On July 1, 1941 at 2:29 p.m., the first television commercial appeared on screens across the United States. Bulova, a watch company, aired their 10-second commercial at a cost of $9 prior to a Brooklyn Dodgers and Philadelphia Phillies baseball game. During the last Super Bowl, companies paid $5.6 million for a 30-second spot. Just […] [Read More]

Davis & Gilbert partner Joseph Cioffi makes another podcast appearance to offer more insights about the Credit Chronometer report that surveyed executives from throughout the subprime auto finance sector about the space’s prospects to navigate through the coronavirus pandemic. What Cioffi uncovered was the vast majority of survey participants remain upbeat, and he tells senior […] [Read More]

A Midwest franchised dealer group with its own finance company finalized a partnership with Inovatec Systems Corp. on Wednesday. The provider of cloud-based software solutions for all financial institutions now has a relationship with Wisconsin Consumer Credit, the financial arm of the Van Horn Automotive Group with 16 dealership locations throughout Wisconsin and Iowa.  According […] [Read More]

Perhaps accelerated by the coronavirus pandemic, electronic signatures and other fintech developments now are being utilized more frequently in connection with vehicles that end up being scrapped or dissembled for parts. Dealertrack and IAA recapped on Thursday that the General Assembly of North Carolina has amended its laws governing the title transfer of salvage vehicles […] [Read More]

Dilawri Group of Companies has added its first Lexus dealership. And its first store in the Laval market. The automotive group announced Wednesday it purchased Lexus Laval in Quebec, putting Dilawri’s dealership count up to 75. The store, located at 2000 Boulevard Chomedey in Laval, was founded in 1996 and includes a 10-vehicle showroom and […] [Read More]

Wholesale vehicle prices climbed to an all-time high in June, according to Cox Automotive, which said Wednesday the company’s Manheim Used Vehicle Value Index was a record 149.3 for the month. But don’t expect these highs in used-car values to last. More on that later, but for June’s purposes, the Manheim index was up 6.3% year-over-year. […] [Read More]

Auctions are pushing more vehicles through the wholesale system. Dealerships are seeing increases in retail-vehicle sales. Finance companies are building their portfolios, too. Might seem like a pandemic isn’t even impacting daily life, right? While the automotive industry has been a bright spot in recent weeks, an array of business owners, economic experts and policymakers […] [Read More]

Dominion Dealer Solutions unveiled an extensive rebranding and product launch for one of its growing divisions on Wednesday. The automotive software and services provider announced its award-winning customer intel platform now will be known as Activator and the division now will be named Activator Dealer Solutions. The company recapped that its Activator platform can empower […] [Read More]

With vehicle service contract companies and auto repair facilities ranking as some of the most distrusted industries by consumers, two companies in those spaces said they are committed to working together to change this reputation by providing transparency and higher levels of quality in vehicle repair. ProGuard Warranty announced on Wednesday that it formed a […] [Read More]

America’s Auto Auction promoted a staff member at its facility in Virginia Beach, Va., as the location welcomes customers back for live sales and readies for an upswing in fleet and lease volumes following the slowdown stemming from the industry restrictions put in place to battle COVID-19. According to a news release distributed on Tuesday, […] [Read More]