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NewsFebruary 1, 2017

Average Transaction Price Rises in January

A sales mix in favor of utility vehicles drove up January’s average transaction price 3.3% from a year ago to $34,968. Among the greatest beneficiaries were the Detroit Three, with General Motors leading the way.

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NewsFebruary 1, 2017

Black Book: Weekly Used Luxury Car Prices Tumble

While the truck segment realized its best week in terms of vehicle depreciation last week, values for used luxury cars tumbled, according to Black Book’s Jan. 31 Market Insights Report.

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NewsFebruary 1, 2017

Lease Volume Reaches Record High in 2016, Edmunds Reports

Leasing accounted for 31% of new-vehicle sales in 2016, up from 29% in 2015. And according to the vehicle information, nearly one-third of all millennials turned to leasing to secure a new vehicle.

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NewsJanuary 31, 2017

ChannelNet Adds Three to Leadership Team

The digital marketing solutions provider named Chris Sims CTO, Joe Karle vice president of account management for the Midwest United States and Canada, and K.C. Loughlin vice president of dealer sales and service for the United States and Canada.

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NewsJanuary 31, 2017

Two ProMax Execs Become Owners

ProMax Unlimited CTO Darian Miller and COO Shane Born acquired minority ownership stakes in the software company.

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NewsJanuary 31, 2017

EFG Companies: F&I Industry Faces Murky 2017

The expected regulatory rollback, plateauing sales, rising interest rates, and the push to change the in-dealership experience clouds the F&I industry’s future, EFG Companies said today. Four of the firm's executives offered their predictions for 2017.

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NewsJanuary 31, 2017

Black Book: The Analytics Age Is Upon Us

Black Book has released a new white paper about the different types of data analytics and how automotive industry professionals are using them.

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NewsJanuary 30, 2017

Outsell Forms Customer Advisory Board, Demos New Tools at NADA

Outsell formed and convenved its first customer advisory board at the National Automobile Dealers Association (NADA) Convention and Expo. The technology firm also announced the launch of several new digital marketing tools.

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NewsJanuary 30, 2017

eLEND Study: Mobile Technology Adoption Hampered by Resistance to Change

Sixty percent of respondents to the technology provider’s dealer survey indicated that they are not considering using tablets in either their sales or F&I departments. Aside from resistance to change, respondents cited cost and an undefined ROI as reasons for not using mobile tablets.

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NewsJanuary 30, 2017

DealerSocket Clients Get Carfax Snapshot Tool

Carfax's Snapshot Tool is now available to dealers on the DealerSocket website platform. The feature puts key vehicle history details for specific vehicles on search results pages and VDPs

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