In November, New York- and Dallas-based Vroom — part of the growing direct-to-consumer online used-car space — announced it would start providing its services to dealers, as well. Through an app built specifically for them, dealers can sell their vehicles to Vroom, with the same appraisal process as the consumer-facing side of Vroom’s services. Dealers […] [Read More]

The Larry H. Miller Group of Companies — a group that includes the Larry H. Miller Dealerships, among many other business entities — announced the release of “Behind the Drive: 99 Stories from the Life of an American Entrepreneur” on Friday, a collection of stories passed down about Larry H. Miller and written by his son, […] [Read More]

Volkswagen Group of America elevated one of its executives at VW Credit on Monday to be president and chief executive officer of the captive finance company. Taking on the role effective Jan. 1 is Horst Meima, who most recently served as executive vice president and chief financial officer of VCI. Meima brings with him more […] [Read More]

The next session in Dealertrack Technologies’ series of free webinars delves into how dealers can learn best practices for embracing digital retailing to keep their dealership from derailing in the face of an evolving approach to sales. Dealertrack digital retailing expert Ali Mendiola said today’s consumers demand a seamless and transparent online to in-store experience. […] [Read More]

Consumers hit the Web for Cyber Monday to start the week off with some shopping, and one North Carolina dealership took the vehicle deals it offered for the event beyond its website and onto Facebook. Bryan Honda, one of the state’s oldest dealerships, announced last week it would be selling vehicles in real-time directly within […] [Read More]

Auto dealers: Here are nine new cars you might want to begin focusing on in your sales department. The Automobile Journalists Association of Canada has released nine “Best New” category winners for 2016, including double wins for both Volkswagen and Mercedes-Benz.  The nine vehicles are now in the running for the overall Canadian Car of the Year […] [Read More]

The J.D. Power 2015 U.S. Consumer Financing Satisfaction Study gave two specific areas where auto finance providers need to focus their efforts on servicing processes. Stemming from the study that examines the overall customer experience with financing either an automotive loan or lease, J.D. Power analysts determined that finance companies should be anticipating the changing […] [Read More]

GO Financial announced on Monday that its first back-end pool payments began this month.  Executives highlighted some of the early GO dealer-partners are seeing the benefits from their first pools maturing and now are receiving back-end pool payments based on the strong performance of their loans.  The company also mentioned many of GO’s other early […] [Read More]

As you're likely aware, it’s not just the U.S. that is seeing a booming used-car market. India, in particular, appears poised for “accelerated growth” — nearly 167 percent, to be more precise — on the pre-owned side. Bearing that in mind, Cox Automotive announced a strategic investment in a division of Mahindra Group that includes […] [Read More]

Depending on whose forecast you subscribe to, new-vehicle sales this month may end up being the highest November has ever seen. And the used-car market? Well, count on it to reach at least 2.7 million sales  and probably more, if projections from Edmunds.com and TrueCar hold firm. Edmunds is forecasting 2.77 million used sales for […] [Read More]