Today, Element Financial Corp. will finalize its long-anticipated acquisition of GE Capital’s U.S.-based fleet management operations. According to William Cieslak, Element Fleet Management’s vice president of vehicle remarketing, all portions of GE Capital Fleet Services in the United States will transition from the GE brand immediately. Element had previously announced in June that it and GE Capital had […] [Read More]

The National Alliance of Buy-Here, Pay-Here Dealers is bringing together seven of the most experienced, knowledgeable legal experts who have several decades of collective experience in the auto regulatory world for the 12th annual NABD East Coast Conference. The conference theme is “More Success, Less Risk,” and the event is designed for both new and […] [Read More]

Manheim Riverside celebrated the opening of its two new facilities in Riverside, Calif. on Thursday. The new facilities include its indoor Vehicle Inspection Facility and the Kelley Blue Book Resource Center, adding to its already significant 89,000-square-foot Manheim California Service Center, which opened in 2013. The celebration on Thursday morning included local community members and […] [Read More]

With the stock market wobbling at times recently more than that beater on your lot with the really bad tires and alignment, Cox Automotive chief economist Tom Webb and Edmunds.com director of industry analysis Jessica Caldwell each took a turn to consider implications in the auto world. Webb acknowledged when he was assembling the August […] [Read More]

Asbury Automotive Group has sold a Porsche dealership in Missouri to Houston-based indiGO Auto Group, a 5-year-old company that has now bought two Porsche stores in the St. Louis area in less than four months. The latest buy for indiGO is Plaza Porsche, located in Creve Coeur, Mo. Prior to buying this Asbury store, indiGO […] [Read More]

After TrueCar announced its prediction for a 3.8-percent year-over-year increase in used sales last week, further forecasts for August results came pouring in. Like this prediction from Edmunds.com: the company expects an estimated 3.22 million used cars to be sold in August, which represents a SAAR of 36.8 million. According to Edmunds data, this is […] [Read More]

Digital Air Strike announced Thursday that it’s welcoming two new executives to its management team. Joining the team are Susan Burke and Beth Kelly, taking on the positions of vice president of OEM partnerships and vice president of client results, respectively. Combined, the pair brings over 50 years of experience in the industry. Both will […] [Read More]

With the proliferation of tablets and other technology that make consumers' lives easier, digitizing the F&I process can have lasting, positive impacts on customer satisfaction for dealerships, according to a new study from MakeMyDeal and F&I Express. Titled, "The Digital F&I Experience Study," the study showed that consumers who had one or more digital elements in […] [Read More]

SubPrime Forum exhibitor BillingTree recently completed its examination in conformity with Statement on Standards for Attestation Engagements (SSAE) No. 16, Reporting on Controls at a Service Organization for the period from May 1 of last year through April 20 of this year. Completion of the SSAE 16 Type II examination indicates that selected BillingTree processes, […] [Read More]

GrooveCar Direct is expanding again through a pair of new partnerships to bolster its vehicle-buying resource for the nation’s credit union industry. Coming aboard the platform are Service 1st Credit Union of Tampa, Fla., as well as Long Island Realtors Federal Credit Union in West Babylon, N.Y. Service 1st is a state chartered, federally insured, […] [Read More]