Archive | Auto Industry News

DealerSocket Announces New CFO

IRVING, Texas — DealerSocket recently announced the appointment of Gary Ito as CFO. He brings three decades of financial and accounting experience to the software firm. Over the course of his 30-year career, Ito has worked at several global software and technology organizations, including both public and private equity-owned companies. He most recently served as … Read More »

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Cox Releases Results of Fixed Ops Study

REDWOOD CITY, Calif. — Cox Automotive Inc. has released its “2018 Service Industry Survey,” a new report that documents and analyzes the results of a survey completed by 3,550 consumers and 404 franchise dealership employees. Directors said their goal was to explore the current state of the service market and help dealerships understand and capitalize … Read More »

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AG Coalition: CFPB Has ‘No Authority to Overrule’ High Court’s ECOA Interpretation

WASHINGTON, D.C. — A coalition of 14 state attorneys general called on the Consumer Financial Protection Bureau to continue protecting the rights of consumers against credit discrimination under the Equal Credit Opportunity Act (ECOA) — a sign that the fight over dealer participation might not be over. In a letter issued to Acting Director Mick Mulvaney, the … Read More »

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Jumpstart Partners With iSeeCars

SAN FRANCISCO — Jumpstart Automotive Media, a leading media, insights, and marketing solutions company, today announced an exclusive ad sales representation agreement with iSeeCars as its newest publishing partner. iSeeCars is billed as a rapidly expanding car-shopping marketplace with broad coverage of more than 4 million new and used vehicles for sale. Based in Boston, … Read More »

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IHS Markit Launches New Solution for Automotive Aftermarket

SOUTHFIELD, Mich. — Business information provider IHS Markit today announced the launch of the Market Performance Analysis Tool, the newest part of the company’s WorldView aftermarket online solution. This addition will allow aftermarket companies to analyze unit and dollar volume by product line and compare actual transaction pricing against competition — over time and by … Read More »

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Report: Trump Tax Cuts Affect Reinsurance Profits

LAKE FOREST, Calif. — Portfolio has released “Opportunity at Risk: Reinsurance Meets Tax Reform,” a new report detailing the effects of the Trump administration’s Tax Cuts and Jobs Act on each of the six common reinsurance models. The report is now available to dealers, agents, and other industry members as a free download. Authors Ryan Hanlon … Read More »

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