Once final tallies are sorted, lease penetration figures for November are likely to shake out at a level similar to recent months, according to Kelley Blue Book senior analyst Alec Gutierrez, who said in a sales day conference call on Tuesday that leasing could end up with a share as high as 28 percent to […] [Read More]

Skip-tracers and private investigators who are instrumental in vehicle searches when the contract goes into default have more information than ever at their fingertips. But a new survey from TransUnion TLOxp found the top priorities for these industry players include privacy regulations and big-data management. The survey — which included more than 1,600 private investigators […] [Read More]

As federal regulators shared an update about the availability of parts to repair vehicles with faulty ignitions, General Motors announced its 79th recall of the year this week, detailing a campaign for more than 300,000 older sedans and SUVs because of a problem with their headlamps. The affected models for possible intermittent or permanent loss of […] [Read More]

Group 1 Automotive announced this week the expansion of its coverage in the United Kingdom with three new acquisitions. The dealer group has purchased Elms Bedford BMW/MINI, Elms Cambridge BMW/MINI and Elms Stansted BMW/MINI. The three dealerships, which will continue to operate under the Elms name, are estimated to generate $225 million in annual revenues. Earl […] [Read More]

Used supply is tight. Are you sick of hearing that yet? Well, you may be in luck, as Canadian Black Book editorial director Josh Bailey voiced some promising predictions for supply and used prices for the near future. Supply is expected to loosen this coming year, and as a result, prices are likely to start […] [Read More]

Two Michigan dealership are joining forces to make online vehicle transactions a reality for their customers. Katie Bowman Coleman, owner of Bowman Chevrolet in Clarkston, Mich.; and Sam Slaughter, owner of Sellers Buick-GMC in Farmington Hills, Mich., have merged their dealerships to form the Sellers Auto Group. The new business will be headquartered in Clarkston, Mich., […] [Read More]

Toyota Motor Credit Corp. acknowledged in documents filed with the Securities and Exchange Commission this past Friday that the Consumer Financial Protection Bureau and the U.S. Department of Justice sent a letter to the captive finance company alleging discriminatory practices regarding vehicle financing. The situation first developed earlier this year when these agencies requested that Toyota […] [Read More]

Today’s monthly payment driven consumers are keeping leasing levels on an upward trajectory, as Experian Automotive showed in its latest State of the Automotive Finance Market report. Analysts found that leasing accounted for 29.1 percent of all new-vehicle financing in the third quarter, up 7.1 percent from a year ago. And the latest level is […] [Read More]

Led by a nice boost in the number of late-model vehicle sales, the total value of all used cars sold last month climbed 15 percent year-over-year and reached $33.53 billion, according to data and analysis from CNW Research. That figure includes used cars sold by franchised and independent dealers as well as those sold by private […] [Read More]

XLerate Group, which was formerly known as American Auto Auction Group until revealing its rebranding last month, announced Monday that it has brought on Pat Dudash as senior vice president of sales. Dudash has held senior sales or remarketing executive positions with Insurance Auto Auctions, ADESA, JM Family and Alamo Rent A Car. Cam Hitchcock, […] [Read More]