SANTA MONICA, Calif. and ALEXANDRIA, Va. — Pentagon Federal Credit Union, which claims to be the third largest credit union in the U.S., announced today that it will continue to offer its more than a million members a reduced interest rate when using the PenFed Auto Buying Program powered by TrueCar.com. For members looking to […] [Read More]

HALIFAX, Nova Scotia — The Nova Scotia Automobile Dealers Association recently brought TD Auto Finance in as a Select Supplier for the dealer group, signing TDAF to a three-year agreement. Under the deal, TDAF will help NSADA offer value-added programs and services to its dealers, while also funding training/education programs that will be offered to […] [Read More]

The power-packed keynote session that leads the second day of next month’s Auto Remarketing Canada conference presented by CarProof will provide keen insight into the state of Canada’s used-car industry through a variety of viewpoints. “The Strategic Importance of Remarketing and Used Car Markets to the Canadian Automotive Industry” session will be a vibrant discussion […] [Read More]

Day two of the National Auto Auction Association/CAR event will feature two keynote speakers, including Ed Curry, of Asbury Automotive Group, and Tammy Darvish, of DARCARS. In addition to these speeches, there are several workshops set for today, as well as an NAAA Finance Budget Meeting. After breakfast and a NAAA Convention Committee Meeting, Curry, […] [Read More]

The Nova Scotia Automobile Dealers Association recently brought TD Auto Finance in as a Select Supplier for the dealer group, signing TDAF to a three-year agreement. Under the deal, TDAF will help NSADA offer value-added programs and services to its dealers, while also funding training/education programs that will be offered to dealers and members of […] [Read More]

After a hearty month to kick off 2012, it appears Canda’s certified pre-owned market has continued to build steam, as several of Canada’ leading brands have reported strong growth in the first two months of 2012. Among these brands is  Audi, which has benefited from its dealers kicking their trade-in sourcing up a notch. Audi’s […] [Read More]

The International Automotive Remarketers Alliance honored its Circle of Excellence winner for 2012 on Wednesday during a special luncheon and keynote address at the NAAA/CAR event in Las Vegas, bestowing recognition upon Virgil Matczak. Delivering the keynote address during the luncheon was Tim Martin, of LeasePlan, USA. [Read More]

The Federal Trade Commission seems to be cracking down on false or exaggerated advertising, as it recently called into question ads from a group of five dealerships around the country. And Tom Hudson, of Hudson Cook, believes other dealers should take heed. The FTC charged that the ads — which ran on the dealers’ websites, […] [Read More]

Though down more than 3 percentage points from an “exceptionally high” year-ago period, lease penetration rates remained steady in the near-20-percent range during February, thanks to relative stability in lease return volume and consistent incentives, according to J.D. Power and Associates. And while the fallout from the 2008 leasing drought influenced the market in February, […] [Read More]

Vincentric released its eighth annual Best Value in America awards Wednesday and highlighting the list of winners was Toyota, whose brands combined to take home 13 awards. The Toyota division was named the best value for passenger car brands, and the automaker’s three divisions were represented in 12 of the 39 individual vehicle awards. Four […] [Read More]