Archive | Auto Industry News

US Equity Advantage Partners with Brown & Brown

ORLANDO, Fla. – US Equity Advantage (USEA) has entered into a partnership agreement with Brown & Brown Insurance, one of the nation’s largest independent insurance brokers, to provide its AutoPayPlus biweekly loan payment service to automotive and recreational vehicle dealers. To facilitate the partnership, USEA has also completed an integration with American Guardian Warranty Services, … Read More »

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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 to more than one million users less than a year … 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. Consumer Financing Satisfaction Study. The top-performing mass market and luxury … 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 trade valuation, inventory solutions, financing, floorplanning and service and repair. … 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 analysis of late-model used vehicles revealed that values decline only … Read More »

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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 talks with moderate Democrats Jon Tester of Montana, Heidi Heitkamp … Read More »

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