All of our discussions focus on immigration, but I would like to explore a more business-oriented conversation regarding our industry and the ongoing restrictions to exporting used vehicles into the Mexican market. With new vehicles being built in and shipped from Mexico in the thousands each day to the U.S., why haven’t the industry PACs […] [Read More]

What cars do owners hold onto the longest? Besides the fact that vehicles are lasting longer today than ever before, this is a valuable question — a question whose answer could potentially increase service revenues and make valuable trade-in prospects. iSeeCars.com took a look at over 395,000 used cars from model year 2005, sold by […] [Read More]

MetroGistics announced Thursday that its 4th Annual Monster Mash Halloween costume party fundraiser on Oct. 3 netted nearly $15,500 for two nearby charities. Hosted in the Soulard Preservation Hall in St. Louis, the event raised funds for the Humane Society of St. Clair County, Mich., and Helping Strays, the Human Society of Monroe County, Ill. […] [Read More]

Swapalease.com reported lease credit approvals have finished above 80.0 percent approvals mark during the last three months. The development marks the first time approvals have shown this level of success in more than two years. So far in 2015, site officials indicated, lease credit approvals rate have moved up to 72.2 percent. The site also pointed […] [Read More]

New analysis from the Mercatus Center at George Mason University reviewed the law and economics of consumer debt collection and its regulation. The expert who compiled the report insisted that the Consumer Financial Protection Bureau should consider all the potential consequences of new regulation — both intended and unintended — to ensure that it will benefit […] [Read More]

The JM&A Group has renewed its agreement with Kia Motors America. Partnered since 2007, JM&A will continue to offer the Kia Distinction branded F&I products and extended warranty services. According to JM&A, 716 Kia dealers offer at least one of JM&A’s products, with more than 400 utilizing at least five of its offerings. “We are […] [Read More]

Are you prepared for potentially more Volkswagen diesel trade-ins on your lot? While, of course, there is no guarantee that VW TDI owners will try to trade out of their rides, it's a scenario worth being ready for, at least.  With recent events in mind — including Volkswagen Group of America’s president and chief executive officer Michael […] [Read More]

Cox Automotive has made another executive-level move, this time appointing Brian Geitner as president of financial services and NextGear Capital. Geitner, who was already president of NextGear, receives these expanded duties as Patrick Brennan, who had been group vice president of finance services, became Cox Automotive’s senior vice president of operations and chief integration officer […] [Read More]

Matthias Mueller, Volkswagen AG’s chief executive officer, rallied the OEM's workforce on Tuesday, announcing to a group of over 20,000 employees at VW’s Wolfsburg, Germany plant that a plan is in the works to remedy the company’s recent diesel emissions scandal. With a focus on regaining trust and transparency, a news release from the automaker said Mueller […] [Read More]

How much is the Volkswagen diesel engine emission controversy impacting its certified pre-owned program? It may be too early in the process to tell.  On an EPA investigation update section of the Volkswagen of America website, VW said: "Right now, we’ve put a stop sale on all 2.0L 4-cylinder TDI equipped vehicles (new and certified pre-owned), […] [Read More]