Volkswagen has been fitting devices to diesel cars to enable them to pass emissions tests. The view of automotive engineers — a group to which I most certainly do not belong — is that when the problem is “fixed” the vehicles will run terribly. But if owners attempt to ignore the issue, their cars will […] [Read More]

Mitsubishi Motors has officially launched a new certified pre-owned program that began rolling out across the country at participating Canadian dealerships at the beginning of December. The company says the new program is designed to bring a “new level of confidence” and quality assurance to shoppers looking for a Mitsubishi car, crossover or sport utility […] [Read More]

The combination of investor money and an online platform created by what the company calls an “A team” of industry veterans who have collectively more than 110 years of experience in automotive, below-prime automotive finance, billions of dollars of securitization execution and asset performance management generated a new website — SpringboardAuto.com. On Wednesday, the site […] [Read More]

ACA International dissected the 2015 fiscal year annual report by the CFPB Ombudsman’s Office that’s generated for Richard Cordray, director of the Consumer Financial Protection Bureau. Officials found the recently released report focused heavily on three potential changes to the CFPB’s consumer complaint database to make it a more effective tool for companies that participate […] [Read More]

Auto Financial Group — an online provider of innovative financing products including CarMark Auto Finance for credit unions and banks — announced year-to-date growth figures this week, revealing increasing momentum in new customer signings with AFG’s balloon lending and remarketing programs. Since August, Auto Financial Group highlighted that it has signed nine new credit unions […] [Read More]

F&I training specialist Rebecca Chernek is hosting a comprehensive, three-day educational workshop in an attempt to help dealerships and their managers to get into position for their most successful year yet. Among the 10 workshop highlights Chernek plans to cover during the event are: — Why inconsistency in F&I product and pricing kills profits and […] [Read More]

College football bowl games. Your office holiday party. TBS showing “A Christmas Story” on repeat. Predictably, these things happen every December. Lately, so does this: a used-car market that skews heavily toward certified pre-owned. December has become the month where CPO’s share of franchised dealer used-car sales is at its annual peak. In fact, says […] [Read More]

As announced last week, automotive companies will soon have three more domain extensions to choose from when crafting their Web presence: .cars, .car and .auto. The domains are being launched by Cars Registry — a joint venture between domain companies XYZ and Unregistry. To get some insight into what this means for dealers, Auto Remarketing reached […] [Read More]

Larry H. Miller Dealerships announced several high-profile changes to its executive-level structure this week, including the hiring of a new vice president and two internal promotions in the area of search engine marketing and optimization. Starting with the hire, on Monday LHM announced Veronika Egginton as its new vice president of digital development, where she […] [Read More]

November might have been the last month for a while that truck segments lead their smaller counterparts in terms of retained value.   Midsize pickup trucks may have had the best used-vehicle price strength last month, but continuing a trend discovered in recent weeks, truck segments are now showing greater depreciation than cars. The latest […] [Read More]