Charleston Auto Auction celebrated its 11th anniversary with a record breaking crowd as dealers traveled from all over the country, pushing the attendance to more than 750. Before more than 1,300 vehicles were offered for sale, the day began with free breakfast, live music and remarks by John Brown, executive director of the Carolina Independent […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Dealership financial services company Finance Express revealed this week it has entered into an agreement with Santander Consumer USA, adding the company to its lender portal. Commenting on the news, David Huber president of Finance Express, said, "We are very pleased to be adding Santander to our lender platform. “Dealers […] [Read More]

BENTONVILLE, Ark. — Earlier this week, buy-here, pay-here store chain America's Car-Mart revealed that it entered into an amended and restated loan and security agreement with a group of five lenders. The new agreement took effect last Friday. The company explained the arrangement amends and restates the existing loan and security agreement which Car-Mart entered […] [Read More]

WASHINGTON, D.C. — Consumer Financial Protection Bureau director Richard Cordray recently reiterated a head-turning fact: currently 30 million Americans are subject to some form of third-party debt collectors. And how these collectors, as well as repo agents and recovery departments, attempt to get some of that collateral and money back is about to be even […] [Read More]

SAN FRANCISCO — Wells Fargo & Co. recently tabulated that it invested $213.5 million in 19,000 nonprofits last year, giving more than $200 million for the fourth consecutive year. In addition, Wells Fargo said its team members increased their donations, which totaled more than $63.9 million and 1.5 million volunteer hours to more than 28,000 […] [Read More]

College basketball teams like Kentucky, Michigan State, North Carolina and Syracuse might be among the favorites to celebrate a national championship, but the NCAA Tournament winner won’t be the only one “cutting down the nets,” so to speak, on April 2. As the most celebrated three weeks in college hoops is set to get underway, […] [Read More]

Auto Retailer Russ Darrow Group recently revealed it has chosen a new general manager for its Russ Darrow Kia store. Tapped for the position is Lee Folk, who will manage the rooftop located at 416 N. Rolling Meadows Drive, Fond du Lac, Wis. In this new position, Folk will be “responsible for the day-to-day operations […] [Read More]

UCMLink, a recently launched dealer-to-dealer online portal geared toward helping used-car managers meet their business needs, has teamed up with Auto Search Technologies to provide dealerships a national retail listing service and data management hub. When this offering goes live in two weeks, dealers and their used-car managers will be able to tap into a […] [Read More]

NCM Associates announced the date and location for the launch of its newest training offering, Deep-Dive Seminar for General Managers. Organizers explained the week-long seminar scheduled for April 16–20 in Dallas features three separate sessions targeting competencies meant to aid general managers in maximizing their effectiveness in the dealership.   According to Garry House, director […] [Read More]

Consumer Financial Protection Bureau director Richard Cordray recently reiterated a head-turning fact: currently 30 million Americans are subject to some form of third-party debt collectors. And how these collectors, as well as repo agents and recovery departments, attempt to get some of that collateral and money back is about to be even more regulated. Cordray […] [Read More]