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Newsby AE eMagazineFebruary 9, 2017

GSFSGroup® Names Jeff M. Parent New President

HOUSTON – GSFSGroup announced the appointment of Jeff M. Parent as President on February 1, 2017. Jeff succeeds Steve Amos, who is retiring after a nine year tenure as President. Under his leadership, GSFSGroup became a nationwide provider of all five participation structures to dealers. In addition, he championed the launch of eContracting and Dealer Executive Dashboard, a flexible online data solution ... Read More »

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Newsby AE eMagazineFebruary 9, 2017

CNA National Appoints New V.P. of Product Development

SCOTTSDALE, Ariz.—Effective January 23, Rose Larsen joined CNA National as vice president of its newly created Product Development Department. Larsen has over 20 years of experience with product formulation, life cycle management, market trend analysis and branding. She spent over nine years with Assurant Specialty Property overseeing product development for eighteen states. Most recently, she ... Read More »

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Newsby AE eMagazineFebruary 7, 2017

President Trump Orders Review of Dodd-Frank

WASHINGTON, D.C. — President Donald Trump took his first step toward making good on his promise to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act, signing on Friday an executive order directing the secretary of the Treasury to review the 2010 financial oversight law. The order directs the Treasury secretary to consult with ... Read More »

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Newsby AE eMagazineFebruary 7, 2017

Senate Republicans Introduce CFPB-Restructuring Bill

WASHINGTON, D.C. — U.S. Senator Deb Fischer (R-Neb.) reintroduced on Jan. 11 legislation aimed at replacing the director of the Consumer Financial Protection Bureau with a five-member bipartisan board. The bill was introduced just as Congressional Democrats and state regulators pledged to defend the bureau against attacks from the Trump administration. This is the third ... Read More »

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Newsby AE eMagazineFebruary 7, 2017

AutoNation Promotes Berman to President

FORT LAUDERDALE, Fla. — AutoNation Inc. announced promotions for William “Bill” Berman, Marc Cannon and Donna Parlapiano. A 30-year auto retail veteran who had served as executive vice president and COO since 2015, Berman was named president and COO. Mike Jackson remains the company’s chairman and CEO. “Bill is an outstanding and exceptional leader whose proven track record and ... Read More »

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Newsby AE eMagazineFebruary 7, 2017

Pearl Technology Completes Integration With RouteOne

DALLAS — Pearl Technology Holdings LLC today announced that its ShowroomXpress (SRX) digital retail platform is now integrated with RouteOne, allowing dealers to offer vehicle buyers a true streamlined express retail experience. The integration enables consumers to complete a purchase online or in the showroom. And through RouteOne’s online credit application and econtracting platform, ShowroomXpress will now give ... Read More »

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Newsby AE eMagazineFebruary 7, 2017

Average Transaction Price Rises in January

IRVINE, Calif. — The average transaction for a new vehicle increased by $1,123, or 3.3%, from a year ago to $34,968, according to Kelley Blue Book estimates. The average, however, was down by $453, or 1.3%, from December 2016. Driving the year-over-year strength in pricing was a sales mix in favor of utility vehicles, with ... Read More »

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Newsby AE eMagazineFebruary 7, 2017

Ford Relaunches Commercial Vehicle Dealer Program

DEARBORN, Mich. — Ford is launching the Commercial Vehicle Center dealer program to replace the Business Preferred Network (BPN). According to officials, the new program  offers improved service, better parts availability and a new loyalty program. The program is rolling out at 650 of Ford’s more than 3,000 dealers in the United States and replaces a program ... Read More »

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Newsby AE eMagazineFebruary 7, 2017

Lease Volume Reaches Record High in 2016, Edmunds Reports

SANTA MONICA, Calif. — Automotive lease volume reached an all-time high of 4.3 million vehicles in 2016, according to the latest Lease Market Report from Edmunds, account for 31% of new-vehicle sales in 2016. That’s up from 29% in 2015. Over the past five years, lease volume has grown by 91%. And as the popularity ... Read More »

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Newsby AE eMagazineFebruary 7, 2017

Last Chance: Podium to Present Webinar on Online Review Management

TORRANCE, Calif. — On Thursday, February 16, 2017, at 11:00 PT/2:00 p.m. ET, Podium will host a free webinar “7 Quick ways to drive purchase decisions with online reviews,” with Director of Automotive Sales Dan Wright and Vice President of Marketing Nico Dato. We all know that selling cars is a competitive business, so standing out ... Read More »

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