News

National Automotive Experts Recieves Innovation Award

STRONGSVILLE, Ohio – National Automotive Experts / NWAN (NAE/NWAN) was one of three Strongsville, Ohio companies to be presented with the city’s 2016 Innovation Award. The Strongsville Innovation Award is presented annually to select companies that demonstrate continued growth, investment and innovation within the community. Mike Daymut, City Councilman and Chair of the Strongsville Economic ... Read More »

Auto/Mate Wins Seventh Consecutive ‘Best Place to Work’ Award

ALBANY, N.Y. — Auto/Mate Dealership Systems was recognized as one of the 30 “Best Places to Work” in New York State’s Capital region by the Albany Business Review, the seventh consecutive year that the company has won the award, the Auto/Mate announcement added. “The first few years we won this award we ranked in the small-business category, ... Read More »

AE Launches New Blog by Rick McCormick

EasyCare Appoints Steven Spivey as Director of New Agency Business Development

NORCROSS, Ga. – EasyCare, the leading provider of automotive F&I benefits, and dealer solutions that drive customer engagement and retention, announces the addition of Steven Spivey as Director of New Business Development. Spivey brings over 21 years of experience in implementing innovative training and professional development programs in the automotive industry. His background includes over ... Read More »

Federal Appeals Court Rules CFPB Structure Unconstitutional

WASHINGTON, D.C. — On Tuesday, a federal appeals court ruled that the structure of the Consumer Financial Protection Bureau is unconstitutional. The appellant court’s main issue is the bureau’s single-director structure, which it found to possess “enormous power over American business, American consumers, and the overall U.S. economy.” The U.S. Court of Appeals for the ... Read More »

Dealertrack: Millennial Stereotypes Aren’t Entirely True

LAKE SUCCESS, N.Y. — The perception that millennials — consumers ages 18-34 — are content with a carless, ride-hailing life may not be true after all, at least according to new data from Dealertrack. In 2015, a record-setting sales year, millennials accounted for 34.6% of all auto loans originated through the Dealertrack platform, according to the ... Read More »

DRIVIN Launches Marketplace Platform

CHICAGO — This week, DRIVIN, a data-driven service that helps dealers sell, source, acquire, and deliver used vehicles, announced the launch of the DRIVIN Marketplace. Through this marketplace, dealers can list and remarket unwanted invenstory at wholesale prices to their established network of dealers. The service will then match and recommend the listed inventory to ... Read More »

Manheim Vehicle Solutions Gets New Senior VP

ATLANTA — Cox Automotive has appointed Joe George as senior vice president of Manheim Vehicle Solutions. He will be responsible for strategy to execution, driving the wholesale and retail solutions long-term plan related to reconditioning, imaging purchase protection and inspections. Effective Oct. 17, George will report to Janet Barnard, president of Cox Automotive Inventory Solutions. ... Read More »

New York Increases Surety Bond Amount for the State’s Used-Vehicle Dealers

NEW YORK — On Sept. 29, Governor Andrew Cuomo signed into law a piece of legislation that will increase the surety bond amounts required for used-vehicle dealers to become licensed. The new requirement will take effect on March 28, 2017. “The previous bond amount was insufficient to protect consumers,” said Josh Kayser, CEO of SuretyBonds.com. “There’s ... Read More »

NADA: Supply, Incentives Driving Down Retention Rates

MCLEAN, Va. — Through September, retention rates for most model-year 2013 vehicles are down across the board compared to last year, according to NADA Used Car Guide. Larry Dixon, the firm’s director of market intelligence, said increased supply and incentives are the reasons. “We estimate that the supply of used vehicles up to five years ... Read More »