The supply of certified pre-owned inventory for General Motors dealers is not going to be impacted by the automaker’s Factory Pre-Owned Collection program, the manager of that program told Auto Remarketing on Wednesday afternoon. “A lot of those (CPO units) come from trade-ins, so they still have that channel,” GM’s Tom Kinney said. “And then, […] [Read More]

Businesses today, large and small, are facing what seems to be the most impatient generation of humans ever when it comes to commodity acquisition. They know what they want and they want it now. And that impetus also extends to their vehicle purchase transaction — which they want to be quick and painless. This is […] [Read More]

Many companies, including dealerships, tend to tout company culture as part of their recipe for success. Not very many, however, tend to survive three generations of familial torch bearing and reap the rewards quite in the same way as Ohio’s Ricart Automotive Group. It started with Paul Ricart on Independence Day in 1953 as a […] [Read More]

Two of the Big 3 automakers were recognized during the 20th Annual Automotive Loyalty Awards presented by IHS Automotive this week. General Motors was honored in the category of Overall Loyalty to Manufacturer for the 2015 model year, while Ford won the Overall Loyalty to Make category. According to IHS, the automotive loyalty awards recognize […] [Read More]

Requisite Press reported Wednesday that it expects new-car prices to “stall” this year, perhaps offering price-conscious shoppers another reason to buy a new car. This news comes off a record year for new cars sold in the U.S., with 2015 sales coming in at 17.5 million. Requisite Press’ assertion stems from its December 2015 Auto Buyer's […] [Read More]

The news will come as no surprise to industry veterans, but market activity in the lanes last week began to slow, as is often seen at the turn of a new year. According to the latest Black Book Market Insights report, last week brought with it continued higher depreciation for smaller cars. But after a […] [Read More]

CU Direct Connect said Tuesday that 2015 was a record year for the company across the board. CUDC increased auto loan application volume by 52 percent, pushing funded contracts above $1.39 billion for a 39-percent year-over-year increase. The company posted a 33-percent gain in revenue and net income spike of more than 62 percent. Book value […] [Read More]

BillingTree announced this week several internal promotions within its executive committee. Citing its success in 2015 as the catalyst behind the advancements, including its total payment processing volume exceeding $2 billion for the year as well as the successful launch of its Payrazr payment solution suite, the following promotions were made: Nils Krumins, who joined […] [Read More]

With a new online program set to launch next month called the Factory Pre-Owned Collection, General Motors through its dealers will sell low-mileage GM lease, daily rental and company-owned vehicles, GM chairman and chief executive office Mary Barra announced today.  “We know that many of our customers who are shopping for a used car want to complete […] [Read More]

Hudson Cook LLP — provider of legal compliance services for the financial services industry — announced this week it has added a new partner. The firm has promoted Allen Denson to partner in its Washington, D.C. office. Allen has been an associate with the firm since January 2014. In particular, the new partner represents financial […] [Read More]