Officials released details on Tuesday for the Mid-Atlantic Regional Independent Automobile Dealer Associations Conference to be held Sept. 28-30 at Caesars in Atlantic City, N.J. The conference gathers state independent automobile dealer associations from Pennsylvania, New York, New Jersey, Maryland and Delaware for an event that is set to feature speakers such as: —Juan Flores […] [Read More]

HANOVER, Md. — The New York/New Jersey/Connecticut chapter of the National Vehicle Leasing Association is hosting a golf outing, dinner and charity raffle drawing in honor of their late colleagues who were instrumental with the association and the industry. Organizers said members and non-members are invited to attend the event on Sept. 25 at Engineers […] [Read More]

SCHAUMBURG, Ill. — As a record number of new-vehicle buyers used either a loan or a lease to fund the deal, Experian Automotive indicated the number of subprime contracts kept rising during the second quarter. According to the latest State of the Automotive Finance Market report, nonprime, subprime and deep subprime new-vehicle loans increased to […] [Read More]

BANDON, Ore. — With the last day of August coming as part of Labor Day weekend, CNW Research tabulated that the used-vehicle sales figure for the month jumped 5.6 percent year-over-year. Combining sales at franchised and independent dealerships as well as private-party transactions, CNW found August sales came in at 4.1 million units, up from […] [Read More]

WASHINGTON, D.C. — This morning, the Consumer Financial Protection Bureau announced Steve Antonakes has been officially named deputy director of the agency. Antonakes had been serving as the acting deputy director of the CFPB. Officials indicated Antonakes will continue to maintain responsibility for his duties as the associate director for supervision, enforcement, and fair lending […] [Read More]

Vendor Transparency Solutions and Michael Dougherty of Weltman, Weinberg & Reis announced the date and time for their fourth webinar aimed at helping repossessors and recovery departments remain compliant. The focus of the next session — compliance management as well as unfair, deceptive and abusive acts and practices (UDAAP) — will be covered during the […] [Read More]

Earlier today, DMEautomotive launched DMEInsights, what the dealership marketing provider believes is an innovative customer loyalty analytics system. Officials explained DMEInsights is designed to revolutionize dealer service marketing and enable stores to dramatically increase the value of their customers, using a system to generate comprehensive analytics for every stage of the auto service customer lifecycle. […] [Read More]

NABD is coming to the Big Easy. The National Alliance of Buy-Here, Pay-Here Dealers is having its first major event in New Orleans, and organizers of this year's East Coast BHPH Conference highlighted that early bird discounts are available through Oct. 4. Rates through that date are $495 for a single attendee or $890 for […] [Read More]

One of Used Car Week’s sponsors, Liquid Motors, rolled out a new solution this morning, a tool the company is calling LiquidConnect. LiquidConnect is a mobile application designed to empower dealers, independent auto auctions and inspection companies to perform vehicle data collection, update pricing, capture vehicle photos and input vehicle condition data. “LiquidConnect speeds up […] [Read More]

Results from the July dealer survey orchestrated by KeyBanc Capital Markets showed how much used-vehicle and F&I momentum stores had going into this past weekend’s Labor Day holiday sales stretch. All 100 percent of participating dealers said July sales were higher than the same month a year earlier. A total of 86 percent of responding […] [Read More]