The sale of Dent Wizard to Gridiron Capital is now officially finished. H.I.G Middle Market announced Tuesday that its affiliate has completed the sale of Dent Wizard International to Connecticut-based Gridiron. H.I.G. Middle Market is the dedicated middle market investment affiliate of H.I.G. Capital.   Terry Koebbe, Dent Wizard’s chief executive officer, said: “H.I.G. has been a […] [Read More]

The National Automobile Dealers Association applauded the continued bipartisan efforts in Congress to rescind what it considers “flawed” guidance from the Consumer Financial Protection Bureau that would “harm” consumers by limiting their ability to obtain discounted auto financing. This week, Rep. Frank Guinta, a New Hampshire Republican, and Rep. Ed Perlmutter, a Colorado Democrat, introduced […] [Read More]

The latest report from a pair of experts at the Federal Reserve Bank of St. Louis included a question that could significantly impact finance companies and dealership F&I departments. The report was titled, “Student Loan Delinquency: A Big Problem Getting Worse?” Senior economist Juan Sanchez and technical research associate Lijun Zhu found that the delinquency rate for […] [Read More]

NCM Associates announced recently that it has allied with Autotrader to provide NCM 20 Group clients with a free performance report aimed at helping them maximize sales of new and used vehicles. Via the alliance, Autotrader will automatically feed actual data and metrics on dealership performance into a composite set to provide NCM dealer clients […] [Read More]

VinSolutions launched a new equity mining tool for dealers on Tuesday, which aims to capitalize on the growing importance of customer data. Target, the new tool in the VinConnect customer relationship management (CRM) solution, works to allow dealers to mine their customer databases in an effort to find more sales opportunities and convert them, using […] [Read More]

Swapalease.com reports that lease credit approvals for March took a tumble again, extending a string of swings above and below what the site considers to be a healthy reading. For March, credit approvals came in at just 60.0 percent of lease transfer applicants with the 2015 average off the average healthy pace at just 63.4 percent. […] [Read More]

Automotive strategic information and insight provider IHS Automotive announced its Integrated Lead and Incentive Management solution that has launched in partnership with HookLogic. The solution aims to help OEM national sales companies improve their web-based lead performance and incentive management as part of its larger audience analysis, targeting and activation service. According to the company, […] [Read More]

TrueCar shared three statistics, in particular, that may offer some perspective on just how much momentum is building in the certified pre-owned business. First, the 2.6 million CPO sales the firm forecasts for 2015 is larger than its projection for new pickup truck sales (2.3 million) and new premium/exotic vehicles (2.1 million). Second, the supply of certified vehicles was at […] [Read More]

As the sun sets on this year's Masters Tournament and a new champion dons the green jacket, there remains four certified pre-owned vehicles on Autotrader's list of the top 10 vehicles for golf lovers that can be enjoyed for many seasons to come.  Every year, shortly before the tournament begins, the company releases a list, based […] [Read More]

Officials from masterQueue, powered by Intellaegis, recently teamed up with Whitepages Pro to deliver a specialized offer to the collections and skip-tracing industries. Starting now, users can integrate Whitepages Pro’s identity data into the following three offerings from masterQueue, including: — Contact management program — ATDS compliant dialing system — Skip-tracing solutions The company explained […] [Read More]