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NewsAugust 13, 2018

Manheim Used Vehicle Value Index Up 5.1% in July

June’s ‘abnormal bounce” in used-vehicle values continued in July, resulting in the Manheim Used Vehicle Value Index rising to 136.9.

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NewsAugust 13, 2018

J.D. Power: Lender Availability, Responsiveness Drive Satisfaction

Big winners in the firm’s 2018 U.S Dealer Financing Satisfaction Study include Mercedes-Benz Financial Services in the Captive Luxury Segment, Volkswagen Credit in the Captive Mass Market segment, Citizens One Auto Finance in the Noncaptive category, and TD Auto Finance in Floorplan.

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NewsAugust 9, 2018

Equifax: Subprime Pullback Continued in Q1

Subprime originations fell 4.5% from a year ago to 1.841 million in the first quarter, a period in which total outstanding balances topped a quarter trillion, the firm reported.

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NewsAugust 9, 2018

Providence Completes KPA Majority Investment

Providence Equity Partners has completed its majority investment in KPA, which offers F&I SaaS and onsite audit solutions to auto dealers.

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NewsAugust 8, 2018

Moxy Solutions Joins F&I Express Platform

F&I Express today announced the integration of MOXY Solutions to its platform and the addition of Red Shield to the technology company's network of more than 160 providers.

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ArticlesAugust 8, 2018

How to Get Retail Rate for Warranty Parts

Pending legislation in California, Colorado, Iowa, and Minnesota will add to the list of states that grant dealers the right to be reimbursed at the retail rate for warranty parts.

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Newsby Gregory ArroyoAugust 7, 2018

TFS President and CEO Mike Groff to Retire; Successor Named

Mike Groff was employee No. 7 when he joined a fledgling Toyota Motor Credit Corp in 1983. The captive’s president and CEO will retire on Aug. 31. Replacing him is Mark Templin, who has served as chairman of Toyota Motor Credit Corp.’s board of directors since May 2016.

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NewsAugust 7, 2018

Hot Lots: Used Vehicle Values Up in July

Black Book’s Used Vehicle Retention Index continued to rise last month, registering a 0.5% uptick from June and an 0.7% increase from July 2017.

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ArticlesAugust 6, 2018

Fixing the F&I Time Delay

Self-selection tools can reduce your average turn, accelerate deliveries, and improve F&I production.

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NewsAugust 6, 2018

Morgan Auto Group Acquires First Hyundai Store, Third Mitsubishi Dealership

The acquisitions bring the dealer group’s rooftop count to 32. In the Tampa, Fla., area alone, Morgan Auto Group now represents 10 brands across 10 stores.

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