Wholesale prices were on the way up in February, with analysts reporting price spikes across the board for all segments, even as the Canadian economy was feeling the impact of depreciation on the Canadian dollar. The Manheim Canada February used-vehicle price index was up 8.8 points from January and remains up 7.7 points year-over-year. And […] [Read More]

McGladrey tax director Scott Ruby understands many buy-here, pay-here dealerships are small family operations without a squadron of certified public accountants on staff that watches every move the IRS makes. However, Ruby suggested that BHPH operators spend a fair amount of time with their tax professional throughout the year, but especially in the springtime when […] [Read More]

America’s Car-Mart not only shared athe financial results from the third quarter of its 2015 fiscal year, but the buy-here, pay-here dealership chain also offered an update on two significant operational changes the company is in the process of finalizing. During his prepared remarks when Car-Mart hosted its Q3 conference call, president and chief executive […] [Read More]

DriveTime Automotive Group is looking to fill basic transportation needs while capitalizing on the rising popularity of vehicle leasing. It can be a tricky proposition since the average person with a non-prime credit score won’t typically qualify for new-vehicle lease promotions, and these Americans can struggle to cover the operational and contract costs. In response, […] [Read More]

Friends who play poker tell me that sometimes they find themselves up against a player who unknowingly betrays the cards he holds by some “tell” — the player’s posture, his facial expression, the way he holds his cards, or some other non-verbal communication. That thought came to mind recently when I was doing a compliance […] [Read More]

Being that it’s now March, how important is it for operators to find a tax advisor they trust? Julian says … You need a long term tax strategy, and you need to understand how it’s going to work when you shrink or sell your notes. Nothing goes forever. The great quote and a famous short […] [Read More]

So how was February? I hope you had a busy tax season. I have heard varying reports from around the country, ranging from it was “OK” to “we couldn’t keep up.” There are so many factors that play a role, from the market you are in and inventory you could get, to the weather. It […] [Read More]

Timing is important in marketing/ advertising, and no time is bigger than tax season. Tax season is easy to predict because it is the same for everybody. To discover other timing mechanisms, read on. • After a robbery or violence in a city: Home security systems sales rise. • After Obama mutters about gun control: […] [Read More]

KAR Auction Services announced on Tuesday afternoon that business unit ADESA expanded its presence in Pennsylvania with the acquisition of Pittsburgh Auto Auction in New Stanton, Pa. This location joins two other ADESA auctions in the region, ADESA Pittsburgh and ADESA PA. The company indicated Chris Angelicchio will continue as general manager of the auction. […] [Read More]

Dealertrack Technologies acknowledged large, high-profile retailers such as Target and Home Depot may get the headlines, but the service provider said dealerships are especially vulnerable to data security breaches thanks to the large amount of personal information they gather about customers. During a free webinar, Dealertrack associate general counsel Randy Henrick will discuss how managers […] [Read More]