An Arizona dealership is offering golf, a cookout and prizes in a multi-stop spring tour that touts the BMW convertible. And it's using Facebook to help drum up some interest. BMW fans and golf enthusiasts are invited to participate in the Chapman BMW Top Down Tour, with stops each Saturday morning in April as follows:  […] [Read More]

NextGear Capital announced it has launched a Spanish and French version of its corporate website in an effort to enhance its service levels for the Spanish and French-speaking  dealer communities.  This may prove particularly to its customers north of the boarder, since the company just announced its expansion into Canada. "The landscape of our business […] [Read More]

Auto/Mate Dealership Systems announced this week that it has completed integration with the CAR-Research XRM customer relationship management system. So what does this mean for dealers? Through the integration of these DMS and CRM solutions, dealers who use either product now have an expanded number of vendor choices. What’s more, for dealers who use both […] [Read More]

Record attendance, both live and online, marked the Charleston Auto Auction’s 12th anniversary celebration. The two-day celebration included a lender/vendor event on Thursday that featured live music, food and numerous companies offering services to benefit Charleston Auto Auction dealers.  Then on Friday, the auction hosted its anniversary sale, featuring more than 1,500 vehicles, 800 dealers […] [Read More]

NEW YORK — Auto loan default rates moved up marginally in February compared to the previous month, but readings according to S&P Dow Jones Indices and Experian still fell below year-ago levels. The February auto loan default rate came in at 1.11 percent, up just slightly from January's level of 1.10 percent. A year earlier, […] [Read More]

WASHINGTON, D.C. — Confirmation to keep the director of the Consumer Financial Protection Bureau at his post took a step forward Tuesday by a narrow margin. Along the way, opposition reiterated its stance to how the regulatory agency is organized. Members of the U.S. Senate Banking Committee voted Tuesday to approve Richard Cordray's nomination to […] [Read More]

LOS ANGELES — Westlake Financial Services and Primeritus Financial Services formed a collaborative partnership on Tuesday. Officials highlighted that Primeritus will leverage its recovery management and skip-tracing services to assist Westlake with skip-to-locate services for the finance company's post charge-off collateral accounts. "Primeritus has a solid reputation in the industry by helping companies improve their […] [Read More]

HANOVER Md. — Hudson Cook recently added a new partner to establish the firm's new office in Oklahoma City. Joining the provider of legal compliance services is Eric Johnson, who firm leadership said will focus his practice on federal and state consumer financial services laws and automotive finance. Before joining Hudson Cook, Johnson was a […] [Read More]

Making your dealership visible online is crucial — and that’s not news. New research from FordDirect — the joint venture between Ford Motor Company and its franchised dealers that provides digital marketing guidance — adds to the mounting pile of evidence supporting this sentiment. [Read More]

Anytime, anywhere bids are the goal of a recently launched auction industry app, the release of which was announced this week.  Copart announced the debut of its newest version of Copart Mobile, a mobile application that allows buyers to attend Copart’s patented live auctions and bid from any iOS device. The company said it re-launched […] [Read More]