CarMark Auto Finance is hosting a free webinar on Thursday that will explore the details behind a new residual-based financing option that can help dealers greatly reduce monthly payments for their customers. Leading the “CarMark Auto Finance: A New Residual-Based Finance Program” webinar is David Ruggles, manager of CarMark Auto Finance. The event is scheduled […] [Read More]

The Real Front Line: Do you know what your recon cycle time?  Inevitably, when we ask dealers this question the standard answer is: “I am pretty sure it is somewhere around 5–7 days.”  But do you measure it?   [Read More]

With gas prices high, commuting and the amount of money it takes to get from home to work and back again has high priority on consumers’ minds these days. And according to AAA, 86 percent of Americans rely on their vehicle to get them to and from work every day. In what could be an […] [Read More]

The National Auto Auction Association will keep it on the gridiron for its annual conference later this year. Announced as a keynote speaker for the NAAA Annual Convention is football coaching legend and current ESPN sportscaster Lou Holtz, who will deliver a keynote address during the opening luncheon at the conference on Sept. 4 in […] [Read More]

Spring is under way, and the American International Automobile Dealers Association is gearing up for the AIADA 7th Annual International Auto Industry Summit in the nation's capitol later this season.  And Jenell Ross, AIADA chairwoman, highlighted a few reasons why she never misses this event on her blog, noting she considers AIADA’s spring meeting to […] [Read More]

CHICAGO — A new survey from TransUnion showed approximately two in three credit union executives see loan growth as the critical business issue facing their industry in 2013, and auto loans may be the main focus of that growth. The survey found that more than half of credit union respondents believe auto loans are their […] [Read More]

CLEARWATER, Fla. — For the second time in three years, Nicholas Financial retained a financial adviser to assist the specialty consumer finance company's board of directors with consideration of a possible sale. Last week, Nicholas Financial officials said their board retained Janney Montgomery Scott as their independent financial adviser to assist the board in evaluating […] [Read More]

DALLAS — Comerica Bank's latest Auto Affordability Index indicated the purchase and financing of an average-priced new vehicle took 23.6 weeks of median family income in the fourth quarter of 2012. Bank analysts determined consumers on average spent $900 more on new vehicles in the fourth quarter than they did in the third quarter of […] [Read More]

TORRANCE, Calif. — Due to an overwhelming response to their second annual "GoGreen" campaign, Toyota Financial Services and Lexus Financial Services announced the organizations are doubling their commitment to the Boys & Girls Clubs of America. The captives now are willing to donate up to $200,000 to the non-profit organization. The environment-friendly campaign, which runs […] [Read More]

When we talk about human nature, we’re talking about conditions that are basic to all of us, so what we’re really talking about is a tremendous natural resource that can be studied and used to further our own purpose. Once you have a basic understanding of the prey you are hunting, the task becomes not […] [Read More]