COVID-19 Update: Volkswagen Sealed the Investment Deal with Startup Argo AI

By Desiree Homer It’s been a deal eleven months in the making. Volkswagen Group finally announced the $2.6 billion investment into the Argo AI is...

COVID-19 Update: Vroom Starts the Process for Public Offering

By Desiree Homer Online used car retailer, Vroom Inc. has officially announced this week that it’s ready for public offering. This company operates within the...

COVID-19 Update: Hertz Global Facing Potential Bankruptcy

By Desiree Homer And What the Rental Car Industry Downturns Are Doing to Used Inventory The travel and leisure industries have taken a hit during the...

COVID-19 Update: Auto Sales & Leasing Is Officially Deemed Essential

By Desiree Homer The Department of Homeland Security’s Cybersecurity and Infrastructure Security Agency revised its essential workers guidance last Friday, and it affects dealers nationwide....

EPISODE 23: 18 Dealership Employees Test Positive – Interview with Troy Duhon of Premier...

One thing an auto group does not want to be known for is the most cases of CoronaVirus. Troy Duhon, CEO of Premier Automotive,...

Putting Public Dealerships’ Stock Prices in Perspective

By Brian Alwine It would be easy to look at the drop in the six publicly traded dealership groups’ stock prices in the first three...

COVID-19 Update: Trump Plans to Freeze Vehicle Emissions Mandates

By Desiree Homer The Trump administration is planning to roll back the Obama-era fuel economy and emissions standards. While critics cite this as an environmental...

COVID-19 Update: GM Financial Offers Floorplan Relief

By Desiree Homer Look for the Helpers & Be the Helpers Many changes continue to unfold in this uncertain landscape. GM Financial is looking to offer...

The NTSB Chairman Scolds Tesla Over Autopilot’s Limitations

In an open session meeting regarding the Tesla Model X crash in Mountain Valley, California, the NTSB presented concerns about Tesla’s Autopilot system. Robert...

CarGurus Stock Takes A Nosedive

What It Means for Dealer Partners & Investors By Desiree Homer Despite its recent acquisition of AutoList, and subsequent enthusiasm for growth in 2020, CarGurus stock...

Tesla and the Michigan Lawsuit: The Franchise Dealership War Room Strategy Continues

By Desiree Homer We recently shared the latest news regarding Tesla’s victory in Michigan; the iconic electric cars will soon have increased presence in service...

Tesla Continues to Advance with Recent Michigan Lawsuit Settlement

By Desiree Homer The Franchise Dealership War Room Strategy Continues (Part 1) It seems Tesla has recently won its legal battle with Michigan. The news comes...

Sage Group of Dealerships Sues Nissan Motor Co. for Alleged Fraud

Nissan Motor Co. and two of its subsidiaries are in legal hot water. Prior to the holidays, a complaint was filed by Byron Moldo,...

Understory to Offer Unique Hail Damage Policy Based on Weather Radar

by Tracey E. Schelmetic While most auto dealers have seen the costs of insurance rise precipitously in recent years, one group has seen their costs...

Study Finds Buyers Do Not Research Auto Finance

By Mia Bevacqua Shopping for an auto loan can be time-consuming. That’s why, according to a new study from peer-to-peer lending company, LendingClub, so many...

Ensuring Dealership Web Sites are ADA Compliant

Tracey E. Schelmetic While most retailers, including auto dealers, interpret the Americans with Disabilities Act (ADA) to be about physical access to the store, there’s...

J.D. Power Survey Pinpoints Top Auto Lenders and Emerging Trends

By Mia Bevacqua  Last week, J.D. Power announced the findings from its 2019 U.S. Consumer Financing Satisfaction Study. The survey, which polled 14,850 customers, is...

Cooperation Stems Supply Disruption during GM/UAW strike

By Kevin Donovan The spirit of cooperation helped General Motors-branded dealerships across the country survive the sudden dearth of supply resulting from the GM/United Auto...

Digital Lending Platform Blend Successfully Completes Auto Loan Pilot Project

Tracey E. Schelmetic Earlier this year, digital lending platform company Blend announced new forays into deposit account opening, home equity, and homeowner’s insurance while simultaneously...

America’s All-Time Best-Selling SUV Threatens Ford’s Q3 Sales

By Mia Bevacqua Dealers have struggled to get their hands on America’s all-time best-selling SUV, the Ford Explorer, for most of the year. And now,...

Low-income Americans Struggle to Afford Decade-Old Used Cars

By Mia Bevacqua In most parts of America, having a car is a necessity rather than a luxury. The problem is, both new and used...

Tax Max and Autotrader Partner to Calculate Customers’ Tax Refunds for Down Payments

Tracey Schelmetic It’s hardly surprising that Americans use their tax refunds for down payments on vehicles. Increasingly, some technology service providers are making it an...

Middle-Class Americans Can’t Afford Their Long-Term Car Loans

By Mia Bevacqua  Travel through any middle-class neighborhood and you’ll see a multitude of costly, late-model vehicles lined up. Fully-loaded pickup trucks, which often have...

DealerPolicy Study Uncovers Strong Opportunity for Dealers in Vehicle Insurance

By Tracey Schelmetic When it comes to dealing with insuring their vehicles, car buyers are overwhelmingly happy to let someone else do it. A study...

The Five Questions of DCG Capital: Question Five

Would you rather spend time running your business or spend it arranging for the financing you need to grow your business? The answer is likely...

The Five Questions of DCG Capital: Question Four

Is your bank giving you the absolute best rates? Unless you are constantly comparison shopping interest rates, it is impossible to know. “Banks are in business...

Nervous Auto Lenders Pressure Dealers to Tighten Up Verifications

By Al Bredenberg, Senior Writer “I want to put you in this car today. How much do you make?” The days are disappearing when a credit...

The Five Questions of DCG Capital: Question Three

Do you operate your dealership on a cash basis? The answer is almost certainly not. “There is virtually no business in existence today that can truly...

UAW Workers Vote to Authorize Strikes Against Detroit’s Big Three

The vote on America’s working people’s holiday was significant: on Monday, the United Auto Workers (UAW) union voted to authorize strikes against the nation’s...

The Five Questions of DCG Capital: Question Two

Do you constantly monitor every bank actively involved in providing credit to the auto-dealer market? The answer is nobody does. Which is what DGC Capital...