For the second year in a row, Mercedes-Benz Toronto corporate retail stores will be holding a toy drive which will run until Dec. 15. This year, all unwrapped toys collected will be delivered on what the company has coined “Santa’s Sprinter” to the Toronto Fire Fighters Toy Drive, which has helped thousands of families celebrate […] [Read More]

ACA International chief executive officer Pat Morris reiterated three reasons why collection industry executives should participate in the organization’s 2016 Washington Insights Conference, which had to be adjusted due to a revised congressional schedule released by new leadership in the U.S. House of Representatives. While the date has changed to April 20 and 21, Morris maintained […] [Read More]

As part of an effort that unites rival ACC schools in the Tar Heel state, Auction Direct USA announced that it will present a $1,500 donation to the “Million Meals Challenge” on Dec. 1. So what is the Million Meals Challenge? In short, it’s a collaborative partnership between Harris Teeter and four North Carolina universities — Duke, UNC, […] [Read More]

Marketing vehicles (or anything for that matter) can be broken down into four parts: message, creative, distribution channels and measurement. Of course, what is typically implied in all of this is execution and the money that fuels this execution. You can have all the greatest plans and strategies in the world but without the funds […] [Read More]

Here’s some good news for buy-here, pay-here dealers going into Thanksgiving celebrations. After four years on the shelf, the banking industry has revived the Tax Refund Advance for 2016. This development means that much needed funds are expected to be in the hands of consumers in mid-January.  Many individuals can expect up to $750 in […] [Read More]

Canada Drives — which aims to help Canadians get car loans regardless of previous credit history and match up dealers and consumers — has been growing at a rapid pace since its launch in 2010, and the company has high hopes for 2016, as well.  In fact, the company plans to double both its dealer […] [Read More]

Reynolds and Reynolds announced that it has joined on as an NIADA Member Benefit Partner for the National Independent Automobile Dealers Association. Reynolds Document Services will now provide the business forms and sales contracts, compliance services, branding products and other dealership supplies to the NIADA’s dealer members in North America. “We’re pleased to join the NIADA […] [Read More]

A recent study commissioned by the National Automobile Dealers Association reveals that vehicle trade-in values could decline by an average of $1,210 if legislation were to pass that forbade dealers from selling used-vehicles with open recalls. The J.D. Power study, which NADA commissioned, is titled “An Economic Assessment of Trade-In Value Reduction Caused by Preventing Auto […] [Read More]

A wide array of wholesale industry news developed in recent days, including a new philanthropic award handed out by Cox Automotive, a milestone at Dealers Auto Auction of the Southwest and a leadership change at EPI El Paso. During the accolade-filled luncheon at the National Remarketing Conference, Cox Automotive presented its inaugural Community Impact Award […] [Read More]

Reports surfaced late last week of Tesla’s voluntary recall of all 90,000 Model S sedans produced, but the recall is likely not going to impact the vehicle’s residuals or used prices as the automaker works on growing its certified pre-owned program. In fact, when asked if this recent move will impact used pricing or residuals for these […] [Read More]