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ProGuard Warranty will license and implement PCMI Corp.’s Policy Claim and Reporting Solutions platform to automate and enhance sales of vehicle service contracts.
Auto Dealer Today has revealed the winners of the 15th annual Dealers’ Choice Awards, a program that gives dealers and dealership personnel the opportunity to recognize their favorite vendors, suppliers, and finance sources in 35 categories.
TransUnion analysts report more consumers in the prime and superprime credit tiers are choosing to buy used as off-lease units continue to flood the market, offering a budget-friendly alternative to increasingly expensive new cars.
As consumer preferences change, the way vehicles are sold will need to change as well. So said Chip Perry, CEO of TrueCar, during a special presentation at the 2018 P&A Leadership Summit.
The Tax Cuts and Jobs Act of 2017 made waves in the reinsurance world, forcing providers, administrators, and dealers to reexamine their structures to determine where advantages and disadvantages lie.
Gov. Greg Abbott has signed a bill that clears the way for Berkshire Hathaway Inc. to sell cars in Texas while manufacturing RVs in Indiana, resolving an ongoing dispute between Berkshire Hathaway Automotive and the Texas DMV.
Cox Automotive analysts say U.S. dealers reported strong traffic and profits but have remained largely pessimistic in their view of the auto retail market in the second quarter.
Despite headwinds threatening dealership profitability, Kerrigan Advisors’ first-quarter report indicates 2019 is trending toward another 200-plus transaction year for the auto retail buy/sell market.
Fiat Chrysler has backed out of a proposed merger with Renault, blaming ‘political conditions’ in France, whose government owns a 15% share of Renault. A week ago, the companies were poised to form the world’s third-largest automaker.
More consumers in the prime and superprime credit tiers opted for used vehicles as concerns around affordability grew in the first quarter, according to the latest report from Experian.
Protective Asset Protection analysts say GAP claim payouts rose by 19.5% for new vehicles and an astounding 95% for used vehicles between 2014 and 2018.
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.
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.
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.
National Auto Care has named 30-year finance industry executive Laura Clark as the company’s new chief financial officer.
More than 160 dealers, agents, and industry executives took part in the inaugural West Coast Compliance Summit, one of three concurrent events featured at Industry Summit 2016. And more than 80 of them successfully completed the event’s compliance certification component.
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