Understory to Offer Unique Hail Damage Policy Based on Weather Radar

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

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...

The Five Key Questions of DCG Capital: Question One

by Kevin Donovan This is the first in a five-part series of articles about the various ways in which DCG Capital can assist automotive dealerships....

Auto Loan Interest Rates Drop Below Six Percent for the First Time This Year

As of late, rising vehicle costs and high interest rates have been putting significant pressure on the new vehicle marketplace, so a bit of...

American Bar Association to Discuss Rules to Prevent Racial Discrimination in Auto Lending

Back in 2013, the newly created Consumer Financial Protection Bureau issued guidance reaffirming that racial discrimination in auto lending is illegal. The guidance was...

DCG Capital: Investing In Your Capital

Operating a successful dealership can be a challenging, but rewarding, experience. Securing a business loan from a traditional lender, however, can often end up...

New Ideas for F&I To Boost Dealer Profitability

The stagnation in new vehicle sales combined with rising interest rates is squeezing many auto dealers at the margins, leaving them to look for...

Massachusetts to Hold Hearing on Bill to Allow Sales of Used Vehicles Under Recall

Sellers of used vehicles in Massachusetts have thrown their support behind a bill in the state legislature that would roll back restrictions on the...

Detroit Free Press Alleges Ford Knowingly Released Focus and Fiesta with Transmission Problems

The Ford Focus – particularly the 2012 model year -- has been a vehicle with significant problems. 2,681 complaints have been filed about the...

Declining Margins and Increased Supply Is Putting Pressure on Inventory Financing

By Kevin Donovan With Fourth of July incentive pricing still upon us, most new- and used-car dealers seem to have weathered the worst of the...

Vehicle Sellers Advised to Delete Personal Data

You enter a code to unlock your phone and tablet, and a password to access your computer data. You shred paperwork with personal data...

EV Tax Credit Renewal Divides Traditional Allies Big Auto and Big Energy

It’s no great secret that oil and gas companies are not thrilled by the idea of an electric vehicle future. Some of them –...

Changing Trends in Auto Retail Call for Resiliency in F&I

By Al Bredenberg, Senior Writer If you asked the typical consumer what’s their favorite part of the car-buying experience, entering the F&I box likely wouldn’t...

Proposed New York Legislation Would Effectively Shut Down Auto Brokers

Some New York auto dealers have had it with auto brokers. They’re blaming brokers for a host of ill-effects on their businesses, including the...

DMS Company Settles with FTC Over Data Breach

Given the nature of the auto sales business, most dealers keep at least some sensitive personal information in their files—names, Social Security numbers, bank...