News

New-Vehicle SAAR Falls Below 17 Million in August, Manheim Reports

ATLANTA — The seasonally adjusted annual rate (SAAR) for new vehicles fell below 17 million for the second time this year in August, according to Manheim. The firm, however, said the drop should not be cause for concern, noting that it “may be a good think.” A lower SAAR, the company stated, points to manufacturers ... Read More »

4 Automotive Marketing Firms Merge

NAPLES, Fla. — TimeHighway.com has merged with Peak Performance, Dealer Product Services and OneCommand, the company announced today. Together, the companies will be called Affinitiv. The combined company will offer a combination of predictive analytics, integrated technology, and in-field experts to help OEMs and dealer clients retain customers, build loyalty and drive sales, according to ... Read More »

TEGNA to Spin Off Cars.com

MCLEAN, Va. — Cars.com is going public, the firm’s parent company, TEGNA Inc., announced on Wednesday. According to its announcement, the digital automotive marketplace will be spun off, creating two independent publicly traded companies. TEGNA, which was called Gannett until it spun off its newspaper business last year, is the largest broadcast station group among ... Read More »

Five Star Ford of Lewisville Wins F&I Dealer of the Year Award

LAS VEGAS — Sam Pack’s Five Star Ford of Lewisville (Texas) was named F&I and Showroom’s 2016 F&I Dealer of the Year. Sponsored by The Warranty Group for the sixth consecutive year, the award was handed out last Wednesday, Aug. 31, during the magazine’s annual conference in Las Vegas. Accepting the award on behalf of the ... Read More »

New Portfolio Edge Program Reinsures Service Drive Warranties

Lake Forest, Calif. – Portfolio, one of the nation’s leading reinsurance program managers for automotive dealers, has launched Portfolio Edge, a program to extend coverage on the manufacturer’s parts and labor warranties for repairs in dealership service drives, and then reinsure the extended coverage contracts to the dealer’s Affiliated Reinsurance Company. Portfolio Edge comes with ... Read More »

Innovative Aftermarket Systems (IAS) Appoints Bob Corbin as Executive Chairman and Taps Patrick Brown as the Company's New President and CEO

Austin, Texas – IAS, a leading provider of F&I solutions to the automotive industry, today announced that Patrick Brown has joined the company as president and CEO effective September 12, 2016. Mr. Brown succeeds longtime IAS executive Bob Corbin who has been with the company since 2000. Mr. Corbin will continue to play a key ... Read More »

PALS 2016 Sets New Records

LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced that the 2016 event, held last week at Paris Las Vegas, set a new record for attendance and earned high praise in early reviews. “Our pride in organizing and holding a successful show is matched only by our pride in its year-over-year growth,” said David ... Read More »

E-Credit Express Lender Management Platform Enhanced with NADA Used Car Guide’s Trusted Vehicle Values

MCLEAN, Va., – E-Credit Express (ECE) — a fully patented, automated, online lender management platform (LMP) that connects dealers to over 1,300 lenders instantly — has recently entered into an agreement with NADA Used Car Guide — the leading provider of used vehicle values — to speed up the used vehicle sale and loan approval ... Read More »

Compliance Summit Wins Big in Vegas

Dealertrack and F&I Express Expand Relationship to Deliver Improved Workflow Solutions For the Automotive Retail Market

Lake Success, N.Y.– Dealertrack and F&I Express announced today they have strengthened their partnership through the introduction of F&I Express’ Express Recoveries Solution. The offering provides lenders and consumers a refund of the unused portion of their aftermarket contracts. The service will be available through Dealertrack to lenders on October 1, 2016. “The Express Recoveries ... Read More »