Archive | Auto Industry News

Are We There Yet? Pryor to Go Digital at Industry Summit, PALS

ORLANDO, Fla. — David Pryor, CMO of Safe-Guard Products International, will tackle the subject of digital retail in a general session for P&A Leadership Summit and Industry Summit attendees in Orlando next month, organizers announced. The events will be held Oct. 8–10 at the Caribe Royale Orlando, with Pryor set ... Read More » Tags:

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Regional Acceptance Joins Dealertrack Accelerated Title

NORTH HILLS, N.Y. — Subprime finance source Regional Acceptance Corp. (RAC) today announced it has selected Dealertrack Accelerated Title to handle its payoff and title release process for dealers accepting cars in on trade. Regional Acceptance officials said the finance source chose Dealertrack’s Accelerate Title ... Read More »

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CDK Global Adds AutoFi, New Integrations to Fidellis Commerce Exchange

HOFFMAN ESTATES, Ill. and SAN JOSE, Calif. — CDK Global announced on Tuesday that startup AutoFi has agreed to consume digital retailing application programming interfaces (APIs) from the Fortellis Automotive Commerce Exchange platform. The company also confirmed that Equifax Inc., one of the inaugural publishers on Fortellis, will publish additional APIs ... Read More »

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Carolina Dealers Face Florence Losses

ATLANTA — Lower vehicle density will spare Hurricane Florence-affected areas from tallying total losses approaching those seen in Texas and Florida during last year’s hurricane season, predicted Jonathan Smoke, chief economist for Cox Automotive. In a statement released at noon ET yesterday, Smoke acknowledged the ... Read More »

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Total Outstanding Auto Portfolio Balances Top $1.25 Trillion

ATLANTA — Total outstanding auto portfolio balances reached $1.27 trillion through May, the first time balances have surpassed $1.25 trillion, according to Equifax. That’s despite finance sources continuing to pull back from the high-risk tiers. On a year-to-date basis through May, the auto finance industry ... Read More »

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Dealer Poll: Tariffs Are Bad for Business

ATLANTA — According to data from the Q3 2018 Cox Automotive Dealer Sentiment Index, U.S. automobile dealers are more positive than negative in describing the current market in the third quarter but are fearful that proposed auto tariffs could hurt profitability. The results are based ... Read More »

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