Sometimes your customers not only want their tires and wheels to function correctly, they want them to look sharp, too. To help, Wise F&I recently rolled out a product offering on Monday that includes tire and wheel protection, plus appearance coverage benefits, called TIREWise PLUS. Wise F&I president and chief executive officer Matt Croak explained […] [Read More]

In a transaction one top executive called a “industry changing,” last week Reynolds and Reynolds announced the acquisition of American Guardian Warranty Services (AGWS), a provider of vehicle service contracts, limited warranties and other F&I products and services. Reynolds said the acquisition will provide a “clear path” for dealers looking to streamline selling aftermarket products […] [Read More]

Think of the used-car supply picture back in 2010 through 2012. These were the years in the aftermath of the Great Recession, automaker bankruptcies and, ultimately, new-vehicle sales tanking. “All you dealers out there that remember trying to get used cars, especially lease maturities back in 2010, 2011, they weren't there,” Jonathan Banks, vice president of […] [Read More]

Dealers Auto Auction Group said Monday it has promoted Stacy Brown to serve as the group’s vice president of digital sales. In this role, Brown will lead a team to drive growth in the DAAG digital platform across the U.S. Brown has been in the industry for more than 24 years and returned to her […] [Read More]

America’s Group has added to the management team of its America’s Auto Auction Charleston and America’s Auto Auction Savannah locations, announcing that Bo Baxter has returned to be the marketing and sales manager for the two auctions. Baxter was the marketing and sales manager for what was then Charleston Auto Auction between 2003 and 2008, […] [Read More]

Tuesday was the last day of January, but the experts at Black Book already are thinking about spring. They said that “early signs of a potential spring bump in the market are starting to emerge.” With wholesale prices softening only 0.50%, Black Book pointed out in the newest installment of Market Insights that those spring […] [Read More]

While still on the watch for “cutting corners to fuel their profit model,” the Consumer Financial Protection Bureau (CFPB) recently released its annual report that details improvements made by the three largest credit bureaus  — Equifax, Experian and TransUnion. The Fair Credit Reporting Act requires the CFPB to submit an annual report about complaints submitted […] [Read More]

Coinciding with the National Independent Automobile Dealers Association and Buckeye Dealership Consulting announcing an integration of the NIADA 20 Groups with Buckeye’s Dealer Performance Groups, NIADA is welcoming back one of its previous moderators. According to another announcement from NIADA, David Brotherton is back with the association, having worked with NIADA prior to June 2021. […] [Read More]

NextGear Capital closed the opening month of the new year by announcing the promotion of three individuals from Cox Automotive to fill key roles on its client-facing team. The moves are aimed strengthen its partnerships and further its commitment to independent dealer success.  The three executive promotions include: • Kali Gipson joins NextGear Capital’s sales […] [Read More]

The sky is not falling in the used-car market, but certainly the expectation is for another challenging year in sales. Brighter days may be on the horizon, but the year appears to have started on a bumpy note. TrueCar is forecasting … [Read More]