You now can add three F&I solutions to what Cox Automotive can provide to dealerships. Officials highlighted on Thursday that GO Financial and NextGear Capital affiliated dealers will soon be able to offer warranty, insurance and theft recovery products to consumers as a result of Cox Automotive’s strategic investment in SilverRock Holdings. The company announced […] [Read More]

Scotiabank released its Global Auto Report on Wednesday, predicting that new-vehicle sales in Canada will end up roughly the same as 2015’s tally of 1.9 million units. Looking closer at the numbers, Scotiabank’s predicted 1.9 million units to-be-sold for 2016 is slightly higher than the 1,898,000 vehicles that were purchased in 2015. In the report, […] [Read More]

Connected-car service provider Airbiquity released its 2016 industry predictions on Wednesday. Scott Frank, the company’s vice president of marketing, says we can expect the rapid pace of technology development related to connected vehicles to continue. "Automotive continues to face significant challenges—and opportunities—for connected car technologies and programs. The industry has only begun to scratch the […] [Read More]

What’s the best media to reach those customers in the market for a new car? Well, when it comes to TV and the Web, these buyers in the market flock to broadcast news and sports programs, both live on TV and streaming online. According to the J.D. Power 2016 U.S. Automotive Media and Marketing Report […] [Read More]

NADA University rescheduled a webinar titled, “Increase Profit Through Smarter Advertising,” a session aimed to help dealers attract high quality, profitable sales leads. The free webinar with presenter Adam Armbruster, senior partner at ESA & Company, is now set for Feb. 10 at 1 p.m. ET. Armbruster will show examples of successful dealerships and how […] [Read More]

DealerRater revealed the winners this week of its second annual Consumer Satisfaction Awards, which recognize U.S. and Canadian dealerships that have received high marks for outstanding customer service on DealerRater.com and DealerRater.ca. The Consumer Satisfaction Awards — an extension of DealerRater’s Dealer of the Year program — are given annually to the top 10 percent […] [Read More]

A month after making its first move with respect to interest rates in almost a decade, the Federal Reserve on Wednesday chose to pass on increasing the federal funds rate any further. The Federal Open Market Committee (FOMC) decided to maintain the target range for the federal funds rate at 0.25 percent to 0.5 percent […] [Read More]

In his State of the Union Address, President Obama gave a shout-out to the auto industry, touting its best year ever. I’ve been cautiously optimistic about the return of the auto industry, but it got me thinking — can this resurgence last? U.S. automotive sales in 2015 were the highest on record with 17.5 million […] [Read More]

The Automotive Assurance Group announced Wednesday that it has been acknowledged by Warranty Solutions as the top producing agency in the United States in 2015. AAG was honored during an awards ceremony hosted in Denver this week. "Automotive Assurance Group are leaders in the industry and have achieved great success with Warranty Solutions,” said Jason Winchester, […] [Read More]

Less than two months after Mark Floyd took the reins again as chief executive officer of Exeter Finance Corp., the interim leader used SubPrime Auto Finance News as a conduit to relay a message to dealers already in the subprime auto finance company’s network or stores considering it as a financing source for their retail […] [Read More]