NIADA members left an opportunity to meet with a variety of federal lawmakers and their staffs with a sense of accomplishment in relaying what it’s like to be an independent dealerships nowadays. The National Independent Automobile Dealers Association's National Policy Conference and Day on Capitol Hill wrapped up last week, providing an illustration of — and […] [Read More]

NADA’s top dealer leader again is hailing from near the Motor City. The National Automobile Dealers Association’s 63-member board of directors elected Wes Lutz as chairman for the 2018 term. “I am honored to serve as NADA chairman as we begin the next century following NADA’s 100 years of existence,” said Lutz, who represents Michigan’s […] [Read More]

The Costco Auto Program announced Wednesday that its most well-known promotion in conjunction with General Motors, the Holiday Sales Event, has launched and will run through Jan. 2. The exclusive member offer features GM supplier pricing and most current GM incentives, according to Costco. This year’s program includes a wide range of both 2017 and […] [Read More]

J.D. Power announced Wednesday that it has both appointed Tim Braley to replace recently promoted Darren Slind as senior director of Canada and Latin America and chosen J.D. Ney to serve as Canada’s new country manager. Slind has been appointed vice president of Singapore Operations to oversee the expansion of J.D. Power consulting services across […] [Read More]

Earlier this week, Westlake Financial Services announced the launch of its eContracting automotive loan origination solution in all 50 U.S. states through DealerCenter. And the finance company reached this accomplishment earlier than company officials expected. “Our goal was to launch eContracting in all 50 states by the end of 2017. We have achieved that goal […] [Read More]

If your shop is struggling with originating quality paper or keeping customers current, perhaps here’s some good news. The opinions of business leaders including company chief executive officers, directors, chairmen and presidents highlighted in White Clarke Group’s new U.S. Auto & Equipment Finance Survey 2017 paint a detailed picture of a developing and dynamic market. […] [Read More]

Recovery Industry Services Co. (RISC) recently reached a new threshold of industry professionals completing its Certified Asset Recovery Specialist (CARS) and CARS-FC certification program. Since it was launched in 2002, RISC tabulated that it has certified more than 10,000 individuals through its recovery agent training offering that is geared to meet the demands an ever-increasing […] [Read More]

With the best third quarter ever and a sales increase of more than 6 percent in September, the certified pre-owned market passed the 2 million unit sales mark for the year. The market remains ahead of the 2016 pace by one percent, meaning another record year is likely in the works.  Autodata Corp., which released updated CPO sales […] [Read More]

When it comes to the used-car market in India, it’s a bit “complicated,” a report from IndianBlueBook.com shows. There are 1.1 million used-car sales between consumers and other consumers each year, and then 2.1 million business-to-consumer sales divided between what the company called organized dealers (400,000), semi-organized dealers (500,000) and unorganized dealers (1.2 million), according to […] [Read More]

Florida-based AutoBuy now has eight locations since opening two new locations in respective partnerships with ADESA and Manheim, the company announced Tuesday. The new AutoBuy in Sanford, Fla. (which was launched in partnership with ADESA) and AutoBuy Orlando (launched in partnership with Manheim) have increased AutoBuy’s buy/sell capacity by more than 40 percent, according to the company. “Keeping pace with […] [Read More]