Professionals in the auto industry who missed workshops at January’s NADA Convention & Expo — or even those who would like a refresher — now have a second chance to obtain the information. Just announced is viewing availability of the workshops through NADA University Online,the online education and training arm of the National Automobile Dealers […] [Read More]

When it comes to financials, dealers want partners who understand the auto business inside and out. Now, a new educational program from lending products provider NextGear Capital is training its field representatives to be those knowledgeable partners.   On Wednesday, NextGear Capital announced the creation of its Ambassador Program, which will provide certified training modules […] [Read More]

Spireon is a part of new alliance aimed at rolling out a solution developed and designed exclusively for credit unions to help them track vehicles in their auto loan portfolios. Earlier this week, Spireon highlighted a new collaboration between the company’s automotive solutions group, Sprint and CU Solutions Group (CUSG). CUSG is a leading industry […] [Read More]

To mark “Sunshine Week,” a national initiative launched by the media to promote open government, U.S. House Financial Services Committee chairman Rep. Jeb Hensarling is calling on Consumer Financial Protection Bureau director Richard Cordray to end the bureau’s closed-door meeting policy for its four advisory councils. Hensarling, a Texas Republican, said earlier this week, “Instead […] [Read More]

The other four credit categories included in the S&P/Experian Consumer Credit Default Indices joined auto loans in showing declines in February. Analysts from S&P Dow Jones Indices and Experian indicated that February data showed the auto loan default rate dipped to 1.03 percent last month, down from 1.11 percent in the previous month. They noted […] [Read More]

It was announced this morning that J.D. Power and Associates and DealerRater have entered an alliance in which the two companies will integrate each other’s capabilities to give dealers a deep base of shopper feedback and help stores drive stronger relationships with customers. Under the alliance, DealerRater’s customer ratings and reviews of dealers will be […] [Read More]

Until Tuesday, the only comments new General Motors chief executive officer Mary Barra made about the massive recall of older models because of problem ignitions came through the automaker’s public relations department. Then for a few minutes at GM’s headquarters, Barra faced the press in what might be a prelude to the scores of questions […] [Read More]

When it comes to the new-vehicle lease market, there were three brands in a close race to lead market share in the fourth quarter, according to data from Experian Automotive. Honda, which took an 11.1 percent share of the new lease market, edged out Ford (11.0 percent) and Toyota (10.6 percent). This trio was followed […] [Read More]

Swapalease.com reports lease credit approvals during the month of February were at 66.6 percent, down from the 70.5 percent level in January and 73.3 percent level in December of 2013. Officials indicated February’s rate was the lowest since September of last year when the marketplace saw just 62.9 percent approvals from credit applicants. So far […] [Read More]

Dealers looking for off-rental vehicles from Hertz will be seeing them coming from a newly created operation. The Hertz board of directors announced on Tuesday that it approved plans to separate into two independent, publicly traded companies. The two companies will be Hertz, comprised of the Hertz, Dollar, Thrifty and Firefly rental car businesses as […] [Read More]