Dealertrack Technologies associate counsel for regulatory and compliance Randy Henrick will be hosting another free webinar to discuss updated rules and the latest enforcement actions brought against dealers by the Federal Trade Commission. During the session titled, “Dealer Advertising: New Media, New Rules, New Enforcement,” Henrick will also share best practices associated with dealer advertising […] [Read More]

TD Auto Finance U.S. — the auto financing business unit of TD Bank — recently shared its plans to consolidate its contact centers in the U.S. Officials explained the action is expected to capture efficiencies, expand service to dealer customers and support further growth. The consolidation will result in the closure of TD Auto Finance's […] [Read More]

After strong used pickup prices contributed to wholesale prices rising in the lanes in October, the tides quickly turned this month as seasonality is taking its toll. During the first week of November, truck prices took the biggest hit seen this year — and last week, prices took another hefty plunge. According to the latest […] [Read More]

Several automotive companies have been recognized recently for their contributions to their employees and their products. First off, Fortune and Great Place to Work recently released the 2015 list of 50 Best Workplaces for Diversity. Among the automotive-related businesses honored were Credit Acceptance (19), JM Family Enterprises (47) and CarMax (48). All of the aforementioned […] [Read More]

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]