Priority 1 sale marks the 21^st group sale Kerrigan Advisors has represented since 2015

Incline Village, NV – November 11, 2021 – Kerrigan Advisors represented Baltimore, Maryland-based Priority 1 Automotive Group in its sale to AutoNation on November 8, 2021. The acquisition is one of the largest completed by AutoNation since 2018, and the largest on record in the Mid-Atlantic region. Kerrigan Advisors, which focuses exclusively…

Leader in indirect vehicle leasing for credit unions marks 100,000 active leases, worth nearly $3.8 billion, as credit union members increasingly opt for leasing’s flexibility and affordability 

San Diego, CA – November 10, 2021 – Credit Union Leasing of America (CULA), the leader in indirect leasing for credit unions, announced today that its portfolio has exceeded 100,000 active leases through its credit union…

Transaction Highlights:

• Advances CARS’ growth strategy and expands TAM into the multi-billion dollar Auto Finance segment, which is rapidly growing as online car buying transactions accelerate 
• Builds additional revenue streams and strengthens attribution for CARS while expanding end-to-end transaction platform capabilities…

A recent news story, published by Reuters, shares how Mexico is moving to allow unregistered used cars brought into Mexico illegally to be registered for a whopping $124. According to the article, Baja, California has as…

The majority of consumers prefer video content which is why social media and streaming services thrive (and prefer) this form of media.

I remember when it was revolutionary for an inventory syndication company to take still photos and convert them into stitched photos videos.

Then we evolved to video walkarounds where an actual video of the…

AutoBuy’s innovative remarketing model and efficient, virtual appraisal process for consumers results in steady stream of fresh inventory for auto dealers, driving record growth: 180% sales growth, $2 billion in inventory appraised to date, and expansion into four more states

West Palm Beach, FL – November 1, 2021 - AutoBuy is delivering fresh, high-quality…

Lease Credit Approvals Reached 67.6% in September; Down from 71.3% in August  

Swapalease.com, the nation’s largest car lease marketplace, reports car lease credit applicants registered a 67.6% approval rate in September. The approval rate is a slight decrease from the 71.3% rate in August.     

    

The September number is similar to the approval rate at…

HUNT VALLEY, MD, October 21, 2021 – Armatus Dealer Uplift, the industry leader in retail warranty reimbursement submissions, today announced that the Louisiana Automobile Dealers Association (LADA) has named Armatus as the exclusive endorsed expert for Retail Warranty Reimbursement services for the LADA membership.

"Louisiana House Bill 502 and the numerous part and labor submission benefits the law provides became effective 8/1/2021, and it was imperative that our board endorse a…

WILKES-BARRE. PA. — October 25, 2021 –GWC Warranty, the automotive industry’s best-in-class provider of F&I solutions for used vehicles, has teamed with DealerCenter, the leading provider of dealership management systems (DMS) in the pre-owned industry, to offer a free trial of DealerCenter’s all-in-one, cloud-based DMS to independent dealerships. Beginning October 1, 2021, GWC Warranty customers who are not currently…

Many dealers feel they need both a sales and a service BDC based on advice from numerous industry trainers. The thought process is that the sales BDC’s job is to set appointments for sales customers and the service BDC sets appointments for service customers. But what if you combined the two to create a single service BDC? Service is the largest percentage of…

Interview with one of the best in the industry I had the opportunity to talk to Tim Kintz, Leader and Trainer of The Kintz Group.

Success. Relevance. Survival. The pandemic has changed everything about management in today’s business world. For the automotive industry and similar businesses that rely on…

Swapalease.com, the nation’s largest car lease marketplace, released today new data that uncovers a growing trend in auto leases that is directly tied in with the ongoing microchip shortages and new-vehicle dealership inventory challenges.

Over the past 12 months Swapalease.com is seeing a nearly 500% increase in the number of leases getting bought out in its nationwide online marketplace. These leased vehicles are listed typically between 15 and 20 months old, and in many cases have…

Protective Asset Protection, a leading provider of F&I programs, services and the dealer owned warranty company program, announced additional trends and insights stemming from its recently released second annual report on automotive F&I Product Trends and Outlook, with an emphasis on the impact digital retail has had on F&I product sales to car shoppers. Click here to download the F&I Trends…

PureCars, a leading provider of digital marketing technology and services for automotive dealers, today announced a new partnership with Amazon Advertising, enabling PureCars’ automotive retail partners direct access to Amazon’s Demand-side Platform (DSP) ecosystem of streaming video content.

With the new partnership, PureCars’ dealer partners gain digital advertising access to Amazon’s 120 Million active Fire TV users in the United States and Canada, along with access to advertising…

How to Become a Great Salesperson

1. Be a Critical Thinker

The best salespeople don’t simply rely on a script that dictates every step of how they should sell a

product or service, but rather they adapt or alter their sales pitches in accordance with the prospective

customer, time and place. This also means having the ability to think outside the box in challenging their

existing sales pitches and processes to reach higher levels.

2. Be…

We’ve spent the last few months closely watching the career of Carlos Huerta begin. Keep an eye on him, friends. You’ll hear more about him in the future - I’m sure of that! 

We’ve heard all about the wins so far, and the challenges he’s faced along the way. Through his hard work, he’s…

NORCROSS, GA. — October 14, 2021 – The Atlanta Business Chronicle has named APCO Holdings, LLC as one of Atlanta’s 50 Largest Private Companies. APCO, a leading provider and administrator of F&I products to automotive retailers, is ranked #28 on the list that is compiled annually and ranks companies based on revenue.

“This is quite an…

Maximizing road safety and reducing the risk of accidents should be a priority for all road users, but it’s especially important for fleet managers or businesses and organisations that use fleets in their daily operations. 

As a fleet manager, it’s your responsibility to make sure that both the drivers and the vehicles they use are well-protected at all times. Since fleet drivers are more prone to…

Here we are again with the video series, Ali Reda’s Road to Sales Success. We’ve been on this journey with Carlos for over four months now. He started as a new salesman at Les Stanford with Ali Reda as his immediate manager and…

We want you to be profitable and proud of what you do. We want you to have all the success that you deserve. We want you to know that it’s possible for you! That’s exactly why we started the video series, Ali Reda’s Road to Sales…