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Newsby AE eMagazineMay 3, 2018

USEA to Pay Bonuses to F&I Managers

ORLANDO, Fla. — US Equity Advantage (USEA) has launched a new performance-based rewards program that offers finance managers at partner dealerships the opportunity to make bonus income in addition to their standard commissions. The program includes a “QuickStart” incentive program for new finance managers to accelerate their introduction to the program. The goal of the ... Read More »

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Newsby AE eMagazineMay 3, 2018

EasyCare Adds Connected Car Expert

NORCROSS, Ga. — Connected car expert Bob Dziadosz has joined EasyCare as a dealer performance driver. The Boston-area native and Babson College graduate is based in New England, where he is already working with dealers to introduce SAVY, EasyCare’s dealer-branded mobile app suite designed to bridge the gap between the customer’s online and in-store car-buying ... Read More »

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Newsby AE eMagazineMay 3, 2018

Dent Wizard Announces New COO, Mid-South RVP

ST. LOUIS — F&I product provider Dent Wizard International has promoted Addison Thomas to COO and Doug Grill to Thomas’ previous position as regional vice president of Dent Wizard’s Mid-South region. These promotions come after Mike Black was promoted to CEO April 1. Thomas will assume Black’s COO responsibilities and lead the core service operations ... Read More »

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Newsby AE eMagazineMay 1, 2018

Voting Opens for 2018 Dealers’ Choice Awards

TORRANCE, Calif. — The publishers of Auto Dealer Today announced that voting for the 2018 Dealers’ Choice Awards will begin tomorrow and continue through May 31, 2018. The annual program was designed to recognize the industry’s best vendors, suppliers, and finance sources based on an online survey open only to dealers and dealership professionals. Voters can click here to ... Read More »

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Newsby AE eMagazineApril 26, 2018

ProMax Sold to Private Equity Firm

DAVENPORT, Iowa — Two weeks ago, John Palmer, who founded ProMax in 1994 as a special finance solutions provider, posted the following message: “I want to let all my friends and associates in the auto industry know that, after 23 amazing and wonderful years, I have sold ProMax.” Today, SNH Capital Partners, a San Diego, ... Read More »

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Newsby AE eMagazineApril 11, 2018

AutoGravity Partners With Westbon

IRVINE, Calif. — Fintech provider AutoGravity announced a partnership with Westbon, a lending platform for international students in the United States. Through this unique partnership, Westbon financing options are now accessible to international students who use AutoGravity to finance their vehicle in the U.S. “Car buyers are looking for a faster and simpler car financing process,” ... Read More »

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Newsby AE eMagazineApril 11, 2018

Wells Fargo Reviewing F&I Products as Regulatory Pressure Builds

SAN FRANCISCO — Wells Fargo is reviewing all F&I products customers opt to include in vehicle finance contracts the bank purchases from dealers to “improve processes for our consumer and dealer customers and to remain competitive in the market,” bank officials said in a statement. The statement was issued to F&I and Showroom in response to questions ... Read More »

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Newsby AE eMagazineApril 11, 2018

AUL Corp. Completes SOC 2 Certification

NAPA, Calif. — For the second year in a row, vehicle service contract administrator AUL Corp. has completed all the requirements for Systems and Organizations Control (SOC) 2 Type II Audit for calendar year 2018. Completed by independent accounting auditor Armanino, the certification confirms AUL’s processes and systems are in accordance with the selected Institute ... Read More »

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Newsby AE eMagazineApril 10, 2018

Auto/Mate Adds Credit Card Processing

ALBANY, N.Y. — Auto/Mate Dealership Systems has added a new credit card processing feature to its dealership management system, the company announced. Credit Card Processing from Worldpay (formerly Vantiv) integrates the Worldpay credit card device and merchant services into Auto/Mate’s “Cashiering” features in its parts, service, and general cash receipts modules. Executives said the integration ... Read More »

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Newsby AE eMagazineApril 10, 2018

NextGear Offers Expedited Funding Process

CARMEL, Ind. — To save time and speed up the funding process for dealers purchasing vehicles through non-auction channels, NextGear Capital is introducing expedited funding on notice of title via “Rapid Pay,” a feature accessible through NextGear’s Account Portal and available on any mobile device, the company announced. Billed as an industry first, Rapid Pay’s expedited funding feature was designed to ... Read More »

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