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NewsOctober 22, 2014

ADM Reader Survey: Social Media

Auto Dealer Monthly is conducting a reader survey designed to gauge the effectiveness of social media in generating sales and service leads. Click on the headline to complete the brief survey.

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NewsOctober 22, 2014

Mich. Governor Signs ‘Anti-Tesla’ Bill

Governor Rick Snyder signed into law yesterday tighter restrictions on selling vehicles directly to consumers. The new law now effectively bans Tesla Motors from selling vehicles in the state.

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NewsOctober 21, 2014

Used-Vehicle Price Adjustments Keep Retail Markets on Track, Manheim Reports

The 1.1% third-quarter decrease in the Manheim Used Vehicle Value Index didn’t set off alarms despite it being the fifth straight decline in used-vehicle prices. The firm’s chief economist noted that the drop helped dealers increase vehicle turns as the market continues to inch toward more normal levels.

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NewsOctober 21, 2014

Facebook Playing Bigger Role in Dealer Selection, Study Shows

A survey of 2,000 consumers revealed that Facebook is now among the Top 5 dealer reviews sites used by car shoppers, with 75% of respondents indicating they trust reviews posted by friends on the social media site vs. reviews posted on other sites by people they don't know.

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NewsOctober 15, 2014

eLEND Solutions Launches Credit Application Platform

The firm’s CreditPlus is an interactive credit application platform that instantly preapproves shoppers based on the dealer’s defined credit criteria. Consumers can also view their credit score and pick their payments.

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NewsOctober 15, 2014

Kontos: Wholesale Used-Vehicle Prices Soften Again in September

Wholesale used-vehicle prices softened for the fifth straight month in a row, ADESA reported this week. But improved retail sales of used vehicles helped cushion the blow from growing supply.

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NewsOctober 14, 2014

Autoflicks Creates a Virtual Showroom With Video

Flick Fusion launched Autoflicks, a subscription-based service that provides dealerships with a virtual test drive experience for every vehicle in their inventory.

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NewsOctober 1, 2014

ADP Dealer Services Spinoff Now Listed on Nasdaq

CDK Global Inc., the new ADP Dealer Services company, began trading as a member of the S&P MidCap 400 Index yesterday.

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NewsOctober 1, 2014

Judge Allows Antitrust Lawsuit Against CARFAX to Proceed

The antitrust suit filed by more than 750 dealers against Carfax is now headed into discovery after a federal judge denied Carfax's motion to dismiss the case.

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NewsOctober 1, 2014

Potratz Releases Web Tool That Predicts Shopper Behavior

ExitGadget uses custom algorithms and device tracking technology to determine when a website visitor is exhibiting signs of abandoning the page. It then delivers a customizable message designed to covert the site visitor into a sales lead.

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