Ken Shilson called it one of the “most significant accounting changes buy-here, pay-here operators will ever encounter.” The founder of the National Alliance of Buy-Here, Pay-Here Dealers referenced how the American Institute of Certified Public Accountants passed new credit loss measurement standards that require operators to estimate future anticipated losses on their receivables. In light of […] [Read More]

Along with adjustments of its top management, White Clarke Group announced on Tuesday that Five Arrows Principal Investments — the corporate private equity business of Rothschild & Co. — made what is being described as a “significant equity investment” in the global provider of specialist technology and software solutions to the automotive, asset and consumer […] [Read More]

In an effort to minimize data security risks, AutoAlert has earned certification in the Reynolds Certified Interface (RCI) program.  This certification aims to ensure the safe, secure and reliable transfer of data from a Reynolds and Reynolds dealership management system (DMS) to AutoAlert’s suite of products. “RCI certification fits with AutoAlert’s long-term strategic plan, and […] [Read More]

The American International Automobile Dealers Association has launched a pro-trade campaign that is being accompanied by a series of ads as well as a new logo for the 46-year old group serving 9,500 international nameplate automobile franchised stores. “Our organization is comprised of businesses that serve communities across the United States and rely on a […] [Read More]

Late last week, Volkswagen Group of America finalized an agreement to resolve the claims of VW-branded franchised dealers in the United States relating to vehicles involved in “Dieselgate” and other matters asserted concerning the value of their franchise. Under the proposed agreement, Volkswagen has agreed to make a maximum total of $1.208 billion in cash […] [Read More]

Officially opening what company officials called the largest of its kind in Canada, Impact Auto Auctions on Monday welcomed more than 250 auto industry professionals and local dignitaries at the grand opening of its new Edmonton auto salvage auction facility. The new facility for the subsidiary of Insurance Auto Auctions, a business unit of KAR […] [Read More]

The National Independent Automobile Dealers Association highlighted how its members continued to expand their already considerable presence in Washington D.C., coming in record numbers to last week’s National Leadership Conference and Legislative Summit. NIADA reported that more than 175 dealers and industry leaders came from across the country to the nation's capital — the most […] [Read More]

The Costco Auto Program has again partnered with General Motors to bring back the Holiday Sales Event for members. During the holiday promotion last year, officials highlighted nearly 58,000 vehicles were sold — a 34 percent increase above the 2014 total. Officials explained this year’s event features a selection of popular models from Chevrolet, Buick, […] [Read More]

On Monday, ADESA announced changes to its auction management teams at ADESA Orlando, ADESA Sarasota and ADESA Tampa, effective immediately. The business unit of KAR Auction Services said Jeff York, previously general manager of ADESA Sarasota, will lead ADESA Orlando as general manager. The company indicated Curt Farris, previously general manager at ADESA Tampa, will […] [Read More]

The green check mark I received through the online testing platform of the National Automotive Finance Association’s Consumer Credit Compliance Certification Program sure did look pretty this past weekend. Instructors Patty Covington and Eric Johnson closed the Module 1 training session by encouraging students not to become frustrated if they didn’t secure an examination score […] [Read More]