Archive | Auto Industry News

Black Book: Start of Tax Seasons Brings Low Depreciation, Strong Auction Sales

LAWRENCEVILLE, Ga. — Stronger sales at auction thanks to the start of tax season resulted in some of the lowest depreciation seen this year, according to Black Book’s Feb. 5 Market Insights Report. Overall, car segment values declined 0.34% last week, nearly half as much as the 0.58% seen in the previous week. Overall, truck values … Read More »

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Black Book: Index Falls 1.2% to 113.1 in January

LAWRENCEVILLE, Ga. — Black Book’s Used Vehicle Retention Index fell only 1.2% year-over-year in January to a 113.1 reading for the month. The firm had expected a larger decline. Anil Goyal, executive vice president of operations for Black Book, said the expectation was based on the lift in wholesale values due to replacement activity linked … Read More »

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Xtime: Mobile Appointments Up 56% in 2017

REDWOOD CITY, Calif. — Retention solutions provider Xtime has released its proprietary statistics of dealership mobile activity for 2017. Analysts found that, in 2017, mobile service appointments increased by 56% and desktop appointments increased by 5%. Nearly one-quarter (22%) of online service appointments were made after hours, making this a critical feature for dealers, according … Read More »

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American Guardian Announces 2018 Growth Plan, Promotion of Key Executives

WARRENVILLE, Ill. — F&I product provider American Guardian Warranty Services Inc. (AGWS) announced the promotion of several key executives, including the appointment of Jon A. Anderson as president and COO. The moves are part of the company’s 2018 plan to grow its marketer base, revenue, and service team. The company also revealed plans to significantly … Read More »

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Axiom® and Pinnacle Dealer Solutions Announce Strategic Distribution Partnership to Promote Pinnacle Key Plus Featuring Tile Technology

ST. LOUIS – Axiom Product Administration, the exclusive automotive channel distributor of Tile® in North America, has entered into a strategic distribution partnership with Pinnacle Dealer Solutions, a California-based automotive MGA. Through this agreement, Axiom will support Pinnacle Dealer Solutions as they expand their product offering to include Pinnacle Key Plus featuring Tile Technology. “Axiom … Read More »

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Dealers Assurance Company Has Been Acquired by iA Financial Group of Canada

COLUMBUS, Ohio – Dealers Assurance Company (DAC) announced today that its acquisition by iA Financial Group (iA) of Canada has been completed. When announced on September 21, 2017, the acquisition was subject to regulatory approval. All approvals have been received, and DAC is now a fully owned subsidiary of iA. Founded in 1892, iA is … Read More »

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