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]

The Ontario Motor Vehicle Industry Council announced this week it is cracking down on a BMW salesperson for what OMVIC management is calling an elaborate vehicle export scheme. George Chan — a salesperson employed as a business manager at a BMW dealership in Markham —  has been charged by OMVIC for falsifying information and furnishing […] [Read More]

With the closing weekend of August upon us, Hudson Cook senior partner and chairman Tom Hudson shared his Top 10 list of practices buy-here, pay-here dealers need to recognize so they not only avoid a bad month, but the possibility of being on their way out of business. Items such as promissory notes, deal jackets […] [Read More]

It is late summer 1995 in New York City — one year before its Yankees reignited their baseball dynasty and won their first of four World Series in five years, one year after its Rangers reached hockey’s mountaintop and its Knicks got oh-so-close in basketball. And meeting in the singles finals of the U.S Open tennis […] [Read More]