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Newsby AE eMagazineFebruary 8, 2018

Manheim: Wholesale Prices Decline for Third Straight Month

ATLANTA — Wholesale used-vehicle prices decreased 0.74% month over month in January. This brought the Manheim Used Vehicle Value Index to 131.0, a 4.9% increase from a year ago but the lowest level since last July. On a year-over-year basis, all major market segments except midsize cars saw gains. Luxury cars, pickups, and vans outperformed ... Read More »

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Newsby AE eMagazineFebruary 7, 2018

Pearl Launches Rapid Proactive Messaging

DALLAS — Pearl Technology Holdings LLC announced the release of Rapid Proactive Messaging (RPM), a personalized marketing platform that delivers real-time alerts of engaged prospects to dealership personnel for follow up via text, phone or email. RPM is integrated into all Pearl products, including VehicleXchange, allowing dealership salespeople to connect directly with their best sales ... Read More »

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Newsby AE eMagazineFebruary 7, 2018

Black Book: Index Falls 1.2% to 113.1 in January

LAWRENCEVILLE, Ga. — Black Book’s Used Vehicle Retention Index fell only 1.2% year-over-year in January to a 113.1 reading for the month. The firm had expected a larger decline. Anil Goyal, executive vice president of operations for Black Book, said the expectation was based on the lift in wholesale values due to replacement activity linked ... Read More »

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Newsby AE eMagazineFebruary 7, 2018

Xtime: Mobile Appointments Up 56% in 2017

REDWOOD CITY, Calif. — Retention solutions provider Xtime has released its proprietary statistics of dealership mobile activity for 2017. Analysts found that, in 2017, mobile service appointments increased by 56% and desktop appointments increased by 5%. Nearly one-quarter (22%) of online service appointments were made after hours, making this a critical feature for dealers, according ... Read More »

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Newsby AE eMagazineJanuary 30, 2018

American Guardian Announces 2018 Growth Plan, Promotion of Key Executives

WARRENVILLE, Ill. — F&I product provider American Guardian Warranty Services Inc. (AGWS) announced the promotion of several key executives, including the appointment of Jon A. Anderson as president and COO. The moves are part of the company’s 2018 plan to grow its marketer base, revenue, and service team. The company also revealed plans to significantly ... Read More »

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