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FARMINGTON HILLS, Mich. — RouteOne has announced the transition of three key staff members into vice president roles. Scott Johnsen will transition from his role as senior director of product development to vice president of customer strategy. He will be responsible for supporting key accounts and automotive OEM customers. The focus of his new position, ... Read More »
Read More →SAN FRANCISCO — A new study shows that one-third of consumers are open to buying cars from their mobile device. However, the same study showed that 86% of them still want to test-drive the vehicle before purchases. The study, which surveyed, 1,185 consumers, was conducted by Survata on behalf of Roadster, a three-year-old company that ... Read More »
Read More →MCLEAN, Va. — Wholesale prices for vehicles up to eight years in age fell 2.3% in July, tying June for the biggest drop recorded so far in 2016, according to the NADA Used Car Guide. As a result, the firm lowered its seasonally adjusted used vehicle price index 1.1% to 118.9 . The largest decline in ... Read More »
Read More →WASHINGTON, D.C. — The Consumer Financial Protection Bureau’s proposed small-dollar lending rule would neither not adequately protect borrowers, nor address the risks created by the shift toward installment credit in the payday and auto title lending market, a new analysis concludes. Conducted by Pew Charitable Trusts, the analysis outlines the reasons for the shift to ... Read More »
Read More →DETROIT — When it comes to choosing lender partners, dealers value the type of relationship they have with their finance sources over the speed of their services, according to J.D. Power’s 2016 U.S. Dealer Financing Satisfaction Study. Jim Houston, senior director of the automotive finance practice at J.D. Power, said finance sources need to shift from ... Read More »
Read More →ALTOONA, Pa. — United Datacom Networks Inc. (UDNI) announced the launch of Dealers Edge, a new IT support program designed to help dealers meet their legal obligations with respect to data privacy and security. Services include remote management and 24/7 monitoring. “The core elements of the program are centered on maximizing existing technology, lowering costs, ... Read More »
Read More →DETROIT — J.D. Power has appointed Jim Houston as senior director of its auto finance practice. In his new role, Houston will use his 30-year experience in auto finance to help guide the industry through a potentially volatile period of new-vehicle sales and declining used-car values, the company said. “I’m very excited to be joining ... Read More »
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