The newest analysis from Bain & Company about the private equity world contained another positive theme. In March, Bain said it was already seeing “green shoots” in the private-equity world. On Monday, analysts said the two-year long slump in global private equity looks “finally to be bottoming out, with the industry finding a footing from […] [Read More]

Last week, the Federal Trade Commission provided its annual report to the Consumer Financial Protection Bureau on its enforcement and related activities in 2023 on the Truth in Lending Act (TILA), Consumer Leasing Act (CLA), and Electronic Fund Transfer Act (EFTA). And the three main segments of that report — also provided to the Federal […] [Read More]

Brent Carmichael has been a 20 Group moderator, instructor and dealership consultant with NCM Associates for almost two decades, and is now practically synonymous with 20 Groups. So much so that in being introduced before one of his two sessions at the 2024 BHPH United Summit in Las Vegas this spring, he was described as […] [Read More]

When buy-here, pay-here dealers Luke Godwin and Jeff Watson attend an auto industry conference, everyone knows who they are. As hosts of The Independent Dealer Podcast, they have built a loyal following by sharing insights from their businesses and picking the brains of industry experts. During the 2024 BHPH United Summit in Las Vegas, Godwin […] [Read More]

Kevin Roberts, director of industry insights and analytics at CarGurus, joined the Auto Remarketing Podcast from the Auto Intel Summit + National Remarketing Conference last month in Cary, N.C. He sat down with Cherokee Media Group senior editor Joe Overby for a conversation about the data metrics that dealers should watch to maximize profitability and […] [Read More]

Coinciding with S&P Global Mobility discovering the average age of vehicles on the road is 12.6 years — an all-time high — Sunbit highlighted its own milestone on Thursday, announcing its buy-now, pay-later financing technology is available at more than 50% of dealership service centers in the U.S. Since launching in the auto services sector, […] [Read More]

Dealership profits are slowing from the astronomical pandemic-era levels, but the buy-sell market remains active, according to analyses by advisory firms in the space. The Presidio-NCM Average Dealership Performance Benchmark shows that an average franchised dealership had a 32.4% year-over-year slide in net pretax profit during the first quarter, following a 20.5% year-over-year decline in […] [Read More]

Experts at Comerica Bank, Cox Automotive and the University of Michigan all tried this week to decipher economic conditions and sentiments of consumers and policymakers. The general conclusion? “This week’s economic data shows a mixed picture,” Cox Automotive chief economist Jonathan Smoke wrote in his weekly column after recapping a variety of trends, including home […] [Read More]

Canada. Land of Canuks, mickeys, double doubles and a 25-piece patio set (IYKYK). It’s also the home of one of the continent’s finest industry events, Canada’s Used Car Week (CUCW). Held in Toronto, this year’s conference will take place June 25-27. Canada’s Used Car Week, hosted by Cherokee Media Group (CMG), is really a combination […] [Read More]

With summer driving season getting into full swing and perhaps your service drive becoming even busier, FrogData rolled out its newest tool this week. FrogData launched FixedOps Mojo, a service management dashboard that’s designed to optimize fixed operations for dealerships. Part of the WarrantyBoost+ solution, FixedOps Mojo leverages artificial intelligence-driven data analytics to provide actionable […] [Read More]