In the six years since Automobile Protection Corp.’s management team and Stone Point Capital came together to buy APCO back from Ford Motor Co., APCO has been searching for the right acquisition to complement its business. It found that ideal partner in GWC Warranty Corp., says Larry Dorfman, the chairman and chief executive officer of […] [Read More]

As the 2013 Auto Remarketing Canada conference, presented by CarProof, was wrapping up this past Tuesday evening, positive testimonials and feedback were already rolling in from the record 586 attendees that headed to the Fairmont Royal York in Toronto.  Over half of these attendees were dealers, with the remaining number including representatives from almost every […] [Read More]

When it comes to vehicle condition, “average” may suit many used-car shoppers just fine — and it appears that dealers have taken notice. Black Book has found that demand for average condition vehicles has climbed in the auction lanes as compared to clean condition vehicles. In fact, Black Book’s Ricky Beggs said in the analysis […] [Read More]

Easing fuel costs are causing asking prices for some used full-size SUVs — the Chevrolet Tahoe and Suburban in particular — to rise, according to analysis from Cars.com. Among the 10 used models with the biggest price increases this month, the average asking price for Suburbans shot up 19 percent or nearly $7,000 to $43,407 […] [Read More]

When the Consumer Financial Protection Bureau issued guidance regarding the auto finance market in March, many legal observers and dealer principals saw it as a direct attack on dealer participation, a strong income driver for stores’ F&I revenue. However, Dealertrack Technologies associate general counsel Randy Henrick attempted to quell fears that federal regulators were going […] [Read More]

As a recent blog entry from General Motors put it, modern cars are complex machines and even the best-trained dealer technicians need help on occasion with tough service issues they encounter. In its latest “Faces of GM” video blog, the company spotlights the work of its in-house Technical Assistance Center, led bymanager Dale Hall. “This […] [Read More]

After announcing the ninth annual Vincentric Best Value in America awards last week, Vincentric unveiled the winners for the fleet side on Monday. Specifically, the eighth annual Vincentric Best Fleet Value in America awards were led by General Motors, which claimed nine awards, followed by Ford and Toyota, each of which took eight. [Read More]

New information released by AAA shows that American motorists might just have a breaking point when it comes to high gasoline prices, and driving more fuel-efficient cars is the answer for many. According to a new consumer price index developed by AAA, half of U.S. adults consider gas prices to be “too high” when the […] [Read More]

Going into this week’s fifth annual North American Repossessors Summit, the executive director of the American Recovery Association made a call for what he described as “industry unity” in terms of fees and services offered. ARA’s Les McCook stressed that it’s time for all repo associations to “step up and support their members in every […] [Read More]

Through two months of 2013, the year-to-date used-vehicle sales figure for the average franchised dealer was 1.5 percent stronger than where it was a year ago, according to the most recent NADA Dealership Financial Profile. The data indicates that the used-car department of a franchised dealer, on average, generated more than $2 million in sales […] [Read More]