Hires New Executives to Support Current Business and Expansion into the Auto Market

HICKORY, N.C. – CornerStone United, the most established consumer warranty programs administrator in the US and Canada, today announced the hiring of three seasoned industry experts to lead the company’s further expansion into the automotive market. “We see the largest opportunity for future expansion to be in the auto sector,” said Richard Swartzel, President, CornerStone ... Read More »

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Newsby AE eMagazineDecember 17, 2015

Wolters Kluwer Financial Services Adds F&I Express eContracting To AppOne, Creating Comprehensive Auto Finance Platform For Dealers

Wolters Kluwer Financial Services announced today it has teamed with F&I Express, a leading provider of digital F&I aftermarket product solutions to automotive dealers nationwide, to integrate F&I Express® eContracting with its AppOne indirect loan origination platform. The joint solution creates a comprehensive auto finance platform for dealers to originate compliant auto loans, verify pricing ... Read More »

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Newsby AE eMagazineDecember 16, 2015

Dealer.com Joins Bing Ads Elite Partner Program and Yahoo Gemini

BURLINGTON, Vt.  — Dealer.com has joined the New Bing Ads Elite SMB Partner program and expanded its relationship with the Yahoo Preferred Partner Program, the company announced this week. In order to be in the Bing Elite SMB Partner program, partners need to have proven and trusted expertise in driving growth to small- and medium-sized ... Read More »

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Newsby AE eMagazineDecember 15, 2015

New-Vehicle Registrations Return to Prerecession Levels

SCHAUMBURG, Ill. — New-vehicle registration volumes for light-duty vehicles reached the highest point in nine years, with more than 17 million new vehicles registered within the United States between Nov. 1, 2014 and Oct. 31, 2015, according to Experian Automotive. The highest number of new registration volumes on record was 17.4 million in 2006, while ... Read More »

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Newsby AE eMagazineDecember 15, 2015

Ally Gains eContracting Capabilities Through RouteOne

FARMINGTON HILLS, Mich. — Ally Financial is the latest finance source to add full econtracting capabilities, including electronic contract validation, signature and distribution, through RouteOne’s indirect auto finance platform. “Econtracting provides a variety of benefits to our dealers and streamlines the transaction for the consumer,” said Tim Russi, president of auto finance at Ally. “Ally ... Read More »

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Newsby AE eMagazineDecember 14, 2015

U.S. Brands Tap European Auto Recovery as Volkswagen Left Behind

European car sales rose 13.7 percent in November, according to industry data published on Tuesday, with U.S. brands recording strong gains as Volkswagen continued to pay the price of its diesel emissions test-rigging scandal, reports Reuters. Registrations rose to 1.12 million cars last month from 989,758 a year earlier, the Brussels-based Association of European Carmakers ... Read More »

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Newsby AE eMagazineDecember 14, 2015

Hyundai Motor Chairman Says Auto Market 2016 Outlook ‘Not Bright’

The outlook for the global auto market is “not bright” next year, Hyundai Motor Group Chairman Chung Mong-koo said on Tuesday, indicating 2016 will be another challenging year for the world’s fifth-largest automaker, reports Reuters. Speaking to the heads of the automaker’s overseas units, Chung said growth this year was constrained by a weak global ... Read More »

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Newsby AE eMagazineDecember 13, 2015

S.C. GAP Law Takes Effect

COLUMBIA, S.C. — As of Dec. 1, F&I offices operating in the state have a new set of rules to follow when selling guaranteed asset protection (GAP). While the new law mainly clarifies what GAP is and does, it also defines when the protection can be sold. The state’s Guaranteed Asset Protection Act requires that ... Read More »

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