For the first time, American Recovery Association is hosting an upcoming series of nationwide leadership workshops for repossession agency managers and owners. The events are being presented by Doug Duncan, president of TalentValue. The first session is set for Friday at the Hilton BWI Airport in Baltimore. The points Duncan intends to cover include: —The […] [Read More]

The National Automobile Dealers Association rolled out a new “Get The Facts” initiative on Monday aimed at informing the media, opinion leaders and consumers about the numerous benefits of America’s franchised dealer network through a website and variety of multimedia resources. The centerpiece of the project is a two and a half minute animated video […] [Read More]

Carvana said Monday it has launched a white-label online auto retailing platform that marks the company’s first foray into the business-to-business space. Through this custom retail offering, outside companies — including everyone from retail organizations to financial institutions — can gain full access to Carvana’s proprietary technology. In essence, this would provide such companies with […] [Read More]

Maximizing fixed operations profitability is the aim of a new software integration announced Monday. Auto/Mate Dealership Systems reported news of the integration of its dealership management system with SMI's DriveService and DriveSales solutions. For auto dealers using both tools, the integration means that customer information updated in the DMS will be updated in SMI's customer […] [Read More]

The majority of vehicle segments continued to see price drops last week at auction, and buyer sentiment in the lanes showed signs of a slower sales season for dealers. Black Book’s Ricky Beggs said in his latest “Beggs on the Used Car Market” video that the company’s survey personnel reported such comments from the lanes […] [Read More]

Implemented in less than seven months, White Clarke Group’s CALMS2 Platform has automated application submissions and decisioning for Exeter Finance’s recently launched Strategic Originations Channel. Officials indicated that now 100 percent of Exeter’s channel applications are pushed through this platform. White Clarke believes the new system gives Exeter a competitive advantage in recruiting strategic alliances. […] [Read More]

The State Government Affairs Committee of the American Financial Services Association published a white paper focused on the impact of consumer complaints. AFSA highlighted the paper details the varying ways that state regulatory bodies and federal agencies collect, report and use consumer complaint information to inform their rulemaking activities. Officials noted the paper takes a […] [Read More]

Coming off an appeal to remain listed on Nasdaq, the board of directors at Nicholas Financial voted to terminate an agreement to be acquired by Prospect Capital Corp., through a deal that hit snags because of demands by the Securities and Exchange Commission. During a meeting last week, the company’s board determined certain conditions requisite […] [Read More]

NewCarSellOff.com may not be a brand new site — first launched in 2012 — but it’s back with a new look and a few new tools to benefit dealers, says Rick Balkan, chief executive officer and president of the third-party site. Balkan said that many of the site additions, such as reviews, fuel economy ratings […] [Read More]

Announcing a deal Sunday valued at more than $360 million, Lithia Motors and DCH Auto Group entered a definitive agreement to combine their companies — a transaction that would merge two of the largest dealer groups in the country. Per the agreement, Lithia will buy up the entirety of DCH’s outstanding shares for approximately $340 million […] [Read More]