Archive | Auto Industry News

AutoGravity’s Car-Buying Platform Surpasses 1 Million Users

IRVINE, Calif. — Fintech firm AutoGravity, the grand prize winner in F&I and Showroom magazine’s inaugural F&I Digital Media Awards, announced that its online car-buying platform has surpassed 1 million users. Launched in 2016, AutoGravity rapidly expanded from 100,000 users in its first six months ... Read More »

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J.D. Power: Differing Approaches to Digital Financing Creates Wide Satisfaction Gap

COSTA MESA, Calif. — Digital auto loan applications can lead to improved customer satisfaction, but wide variance in the execution of the digital application process has created a significant performance gap between top and bottom performing finance sources, according to the J.D. Power 2017 U.S. ... Read More »

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Black Book Provides Appraisal Data to ASNSoftware

LAWRENCEVILLE, Ga. — Black Book (div. Hearst Business Media) has signed a partnership agreement with ASNSoftware, a provider of dealer management software and solutions for independent and RV dealerships. Black Book will provide vehicle valuation data for ASNSoftware’s DMS, giving users a new tool for ... Read More »

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Edmunds: 100,000-Mile Cars More Valuable Than Shoppers Think

SANTA MONICA, Calif. — The tight supply of late-model used vehicles is squashing the long-held belief that a car’s best days are behind it once the odometer passes the 100,000-mile mark, at least according to Edmunds’ used-vehicle market report for the third quarter. The site’s ... Read More »

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Craig Robinson Named President of AAGI

SCHAUMBURG, Ill. — American Auto Guardian Inc. (AAGI) announced that Craig Robinson, a 20-year veteran of the insurance and third-party administration segments, has joined the company as president. Tim Brugh, who has held the title of president since May 2013, moves into the CEO position. ... Read More » Tags: , , ,

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Bloomberg: Senate Banking Chair Closing In on Bipartisan Dodd-Frank Rollback

WASHINGTON, D.C. — Republican Senator Mike Crapo (R-Idaho) told reporters on Wednesday he’s getting closer to brokering a deal on bipartisan legislation aimed at rolling back parts of the Dodd-Frank Act, according to a Bloomberg report. The lawmaker, who chairs the Senate Banking Committee, is in ... Read More »

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