The Indiana Independent Automobile Dealers Association recently named its 2011 winner of the Joe Krier Quality Dealer of the Year. Garnering the accolade this year was Shaver Preferred Motors of Merrillville, Ind. The association gave the honor to Michael Shaver Sr. at its annual golf outing and awards day on Sept. 11 at Ironwood Golf […] [Read More]

Thanks to a ruling on Tuesday by the Federal Reserve Board, dealers — just like lenders — will have a little more breathing room to get their ducks in a row for the data collection requirements under the Dodd-Frank Wall Street Reform and Consumer Protection Act. The Fed amended Regulation B on Tuesday, meaning that […] [Read More]

TAMPA, Fla., and INDEPENDENCE, Mo. — J.D. Byrider revealed this week car shoppers looking for buy-here, pay-here dealerships in both Florida and Missouri will now have more options to choose from. With the opening of two new locations, one in Tampa, Fla., and one in Independence, Mo.; the chain now boasts 134 locations in 30 […] [Read More]

BANDON, Ore. — CNW Research reported today that the average FICO score for used buyers came in at 622.17 in the opening weeks of September. Meanwhile, on the new-car side, the company said the average FICO score was 691.37. Discussing the trend on the used-car side, Art Spinella, CNW president, said, "And again, the cause can […] [Read More]

WOODCLIFF LAKE, N.J. — BMW Financial Services announced this week its customers will now have the ability to manage their accounts via their smartphones. After a secure log-in, captive finance customers can now make payment or obtain a payoff quote, as well as view recent activity and payment history — all from their phones. The […] [Read More]

CHERRY HILL, N.J. — Steady growth of acquisition and buy-here, pay-here portfolios pushed Pelican Resource Group to launch new bulk and point of sales purchase programs as well as the rollout of a national expansion and a new West Coast servicing center. "The company has been very successful in the Mid-Atlantic states and is continuing […] [Read More]

The American International Automobile Dealers Association is calling for nominations for its annual award that spotlights a member of the industry whose work ethic and dedication to family and community are exceptional. AIADA is now accepting entries for the David F. Mungenast Lifetime Achievement Award, which will be given out at the association’s Annual Meeting […] [Read More]

In early September, two long-time industry veterans retired from Manheim. These executives include Keith Williams, who retired as vice president of technology integration after a 44-year career, including 26 years at Manheim; and Dan Thomas, who retired as general manager of Manheim Nevada after a 36-year career, including 19 years spent with the auction giant. […] [Read More]

GE Capital Fleet Services recently revealed it has expanded its relationship with Carfax and will report more history information to the company in an effort to provide the wholesale market with greater access to more data. Now, dealers and buyers at auction will have access to Carfax Vehicle History Reports on GE Fleet units that […] [Read More]

Nine current models from nine different brands. That’s what makes up the latest quarterly list of Top Recommended Current Buys from NADAguides. The specific units included in the list released Wednesday were the 2011 Audi S5, 2012 BMW 6 Series, 2012 Chevrolet Colorado, 2012 Ford Mustang, 2011 GMC Terrain, 2012 Hyundai Tucson, 2011 Land Rover […] [Read More]