The National Alliance of Buy-Here, Pay-Here Dealers gathered feedback from nine attendees who came to its East Coast Conference last week in Orlando, Fla., that focused on best practices and compliance. Perhaps one comment from an operator in Indiana summarized what NABD looks to accomplish with this latest event that “featured the greatest collection of […] [Read More]

KAR Auction Services chairman and chief executive officer Jim Hallett reiterated that it’s unlikely the company will close any more acquisitions before the end of the year even though he described the activity pipeline as “active.” Hallett expanded on the point during the company’s latest quarterly conference call by stating, “I can tell you that […] [Read More]

It’s a tricky balancing act dealerships play — keeping service bays running efficiently with customers’ units that generate both profit and loyalty while also reconditioning trades and other pieces of used inventory to get them prepared for the retail blacktop. To help service department managers tackle this challenge, research and strategy firm Vennli shared what […] [Read More]

What makes a rental company, well, a rental company? Seems like a simple question, right? Perhaps it is — however, when considering federal legislation, the devil is in the details. That was the cause for a lot of tension last week for the National Automobile Dealers Association and the National Independent Automobile Dealers Association, along with some […] [Read More]

Back in January, special financing company TREND Financial kicked off the year by signing an $81 million credit facility with Maxium Financial Services to keep up with growth — and now, the company is making way for every more expansion. TREND announced Tuesday it has received an additional extension of a non-revolving credit facility for $45 […] [Read More]

When it comes to the challenges for the independent dealer community, getting ahold of cars seems to be top-of-mind, according to the fall Independent Dealership Action Report from DealerSocket. And if the company’s analysis is any indication, independents may soon change how they acquire used vehicles, as well. A survey in that report asked independents to […] [Read More]

Amid a strong certified pre-owned and overall used-vehicle sales market, wholesale prices continued to climb in October, driven in part by strong pickup residuals. According to ADESA Analytical Services’ monthly analysis of wholesale vehicle prices by model class, auction prices were up 1.1 percent compared to September and 0.6 percent year-over-year. Vehicles at auction sold for […] [Read More]

The vehicle appraisal data for AutoNation Express is being provided by Black Book, the latter announced Tuesday. The platform is the online car shopping and purchasing tool from the AutoNation dealership group. And through this partnership, visitors to AutoNation dealerships will be provided a trade appraisal when they’re shopping for a ride. First, the shopper […] [Read More]

For dealership principals and finance company executives who might be watching tonight’s fourth Republican presidential primary debate, they might not want to step away during a commercial break: an advertisement is planned to highlight the position against the Consumer Financial Protection Bureau. The American Action Network (AAN) — an organization that says it creates, encourages […] [Read More]

ACA International, the association of credit and collection professionals, is raising concerns over a regulatory enforcement program launched last week by the Federal Trade Commission that officials contend could paint legitimate debt collectors and fraudsters with one broad stroke. The Federal Trade Commission announced the beginning of Operation Collection Protection — a new coordinated federal-state […] [Read More]