Already having forged bonds with industry participants such as Black Book, First Investors Financial Services, Fletcher Jones Auto Group and Westlake Financial Services, AutoGravity announced a relationship with another significant industry player looking to leverage its advanced mobile technology to help vehicle shoppers secure financing. VW Credit (VCI) on Thursday announced that it has committed […] [Read More]

While Volvo’s recent move to place electrification at the forefront of its business is exciting, it could pose a challenge for U.S. remarketers in the near future, says Edmunds Ivan Drury. The Swedish automaker turned many heads on Wednesday when it announced its plans to fit all of its post-2019 vehicles with electric motors. Drury […] [Read More]

Group 1 Automotive has purchased a 12-store dealership group in the United Kingdom, bumping its store count in the country to 43, the retailer announced Wednesday. Beadles Group Ltd. includes seven brands throughout its dozen stores in the greater London area: Jaguar, Land Rover, Kia, Skoda, Toyota, Vauxhall, and Volkswagen. These stores will keep the Beadles […] [Read More]

Certified pre-owned vehicle sales were down a bit year-over-year in June, but year-to-date sales still beat the first-half totals from a record 2016. According to Autodata Corp., there were 221,853 CPO sales last month, which was down 0.8 percent from June 2016. Through six months, there have been 1.34 million certified sales, up 1.2 percent […] [Read More]

Ignite Consulting Partners is hosting a free webinar focused on one of the most complicated services buy-here, pay-here dealers sometimes offer their customers — reporting of payment activity to one of the credit bureaus. Richard Hudson, chief optimization officer at Ignite Consulting Partners, is scheduled to conduct a one-hour discussion focused on some of the […] [Read More]

Auto/Mate Dealership Systems has selected Lisa Copeland of Lisa Copeland Global Enterprises to deliver the keynote address for its Customer User Summit from October 11 to 13 in San Antonio. Copeland’s presentation is titled "Outwitting Fear; Mastering the 7 Principles of Fearless Success." "Lisa is a longtime motivational speaker in the auto industry and her […] [Read More]

Well, the convergence of cars and trucks depreciating at the same rate lasted all of a week. The newest Black Book Market Insights report showed truck segments deprecating only by 0.9 percent last week, much less that in comparison with the car segments, which depreciated by 0.31 percent overall. In fact, editors noticed three specific […] [Read More]

Sales of finance and insurance products, especially vehicle service contracts, are expected to range from flat to slow growth over the next several months, especially if interest rates remain low. Dealers’ sharper focus on presenting the value of F&I products, broader acceptance by consumers and a wider array of products all help promote sales, said […] [Read More]

Along with looking to ascertain how few Americans have no emergency savings, a median-income household can only afford the average-priced new vehicle in one of the 25 largest U.S. metropolitan areas, according to a new Bankrate.com report released this week. Turns out the lone metro area to meet the requirements study orchestrators set was Washington, […] [Read More]

With interest gaining steam toward combating fraud, PointPredictive landed funding from Mosaik Partners, an expansion-stage venture capital fund, to enhance its efforts as a provider of fraud solutions to banks, lenders and finance companies. PointPredictive announced on Wednesday that the company finalized the successful closing of Series A funding earlier this month. While no specific figures […] [Read More]