The U.S. Attorney General’s office, the Internal Revenue Service and the FBI brought charges against two managers and three other salespeople at an Alabama franchised dealerships in connection with a conspiracy to fraudulently boost loan approvals and vehicle sales. According an announcement made on Wednesday, a federal grand jury last week indicted a third sales […] [Read More]

Auto/Mate Dealership Systems recently completed the integration of its dealership management system with MaximTrak Technologies' F&I Suite. The companies highlighted dealers using both systems now can benefit from a real-time, bi-directional exchange of information that’s intended to speed up the F&I process, keep transaction data and contact information accurate, improve customer satisfaction and increase profits. […] [Read More]

Revving up its loan servicing business, First Associates Loan Servicing recently announced it will now provide full loan servicing solutions for Mega Auto Finance. The alliance is geared to allow Mega Auto to scale its operations rapidly while achieving necessary security and compliance. A subprime lender offering creative solutions for vehicle financing, including cross-border financing, […] [Read More]

Transport Canada recently announced Cadillac’s recall of the SRX. Roughly 17,500 examples of the crossover with model years ranging from 2010 to 2015 have been recalled for a possible rear suspension issue. According to the report, the rear suspension toe link jam nuts may not have been tightened to specification, potentially leading to the nuts […] [Read More]

Two hours: the amount of time it takes to watch a movie as well as the span it should take for the sales and financing process to be completed. At least that’s the majority sentiment, according to a new survey of dealerships from eLEND Solutions. Results from an online survey of dealerships conducted in September […] [Read More]

Fall appraisal trends are so far mirroring summer results, with the ever-popular Ford F-150 out in front last month, according to DealerTrack's TradeTracker report. The Ford F-150 is also No. 1 for year-to-date trends, similar to what was seen in 2013. The Toyota Corolla was the No. 2 most appraised vehicle in Canada in September. […] [Read More]

Pedal cars may be primarily for kids, but you wouldn’t have known it at the National Auto Auction Association’s recent Convention and Expo in Boston. The Black Book Pedal Car Auction garnered some very “adult-sized” donations, raising more than a half-million dollars to benefit the nonprofit NAAA Warren Young, Sr. Scholastic Foundation Inc. Amazingly, the […] [Read More]

If one needs proof of the value that auto dealerships can potentially bring to the business community at large, just look at the announcement coming out of Berkshire Hathaway on Thursday — and the reaction it got from one of the top leaders of the remarketing business. Berkshire Hathaway — headed by one of the […] [Read More]

Certified pre-owned vehicle sales climbed nearly 20 percent year-over-year in September, capping the best quarter ever for the CPO market, according to Autodata Corp. And one brand, Kia, had its strongest month of all time for certified sales. Overall, there were 188,341 CPO sales last month, marking a 19.7-percent year-over-year gain. This figure pushed year-to-date sales […] [Read More]

Subprime auto finance companies must not be taking their collective foot too much off of the originating pedal based on the amount of used-vehicle paper CNW Research found to be written in September. During a month that contained more than 3.8 million used-vehicle sales among turns at franchised and independent dealers and private-party transactions, CNW […] [Read More]