If you have certified pre-owned units with alternative powertrains, the spring issue of Perspective from J.D. Power Valuation Services (formerly NADA Used Car Guide) offered some insight into why it might be difficult to turn that vehicle. Before it became that CPO model, J.D. Power analysts explained that alternative segments generally have weaker demand and […] [Read More]

Stemming from some of the feedback organizers shared, the National Alliance of Buy-Here, Pay-Here Dealers completed its mission during the 19th annual National BHPH Conference last month in Las Vegas. John Baughman of Lake Erie Auto Credit said, “I wanted to come away with at least one idea that would help our business. I got […] [Read More]

EFG Companies recognized independent stores that turn about 50 vehicles monthly need the same F&I resources as franchised stores that watch two, three or four times that many units roll over the curb each month. It’s why the company announced the launch of its virtual F&I model, Simplicity Finance and Insurance. With Simplicity Finance and […] [Read More]

For the third year in a row, Donlen has been recognized by the National Association for Business Resources (NABR) as one of Chicago's Best and Brightest Companies to Work For, the company recently announced. Dolen and other winners will be honored at a symposium and awards celebration on July 17 at the Chicago Marriott Southwest at […] [Read More]

Monday morning was a “surreal” moment for Cars.com chief executive officer Alex Vetter and company. Cars.com leadership and a handful of dealerships were on hand at the New York Stock Exchange to ring the Opening Bell, in what Vetter calls a “defining day for our company.” Cars.com wrapped up its spinoff from TEGNA on Thursday […] [Read More]

While differing on how first-quarter activity unfolded, both Kerrigan Advisors and Haig Partners shared upbeat assessments of dealership buying and selling activity for the rest of 2017 as each used the adjective, "robust." First, at Kerrigan Advisors, the firm reported that the action of dealerships changing hands “remains robust” for Q1 in spite of slowing […] [Read More]

Black Book’s Used Vehicle Retention Index for May dipped both on a sequential and year-over-year basis. With four car segments sustaining drops, the May index reading came in at 112.3, which was down by 0.7 percent from the April mark of 113.1. The May reading also represented a 5.6-percent decline versus the same month last […] [Read More]

With the Consumer Financial Protection Bureau taking a greater interest in what service providers finance companies are using, Recovery Industry Services Co. (RISC), a provider of collateral recovery training, certification and compliance solutions, recently announced that it has signed a definitive agreement to acquire Recovery Compliance Solutions (RCS). The move was made in order to enhance […] [Read More]

FactorTrust recently released its enhanced Triggers solution, which provides tools to notify finance companies and other lenders of specific consumer behaviors on an ongoing basis and identifies the right-party contact information for collection and recovery efforts. The company explained that Triggers are alerts for pre-specified consumer events or changes reflected on FactorTrust’s credit database that […] [Read More]

Dealer Teamwork recently announced that it has received a United States Patent for its Merchandising, Personalization and Optimization Platform (MPOP) technology that creates, distributes and publishes contextual marketing campaigns. The new patent covering Dealer Teamwork’s MPOP technology grants valuable intellectual property protection for the company’s processes regarding methods and data formats connected to developing marketing campaigns […] [Read More]