There was a phrase to describe the status of Q auto — used by an investment analyst during Wednesday’s quarterly earnings call — that Asbury Automotive Group chief executive Craig Monaghan seemed to like. In the Q&A portion of the call, Rick Nelson of Stephens Inc. asked whether Asbury’s plan was to “nurture these three […] [Read More]

Another high-ranking federal regulator tried to tie together what’s happening in vehicle financing nowadays to the mortgage-connected developments that created the Great Recession nearly a decade ago. Comptroller of the Currency Thomas Curry gave a speech to the Exchequer Club on Wednesday focusing on credit risk. When Curry got to the auto financing market, he […] [Read More]

Toyota announced this week a recall for issues with the driver’s side power window master switch in certain models, impacting 2 million vehicles in the U.S. And the safety recall affects  6.5 million Toyota vehicles worldwide. In impacted vehicles, the power window master switch may have been manufactured with insufficient lubricant grease. “If sufficient grease […] [Read More]

Matt Hale is the e-commerce specialist at Wolfe Langley Subaru, part of the Wolfe Auto Group in Surry, B.C. He may have only been in the business of selling cars for a little over two years, but he has certainly already made his mark. In fact, after over 20 years in the hospitality industry, Hale […] [Read More]

Toyota Canada Inc. announced a new safety recall this week for issues with the driver’s side power window master switch in certain vehicles. In impacted vehicles, the power window master switch may have been manufactured with insufficient lubricant grease. “If sufficient grease is not applied, under certain conditions the switch may develop a short circuit […] [Read More]

Assurant Solutions announced this fall that it has expanded its vehicle service capabilities via the acquisition of Coast To Coast Dealer Services, a Canadian auto-service contract company. Coast To Coast, founded in 1990 and headquartered in Hamilton, Ontario, is best known for providing service contracts for used vehicles, along with new-vehicle contracting and ancillary auto […] [Read More]

When you have to recondition a vehicle for your certified pre-owned inventory, what are your best practices? How many cars should you certify in the first place? What do you expect to get out of CPO, and what is your commitment to the program? Some dealers struggle with getting store-wide buy-in to CPO; what strategies […] [Read More]

Asbury Automotive Group sold more than 21,000 used cars last quarter and it has generated more than $1.3 billion in used retail revenues this year. But what about its same-store results? Gross profits? Gross margins? We’ve got a rundown below that gives a better glimpse of how the public retailer performed in the third quarter […] [Read More]

Putting the auction at the center of the retail trade-in process — sounds odd, right?  Not to Selectbidder, a Web platform and smartphone app that aims to utilize the auction’s traditional role of dealer network and bring it to the front end of the retail process to help get the dominos dropping a bit faster. […] [Read More]

Insurance solution Fetchaquote.com announced Wednesday the integration of its auto insurance service with the Wayne Reaves Dealer Management Software. According to the company, this integration will allow car shoppers the ability to quickly obtain multiple insurance quotes and purchase a policy online while present at a dealership. Joseph Kindley, Fetch’s president, explained that by working […] [Read More]