An “anniversary fun fact” for JM Lexus: The business originally opened with 50 associates. Now the company employs 346. Five associates have been employed for more than 25 years. That is one of several “fun facts” that JM Lexus produced in celebration of its 30-year anniversary in South Florida. It all started for the business […] [Read More]

Trust Science gained important branding privileges this week. The company obtained official, exclusive registration over the use of “Credit Bureau 2.0” as a trademark from the U.S. Patent & Trademark Office. According to a news release, Trust Science and its sister companies around the world now are licensed to use the mark. Trust Science said […] [Read More]

S&P Global Ratings senior director Amy Martin recently assembled a report with a title that concisely summarized the current state of auto financing. Martin’s analysis titled, “Speed Bump Ahead: As Auto Loans Accelerate Toward 84 Months, Caution Is Warranted,” reviewed data from Experian as well as a sample of six providers — a mix of […] [Read More]

After launching a new integrated software product earlier in the week that it says will streamline the post-accident process, Enterprise Holdings on Friday announced the retirement of the third chief executive officer in its 60-year history, saying she is the highest-ranking woman in the entire U.S. car rental industry. Pamela Nicholson will retire as Enterprise […] [Read More]

Owner Mike Peebles has sold his long-time Metro Denver-area dealership Longmont Ford to a partnership of buyers that includes Maroone USA, which is a company owned by former AutoNation president and chief operating officer Mike Maroone. Also in the partnership of buyers are Serra Automotive and Pat Grooms, who will become president and operating partner […] [Read More]

For dealers who want to revamp or streamline their branding, Mood Media has what it believes is a complete solution. The in-store media solutions company dedicated to elevating the customer experience on Wednesday unveiled Harmony, its new all-in-one multimedia brand experience platform. This proprietary technology platform can enable brands to connect and manage all of […] [Read More]

The service drive can be just as important to dealer profitability as used and new vehicles rolling over the curb. With that thought in mind, Kelley Blue Book recently launched a new tool to help keep those service bays busy. Kelley Blue Book recently unveiled its new Auto Repair Guide experience, addressing what the company […] [Read More]

Want a good deal on a used vehicle? Get a beige one. According to automotive research firm and car search engine iSeeCars.com, some vehicle paint colors can mean good deals for used-vehicle shoppers. iSeeCars defined deals as 10% or more off a car’s market value. In analyzing more than 4.1 million vehicles to see which […] [Read More]

One of the most frustrating places where a finance company’s collateral can be during the repossession and recovery processes is the equivalent of “car jail.” To help mitigate risk and reduce that frustration, skip-trace and repossession management firm ALS Resolvion recently released a new impound management service called Impound Pro.  The “end-to-end” service is designed […] [Read More]

Fair made two significant moves in September, securing a $500 million revolving credit facility to help “sharply scale” its partnership with Uber along with buying Ford Motor Credit’s Canvas vehicle subscription service. And now Fair is turning its attention back to cultivating relationships with dealerships. Fair’s aggressive actions continued on Wednesday as the vehicle subscription […] [Read More]