EasyCare announced late last week the addition of another Motor Trend Certified dealership. The latest to officially join the program is Blue Springs Ford. The Kansas City, Mo.-area store is among the first group of dealers chosen for the pre-owned vehicle certification program, which was created for Motor Trend and powered by EasyCare. [Read More]

By invitation only, dealers were in attendance physically and virtually as Columbus Fair Auto Auction hosted its inaugural “Auction Everywhere” simulcast event on Tuesday. Held at the Pinnacle Golf Club in Columbus, Ohio, the independent, family-owned CFAA hosted more than 50 attendees and virtually presented 200 frontline ready vehicles in this first of what the […] [Read More]

NEW YORK — Fitch Ratings' latest index results indicated seasonal patterns drove losses on both U.S. prime and subprime auto loan ABS higher last month. Despite this trend, Fitch expects prime asset performance to remain strong in 2013. However, losses will normalize and increase off of record low rates recorded in 2012 throughout the course […] [Read More]

WASHINGTON, D.C. — Could a decision late last week by the U.S. Circuit Court of Appeals for the D.C. Circuit eventually nullify the moves by the Consumer Financial Protection Bureau since Richard Cordray became director? A former top legal counsel at the agency thinks that very well could be the case. The developments arose because […] [Read More]

HOUSTON — First Investors Financial Services announced late last week that it has completed the issuance of $187 million in term asset-backed notes in a private placement transaction. The notes were issued by a wholly-owned subsidiary of the company through the First Investors Auto Owner Trust 2013-1. Officials explained the notes consist of five sequential […] [Read More]

ATLANTA — An industry memorial service is on tap next month in honor of Auto Auction Services Corp. president and chief executive officer Don Meadows, who died on Dec. 10. The event will take place at the Westin Atlanta Perimeter North in Atlanta on Feb. 28 from 11 a.m. to 2 p.m. ET.  Lunch will […] [Read More]

It seems the year is off to a roaring start in terms of used-car sales. With Edmunds.com expecting an estimated 3.21 million used cars to be sold this month — for a SAAR of 40.2 million — CNW Research anticipates the number will reach 2.3 million units, up 4 percent year-over-year. And both franchised and […] [Read More]

Store managers and finance executives now can pluck guidance from new reference books when they have situations regarding compliance with a specific federal act as well as — in the case of franchised dealerships — relationships with parent manufacturers. CounselorLibrary.com, the publisher of auto financing and leasing legal compliance services, announced the newest in its […] [Read More]

How important is your online advertising strategy? Dealers rely on customer relationship management to gauge how many shoppers are citing the Internet as incentive to visit a dealership, but this practice may not be providing accurate results, according to a recent study.  This week, AutoTrader.com released a new white paper called “The CRM Paradox,” which […] [Read More]

ADP Dealer Services and RedBumper have teamed up to create a new way for dealers to manage their used-vehicle inventories via mobile devices. ADP Dealer Services this week announced its new retail solution called Lot Management, as what the company called the first of many solutions to be wrapped into its Front Office Edge suite […] [Read More]