News

IAS Announces Internal Promotions to Senior Leadership

AUSTIN – IAS, a leading provider of F&I solutions to automobile dealerships, today announced a series of senior management changes designed to advance the adoption of the company’s complete F&I solution. Frank Klaus has been promoted to Chief Operating Officer for the IAS Oklahoma City, Oklahoma and Dublin, Ohio offices. Mr. Klaus had previously served ... Read More »

GM, Jim Koons and Lithia Settle FTC’s Complaints Regarding CPO Claims

WASHINGTON, D.C. — The Federal Trade Commission (FTC) announced today that General Motors, Jim Koons Management and Lithia Motors Inc. have agreed to settle the regulator’s allegations that each touted rigorous inspections for certified pre-owned vehicles, but failed to disclose that some of the vehicles they were selling were subject to unrepaired safety recalls. According ... Read More »

Cox Automotive Enters F&I Product Business

ATLANTA — Cox Automotive is getting into the F&I business. The company announced today it has acquired a minority interest in SilverRock Holdings LLC, which is majority owned by Ernest Garcia and Ray Fidel of DriveTime through a separate company, Oreno Holdings Inc. The transaction closed on Dec. 31, 2015. According to officials, Go Financial ... Read More »

Auto/Mate Announces Integration With Scan123

ALBANY, N.Y. — Auto/Mate Dealership Systems today announced the integration of its dealership management system (DMS) with Scan123’s electronic document management system. Auto dealerships using Scan123’s solution can now store and access documents through the firm’s Automotive Productivity Management Suite (AMPS) DMS. According to company officials, the integration is designed to help dealers transition to ... Read More »

Robertson to Offer Glimpse Into Future at Dealer Summit

Registration Open for Dealer Summit 2016

TAMPA — Organizers of Dealer Summit announced that registration is now open for the event, which is scheduled for May 3–5, 2016, at the Sheraton Tampa Riverwalk Hotel. “This is the event dealers have been waiting for,” said David Gesualdo, show chair and publisher of Auto Dealer Today and F&I and Showroom. “Get ready for three days of advanced education ... Read More »

Hudson Cook, LLP Adds Allen H. Denson as Partner

HANOVER, Md. – Hudson Cook, LLP, a nationwide provider of legal compliance services for the financial services industry, announces the elevation of Allen Denson to partner in its Washington, D.C. office. Allen has been an Associate with the Firm since January, 2014. He represents financial institutions and other creditors in investigations and litigation with federal financial ... Read More »

Why Auto Stocks Are Sinking After Car Sales’ Record Year

The past year set a record for sales of cars, but investors are signaling doubts about the companies that make them, reports The Wall Street Journal. Shares of auto makers such as General Motors Co. and Ford Motor Co. began sliding late last year. This year, they have fallen even faster than the battered broader market. Analysts and investors attribute the declines ... Read More »

COX Automotive Canada Acquires Manheim Source Edmonton

TORONTO — Cox Automotive Canada, through its Manheim Canada operation, has acquired complete ownership of Manheim Source Edmonton. The auction will now operate as Manheim Edmonton and will continue to serve clients in its existing market. This announcement follows Cox Automotive Canada’s announcement in October that it is broadening its footprint in Western Canada. “We ... Read More »

Renault-Nissan Issues Four-Year Autonomous Vehicle Schedule

SUNNYVALE, Calif. — Renault-Nissan Alliance has announced that it will launch more than 10 vehicles with autonomous drive technology in the United States, Europe, Japan and China within the next four years. In 2016, the vehicle OEM plans to debut vehicles with “single-lane control,” a feature that allows cars to drive autonomously on highways and ... Read More »