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]

Kia Canada and its Montreal-area dealers have teamed up with the city’s pro soccer team to raise awareness for a cause devoted to preventing and finding a cure for prostate cancer. All this week, area Kia dealers have been offering test drives for $10 donations, with the proceeds going to PROCURE’s fight against this disease. […] [Read More]

It was announced earlier this week that Calgary, Alberta-based Quorum has been recognized by Microsoft Corp. with Gold Certified Independent Software Vendor Certification as well as Silver Server Platform Competency and Silver Hosting Competency designations. Having this kind of working relationship with the American software giant is pivotal to Quorum providing dealers and other customers […] [Read More]

Although there was a modest decline in the ADESA Canada Used Vehicle Price Index during May as well as a drop-off in wholesale values that exceeded 5 percent, there was some positive news to share about the nation’s overall economy during the month. Analysts report that consumer confidence climbed sharply, unemployment rates were static and […] [Read More]