RANCHO SANTA MARGARITA, Calif. — Finance Express released its new WorkList feature for independent dealerships that use the provider's Web-based financial services technology. The company explained WorkLists — also known as queues — have typically been utilized by FEX buy-here, pay-here dealers to manage and collect due accounts.FEX enhanced and expanded the application of this […] [Read More]

Carfinco announced this week it has decided not to provide the highest purchase price in its bid to acquire new equity ownership of Western Funding Inc. and Global Track GPS LLC.   On Nov. 1, Carfinco had previously announced that it had become the "stalking horse bidder" and proposed plan sponsor for the companies, each […] [Read More]

The National Alliance of Buy-Here, Pay-Here Dealers is giving veteran operators as well as professionals who want to begin 2014 by learning more about the industry the chance to see all elements of a thriving operation in action. NABD's next BHPH Boot Camp is set for Jan. 11 and 12 in Monroe, N.C., just east […] [Read More]

Vehicle shipping is not a “deal-killer” in auto sales. Rather, as uShip’s Dean Xeros suggests, it can actually serve as a “deal-closer.” That’s the crux of how a relatively new product from the company called uShip PRO can help dealers turn vehicle transport into an opportunity. “Over the years, dealers have viewed shipping as more […] [Read More]

For the second week in a row, NADA is predicting that wholesale prices will see an uptick. Rates are expected to grow by 0.5 percent, or $75, versus the 2-week average. This mild movement is in line with recent end-of-year prediction from NADA that Auto Remarketing reported here. After October’s wholesale price tumble, the rate […] [Read More]

As many consider the holidays to be a time for family, it stands to reason that this topic would resonate in ads, as well, around this time of year. In keeping with the season, the experts at Phoenix Automotive had some commentary to share on the plethora of holiday season commercials that have hit the […] [Read More]

With potential impact from student loan debt swirling in the background, Swapalease.com reported lease credit approvals dipped slightly in November compared with October levels. The year-to-date approvals for customer credit finished November at 72.6 percent, compared with October levels of 72.8 percent. During the last three months, the lease credit approval rating has slipped to […] [Read More]

New ways of calculating dealer’s scores will intensify competition for the Dealer of the Year Award from DealerRater, the company has announced, beginning with the 2015 awards. In this annual program, DealerRater recognizes a select group of car dealerships in the U.S. and Canada for outstanding customer satisfaction as expressed through consumer reviews posted on […] [Read More]

BMW of North America informed the National Highway Traffic Safety Administration the automaker is recalling 76,565 vehicles to correct a seat issue that might make the airbag malfunction. Included in the campaign are: —2006: 325i, 325xi, 330i, 330xi sedans and 325xi sports wagons —2007: 328i, 328xi, 335i, 335xi sedans and 328i and 328xi sports wagons […] [Read More]

Though analysts offered no short-term good news in regards to Canadian leasing levels, movement in the new-car market could spell more off-lease vehicles in the future. That is, if OEMs are able to turn consumers away from long-term loans and point potential buyers toward leasing. New-car sales in Canada are soaring. Why is this important […] [Read More]