GO Financial and NextGear Capital recently launched their "Gear Up and GO" rebate program. Officials said this new promotion, which began on April 1, provides dealers the opportunity to earn a $100 credit for each eligible vehicle that is floor planned with NextGear Capital and sold to a consumer via GO financing. “It’s important to […] [Read More]

On Monday, Pelican Auto Finance engaged with product compliance and marketing firm FNI Inc. to provide management services and training for its recently announced vehicle service contract program with AUL. Pelican turned to FNI to design a standardized product marketing process for its sales force and dealer base, which currently extends into more than 30 […] [Read More]

The move by Tesla Motors to roll out a certified pre-owned offering online is good one, says Alec Gutierrez, but also a gradual one. And eventually it could open doors to more brand exposure for the automaker. During a conference call with reporters on Friday, the Kelley Blue Book senior analyst estimated that Tesla sells an […] [Read More]

The first three months of 2015 represented the best quarter ever for certified pre-owned sales, according to Autodata Corp., which said dealers moved 614,450 CPO vehicles in Q1. Not only did that follow the fourth straight year of record CPO sales, it also followed a fourth quarter in which leasing’s penetration of all new vehicles […] [Read More]

DCH Auto Group, which is a part of Lithia Motors, is calling attention to teen driving safety this month as part of Global Youth Traffic Safety Month (GYTSM).  Officials highlighted that throughout May, all DCH Auto Group dealerships in New Jersey, New York and California will be sponsoring activities to raise awareness about how to […] [Read More]

Wholesale network AutoWurld announced Thursday it has formed a partnership with Prime Auto Care to provide third-party volume-priced sales support services to its franchise, independent and wholesale dealers at a discounted rate with an AutoWurld membership. The services also include warranty and inspection services, including a 158-point inspection service through AutoWurld’s partnership with OneGuard that […] [Read More]

Penske Automotive Group's service and parts operations raked in roughly $260.3 million in overall retail automotive gross profit during the first quarter of 2015. This marked a 5.8-percent year-over-year increase and also accounted for 41.4 percent of the company’s gross profit mix in the quarter. When asked how much of a tailwind recall services were adding the parts and service business at […] [Read More]

Announced at the recent Auto Remarketing Canada Conference in Toronto, CarProof, the event’s lead sponsor, will be heading up “The Transparency Advantage,” or TTA, an industry think tank committed to innovation and forward movement in the automotive market. The organization and its members will work together to examine the current state of the industry, identify […] [Read More]

Announcing the second relationship with an automaker in less than a week, Ally Financial forged a new alliance with Aston Martin The Americas on Friday by launching a closed ended lease and retail finance program to U.S. customers. Ally has been named the preferred financing source for the British luxury automaker and will offer its […] [Read More]

Coinciding with the company offering more than 22.7 million shares of common stock to help to pay for the acquisition, Springleaf Holdings acknowledged this week that its intended purchase of fellow subprime institution OneMain Financial Holdings is running into some regulatory hurdles. In a filing sent to the Securities and Exchange Commission, Springleaf indicated it […] [Read More]