The numbers point to just how rough the retail sales seas got for some buy-here, pay-here dealers in 2013. According to the BHPH Industry Benchmarks prepared by the National Alliance of Buy-Here, Pay-Here dealers in association with SGC Certified Public Accountants and NCM Associates, sales volume softened by nearly 7 percent last year, coming on […] [Read More]

In a recent study called “Women + Mobile: The Unbreakable Bond,” Time, Inc. and Nuance Digital Marketing discovered that women are incredibly reliant upon their mobile devices — in fact, 60 percent of women say their smartphone is the most important device they own, and 88 percent of women say their phones give them something […] [Read More]

Although cost is important to car shoppers, it seems that their time is also a big priority, and most aren’t willing to take extraordinary amounts of it just to haggle away at a car’s price tag. In its 2014 Car Shopping Trends Report, Edmunds.com said that while most shoppers at least try to get a […] [Read More]

Group 1 Automotive on Monday announced the acquisition of South Point Kia in Austin, Texas.  The dealership, which will operate as Kia of South Austin, is expected to generate $55 million in estimated annual revenues. "We are delighted to further expand our footprint in the Austin market, which includes Maxwell Ford, Town North Nissan and […] [Read More]

BMW Canada has a new leader. Hans Blesse assumed the role on Tuesday after the company announced former president and chief executive officer of the BMW Group Canada Eduardo Villaverde was leaving the company. Villaverde had taken on the role in September 2011 after running the company’s operations in Spain. Blesse has been with the […] [Read More]

Though wholesale prices remained at high levels in April, the recent trend of seasonal market softening has taken hold. According to ADESA Analytical Services, wholesale values sat at an average of $10,468 last month, up 0.3 percent from March and up 3.7 percent year-over-year. Midsize and mini SUVs had the strongest month-over-month and year-over-year price […] [Read More]

A finance manager at an Ohio franchised dealership set the examination bar quite high as a part of the inaugural boot camp recently orchestrated by the Association of Finance & Insurance Professionals. Ray Miller, finance manager at Joyce Buick GMC in Avon, Ohio, posted the highest score on the AFIP Senior Certification Exam at AFIP’s […] [Read More]

Credit Acceptance Corp. commenced a tender offer to purchase up to 915,750 shares of its outstanding common stock. The company pegged the price per share at $125.58 “We anticipate that we will obtain all of the funds necessary to purchase shares tendered in the tender offer, and to pay related fees and expenses, by borrowing […] [Read More]

Last week, the Consumer Financial Protection Bureau rolled out what the agency described as an updated and improved version of its eRegulations tool, including a new, electronic, user-friendly version of the Truth in Lending Rule — the flagship federal regulation protecting consumers when it comes to credit products. The CFPB noted that eRegulations is not […] [Read More]

A TrueCar executive used a medical analogy to describe how the company’s first day of trading on the Nasdaq Global Select Market went on Friday. TrueCar announced the pricing of its initial public offering of 7,775,000 shares of its common stock at a price to the public of $9 per share, a bit below the […] [Read More]