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...