Processing total-loss claims triggering GAP coverage can be one of the most complicated tasks in F&I. JM&A Group is trying to reduce some of the stress connected with them. In order to improve efficiency and fulfill payments in a more timely manner, JM&A Group recently introduced new GAP claims self-service portals serving both consumers and […] [Read More]

In response to the coronavirus crisis, Sheehy INFINITI of Tysons in Virginia and Chantilly and Sheehy Ford of Marlow Heights in Maryland provided free disinfecting of automobiles for health care professionals. That is just one example of how Sheehy Auto Stores and its 29 dealerships throughout Washington, D.C.; Baltimore, Annapolis, and Hagerstown, Md.; and Richmond, […] [Read More]

Another independent auto auction has lined up EBlock to provide an avenue into dealer-to-dealer online wholesale segment. Akron Auto Auction announced the partnership with EBlock on Tuesday and said the first auction sales event between the two companies will be on June 18. EBlock and Akron Auto Auction will then hold online dealer-to-dealer sales each […] [Read More]

Dawn Walston is vice president and general manager of Titus-Will Toyota in Tacoma, Wash., which is part of the Titus-Will Automotive Group. She joins the Auto Remarketing Podcast to discuss how her dealership and group has navigated the COVID-19 pandemic in one of the hardest-hit areas of the country. To listen to this episode, click on […] [Read More]

Because of the COVID-19 pandemic and corporate travel restrictions, the International Automotive Remarketing Alliance has “revised its strategy” for its 2020 IARA Summer Roundtable Conference and will produce the “2020 IARA Virtual Summer Roundtable.” “IARA’s first consideration is the health and safety of its members and guests,” IARA president Paul Seger said in a news […] [Read More]

Vehicle sales aren’t the only retail category to drop because of the COVID-19 pandemic. Kerrigan Advisors’ first quarter 2020 Blue Sky Report outlined the decline of the dealership buy/sell market impacted by the same trigger. Kerrigan Advisors reported this week that Q1 activity fell by 9.3% year-over-year. The firm indicated transactions slated to close at […] [Read More]

Amid the recovery in the overall used-vehicle retail market, the certified pre-owned segment was an especially bright spot in May. According to a Cox Automotive analysis of data from Motor Intelligence, there were 237,495 CPO sales for the month. While that’s down 6% from May 2019, last month’s certified sales tally is 87% stronger than […] [Read More]

Sonic Automotive and its chain of standalone used-car stores, EchoPark Automotive, have chosen Darwin Automotive as their digital retailing partner for their 95 dealerships across 12 U.S. states. The companies said the partnership marks an extension of Sonic and EchoPark’s existing relationship with Darwin following the implementation of Darwin’s F&I presentation software in its dealerships. […] [Read More]

CliftonLarsonAllen (CLA) understands operators’ accounting activities became much more complicated this year if they participated in the federal Paycheck Protection Program (PPP). To provide crucial assistance, CLA recently announced new solutions to help borrowers tackle loan forgiveness. PPP guidance is released frequently, and the related calculations are complex as a new law was signed by […] [Read More]

Especially now during the coronavirus pandemic, operators need other ways of reaching their customers other than a face-to-face conversation. Textmaxx Pro, a national text message communication platform with special expertise in the automotive retail marketplace and part of the Leedom Group, recently entered a new partnership with the National Independent Automobile Dealers Association’s National Member […] [Read More]