Along with finalizing a relationship with McLaren Automotive North America, Ally Financial this week responded to demands from a hedge fund that amounted to what the finance company chairman called a “clear agenda to force a sale of Ally.” Ally indicated the series of events leading up to the current situation included various document submissions, […] [Read More]

Covington — a law firm with a global footprint and whose stable of professionals includes former Attorney General Eric Holder, NFL Commissioner Paul Tagliabue and Homeland Security Secretary Michael Chertoff — created a new consumer financial services practice aimed at assisting clients with Consumer Financial Protection Bureau investigations, examinations and enforcement actions. Leading this new practice will […] [Read More]

DominionACCESS, a division of Dominion Dealer Solutions, recently finalized integration of its ACCESS Dealer Management System with RouteOne’s eContracting platform. Officials explained this new collaboration can streamline the contract and payment funding processes for their dealership customers nationwide. “A major focus for Dominion DMS this year has been improving vendor integrations within the ACCESS dealer […] [Read More]

Management at the Automotive Properties Real Estate Investment Trust (REIT) has been busy, announcing its third deal this week in less than a month. To start of 2016, the REIT reported it has agreed to purchase the Audi Barrie dealership property in Innisfil, Ontario, for approximately $11.1 million. The real estate deal is expected to […] [Read More]

While the final tally for the 2015 full-year sales total has yet to be announced, the certified pre-owned market is expected to post another record year. In the meantime, here is a sneak peek at how some brands fared in CPO for the year: BMW moved 115,903 certified vehicles in 2015 (up 12.5 percent year-over-year), and […] [Read More]

KAR Auction Services closed out 2015 on a philanthropic note, announcing toward the end of December that it had raised $173,228 for the United Way of Central Indiana. Following two weeks of fundraising, the campaign involved employees partaking in various activities to raise awareness about United Way’s endeavors. The events included a trivia contest, a […] [Read More]

Another year is in the books, and 2015 brought with it continued certified pre-owned sales growth for Canadian automakers. As full-year CPO results started rolling in, many automakers were reporting double-digit year-over-year increases, not to mention record years. For example, Audi Canada experienced a 17-percent year-over-year CPO sales spike in 2015. The automaker sold 6,625 […] [Read More]

You have probably heard this one before, but it bears repeating: there’s going to be a ton of lease returns this year. And you can likely expect to see record certified pre-owned sales again. But the interesting dynamic to watch in 2016 may be how these two trends mesh and the decisions shoppers will have […] [Read More]

Subaru and Ford are on top of two loyalty rankings released by Experian Automotive on Tuesday, while the ranking of individual model loyalty was dominated by luxury vehicles. According to Experian’s analysis of roughly 6.8 million household repurchases that put pen to paper between October 2014 and September 2015, Subaru and Ford ranked highest, first […] [Read More]

During the last week of December, auction prices were on the way down, but activity in the lanes held up well amidst the holidays. According to the latest Black Book Market Insights report, although all segments depreciated as 2015 came to a close, Black Book editors said auction personnel noticed overall prices stayed relatively strong […] [Read More]