It was announced Thursday that AutoTrader.com has chosen a preferred direct lender for the site, one that the company contends will  provide shoppers interested in a direct lending option with “a seamless way to access financing.” Tapped for the role is online auto lender RoadLoans.com —  owned by automotive finance company Santander Consumer USA Inc. [Read More]

Charleston Auto Auction, home to the nation’s first Certified Automotive Remarketer, has just announced that two additional management staff members have earned the International Automotive Remarketers Alliance certification. Joining the graduates of the IARA Certified Automotive Remarketer program are general manager Laura Taylor and assistant general manager Bill McCready. They follow the lead of Chris […] [Read More]

Kia Motors America on Thursday announced the appointments of three leaders to executive vice president positions. KMA President and chief executive officer Byung Mo Ahn said that receiving the promotions were Tom Loveless, Michael Sprague and John Yoon. The automaker went on to stress the impact each has had in their respective areas of management […] [Read More]

HOUSTON — Positioned as a way for franchised or new independent dealers to learn about the market, the National Alliance of Buy-Here Pay-Here Dealers plans to hold a BHPH boot camp in Monroe, N.C., a suburb of Charlotte, on Aug. 18 and 19. NABD officials highlighted the boot camp will provide hands-on training for attendees […] [Read More]

ATLANTA and DALLAS — It was announced Thursday that AutoTrader.com has chosen a preferred direct lender for the site, one that the company contends will provide shoppers interested in a direct lending option with "a seamless way to access financing." Tapped for the role is online auto lender RoadLoans.com — owned by automotive finance company […] [Read More]

NASHVILLE, Tenn. — Strategic Marketing Alliance, through its wholly owned subsidiary USAutoplex, is currently developing a platform to provide subprime auto financing to USAutoplex vehicle buyers. Officials indicated SMA Alliance will soon launch Autoplex Credit through USAutoplex's exclusive agreement with Credit Union Dealer Network. The company explained this latest platform will allow subprime lending at […] [Read More]

WASHINGTON, D.C. — Thinking about how these individuals might be taken advantage of at places such as dealerships, the Consumer Financial Protection Bureau revealed its newest investigative topic this week: America's elderly. CFPB officials announced a public inquiry to learn more about the ways in which older Americans are financially exploited and about the best […] [Read More]

Manheim and the National Independent Automobile Dealers Association honored a Georgia dealer at NIADA’s Convention & Expo this week for its service to the community. Winning the second annual Dealer’s Edge National Community Service Award was Ron’s Auto Sales, which is located in Lawrenceville, Ga. The dealership was presented a $5,000 check to be donated […] [Read More]

Five federal supervisory agencies recently released a Memorandum of Understanding aimed at clarifying how the agencies will coordinate their supervisory activities consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act. The five agencies joining forces for this MOU included the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, […] [Read More]

The 2012 National Independent Automobile Dealers Association Convention & Expo wraps up today with another full lineup of general and breakout sessions capped off by the National Quality Dealer Awards Broadcast & Banquet followed by the NQD After-Party. There were two general sessions slated for this morning; and after lunch in the Expo, the following […] [Read More]