Auto Remarketing is launching its call for nominations for the Women In Remarketing Class of 2015. Don't miss the opportunity to honor the exceptional women of the remarketing industry, who drive businesses such as auctions, consignors, dealerships, captive finance companies and more. Do you work with a female colleague that deserves to be recognized? Or […] [Read More]

Manheim announced Friday that it has agreed to match the funds raised for a local man from Lancaster County, Pa. Manheim Pennsylvania plans to match up to $2,000 per week during the current five-week national Manheim promotion, called “Selling in the Zone,” to help Matt Newton, a former General Motors factory representative who currently suffers […] [Read More]

As the Consumer Financial Protection Bureau calls on financial services companies of all kinds to provide more free access to consumer credit scores, Hyundai Capital America expanded its partnership with FICO this week. Officials from Hyundai Motor Finance and Kia Motors Finance explained the move made them one of the first captive auto finance companies […] [Read More]

Despite site executives still taking a cautious approach about the impact subprime applicants and millennials carrying student loan debt, Swapalease.com highlighted lease credit approvals for January started out on a high note. Swapalease.com reported approvals finishing at 75.0 percent for the month. The site acknowledged the jump in approvals illustrates the ongoing volatility in the […] [Read More]

Chernek Consulting will conduct a one-and-a-half-day workshop titled, “Auto Dealer Subprime Sales Success,” that will feature presentations by Dealertrack Technologies, Automotive Dealership Institute (ADI), Equifax and more. The training session is scheduled to begin on April 7 at the Marriott Hotel Perimeter Center in Atlanta. According to Rebecca Chernek, president of Chernek Consulting, “The Corporation for […] [Read More]

A service provider quite entrenched in the buy-here, pay-here industry has a new owner. On Thursday, DealerSocket announced the acquisition of FEX DMS, a dealer management system (DMS) for BHPH and other independent dealers. Established in 2001, FEX DMS is the first and only fully integrated, Web-based automotive DMS that includes an integrated loan-servicing platform […] [Read More]

EchoPark Automotive — whose parent company’s president said “is not your mom-n-pop used-car store” — is showing some positive signs on the sales front in its few first months and has plans to roll out in a second market next year following its debut in the Denver area in November. During Sonic Automotive’s recent quarterly […] [Read More]

On Wednesday, U.S. Transportation Secretary Anthony Foxx announced that the National Highway Traffic Safety Administration issued an order requiring Takata to preserve all air bag inflators removed through the recall process as evidence for both NHTSA’s investigation and private litigation cases. Foxx added the order also ensures NHTSA’s access to all data from the testing […] [Read More]

The National Automobile Dealers Association reminded members this week they must change their accounting method to comply with the tangible property regulations mandated by the Internal Revenue Service. NADA explained these regulations generally govern whether expenditures on tangible property may be expensed or must be depreciated. These rules are generally effective with the filing of […] [Read More]

Used-car prices in February have begun responding positively to the usual tax season surge, but prices were still dropping in the lanes during the first month of the year. According to the RVI Used Vehicle Price Index, used prices dropped by 5.4 percent last month when compared to December. Used prices were up just a […] [Read More]