| FordDirect Adds Trade-In Appraisal Tool, Credit Estimator to Dealer Websites |
May 16th, 2013 |
The tools are generating 500 additional leads daily and 40 percent of customers who use the tools purchase a vehicle within 30 days, according to the company.
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| Auto/Mate Integrates DMS With Xtime ServiceCRM |
May 16th, 2013 |
The company’s AMPS Dealership Management System is now fully integrated with Xtime ServiceCRM, a cloud-based CRM and scheduling platform.
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| DOJ Taking Closer Look at Auto Finance |
May 16th, 2013 |
The CFPB isn’t the only regulator interested in what goes on inside the F&I office. The U.S. Department of Justice also is taking aim at retail installment transactions.
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| VisionMenu Now Integrated With Dealertrack’s DMS |
May 16th, 2013 |
The integration allows dealerships using Dealertrack’s DMS solution and VisionMenu to quickly and directly access a one-click menu from the dealer’s library of templates.
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| Santander Plans IPO |
May 16th, 2013 |
Santander Consumer USA and three other equity firms are planning to list Santander in the coming months to take advantage of favorable market conditions to sell shares.
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| Group 1 Assessing Storm Damage in Oklahoma City, Houston |
May 16th, 2013 |
Group 1 estimates that the storms in Oklahoma City and Houston caused damage to facilities and about 3,200 new and used vehicles. The auto retailer is continuing to assess overall damage.
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| Illinois AG Sues Dealer for Deceptive Sales Tactics |
May 16th, 2013 |
Illinois Attorney General Lisa Madigan files lawsuit against a Carterville auto dealer for deceptive sales tactics. The Illinois dealer allegedly promised repair guarantees on cars sold “as is” but didn’t follow through.
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| Group 1 Reports First-Quarter Performance |
May 16th, 2013 |
First-quarter net income was up 26.5 percent for the dealer group, while total gross profit grew 15.4 percent on 18 percent higher revenues.
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| CNW: Americans Looking to Spend More on Cars |
May 16th, 2013 |
Used-car buyers are looking to spend 3 percent more than in the previous survey, and new-car shoppers are expected to spend 2.9 percent more.
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| April SAAR at 14.92 Million Units |
May 16th, 2013 |
The SAAR is up slightly vs. April of last year, and most manufacturers experienced an increase in sales during the month.
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