DriveItNow and GoMoto will lead NADA’s “Modern Dealership Experience” during its convention in New Orleans later this month. During the presentation, the companies are set to discuss the latest disruptive technological developments that can help dealers boost sales and enhance service experiences for online buyers. “Consumers want to complete more of the car buying process […] [Read More]

Donald Trump will be inaugurated as the 45th president of the United States on Friday. But industry experts have warned dealerships and finance companies not to reduce their compliance efforts despite some deregulatory rhetoric that might have been shared during his campaign. Compliance expert Randy Henrick recently said via Twitter: “Don’t count on the new […] [Read More]

F&I Express recently announced that its finance and insurance platform is now integrated with Roadster, an eCommerce solutions provider for vehicle buying and leasing. Roadster’s dealerships now can provide buyers with accurate aftermarket product quotes and educational material using F&I Express’ Express Digital Media solution. The Express Digital Media solution is designed to utilize a […] [Read More]

Captify, an advertising technology company that specializes in search intelligence, has released findings from its analysis of more than 15 billion consumer searches to determine the most popular brands and types of cars catching consumers’ attention in 2016. Ford was found to be the most searched car brand by consumers last year. After Ford, Audi […] [Read More]

Auction Management Solutions (AMS) recently announced that the firm has partnered with Central Auto Auction (CAA) of Hamden, Conn., for business development consulting. In explaining why he made this move, CAA owner Peter Saldamarco said, “We are very excited to be a part of the AMS group of auctions. We have spent a lot of […] [Read More]

Two pieces of the Cox Automotive portfolio — VinSolution and Dealertrack — are continuing to blend their resources together to help store managers. VinSolutions announced the availability of Rates & Residuals, a new upgrade to its Connect Desking tool that integrates Dealertrack’s comprehensive finance company data to help with more accurate, efficient and profitable deal […] [Read More]

Copart recently expanded its Chicago North location where sales occur at noon every Thursday. “The Chicago North expansion is a great addition to our network in the Chicago area where we currently have four locations serving our members and sellers,” Copart chief executive officer Jay Adair said. "This land allows the capacity to continue growing […] [Read More]

Takata Corp. and the U.S. Department of Justice have reached a settlement on the issues regarding Takata’s airbag inflator validation testing and reporting. Takata will shell out $1 billion in criminal penalties, according to DOJ, and three Takata executives have been charged with wire fraud and conspiracy.  “Automotive suppliers who sell products that are supposed […] [Read More]

On Thursday, NCM Associates and The Rawls Group, a provider of long-term strategic and succession planning, announced the launch of the NCM-Rawls Dealer Executive Program, their new leadership development educational program for current and future dealers. “Rapid changes in our industry, such as autonomous cars, ride-sharing companies and the electrification of vehicles, mean we need to […] [Read More]

Along with their latest assessment of the U.S. prime and subprime auto loan asset-backed securities (ABS) sectors, S&P Global Ratings analysts this week discussed how much alternative data has become a crucial component of their examination of subprime auto finance market. S&P Global Ratings acknowledged that many subprime finance companies have incorporated alternative data into […] [Read More]