Monday, 04 December 2017 03:34
Spireon Inc. announced the company’s FleetLocate solution earned the silver award for Enterprise Service of the Year in the 2017 Best in Biz Awards.Spireon’s FleetLocate solution provides real-time visibility to the location, activity and status of remote vehicles, assets and drivers to improve utilization and operational efficiency. The solution is used by thousands of companies of all types and sizes, from local plumbing and HVAC businesses to the largest transportation companies in the U.S. FleetLocate has garnered mass appeal due to its simple, yet powerful, user interface that supports mixed fleets of vans, trucks, trailers, containers, and more, all within the same Web dashboard or mobile app.
Wednesday, 29 November 2017 22:49
TCF Financial Corp. will discontinue all indirect auto finance originations, effective Dec. 1. TCF will continue to service existing auto loans on its balance sheet and auto loans serviced for others. Concurrent with the discontinuation of indirect auto originations, TCF’s board of directors has approved the replacement of its previous share repurchase program with a new authorization to repurchase up to $150 million of TCF common stock. As a result of the decision to discontinue all indirect auto finance originations, TCF expects to recognize a one-time, after-tax charge in the fourth quarter of 2017. Actions to wind down operations that support indirect auto originations will begin immediately and the servicing operations will be adjusted over time to support business requirements, including the retention of the necessary staff.
MetroGistics Holdings has acquired Metro Title Services, based in Lenexa,…
ALG announced the winners of the 2018 Residual Value Awards,…
New-vehicle sales are expected to fall 1 percent year-over-year to…
Richard Cordray is resigning as director of the Consumer Financial…
Wednesday, 29 November 2017 22:48
The number of dealerships that sold in the U.S. through the first nine months of the year has declined to 228 from 278 in the same period in 2016, according to Haig Partners.Despite the decline in rooftops purchased by the public companies during this period, they ended up spending significantly more money. For the year to date ended Sept. 30, the publicly traded retailers had spent $935 million on auto dealerships in the U.S., an increase from the $578 million spent in the same period in 2016. Lithia was the most active of the publicly traded companies and continues to target underperforming large platforms in different parts of the U.S. Continuing the trend from 2016, demand for dealerships shifted from luxury brands to domestic brands that are heavier in trucks and SUVs. Luxury dealerships accounted for 14 percent of acquisitions through the third quarter, down from 17 percent through the third quarter of 2016, and purchases of domestic stores increased to 50 percent through the third quarter from 46 percent through the third quarter of 2016.
Tuesday, 28 November 2017 23:50
ALG announced the winners of the 2018 Residual Value Awards, ranking Land Rover and Subaru as the top Premium Brand and Mainstream Brand, respectively.ALG's Residual Value Awards (RVA) recognize vehicles in 26 segments that are forecast to retain the highest percentage of their manufacturer's suggested retail price (MSRP) after a three-year period. This year's recipients have shown strong value in their competitive segments, and were chosen from all 2018 model year vehicles on sale in the United States in the Premium and Mainstream segments. Land Rover took home the RVA for Premium brands for the fourth consecutive year. Yet again, the British utility brand won an award in all four segments in which the brand competes, with the Range Rover Sport, Range Rover, Discovery and Discovery Sport winning the top spots. Subaru also earned the top Mainstream brand award for the third consecutive year by garnering wins in five segments.