With Enterprise Holdings sending resources as well, National Automobile Dealers Association president Peter Welch and National Automobile Dealers Charitable Foundation chairman Annette Sykora arrived in the flood-ravaged areas of Louisiana’s capital city and announced they would seek to raise $2 million for franchised dealership families displaced by devastating flooding. Welch and Sykora are meeting with […] [Read More]

Element Financial Corp. announced that Michael Dolan has been named chief information security officer of its fleet management business. Dolan joined Element in 2015 when it acquired GE Capital Fleet Services, bringing more than 16 years of legal and information security experience. He began at GE Capital Fleet Services in 2008 as vice president, counsel […] [Read More]

Recall Masters, a provider of automotive recall news, data, training and communications, finalized an integration on Tuesday with Auto Rental Systems (ARS), a cloud-based loaner vehicle management system, in an effort to help dealers manage their loaner and rental fleets. The companies explained the ARS Recall module can perform a nightly scan of all fleet […] [Read More]

It was status quo for car deprecation last week, while truck values fell at a slower pace than the week prior, according to Black Book’s weekly Market Insights report.   Volume weighted, overall car segment values (models years 2008-2014) decreased by 0.78 percent last week, on par with the previous week’s 0.77 percent, while truck […] [Read More]

Jumpstart Automotive Group has unveiled a new logo and announced it is changing its name back to Jumpstart Automotive Media. The changes come on the heels of Jumpstart’s becoming part of the the newly formed Hearst Autos, joining such consumer brands as Car and Driver and Road & Track. “The formation of the Hearst Autos […] [Read More]

When buying a vehicle, people basically have three options: new, non-certified used or certified used. While everyone knows what a new vehicle is, many people are unsure of the differences between a certified and non-certified used vehicle, and the pros and cons of each. Savvy buyers look for the certified pre-owned (CPO) label, and dealers […] [Read More]

Certified pre-owned sales continue to climb and hit records. And used-car inventories are getting younger at franchised dealerships, with 58 percent of their used-car inventory in the second quarter at 3 years old or newer, according to Edmunds.com. In its Q2 2016 Used Vehicle Market Report, Edmunds said 22.6 percent of franchised dealers’ used-car sales in the second quarter […] [Read More]

The Blue Sky Report from Kerrigan Advisors released on Monday highlighted that the number of large, multi-dealership transactions rose by 52 percent year-over-year during the first half of 2016. Along with seven other key findings from its analysis of the first six months of the year, Kerrigan Advisors found there was a decline in overall […] [Read More]

Rapid Recon founder and chief executive officer Dennis McGinn pinpointed what he called five common mistakes that go undetected and unresolved in vehicle reconditioning that can cost dealers gross margin and erode their ability to be more competitive. “As the industry tightens over the months ahead, fixing these five broken processes now will increase reconditioning’s […] [Read More]

Security breaches can devastate a business, and dealerships — with their cast stores of customer information — are no exception. Citing data from a recent survey conducted by Osterman Research, Helion Technologies announced that 75 percent of small businesses have experienced security breaches in the last 12 months. The findings were published in a July report […] [Read More]