It was announced late last week that Jacob Solotaroff of MAX Systems has been added to the lineup of the fourth annual DrivingSales Executive Summit. Solotaroff — senior vice president, general manager of MAX Systems — will be presenting a breakout session titled, “Staying mobile: How to sell to today’s savvy buyers” at the event, […] [Read More]

Inventory: the focus of many used-car dealers as auction prices remained high this year and quality, used units proved scarce. Lithia Motors senior vice president and chief financial officer Chris Holzshu offered some advice and best practices utilized by the dealer group’s stores during the recent J.P. Morgan Auto Conference. On-demand webcast recordings of presentations […] [Read More]

MetroGistics, a full-service vehicle transportation company based in St. Louis, has announced it has relocated from South 7th Street to a much larger space at 110 Rock Cliff Court, Suite D. While it has also recently opened a branch office in Port Huron, Mich., the company’s corporate headquarters remain in the greater St. Louis area. […] [Read More]

According to a recent study from shopping site CarGurus, men may be willing to spend a bit more on the lots than female customers. The study released Tuesday suggests that “when it comes to buying a car, men tend to shop longer and spend more than women.” [Read More]

As subprime auto lending gains more steam — by as much as 20 percent in some instances — analysts from NADA Used Car Guide and Fitch Ratings explained how the latest movements are benefiting dealers and investors. When it comes to moving new metal, Jonathan Banks, executive automotive analyst with NADA Used Car Guide, recently […] [Read More]

Experian Automotive revealed recently that consumers continued to make timely auto loan payments during the second quarter, lowering the average delinquency rate across all lending organizations, including commercial banks, captive finance arms, finance companies and credit unions. Experian’s analysis showed that the second-quarter’s 30-day delinquency rate stood at 2.52 percent, compared to 2.59 percent in […] [Read More]

American Recovery Association and RISC are holding free continuing education to benefit recovery and remarketing professionals this week, as is MasterFiles’ skip-tracing expert Alex Price. The one-hour Webinars conducted by ARA and RISC are broken into three 20-minute sessions. They are geared to focus on the “color of the law,” how recovery agents can protect […] [Read More]

This morning, Penske Automotive Group revealed a pair of financial note offerings. The first of the two announcements resulted in Penske commencing a cash tender offer for any and all of its outstanding $375.0 million aggregate principal amount of 7.75 percent Senior Subordinated Notes due 2016. In connection with the tender offer, the company is […] [Read More]

NADA Used Car Guide projected that used-vehicle depreciation isn’t going to slow down as the industry approaches autumn. In their August edition of Guidelines, analysts forecasted September’s average drop to be within the range of 3 percent to 3.5 percent; a level slightly less than what was listed in August’s edition of the Official Used […] [Read More]

With the economic recovery slowing and the chance of retirement perhaps becoming slim for many Americans, Colorado franchised dealers now have another option when looking for ways to take the next step. NADART — the financial services division of the National Automobile Dealers Association — revealed its endorsement by the Colorado Automobile Dealers Association.  NADART […] [Read More]