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F&Iby StaffJune 29, 2016

DealerSocket Adds LenderPay Integration to FEX DMS

DealerSocket’s FEX DMS is now integrated with ProPay’s LenderPay platform. The partnership, the company stated, will allow FEX users to select the credit processor that best fits their dealership’s unique needs.

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F&Iby StaffJune 29, 2016

OP-ED: NADA Chairman Calls on Dealers to Rally Behind CFPB-Reform Bill

Introduced in March, U.S. Senate Bill 2663 aims to repeal the bureau's March 2013 guidance on dealer participation and add a few more steps to the regulator's guidance-writing activities. In an op-ed piece posted on the NADA's website, Chairman Jeff Carlson offers his thoughts on the legislation and explains why dealers need to rally behind it.

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Auto Financeby Eric GandarillaJune 29, 2016

Mobile Phones, Online Research Shrinking Shopping Window, Study Shows

From start to finish, the time it takes consumers to pull the trigger on a vehicle purchase is shrinking. And according to a new study from Jumpstart Automotive, Millennials are the reason.

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F&Iby StaffJune 28, 2016

RoadVantage Completes Second Annual SSAE 16 Type II Audit

RoadVantage has successfully completed its second annual SSAE 16 (SOC 1) Type II audit, ensuring the company’s controls and procedures continue to conform to industry standards for best practices, according to a company announcement.

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F&Iby StaffJune 28, 2016

Former Nissan Dealer to Pay $101,986 for Deceptive Practices

About 119 former customers of Saratoga Springs Nissan who were charged illegal fees and sold F&I products without their knowledge will share in $101,986 in restitution, according to the settlement reached between the dealership's former owner and the New York Attorney General's Office.

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Showroomby StaffJune 28, 2016

96.7% of Jeeps Are U.S.-Built, Experian Reports

An Experian analysis found that out of all auto brands that sell in the United States, Jeep had the highest percentage of vehicles built domestically. According to the analysis, 96.7% of Jeeps on U.S. roads were assembled in the country.

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Auto Financeby StaffJune 27, 2016

KBB Predicts Record Sales in June

Kelley Blue Book expects June new-vehicle sales to increase 5% from a year ago to 1.55 million units. This predicted increase should result in an estimated 17.1 million seasonally adjusted annual rate (SAAR).

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Digitalby StaffJune 27, 2016

Helion Gains UCSE Tier 1 Support Certification

With its new certification, Helion Automotive Technologies is now authorized to work with auto dealers to design, program and implement custom UC systems, as well as provide support for day-to-day operations and perform high-level troubleshooting.

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F&Iby StaffJune 27, 2016

EFG Companies Names Vice President of Compliance

EFG Companies has named 30-year industry veteran Steve Roennau vice president of compliance, the company announced last week.

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F&Iby StaffJune 24, 2016

CNA National Appoints New Chief Actuary

Karen Queen has been appointed as the chief actuary for CNA National Warranty Corp. She spent the last nine years with CNA National's parent company, where she most recently served as the assistant vice president for professional liability pricing.

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