Two more individuals alleging discrimination within the Consumer Financial Protection Bureau have been subpoenaed to testify for the Subcommittee on Oversight and Investigations that’s part of the U.S. House Financial Services Committee. Now scheduled to appear during a session set for next Wednesday afternoon are: — Ali Naraghi, an examiner for the Southeast region within […] [Read More]

TransFirst, a provider of transaction processing services and payment enabling technologies, and the National Independent Automobile Dealers Association announced that they have agreed to a new, exclusive relationship for payment processing solutions. Officials explained that TransFirst first acquired a long-standing non-exclusive agreement to provide processing solutions to NIADA members, which has now become exclusive. Now […] [Read More]

Ally Financial chief executive officer Michael Carpenter likes the position the company currently has in terms of where its business development originates. Rather than strictly being a captive servant to an automaker, Carpenter prefers the current situation where Ally can provide a wide array of services directly to dealers, including consumer financing, inventory floor plans […] [Read More]

Are you a cars’ geek? Do you know all about cars, latest automotive technologies, and rare automobiles? Then your place is on autoremarketing.com – the website where the newest information about vehicles is published on a regular basis. The site has become popular in a brief time. And how could it not, since it manages […] [Read More]

After seeing prices drop by an average of $50 or more for the past three weeks, NADA Used Car Guide is predicting depreciation will slow slightly this week in the lanes. Wholesale prices are expected to drop by 0.2 percent (or $25) this week, according to NADA UCG AuctionNet data. This prediction compares to last […] [Read More]

The bulletin connected with indirect auto financing issued by the Consumer Financial Protection Bureau last March could be receiving a significant makeover if a measure working its way through the U.S. House continues to move forward. In what the National Automobile Dealers Association called a rare show of bipartisan cooperation, officials recapped that the House […] [Read More]

May’s new-car market notched a Canadian record, posting a new monthly sales record last month. The Canadian Automobile Dealers Association reported more than 195,000 new cars and trucks were sold across Canada last month. This number represents the best sales month in history of the Canadian new-vehicle market. "This is great news for our dealer […] [Read More]

Last summer, Kia Canada Inc. announced a new online tool for dealers, feet and rental partners that has made acquiring used and certified pre-owned vehicles a bit easier. More specifically, Kia said in July that it had partnered with Web-based auction AutoGavel Exchange — powered by North Toronto Auction — to offer an online inventory […] [Read More]

If you were to put a group of international nameplate dealers on the spot and ask why they maintain their membership in AIADA, you would get a variety of answers covering everything from global trade to overreaching regulatory agencies. Some would point to AIADA’s spring Auto Summit in D.C., while others would identify its publications, […] [Read More]

Toyota Motor Sales said on Wednesday that it will re-notify owners of certain older vehicles involved in a safety recall first announced last April for the front passenger airbag inflators installed in several models. The automaker said it is modifying the remedy procedure. OEM officials explained the 2013 recall remedy involved inspection of the front […] [Read More]