On Monday, Primeritus Financial Services named a new member of its management team, announcing its general counsel and chief compliance officer. Accepting the role is Chris Kato, who comes to Primeritus with an extensive background in corporate law spanning a wide variety of practice areas.  Kato most recently served as vice president and lead counsel […] [Read More]

Organizers of the sixth annual North American Repossessors Summit, an industry conference hosted by the American Recovery Association and Time Finance Adjusters, revealed who will be returning to this month’s event; this time as the keynote speaker. Giving the keynote for NARS 2014 will be Michael Dougherty, the managing partner of Weltman, Weinberg, & Reis. […] [Read More]

AutoNation’s new chief financial officer is entering the position with the company off to a good year, as the dealer group revealed its choice for CFO as well as a 4-percent year-over-year increase in new-vehicle sales this past month — notching its best February for new-vehicle sales since 2007. AutoNation — which sold 21,987 new-vehicles […] [Read More]

Experian Automotive reported today that more consumers are choosing to lease vehicles, bringing the share of new vehicles financed with a lease to its highest level since the company began publically reporting the data in 2006. According to its latest State of the Automotive Finance Market report, Experian Automotive found that 28.4 percent of all […] [Read More]

Turning online shoppers into on-the-lot buyers is the goal, as two companies team up to help dealers boost sales.   Dealers subscribing to Carfax can now offer their prospective buyers access to Carfax Vehicle History Reports within HookLogic products Web2Show and Lead2Show, HookLogic has announced. Links to Carfax Reports can be sent within the customer confirmation […] [Read More]

Finance companies still aren’t shying away from giving contracts to subprime consumers based on the fourth-quarter information from Experian Automotive. According to its latest State of the Automotive Finance Market report, Experian highlighted today that financing became easier to obtain in Q4 2013, as the average credit scores for both new leases and loans decreased […] [Read More]

Last month was a challenging one for the used-car market, as total sales lagged 1.3 percent behind year-ago figures and fell more than 12 percent from January, according to CNW Research. Overall, there was a combined 2.06 million used vehicles sold in February by franchised dealers, independent dealers and private parties. Franchised dealers sold 729,163 […] [Read More]

Dealers who want to stock up on their inventory and save money, while taking advantage of a cash rebate, can do so by registering for Manheim’s Spring Stock Up.  Officials explained that qualifying dealerships can register for the promotion. And if the dealership meets or exceeds a pre-determined March purchase target, the dealership will receive […] [Read More]

The combined entity of National Auto Care Corp. (NAC) and Family First Dealer Services (FFDS), a leading administrator of vehicle service contract and ancillary products and programs including CarMark Certified, announced the appointment of its new vice president of finance. Taking on this role is Ryan Schumacher who will lead many of the financial management […] [Read More]

Auto/Mate Dealership Systems announced Monday that DealerSocket has completed integration with its dealership management system. Dealers who use both solutions can benefit from improved sales efficiency with real-time, bi-directional updates of customer, vehicle and deal information in both systems, company officials said. “Both Auto/Mate and DealerSocket use an open API to integrate with other vendors, […] [Read More]