Dealers and dealership personnel have spoken. They were asked to choose the best administrators and providers based on overall service, day to day operations and value of products and services.
The winner in the “Service Contract Provider” category is Protective receiving the coveted diamond award. Protective was not ranked in 2010.
Receiving second place, the platinum award, [...]
According to an article in Automotive News, TrueCar.com reports that January’s retail SAAR was up from 8.3 million to 10.2 million. This retail increase brought January’s rate to its highest level since cash for clunkers.
Other noteworthy statistics from TrueCar.com as reported by Automotive News:
Light vehicle sales were up 17% from the previous year to 819,938 [...]
According to The Wall Street Journal, GM is considering buying back part of Ally Financial, its former GMAC auto loan business.
Months ago, Ally rejected a $5 billion bid from GM. GM then purchased Americredit for $3.5 billion.
GM hopes re-aligning with Ally will improve dealers access to wholesale credit.
Finance and Insurance training dates for 2011 have been released. Classes are at CNA National’s training facility in Scottsdale, Arizona.
We highly recommend attendance of this class if you or your staff have not attended already. This is not your typical, run of the mill finance and insurance class. Past attendees of this class have noticeably [...]
According to an article posted on www.fi-magazine.com, US Fidelis and attorneys general from 11 states have reached a settlement after US Fidelis was forced into bankruptcy stemming from charges of false and deceptive business practices.
Under the terms of the bankruptcy settlement, US Fidelis owners, brothers Cory and Darain Atkinson, will surrender 90 percent of their [...]
About two weeks ago my office received a phone call from a lady who had purchased a vehicle back in 2006 from one of the dealerships in the valley for whom we are GAP representatives. She called the finance director at this dealership because a few days prior to this phone call she had unfortunately [...]
In a recent interview with Atlanta Business Chronicle, Jonathan Lucenay, CEO and founder of Summit Resources, based in Alpharetta, Georgia, explained their innovations in marketing and advertising as it relates to auto dealers.
Jonathan explained that Summit Resources has assisted car dealers in selling over 57,000 vehicles, totaling $1.5 billion in inventory.
Jonathan’s principle is that you [...]