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WASHINGTON, D.C. — It is rare when the auto finance industry applauds the Consumer Financial Protection Bureau for finalizing a rule, but that’s what happened today when the bureau finalized its small-dollar lending rule. The bureau said its rule is aimed at stopping payday debt traps “by requiring lenders to determine upfront whether people can ... Read More »
Read More →DANA POINT, Calif. — The National Automobile Dealers Association’s (NADA) 63-member board of directors elected Wes Lutz as chairman for the 2018 term, the association announced. The election took place at NADA’s board meeting in Dana Point, Calif., on Oct. 3. The new term officially begins at the 2018 NADA Show in Las Vegas next ... Read More »
Read More →HOFFMAN ESTATES, Ill. — CDK Global today announced a strategic relationship with online automotive marketplace CarGurus. Through this collaboration, users of CDK websites will gain exposure for their inventory on CarGurus.com as well as leads from CarGurus shoppers. CDK will also leverage CarGurus’ anonymized, aggregated data in its suite of automotive digital marketing solutions, allowing ... Read More »
Read More →OAK PARK, Ill. — Environmental protection products distributor Diamondbrite N.A. and Universal Lenders LLC, creator of The Zero Plan, announce that they will be working together to offer financing solutions to auto dealers. According to officials, the partnership will allow dealers to provide their customers who purchase Diamondbrite N.A. products, including lifetime warranted paint, fabric, ... Read More »
Read More →LAWRENCEVILLE, Ga. — The replacement of the up to 500,000 vehicles damaged by Hurricane Harvey began last month, fueling the largest single-month increase in Black Book’s Used Vehicle Retention Index since March 2012. The index increased from 112.6 to 113.9, with compact cars (up 2.8%), compact crossover SUVs (up 2.4%), full-size cars (up 2.5%), and ... Read More »
Read More →INDIANAPOLIS — New data from thousands of consumer profiles studied by PERQ for the firm’s most recent Car Buyer Insights Report questions key assumptions about dealership website visitor behavior, from where these consumers are in the buying cycle to how they prefer to be communicated with, and with what content. Among the topline findings are that, despite ... Read More »
Read More →ALBANY, N.Y. — Auto/Mate Dealership Systems’ dealer management system is now fully integrated with Oplogic’s Dealer Operator CRM solution. Dealers using both offerings will benefit from the increased sales and operations intelligence shared in real time between the two systems. “Oplogic offers a comprehensive product suite to manage leads and customer contacts to increase sales; ... Read More »
Read More →SALT LAKE CITY, Utah – Alpha Warranty Services today announced it was named to the 2017 Utah 100, MountainWest Capital Network (MWCN)’s annual list of the fastest-growing companies in Utah. Alpha ranked No. 51 out of 100 companies and was honored at the 23rd annual Utah 100 Awards program, held at the Grand America Hotel ... Read More »
Read More →ATLANTA — Cox Automotive named Patrick Brennan as senior vice president of Inventory Solutions, marketplace, following the recent promotion of Grace Huang to president of the company’s Inventory Solutions Group. In this newly titled role, which reflects the company’s commitment to transform its operations into an all-inclusive, 24/7 seamless marketplace, Brennan will lead auction and ... Read More »
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