DealerRater is now a National Member Benefit Partner of the National Independent Automobile Dealers Association, NIADA announced this week.  In this capacity, DealerRater will aim to help NIADA dealers “connect with active, in-market consumers,” according to DealerRater’s chief executive officer, Gary Tucker. DealerRater’s suite of solutions, including CertifiedEssentials, LotShot, Resolution Advantage, ServiceEngage and ReviewBuilder, will be available to […] [Read More]

The seemingly constant record-breaking sales is certainly one way to measure the success of the certified pre-owned market, but further evidence can also be found within the traction CPO is generating online. Take Autotrader, for instance. Used-vehicle listings on its website in May climbed 4 percent from the year-ago period, while certified pre-owned listings jumped […] [Read More]

Remarketing of America recently enhanced its risk management and loss mitigation services by partnering with National Creditors Connection Inc. (NCCI) to provide field contact services for finance companies nationwide. Officials explained this new service will be fully integrated with ROA MAXX, ROA’s proprietary AssetLink technology, enabling finance companies to access these services, along with all […] [Read More]

Frank Fuzy has officially started his term as the 2015–2016 president of the National Independent Automobile Dealers Association. The co-owner of Century Motors of South Florida addressed attendees of the association’s convention last week during the National Leadership Awards Banquet on Wednesday. One of Fuzy’s big goals is boosting membership numbers, he said, noting that NIADA […] [Read More]

Dealers should expect a sharp increase in late-model used-vehicle supplies along with significant decreases in used-vehicle values over the next couple of years.                                       That’s according to the National Automobile Dealers Association, which hosted its Economic Quarterly press briefing on Monday […] [Read More]

Sporty cars have been hot models for a while now since the weather turned, but models from one brand in particular are in heavy demand and short supply. According to the May installation of Autotrader’s late-model and CPO scarcity reports, used sporty Subaru models are “hot with car shoppers, but hard to find.” Since spring […] [Read More]

Toronto-based Element Financial Corp. announced today that it is purchasing GE Capital’s remaining fleet operations in the U.S. and Mexico, and Australia and New Zealand — an all-cash deal worth $8.6 million in Canadian dollars. Element had previously acquired the Canadian operations of GE Capital’s North American fleet management business in June of 2013. “Adding […] [Read More]

FNI Inc. president David Bafumo focused his latest industry recommendations by plucking relevant material pertaining to add-on products out of the 54-page addition to the Supervisory and Examination Manual the Consumer Financial Protection Bureau released when it established its final “larger participant” rule earlier this month. Bafumo broke down the CFPB’s latest regulatory offerings that […] [Read More]

BillingTree once again successfully passed the PCI Security Standards Council audit, which this year came under the new PCI 3.0 standards. The company highlighted the new PCI-DSS is designed with an increased focus on operational standards, security and training to provide greater clarity, flexibility and ease of implementation for vendors. Management emphasized the latest announcement […] [Read More]

CIVC Partners, a Chicago-based private investment firm, recently announced that its portfolio company, Honor Finance, established a new funding facility with Wells Fargo Securities. Officials highlighted this new facility provides a “substantial” increase in funding capacity to support the continuing successful expansion of the specialty auto finance company that operates out of Evanston, Ill. The […] [Read More]