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WESTLAKE VILLAGE, Calif. — Consumers who shop for and purchase a vehicle based on its in-vehicle technology consume media — Internet, television and magazines — at high rates, according to the summer edition of J.D. Power 2015 U.S. Automotive Media and Marketing Report. The report provides a comprehensive view on the factors that influence consumers’ ... Read More »
Read More →WILKES-BARRE, Pa. — GWC Warranty, a provider of used-vehicle service contracts and related F&I products, is expanding the ways it rewards its top dealers. The company has announced enhancements to the current GWC Elite Dealer Program and is also introducing a unique value bundle for its top volume dealers — the GWC WealthBuilder Program. Previously, GWC Warranty ... Read More »
Read More →MISSION, Kan. — The VinConnect Desking tool now integrates with the Autosoft dealer management system, allowing the two systems to share information in real time, VinSolutions announced. The integration between VinConnect desking and Autosoft FLEX F&I allows the two services to exchange information, eliminating redundancies while increasing efficiency for dealers. “This integration between two leading software ... Read More »
Read More →IRVINE, Calif. — Wells Fargo Dealer Services announced today the opening of its 56th Regional Business Center (RBC). The new RBC is in Cherry Hill, N.J., and will serve approximately 150 existing auto dealerships in the region. Bank officials said the new office reflects Wells Fargo Dealer Services’ continued commitment to providing localized service to ... Read More »
Read More →MINEOLA, N.Y. — Bellavia Blatt & Crossett filed a second mass action lawsuit against TrueCar on July 30, this time representing 100 dealerships that are currently affiliated with the car-shopping site. In March, the law firm filed a mass action lawsuit on behalf of 117 — now over 200 — non-affiliated dealerships, alleging that TrueCar’s business practices ... Read More »
Read More →LAS VEGAS — Organizers of the annual P&A Leadership Summit have announced the members of the first of three panel discussions at this year’s event, which will be held Sept. 9–10 at Paris Las Vegas. “Govern or Be Governed” will be staffed by executives from several of the industry’s leading F&I product providers. Steve Amos, ... Read More »
Read More →DULUTH, Ga. — Asbury Automotive executives were confident during a quarterly earnings call Tuesday that the group’s internal cap on dealer markups, as well as its fixed F&I product prices, will keep it out of trouble with regulators like the Consumer Financial Protection Bureau (CFPB). Craig Monaghan, Asbury’s president and CEO, said he didn’t know ... Read More »
Read More →WESTLAKE VILLAGE, Calif. — In the highly competitive auto lending environment, the level of service provided — including technology and a collaborative and consultative staff — is more important than price, according to the J.D. Power 2015 U.S. Dealer Financing Satisfaction Study, which found that dealers are willing to pay a premium for high-quality service. ... Read More »
Read More →WASHINGTON, D.C. — On Wednesday, a U.S. House committee passed H.R. 1737, a bipartisan bill to repeal the Consumer Financial Protection Bureau (CFPB)’s 2013 guidance, which warned finance sources that they would be held liable for discrimination that was the result of policies allowing dealers to mark up the interest rate on retail installment sales contracts. ... Read More »
Read More →FT WAYNE, Ind. – VisionMenu has integrated Perma Plate, VAS (Vehicle Admin Services), ArmorAll, and TWS (Total Warranty Services) to vRate for its electronic menu. vRate is a feature of VisionMenu which allows the user to rate multiple providers and multiple products simultaneously. vRate is a “direct to the provider” electronic rating tool that will ... Read More »
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