OVERLAND PARK, Kan. — Fourteen years ago I became a manager of a BHPH operation associated with a large multi-franchise dealer group in Texas. We had a related finance company with a $17 million portfolio. There were 2,500 open loans averaging 180-week terms at 26 percent interest. This operation was what I referred to as […] [Read More]

HANOVER, Md. — Hudson Cook established the firm's New York office with the recent addition of its newest partner. Joining the provider of legal compliance services for the financial services industry is Jeff Levine Hudson Cook highlighted Levine's practice will focus on helping financial institutions, sales finance companies, dealers and manufacturers to establish and maintain […] [Read More]

CARMEL, Ind. — After 25 years and now 150 stores in its buy-here, pay-here network, J.D. Byrider contends it has this new franchisee launch program down pretty nicely. Vice president of franchise sales Jack Humbert pointed to a host of reasons why J.D. Byrider now is expecting to match 2012's record-breaking year of double-digit growth […] [Read More]

While NADA Used Car Guide also rattled off the top 15 used vehicles most researched on NADAguides.com last month, analysts noticed how Buick and Audi strengthened their momentum for year-over-year gains in consumer activity. In July, Buick led the way with a 23-percent gain in consumer activity, and Audi wasn’t far off that pace with […] [Read More]

The share of franchised dealers’ used-vehicle sales that the certified pre-owned market commanded in the second quarter was down from the record penetration in Q1, but Q2 CPO share still beat the year-ago figure — not to mention certified sales were at a record pace, yet again. That’s according to the Used Market Quarterly Report […] [Read More]

There has been a 9-percent upswing in auction volume for vehicles up to 4 years in age this year — and consumers appear to have no problem with gobbling up this increased supply on the retail side. That’s the latest from NADA Used Car Guide, whose Guidelines report breaks down auction volume changes by age […] [Read More]

Though used prices are still falling from the abnormally high rates seen during 2008 and 2009, it seems used-vehicle depreciation is slowing as the summer progresses. After sliding by a slight 1.1 percent in June, depreciation “tightened” up even more in July, said NADA Used Car Guide’s Jonathan Banks. According to the latest NADA Guidelines […] [Read More]

Along with an update about a fundraising project in Oklahoma, Ally Financial announced how it’s joining forces with the National Automobile Dealers Association to launch a quick, six-question survey that will measure the charitable contributions of franchised dealers across the country. For every survey completed, Ally and NADA will each make a $1 donation to […] [Read More]

A1SuretyBonds.com reminded dealers and wholesalers operating in Alabama that the state’s Department of Revenue Motor Vehicle Division released its new portal for dealer regulatory licenses. As of July 31, all renewals and requests for new licenses must be processed through the portal, which generates all required forms. The site indicated that any form not printed […] [Read More]

SANTA MONICA, Calif. — Along with data about how many used-vehicle contracts written at franchised dealerships are bringing in some negative equity, Edmunds.com shed light on term length, APR and more about second-quarter used-vehicle sales at franchised stores. Edmunds.com determined the average APR in the second quarter came in at 8.2 percent, down slightly from […] [Read More]