Both Credit Acceptance Corp. and Security National Automotive Acceptance Co. (SNAAC) each recently received accolades associated with being a great place to work. Credit Acceptance was named No. 18 on the list of 100 Best Workplaces for Millennials based on the evaluations of nearly 90,000 millennial-aged employees who were surveyed using the Trust Index, Great […] [Read More]

Six-figure financial penalties from regulators against dealerships are becoming more frequent. About the same time a trio of franchised stores reached a settlement with New York’s attorney general, a pair of franchised operations entered into a final consent judgment with the top law enforcement official in New Jersey. Acting New Jersey attorney general John Hoffman […] [Read More]

Spireon announced on Wednesday that consumer loan servicing systems provider Megasys will partner with the mobile resource management provider to provide out-of-box integration with Spireon tools. Company officials contend the integration between Spireon GoldStar GPS and Megasys Omega marks the auto finance industry’s first integration between major companies allowing customers to save time and money […] [Read More]

Hudson Cook’s newest partner is arriving at the nationwide provider of legal compliance services for the financial services industry after a previous stint at the Federal Trade Commission. Coming aboard as a partner in its Washington, D.C. office is Rebecca Kuehn, who has more than 15 years of experience in consumer financial services and consumer […] [Read More]

DealerRater has announced the launch of ReviewBuilder, an automated online review collection solution for U.S. and Canadian dealerships. ReviewBuilder provides dealers with an automated, customizable and hands-off approach to reviews, with an aim to get more of them at a faster pace. Reviews generated by the tool include a “Verified Customer” badge along with the […] [Read More]

There’s a story our publisher-emeritus Ron Smith tells that really pinpoints the importance of networking at industry events. After one of the company’s automotive conferences a few years ago, an attendee approached Ron to tell him how much he had enjoyed the event. Ron was certainly thankful to hear this news, but said he was a […] [Read More]

Sporty cars and trucks were the only segments to withstand stronger downward pressure on wholesale prices at auctions. These two groups remained ahead for price retention, while most other car values experienced steeper declines. In fact, car prices fell by 0.76 percent or $94, which is the largest decline seen in 52 weeks, according to Black […] [Read More]

Long gone are the days where a dealership could adequately maintain its inventories by utilizing traditional methods of vehicle acquisition alone. That’s according to the folks at Autotrader, who hosted the company’s Interactive Dealer Summit in the North Carolina capital last Thursday.    One of the workshops for dealers at the event, titled “The Frond-End […] [Read More]

RVI Group announced two vice president promotions within the company this week. First up, Rene Abdalah has been promoted to senior vice president and is responsible for RVI’s passenger vehicles business. Abdalah joined the company in 2002, and management said his “strong leadership, forward thinking mentality and commitment to continued product innovation have been key […] [Read More]

Frank Fuzy has shipped cars as far north as the North Pole and as deep into the Pacific as Tokyo. “I’m advertising to the world,” said Fuzy, who co-owns the predominantly Internet-based Century Motors of South Florida with his wife, Gina. “And we’ve got the shipping routes down pat. It’s so reasonable that it just […] [Read More]