One dealer was honored Thursday by the American International Automobile Dealers Association in part for his efforts to advocate dealers’ interests to members of Congress and other decision makers in the nation’s Capitol. At the Sixth Annual International Auto Industry Summit in Washington, D.C., AIADA awarded Tulsa, Ala., dealer Jim Norton its Legislative Action Network […] [Read More]

Carfinco Financial Group has extended its streak, reporting yet another quarter of record normalized pre-tax earnings. In what was the first reporting quarter for the company as a public corporation, Carfinco notched $6.6 million in normalized pre-tax earnings. Its streak of records began in the third quarter of 2009. Net earnings for the company climbed […] [Read More]

American Recovery Association and Recovery Industry Services Co. recently formed a partnership to offer a continuing education program for ARA’s members and members’ staff. Association leadership declared the continuing education program created with RISC will help ensure ARA members continue to meet the highest standards for its clients. As part of the benefits of being […] [Read More]

It has been more than six months since the year-over-year change in used-vehicle supply has been flat, according to CNW Research, but it looks like May is headed that way. In some “Early Returns” data included in CNW’s latest Retail Automotive Summary,  the days’ supply of used units in May is off only 0.9 percent […] [Read More]

As dealers, new and used, struggled to stay afloat after the recession hit in 2008, the past five years have been tumultuous. But, as the economy picks up, what’s in the cards for used-car dealers? Industry research firm IBISWorld looks to answer that question with its new "Used Car Dealers in the U.S." industry report. […] [Read More]

Auto trend and forecasting site TrueCar.com has just released its Performance Scorecards for automotive manufacturers and brands for the month of April, grading each manufacturer and brand. Coming in atop the OEM rankings was BMW, which showed  the largest gain of the period as it rose from a B- in March to an A+ rating […] [Read More]

As part of a recent study, Digital Air Strike determined the most popular review websites used by consumers to select dealerships, and topping its list was Edmunds.com, followed closely by Cars.com. DAS found that 22 percent of respondents turned to Edmunds in selecting a dealership, while 20 percent used Cars.com. Finishing in a tie for […] [Read More]

West Coast auto dealers have a new tool in maintaining F&I compliance, with the launch of a legal library designed to help manage risk and provide common defenses in litigation. The LAW California F&I Library is a comprehensive catalog of standardized, legally reviewed finance and insurance documents for California dealers, launched late last week by […] [Read More]

It likely doesn’t come as a surprise that $4 per gallon gas would have strong downward impact on the used values of large SUVs. Interestingly enough, though, a white paper from the National Automobile Dealers Association suggests that short supply of these units greatly mitigates the used value swoons caused by surging costs at the […] [Read More]

The National Independent Automobile Dealers Association tapped a new national member benefit partner, as it was announced that the latest to join the ranks is CompuPay, a  provider of payroll, tax filing and employer-related services. Under the partnership with CompuPay, the more than 20,000 members of NIADA Member Services gain access to discounted online payroll […] [Read More]