NORWALK, Conn. and TORONTO — Element Financial Corp. and GE Capital announced a definitive asset purchase agreement late last week under which Element would acquire GE Capital's Canadian fleet portfolio. The deal the companies entered would also result in Element and GE Capital creating "a strategic alliance to deliver comprehensive vehicle fleet financing and management […] [Read More]

Despite declines by both franchised and independent dealers, industry-wide used-vehicle sales nudged higher in May, climbing just under 2 percent from the year-ago period, according to the latest data released by CNW Research this morning. Year-to-date sales through five months are up 4.3 percent. And within the certified pre-owned slice of the used-car market, several […] [Read More]

Today, Dealer.com introduced MyCars to its website product family, a solution site executives described as a convenient feature at the top of a dealer website. The site highlighted that MyCars can make the vehicle shopping process more organized, more informative and more actionable for the shopper, and can provide the dealer with valuable insights that […] [Read More]

National Creditors Connection recently formalized a strategic alliance with Del Mar Recovery Solutions to perform repossession agent on-site inspections.  In this strategic alliance, officials explained NCCI will assume on-site inspection responsibilities of repossession lots for Del Mar’s network of more than 450 repossession agents.  Del Mar Recovery Solutions specializes in national repossession management, skip-tracing and […] [Read More]

Similar to relationships with pets, some people seem to prefer their cars over people. And there may be something to learn for dealers from studying how drivers relate to their vehicles. A new survey from AutoTrader.com explores the reasons why people’s "relationships with their cars are longer than ever before." The responses show that relationships […] [Read More]

In April, Ford dominated the list of most-researched used vehicles at KBB.com, claiming eight of the 25 spots. But in May, however, things were a little more balanced between the various brands making the list. Ford and Honda led the way, each brand claiming five spots, with Toyota not far behind at four. There were […] [Read More]

On Monday, Cars.com launched Cars360, what it’s calling an audience extension solution designed to help dealerships extend their reach and influence shoppers even after they have left the site.  As consumers spend more time online and longer periods of time in-market, site officials explained Cars360 is designed to keep a dealer’s brand top-of-mind throughout the […] [Read More]

According to action seen in the lanes this past week, wholesale car and truck prices continue to slide. In the latest “Beggs On the Used Car Market” report, Black Book's Ricky Beggs explained that the trend within the car segments had  a fourth consecutive week of greater than $40 average segment price dips. Last week, […] [Read More]

For dealers, the success of their sales staff is perhaps one of the most important elements of the entire store. In studying the most troubling roadblocks for sales staff during sales negotiation, Joe Verde Sales and Management Training found that price is perceived to be the most troubling part of the sales negotiation process. In […] [Read More]

According to information sent to Auto Remarketing on Monday, Ford issued a total of three safety recalls, with the largest being for approximately 465,000 vehicles from the 2013 model year. That particular recall was issued because a fuel delivery module in the fuel tank may leak. The vehicles included in that  campaign are the 2013 […] [Read More]