Why should a dealer read this? Recent events in North Carolina concerning retail dealers going out of trust with their floor plan providers should remind dealers that there is a severe limit on secure methods of wholesaling a vehicle to another dealer. With very few exceptions, in wholesale transactions, the State of North Carolina will […] [Read More]

Provider of vehicle leasing and fleet management solutions LeasePlace USA announced last week it has been named a No. 1 workplace by the Atlanta Journal-Constitution. This is the second time the Atlanta-based company has received this award in the mid-size company category. “Being recognized as the number one mid-size company, exemplifies the passion, expertise, respect […] [Read More]

When company leadership highlighted its first-quarter performance last week, Ally Financial discussed its objectives for continuing to work with Chrysler franchised dealers even though its exclusive agreement with the automaker expired on Tuesday. Ally Financial president Bill Muir acknowledged one of the biggest changes will be that the company no longer will arrange subvented leases […] [Read More]

In what the company calls a “highly anticipated” product release, DealerSocket has announced its new database-mining tool. The customer relationship management firm late last week noted the release of RevenueRadar, which uses DealerSocket technology. RevenueRadar features 11 queries called Radars, the company said, that continuously search the user’s database and send “Pings” when customers are […] [Read More]

NADA University extended the deadline to participate in the 2013 Dealership Workforce Study for a second time to accommodate many requests from dealer members. Now stores have until June 30 to participate. Officials from the National Automobile Dealers Association and American Truck Dealers reiterated this project is only study that compares a dealership’s compensation and […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 FORT WORTH, Texas — General Motors Financial reinforced its allegiance to its parent automaker with moves revealed during its latest quarterly conference call. While acknowledging that competition is ramping up within its subprime used-vehicle financing business, GM Financial is making plans to roll out a prime […] [Read More]

LAS VEGAS — The buy-here, pay-here dealership industry continues to be a market segment eyed by U.S. Department of Justice investigators. Just last week, various online reports mentioned a high-ranking Justice Department official discussing BHPH dealers during regulatory panel discussion at George Mason University. And the Attorney General's 2011 annual report to Congress pursuant to […] [Read More]

DAYTON, Ohio — Similar to a relationship reinforced in Pennsylvania, Reynolds and Reynolds expanded its strategic alliance with the California New Car Dealers Association today. Officials added the Reynolds LAW 553 Universal Retail Sale Contract to the LAW California F&I Library. They highlighted the Reynolds LAW 553 is one of the most widely accepted document […] [Read More]

LAKE SUCCESS, N.Y. — Dealertrack Technologies recently hit a new milestone with the number of active lenders connected to its Dealertrack Credit Application Network. Officials indicated the level now exceeds 1,300 lenders. The Dealertrack Credit Application Network, which has grown from five lenders in 2001 to more than 1,300 lenders today, can allow dealers to […] [Read More]

As weather warmed, buyer interest for used vehicles on KBB.com focused in on Japanese automakers, with Honda and Toyota making up four of the top five most researched pre-owned vehicles on the site. Taking the No. 1 spot was the popular Honda Civic, followed by the Honda Accord and Toyota Camry, respectively. In the No. […] [Read More]