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Newsby StaffSeptember 30, 2019

FCA to Pay $40M Fine for ‘Cookie Jar’ Sales Reports

FCA US and Fiat Chrysler Automobiles will pay $40 million to settle charges leveled by the SEC, which accused the automaker of misleading investors by falsifying monthly sales reports to maintain the appearance of monthly gains.

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Newsby StaffSeptember 30, 2019

KAR Auction Services Is Now KAR Global

Executives said a wave of acquisitions and new offerings prompted the name change, saying dealers and other automotive industry users are increasingly demanding ‘global’ solutions.

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Newsby StaffSeptember 27, 2019

IAS Hosting Giveaway to Win a Day of Training with Frenchy!

One Industry Summit attendee will be selected to receive one free day of training with Frenchy at the dealership of their choice.

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Newsby StaffSeptember 26, 2019

Maxims Acquire DealerMax, Plan National Expansion

Jim Maxim Jr. and Jim Maxim Sr. have made DealerMax the new home of their Profit By Design F&I development platform and plan to rapidly expand the Boston-based company’s national footprint.

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Newsby StaffSeptember 26, 2019

DealerSocket Adds People Power to RevenueRadar

DealerSocket’s predictive marketing tool is now backed by a team of Strategic Growth Managers offering personal support to help auto dealers engage more customers.

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Newsby StaffSeptember 25, 2019

Inovatec Selects Carfax Canada VIN Tool

Inovatec Systems has integrated Carfax Canada’s VIN Scan with its cloud-based auto finance platform, promising a more efficient and accurate decisioning process.

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Newsby StaffSeptember 25, 2019

Escalade Leads September Lease Price Hikes

Wantalease.com reports average monthly lease payments for the Cadillac Escalade shot up nearly 40% in September, leading a pack of models that increased in price in the lull between incentive seasons.

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Newsby StaffSeptember 25, 2019

PassTime Launches ‘Revolutionary’ Wireless GPS Device

PassTime announced the launch of Encore, a new dealer-facing vehicle asset management tool packaged in a completely self-powered, slim design.

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Newsby StaffSeptember 25, 2019

CoreLogic Integrates Prequalification Tool With eLEND

eLEND Solutions dealers now have access to CoreLogic Credco’s Three-Bureau PreQual soft-pull credit inquiry tool as part of a new partnership.

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Newsby StaffSeptember 25, 2019

Calif. AG Sues Blanco for Bank Fraud, False Advertising

The office of California Attorney General Xavier Becerra has charged the 10-rooftop Paul Blanco’s Good Car Co. with credit application fraud, payment packing, and false and deceptive advertising.

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