Requisite Press reported Wednesday that it expects new-car prices to “stall” this year, perhaps offering price-conscious shoppers another reason to buy a new car. This news comes off a record year for new cars sold in the U.S., with 2015 sales coming in at 17.5 million. Requisite Press’ assertion stems from its December 2015 Auto Buyer's […] [Read More]

The news will come as no surprise to industry veterans, but market activity in the lanes last week began to slow, as is often seen at the turn of a new year. According to the latest Black Book Market Insights report, last week brought with it continued higher depreciation for smaller cars. But after a […] [Read More]

CU Direct Connect said Tuesday that 2015 was a record year for the company across the board. CUDC increased auto loan application volume by 52 percent, pushing funded contracts above $1.39 billion for a 39-percent year-over-year increase. The company posted a 33-percent gain in revenue and net income spike of more than 62 percent. Book value […] [Read More]

BillingTree announced this week several internal promotions within its executive committee. Citing its success in 2015 as the catalyst behind the advancements, including its total payment processing volume exceeding $2 billion for the year as well as the successful launch of its Payrazr payment solution suite, the following promotions were made: Nils Krumins, who joined […] [Read More]

With a new online program set to launch next month called the Factory Pre-Owned Collection, General Motors through its dealers will sell low-mileage GM lease, daily rental and company-owned vehicles, GM chairman and chief executive office Mary Barra announced today.  “We know that many of our customers who are shopping for a used car want to complete […] [Read More]

Hudson Cook LLP — provider of legal compliance services for the financial services industry — announced this week it has added a new partner. The firm has promoted Allen Denson to partner in its Washington, D.C. office. Allen has been an associate with the firm since January 2014. In particular, the new partner represents financial […] [Read More]

The Columbus Fair Auto Auction has named a new director of dealer sales to start the new year. As of Jan. 4, CFAA’s new director of dealer sales is Brent Branson, who will report to Tim French, the company’s vice president of sales. “Brent brings a disciplined dimension to our team,” said Greg Levi, CFAA’s chief […] [Read More]

Many people enjoy the convenience of having a car at their disposal. But the traditional ownership model may not be doing it for many consumers, who, in a recent study by IBM, are showing interest in other forms of ownership and car-usage methods. In its study, titled A new relationship – people and cars, the […] [Read More]

Not every dealership group can count the Utah Jazz as a sister company. But like Karl Malone taking flight off a John Stockton bounce pass, the Larry H. Miller Dealerships organization is assisted by the cross-marketing opportunities of being under the same corporate umbrella as an NBA franchise. LHM Dealerships is, of course, part of […] [Read More]

The California Air Resources Board, commonly known as CARB, rejected Volkswagen Group of America’s submitted recall plan for its 2.0-liter diesel vehicles on Tuesday, citing insufficient details in its plan as the reasoning behind its rejection. Here’s CARB’s exact verbiage: The proposed plans contain gaps and lack sufficient detail. The descriptions of proposed repairs lack […] [Read More]