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News•by Staff•June 5, 2019

Group 1 Debuts Digital Sales and F&I Platform

Group 1 Automotive has launched AcceleRide, a fully online buying process that includes vehicle configuration, trade-in valuation, and financing options, at 79 U.S. dealerships.

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News•by Staff•June 4, 2019

KBB.com: New-Car Prices Up Nearly 4% in May

Kelley Blue Book analysts say a parade of new models helped drive the average price for a new vehicle sold in the U.S. to $37,185 in May, a 3.7% year-over-year increase.

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News•by Tariq Kamal•June 4, 2019

SAAR Returns to 17M on Stronger May Sales

U.S. dealers sold slightly fewer new vehicles last month than in May of 2018, but the annual forecast increased to 17.4 million units — thanks in no small part to strong fleet sales.

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News•by Staff•June 3, 2019

Clark Joins NAC as CFO

National Auto Care has named 30-year finance industry executive Laura Clark as the company’s new chief financial officer.

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Articles•May 31, 2019

Fewer New Cars Won’t Break F&I

A decline in new-car volume was inevitable after several years of soaring sales. But market changes create new opportunities as well as challenges, and dealers and agents will look to F&I product providers for guidance.

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News•by Tariq Kamal•May 29, 2019

IHS: EVs Will Reach 7.6% Market Share in 2026

IHS Markit analysts say electric vehicles will account for 7.6% of all new vehicles sold in the United States in 2026, predicting ‘explosive’ growth in a segment driven by rapidly proliferating makes and models.

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News•by Tariq Kamal•May 28, 2019

FCA Proposes Merger With Renault

The chairman of Fiat Chrysler Automobiles is pushing a proposal that would merge the Italian-American carmaker with France’s Renault, creating the world’s third-largest manufacturer.

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News•by Tariq Kamal•May 21, 2019

Subprime Up 13% as Total Auto Originations Decline

The Federal Reserve Bank of New York’s Q1 U.S. household debt report finds auto loan and lease originations declined slightly year-over-year — except for sub-620 customers — while 90-day delinquencies grew by 9.2%.

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News•by Staff•May 16, 2019

Dorfman Steps Down as APCO Chief

Larry Dorfman will step aside as chief executive of APCO Holdings, the company he founded 35 years ago and grew to include the EasyCare, GWC Warranty, and Covideo brands, yielding the company’s chairman and CEO position to former J.D. Power head Finbarr O’Neill.

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News•by Staff•May 15, 2019

Brown & Brown Acquires UDS

Brown & Brown Inc. has acquired the assets of United Development Systems Inc., the F&I performance and compliance management provider founded by Randy Crisorio in 1982.

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