A recent survey by Synopsys further reinforced the challenge the financial services industry is having with maintaining its cybersecurity and other matters related to fraud and the compromising on consumer data. Based on a survey of global financial services organizations conducted by Ponemon Institute, Synopsys’ report highlighted the industry’s security posture and its ability to […] [Read More]

The latest data from Edmunds confirmed that finance companies are trying to hold firm on term, down payment and total amount financed in an effort to remain within their underwriting parameters and mitigate risk. Edmunds’ August data did show some marginal rises in term and total amount financed year-over-year for used-vehicle and new-vehicle financing, but […] [Read More]

Just like the concept of the four square and first pencil helped dealership personnel explain financing details to potential buyers with paper and writing utensils, the latest solution from Darwin Automotive is using some of the same fundamentals while leveraging current technology. This week, the F&I software provider announced the release of a next-generation tool […] [Read More]

Jessie Herdrich, who is vice president of compliance at PAR North America, joined the Auto Remarketing Podcast at the Automotive Intelligence Summit this summer in Raleigh, N.C., where she led a presentation on "Ensuring Compliance in a Data-Driven World." The full discussion can be found below. Download and subscribe to the Auto Remarketing Podcast on iTunes or on Google Play.  […] [Read More]

Black Book’s team of analysts are looking to see how much used metal dealerships turned during Labor Day weekend to get a better handle on how wholesale prices might move during the remainder of the year. Heading into the holiday sales stretch, the Black Book Market Insights report showed wholesale values didn’t change much as […] [Read More]

According to a news release distributed on Tuesday, Affinitiv and AutoLoop announced that they have received all customary regulatory approvals and that the merger of the two providers of data-driven marketing automation and software solutions is complete. Officials said the combined company will operate under the Affinitiv brand name and will be headquartered in Chicago, […] [Read More]

Software company DealerSocket says enhancements such as improved data collection capabilities for its Dealership Management System for independent dealers — or iDMS — “reaffirm the company’s deep commitment to the used-car market.” At its annual user summit in August, DealerSocket announced what it described as “several key innovations,” and in addition to the iDMS data […] [Read More]

Dealer management system company DealerBuilt appointed long-time automotive sales team leader Keith Baker as chief revenue officer, with his duties including oversight of new business sales and marketing. He will also work to help improve client utilization and product strategy.  Baker said he joined DealerBuilt in part because dealers need a company “that is genuinely […] [Read More]

It’s now past Labor Day weekend. Much of the year already has passed, and the holiday season will be arriving soon enough. For dealerships that began 2019 with the intention of increasing in-store training, GWC Warranty compiled strategy to help managers overcome four primary obstacles they might have encountered delaying those educational improvements. “Sure, your […] [Read More]

The California Consumer Privacy Act (CCPA) certainly is complicated. It’s why an entire panel discussion about it was conducted during this summer’s Automotive Intelligence Summit. Furthermore, a recent PossibleNOW study showed 56% of U.S. businesses polled reported they do not expect to be fully prepared to meet CCPA requirements by the Jan. 1 date of […] [Read More]