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Newsby AE eMagazineOctober 14, 2015

Westlake Financial Services Partners with RouteOne

LOS ANGELES – Westlake Financial Services, a technology-driven auto finance company, announces its availability on RouteOne’s eContracting platform, which streamlines processes to a rapidly growing list of dealers nationwide, reports Business Wire. Westlake Financial is a tech-savvy company constantly implementing cost-saving and innovative technology-based initiatives to foster business and meet the demands of its expanding customer ... Read More »

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Newsby AE eMagazineOctober 14, 2015

StoneEagle Integrates with Auto/Mate DMS

ALBANY — StoneEagle has completed integration with Auto/Mate’s Dealership Management System (DMS), the companies announced this week. Dealer groups using Auto/Mate’s DMS and StoneEagle’s web-based applications will now benefit from seamless and real-time data updates in both systems. “Auto/Mate believes that the more technology vendors we integrate with, the more choices our dealers have, allowing ... Read More »

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Newsby AE eMagazineOctober 13, 2015

Kelley Blue Book Adds Self-Service Portal for Mass Vehicle Valuations

IRVINE, Calif. — Kelley Blue Book now offers its customers a new self-service interface for easy access to new and used-car Kelley Blue Book Values and configuration data by vehicle identification number (VIN) within its suite of business-to-business solutions. Kelley Blue Book Values incorporate more than 250 sources. Using flexible file formats, customers can quickly ... Read More »

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Newsby AE eMagazineOctober 13, 2015

VW Will Cut Spending By $1 Billion, Launch All-Electric Phaeton in EV push

MUNICH — Volkswagen Group said it will reduce investment spending at the VW brand by 1 billion euros ($1.1 billion) a year, as well as switch to a different diesel emissions treatment technology and launch an all-electric Phaeton sedan as the flagship for a new focus on electrification, reports Automotive News. VW will increase its ... Read More »

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Newsby AE eMagazineOctober 13, 2015

Depreciation On Pace to Reach 14% by Year-End, Black Book Reports

LAWRENCEVILLE, Ga. — The average price of a used vehicle for model years 2010-2014, according to Black Book, declined 1.5% in September, relatively unchanged from the 1.6% decline in August. Cars declined 2.3%, while trucks declined just 1% during the month. According to the firm, average depreciation should approach pre-recession levels (between 15% and 18%) ... Read More »

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Newsby AE eMagazineOctober 13, 2015

SouthwestRe Introduces the First Automotive Multi-Guard Protection Plan

ALBUQUERQUE, N.M.  – As most drivers know, an unexpected road hazard can damage tires and wheels, and ding a windshield in an instant. By the same token, a rolling shopping cart can quickly dent a car door. To help drivers guard against these problems, SouthwestRe announced today the release of a brand new product: the ... Read More »

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Newsby AE eMagazineOctober 9, 2015

Q3 Used-Car Market Remains Strong, Manheim Reports

ATLANTA — With wholesale used-vehicle prices increasing in September for the fourth consecutive month, wholesale pricing remains one of strength and stability. This brought the Manheim Used Vehicle Value Index — a measure of wholesale prices adjusted for mix, mileage and season — to a reading of 124.8 in September, representing an increase of 2.8% ... Read More »

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Newsby AE eMagazineOctober 9, 2015

SmartAuction Hits Five Million Sales Milestone

DETROIT — Ally Financial has announced that five million vehicles have been sold on SmartAuction, its online auction platform. To celebrate the milestone, Ally held a special auction for the five-millionth vehicle, with proceeds promised to the auction winner’s selected charities. Classic Chevrolet of Grapevine, Texas, won the vehicle with a bid of approximately $180,000, ... Read More »

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Newsby AE eMagazineOctober 7, 2015

National Automotive Experts Honored By Cleveland Christian Home

Cleveland Christian Home (CCH) celebrated its Homecoming with an Awards Luncheon and Open House event on Saturday, October 3, 2015. Many of CCH’s warm-hearted supporters braved the cool and rainy morning to help celebrate a few of its special friends and generous donors with an honorary luncheon.  Attendees also had the opportunity to tour the CCH ... Read More »

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