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]

This week, Metrolina Credit Co. celebrated more than just Independence Day. The finance company that often originates subprime installment contracts with both independent and franchised dealers announced the opening of its new corporate offices and flagship branch office in Charlotte, N.C. The new facilities are located at 2331 Crownpoint Executive Drive, Suite N, in Charlotte. Metrolina Credit […] [Read More]

On Wednesday, Carvana expanded its growing footprint into Louisville, Ky., the company’s 31st market. Louisville residents can now search through over 7,000 vehicles on Carvana.com and schedule next-day home delivery of their vehicle following a purchase. “Our Louisville launch marks our presence in 31 markets in 15 states,” Carvana founder and chief executive officer Ernie Garcia said in a […] [Read More]