HOUSTON — Retail sales figures for buy-here, pay-here dealers softened a bit in 2012 compared to a year earlier, according to industry benchmarks compiled by the National Alliance of Buy-Here, Pay-Here Dealers that will be shared during the organization's upcoming National Conference. Specific details about those sales trends as well as the inventory BHPH dealers […] [Read More]

DETROIT — In celebration of Financial Literacy Month and as a way to build upon the more than 1,000 consumers who already have utilized its tutorials specifically about auto financing, Ally Financial launched its 30 Days of Financial Literacy initiative today. The program features more than 30 personal finance classes throughout the month of April, […] [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies is offering a free webinar where compliance counsel Randy Henrick will discuss the latest regulatory developments coming from the Consumer Finance Protection Bureau. The session where Henrick will offer his analysis of the CFPB's bulletin about dealer reserve and more is set for 2 p.m. ET on Thursday. This […] [Read More]

BROOKFIELD, Wis. — Fiserv said 2012 was a record-setting year for its automotive loan origination system. Officials highlighted that more than 10.8 million loan applications and 3.7 million contracts were processed through the Fiserv's auto lending platform, marking a 31- and 33-percent year-over-year increase for applications and contracts, respectively. Fiserv explained the growth reflects the […] [Read More]

Successfully managing, maintaining and expanding a store’s online reputation is still a relatively new job to some dealers. And it seems almost everyone has a different strategy to go about accomplishing this task. With this in mind, Auto Remarketing looked at what some top experts in the digital marketing field have found in order to […] [Read More]

General Motors recently shared its list of 2012 Dealers of the Year, a group that included top-notch stores scattered throughout the U.S. One of those winners was Jim Ellis Chevrolet, an Altanta dealership that celebrated its second year in a row earning this honor. “It is rare for a dealership to win this award two […] [Read More]

As dealers highlight models to fulfill buyer demand for gas-sipping, high-performance vehicles, a new J.D. Power study showed satisfaction is declining among customers whose vehicles are equipped with a feature automakers are using to improve fuel efficiency. Specifically, customer happiness with run-flat or low-rolling resistance tires is softening, according to the J.D. Power and Associates […] [Read More]

Having already opened its ninth store in Virginia earlier this month, CarMax is looking for a total of 90 workers to staff two new dealerships it’s rolling out in Georgia. This new personnel will operate the company’s Peach State additions in Columbus — a new 13,000-square-foot facility at 6463 Veterans Parkway that’s scheduled to open […] [Read More]

Wonder Woman is taking to the streets instead of the skies these days — in the form of a car. Kia Motors America unveiled its new Sportage, inspired by the power of Wonder Woman, in conjunction with the 2013 New York International Auto Show. Featuring a star-accented color scheme derived from Wonder Woman’s outfit and […] [Read More]

Hyundai Motor America continues to chase down pediatric cancer, as the company announced this week the launch of its 15th year of funding research to find a cure. Through its nonprofit Hyundai Hope On Wheels, the company and its dealers will donate $14 million for pediatric cancer research in 2013 to institutions across the U.S., […] [Read More]