News

Alpha Warranty Release Limited Lifetime Warranty and New Wrap Protection

SALT LAKE CITY, Utah — Alpha Warranty Services Inc. announced the release of its DriveEasy Limited Lifetime Powertrain Warranty and DriveEasy Wrap Protection. The DriveEasy Limited Lifetime Powertrain Warranty provides powertrain coverage to customers on more than 50 components for the life of the vehicle at no additional cost to the customer, according to the ... Read More »

RouteOne Names Key Directors to Executive Roles

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 »

Spireon Offers Dealers New F&I Profit Channel

Growing Student Debt Expected to Hurt Retailers, Moody’s Warns

Black Book: Wholesale Car Values Falling at Fastest Pace This Year

Study: Consumers Want to Buy Big-Ticket Items From Their Smartphones

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 »

July’s 2.3% Drop in Wholesale Prices Ties June Record, NADAUCG Reports

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 »

Pew: CFPB Small-Dollar Rule ‘Would Not Adequately Protect Borrowers’

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 »

J.D. Power: Speed No Longer Top Consideration When Selecting Finance Sources

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 »

IT Firm Launches Specialized Services Aimed at Dealerships

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 »