Dealer agents who wish to serve as their own product administrator have a new self-evaluation tool with the release of Administration Management Systems' BeYourOwnTPA.com. +
NCC has launched Credit Abuse Risk, an Equifax-powered feature designed to assess intent to pay and identify default risk when the customer’s credit is pulled. +
EFG Companies announced the launch of Reinsurance Health Check, a diagnostic review for dealers concerned about program performance amid rising claims severity, higher repair costs and delayed reserve adjustments. +
TrueCar will implement a new vehicle pricing standard as part of an effort to help dealers remain in compliance with federal regulations against deceptive tactics. +
Dealertrack’s Credit Availability Index inched up to 102.4 in April, but analysts say subprime borrowers’ share of the market fell “sharply” after a March surge. +
Kelley Blue Book reports trucks and SUVs are largely to blame for April’s average new-vehicle transaction price of $49,461, a 1.8% year-over-year increase. +
JM&A’s Q1 report finds F&I gross profit per vehicle retailed, penetration rates and products per deal improved, offsetting significant challenges on the front end. +
DealSpeak is a new, AI-powered training platform that simulates industry-specific scenarios to help users hone their communication and negotiating skills. +
Vehicle history reports for pre-owned vehicles that were sold and solely serviced by the same dealership will now carry a “Carfax Homegrown” badge. +
DealerOn has added OnPrompt and Sidekick, two AI-powered tools designed to help dealers understand how car shoppers discover and interact with their online profiles. +
