New FrogData solution aims to smooth warranty claims & improve dealer cash flow

FrogData is looking to help dealerships meet the commitments made when selling warranties during the vehicle delivery process. The company recently launched WarrantyMind, a data platform for warranty claims processing that designed to solve critical warranty administration problems at dealerships. FrogData highlighted the WarrantyMind platform can integrate with the DMS, enabling warranty experts to file claims more accurately and much faster than the existing dealership process. Because of its comprehensive integration with all DMS systems, FrogData explained WarrantyMind is able to optimize claims management, using data analytics to analyze each… Read More »New FrogData solution aims to smooth warranty claims & improve dealer cash flow

Auto defaults up 10 of the past 11 months

Monday, Jun. 27, 2022, 10:41 AM While not at the upward pace of headline-grabbing metrics such as inflation or gas prices, nonetheless auto defaults are moving higher. And they have been now for 10 of the past 11 months. According to data through May 2022 for the S&P/Experian Consumer Credit Default Indices, analysts determined the latest auto default rate came in at … Source Article

Texas operator named 2022 NIADA National Quality Dealer

Everything is bigger in Texas evidently, including the amount of top independent dealerships. Tommy Gregory, owner of Abilene Used Car Sales in Abilene, Texas, was named the 2022 National Quality Dealer of the Year by the National Independent Automobile Dealers Association to close NIADA’s 76th annual Convention and Expo. In a ceremony Thursday night at the MGM Grand in Las Vegas, Gregory was chosen from the 12 State Quality Dealer finalists for highest honor awarded among NIADA’s dealer members. Gregory is the eighth National Quality Dealer from Texas, the most… Read More »Texas operator named 2022 NIADA National Quality Dealer

New NIADA president seeks to execute association’s strategic plan

A plan is in place, and the organization has a new leader charged with executing it. Scott Allen, owner of Auto Land in Haltom City, Texas, began his term as president of the National Independent Automobile Dealers Association for 2022-23 by receiving the President’s Ring last week during the 76th annual NIADA Convention and Expo at the MGM Grand in Las Vegas. In his inaugural address, Allen, who succeeds 2021-22 president Joe McCloskey, summed up his priority for his term in one word: “execution.” “Execution of our strategic plan and… Read More »New NIADA president seeks to execute association’s strategic plan

GM Ventures invests in UVeye to help dealers & wholesale activities

General Motors must like the potential of UVeye, a provider of advanced vehicle diagnostic systems. This week, UVeye announced it has received an investment from the automaker’s capital venture arm — GM Ventures — to help fund the development and commercialization of the company’s vehicle inspection technology. According to a news release, UVeye also has entered into a commercial agreement with GM to explore the expansion of UVeye’s automated high-speed systems to GM dealerships throughout various markets. Serving as the venture capital arm of General Motors, GM Ventures strategically invests… Read More »GM Ventures invests in UVeye to help dealers & wholesale activities

Remembering retail & racing achievements of Bruton Smith

Late on Thursday afternoon, Sonic Automotive chief executive officer David Smith released a statement on the passing of the company’s founder and executive chairman Bruton Smith. “Yesterday, our company’s founder, executive chairman, and my father, Bruton Smith, passed away. He lived a truly remarkable life fulfilling his love for the automobile business, motorsports, philanthropy and most of all his family,” David Smith said. “I’m forever grateful for the countless opportunities he gave me and invaluable lessons he taught me about life, business, leadership, and the importance of giving back,” David… Read More »Remembering retail & racing achievements of Bruton Smith

Proposed FTC rule out to ban ‘junk fees, bait-and-switch tactics’

Four of the five leaders of the Federal Trade Commission support a proposed a rule to ban what the federal regulatory called “junk fees and bait-and-switch advertising tactics that can plague consumers throughout the car-buying experience.” The commissioner who voted against moving forward with this process articulated four points that she said, “Stakeholder input on these potential concerns would be constructive.” The FTC explained in a news release why it’s taking this action and what it hopes to accomplish. During the past 10 years, the FTC recapped that it has… Read More »Proposed FTC rule out to ban ‘junk fees, bait-and-switch tactics’

Dealer group roundup: Moves at Group 1, Steele, Hello & Castle

The dealership news roundup includes a store opening, another rooftop changing hands and a group expanding its leadership team. Let’s begin with more activity within mergers and acquisitions, as Haig Partners served as the exclusive sell-side advisor to Group 1 Automotive on the sale of Sterling McCall Hyundai South Loop in Houston to Steele Auto Group. The deal announced on Thursday involved two of the largest groups in North America. Haig noted that publicly traded Group 1 generated $13.5 billion in revenue and retailed 307,000 new and used vehicles last… Read More »Dealer group roundup: Moves at Group 1, Steele, Hello & Castle

Women & Automotive: Shari MacQuarrie of Mark Wilson’s Better Used Cars

Thursday, Jun. 23, 2022, 11:32 AM Auto Remarketing Canada is recognizing the 2022 Women & Automotive: Profiles honorees in this digital issue of the magazine and at Canada’s Used Car Week next week at the Westin Harbour Castle in Toronto. Leading up to the event, ARC has been posting Q&As with each of the Women & Automotive honorees on this website. Next up is Shari MacQuarrie, who is financial services manager at Mark Wilson’s Better Used Cars. Auto Remarketing Canada: What do you enjoy most about working in automotive, and what would you change? Shari MacQuarrie: I love that every day is… Read More »Women & Automotive: Shari MacQuarrie of Mark Wilson’s Better Used Cars

Women & Automotive: Lisa Prestidge of Element Fleet Management

Thursday, Jun. 23, 2022, 11:24 AM Auto Remarketing Canada is recognizing the 2022 Women & Automotive: Profiles honorees in this digital issue of the magazine and at Canada’s Used Car Week next week at the Westin Harbour Castle in Toronto. Leading up to the event, ARC has been posting Q&As with each of the Women & Automotive honorees on this website. Next up is Lisa Prestidge, who is auction manager at Element Fleet Management (Canada). Auto Remarketing Canada: What do you enjoy most about working in automotive, and what would you change? Lisa Prestidge: I truly enjoy the people you meet,… Read More »Women & Automotive: Lisa Prestidge of Element Fleet Management