P&A Online

January 26, 2011

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GAP Deductible Under Threat in California

New disclosure requirements being considered by the Federal Reserve Board (FRB) for loan insurance products aren’t the only threat to core F&I offerings like GAP coverage. In California, product providers are racing to notify dealers that one of the key selling features of GAP might be barred since a new law took effect on Jan. ... Read More »

The Impact Group Adds E-Rating, E-Contracting Functions to Fusion Menu

DULLES - The Impact Group, an automotive software firm, has added e-rating and e-contracting functions to Innovative Aftermarket Systems’ (IAS) Fusion Menu, which is used to present F&I products and services to consumers, reported F&I and Showroom. Using the Fusion Menu, the F&I managers can quickly and easily rate all available IAS product plans. Then, using a customized Fusion ... Read More »

OPENLANE and NIADA Partner to Offer New NIADA-Certification Listings to Dealers on Open Auction

REDWOOD CITY – OPENLANE, Inc., a leading online auction company in North America for automotive dealers to buy and sell wholesale vehicles, today announced it has partnered with the National Independent Automobile Dealers Association (NIADA) to offer dealers a new “NIADA-Certified” listing category on OPENLANE’s open auction, www.openlane.com. This “lane” of NIADA-Certified cars will provide ... Read More »

Open Dealer Exchange Partners With PowerBand Global

TROY – Open Dealer Exchange LLC has partnered with Burlington, Ontario-based PowerBand Global Inc., a provider of vehicle acquisition and disposal services as well as a finance portal. The partnership will enable automotive lenders in Canada to receive credit applications and send credit decisions seamlessly to the dealership’s dealer management system (DMS). Open Dealer Exchange, a joint ... Read More »

Toyota Motor Recalls 1.7 Million Cars Globally for New Defects

Toyota Motor Corp., the world’s biggest carmaker, recalled about 1.7 million vehicles globally for defects in fuel pipes and pumps, pressure sensors and spare tire carriers, Bloomberg reported. In Japan, Toyota will recall 1.28 million units of models including the Voxy, Noah and Isis minivans and RAV4 sport- utility vehicles, according to statements from the company. ... Read More »

Survey Reveals Car Shoppers Increasingly Rely on Online Data and Social Media

PORTLAND – According to a recent survey of online vehicle shoppers by Chrome Systems Inc., a subsidiary of DealerTrack Holdings Inc., automotive retailing sites can increase brand awareness and attract more shoppers with a savvy mix of robust research tools backed up by social networking. Chrome Systems said brand loyalty has dropped among automobile buyers, and as ... Read More »

Ford Asks Congress to Approve U.S.-Korea Free Trade Agreement

WASHINGTON – Ford Motor Co. called on Congress today to approve the U.S.-Korea Free Trade Agreement after the automaker won changes last month to the agreement. Stephen Biegun, vice president for International Governmental Affairs at Ford, will tell the House Ways and Means Committee that “we at Ford have worked diligently over the past three years ... Read More »

Crisorio to Deliver Agent Summit Keynote

LAS VEGAS — The organizers of the first annual Agent Summit have announced that Randy Crisorio, president of Clearwater, Fla.-based United Development Systems Inc. (UDS), will deliver the event’s keynote address. Crisorio, who also will serve on the Agent Summit advisory board, will present “The Value of Agents and Agencies” on Day 2 of the event. His ... Read More »

IntelliPayment Releases Upgraded Biweekly Payment Solution at NADA 2011

NEW YORK - IntelliPayment, a provider of biweekly payment products, will release a newly enhanced version of its biweekly payment products at booth #4023N at the 2011 NADA Convention and Expo in San Francisco. With IntelliPayment, dealers can accurately calculate and offer accelerated payment options to customers with integrated online tools and enrollment options, resulting in substantial increases ... Read More »

Joe Verde to Debut New Automotive Sales Book at NADA

Orange County - Joe Verde will debut his new book for automotive salespeople, Earn Over $100,000 Selling Cars – Every Year, at the National Automobile Dealers Association (NADA) convention and expo in San Francisco, Feb. 5-7. Attendees can pick up a free copy of the book at the company’s booth #3629N. Verde is the top sales trainer ... Read More »

Toyota Stays Ahead of GM as World’s Largest Automaker

Toyota Motor Corp. was the world’s largest automaker for a third year in 2010 as a recovery in global vehicle demand outweighed a decline in U.S. sales. Toyota’s sales, including its luxury Lexus marque and deliveries from affiliates Daihatsu Motor Co. and Hino Motors Ltd., rose 8 percent to 8.42 million units in 2010, the automaker said ... Read More »

Toyota Adds Texas, Florida Quality Offices to Cut U.S. Defects

Toyota Motor Corp., the world’s biggest carmaker, is adding offices in Texas and Florida to catch potential defects at an early stage a year after recalling millions of U.S. vehicles. The new Houston and Jacksonville operations follow similar field offices opened in New York and San Francisco last year to evaluate and respond to customers’ safety ... Read More »