It's clear by now that new-car dealers are not just responsible for facilitating the complex transactions of vehicle sales to the American public, but also for complying with numerous federal and state regulations on a daily basis. And to assist dealers with this ongoing challenge, the National Automobile Dealers Association is providing its members with […] [Read More]

Vehicle service contract and related F&I product provider GWC Warranty recently formed a strategic alliance with FlexPath Capital, an independent finance company specializing in servicing customers with non-prime credit in the Southeast and Northeast.  The company highlighted the strategic alliance is designed to offer both dealers and consumers more convenient and seamless access to quality […] [Read More]

Brand new research to hit the market is working to debunk the assertion that factors driving dealer success and profitability remain beyond the industry’s control. Instead, the new report — released by McKinsey & Company, in cooperation with NADA — titled,  “Fast Forward: How U.S. Auto Dealers Can Drive Sustainable Economic Performance in the Digital Age,” […] [Read More]

The first-ever Cox Automotive Training Fair was held at Manheim Pennsylvania this month, which aimed at educating customers about Cox’s various companies, including Manheim, Autotrader, ExportTrader, Kelley Blue Book, NextGear Capital, Ready Auto Transport, and others. The March 18 event, hosted in the auction’s sales lanes, catered to more than 220 customers who learned about […] [Read More]

If your store isn’t already moving metal at a steady clip, perhaps the results of the newest DrivingSales analysis should be uplifting since it includes a projection of sales growing by as much as 24 percent if the retail experience improves. The DrivingSales Consumer Experience Study uncovered what orchestrators called “profound” changes in consumer expectations, […] [Read More]

Black Book announced Tuesday the appointment of a new vice president. Formerly the executive director of product management at Jacada Inc., Chris du Toit takes on the newly created role of vice president of product management, where he will be responsible for leading product strategy and product management for all of Black Book’s product offerings. […] [Read More]

Representatives from the National Automobile Dealers Association hosted its quarterly economic press briefing on Monday to set the scene for Tuesday's NADA / J.D. Power Automotive Forum. And the tone set by NADA for the remainder of the year and coming years was remarkably positive. Perhaps one of the strongest examples of that attitude was […] [Read More]

Led by a chief executive officer on the job less than three months, Ally Financial appears to have shown the world that its foundation is clearly in the Motor City. Ally, in a joint announcement on Tuesday with Bedrock Real Estate Services and Detroit mayor Mike Duggan, said the finance company will remain in downtown […] [Read More]

ACA International highlighted the successes of Spring Forum 2015 — its three-day educational and networking event in San Antonio. The organization mentioned Spring Forum 2015 was an opportunity for attendees to expand their knowledge on the credit and collection industry, particularly on trends related to healthcare collections, compliance and data security and privacy. ACA International […] [Read More]

As we draw closer to the summer months — prime time for a road trip with the top down — sports cars continue to be in high demand and low supply. That’s according to Autotrader’s February installation of late-model used and CPO scarcity reports. For example, the CPO Porsche Cayman was the No. 1 scarcest […] [Read More]