National Highway Traffic Safety Administration officials recently announced Chrysler is recalling nearly a quarter-million trucks from model years going back to 2003. The recall includes the Dodge and Ram 1500 from the 2008 model-year as well as Dodge and Ram 2500 and 3500 from model years 2003 through 2011. A total of 242,780 U.S. units […] [Read More]

JMN Logistics announced earlier this week it has hired a new sales manager. Tapped for the position is Alycia LaMartina. LaMartina will represent the auto transportation and logistics company at numerous auto auctions and dealerships across the greater St. Louis area. “Alycia’s strong work ethics and ability to work independently will make her transition into […] [Read More]

SALT LAKE CITY — Prestige Financial Services recently announced it has established a $150 million funding facility with Wells Fargo Securities.  The company noted that the new arrangement is similar to a secured revolving line of credit and also “provides a substantial source of liquidity to fund the Salt Lake City-based auto finance company’s consumer […] [Read More]

WESTERVILLE, Ohio — NAC, which orchestrates sales and administration of vehicle service contract products and services, recently launched ExpressLane 2.0 — the company's next generation online dealer contracting system. Officials explained ExpressLane was designed to address the efficiency gaps and sales challenges within the service contract market today, create a foundation for more technology-driven business […] [Read More]

WILKES-BARRE, Pa. — GWC Warranty Corp. and Southern Auto Finance Co. formed a vehicle service contract strategic alliance this week. The companies indicated the alliance means SAFCo now offers through its dealers the GWC vehicle service contract and GAP program. Officials believe the relationship can provide store managers more tools for profitability and loan customers […] [Read More]

McLEAN, Va. — In revealing company-wide financials Wednesday, Capital One reported on a few key trends in its auto finance division. For the second quarter, period-end automobile loans held for investment accounted for $19.22 billion, compared to $18.34 billion in the previous quarter. In the second quarter of last year, the company held $17.22 billion in […] [Read More]

Two Big 3 brands kept their respective perches as the most-researched brands during the second quarter and domestics, overall, were on top for sales and consumer interest. But European car companies appear to have a full head of steam and may be on the verge of a sales spike down the road, according to NADAguides. […] [Read More]

With buyer trends and online sales strategies sometimes changing faster than a store’s used inventory, AutoTrader.com launched its new Dealer Learning Center, an online educational resource for the site’s dealer customers, their staff and other members of the store community. Through this portal, officials explained Wednesday that dealers have access to on-demand video tutorials, topical […] [Read More]

OEM officials this week highlighted incentives connected with their annual “Summer Clearance Event” at all participating Chrysler, Jeep, Dodge, and Ram Truck dealerships. During this year’s campaign that runs through the end of August, qualified consumers can be eligible for special zero percent financing for up to 72 months or Customer Cash up to $3,000 on […] [Read More]

More than 110 dealer principals and other store managers registered to listen to two Pre-Owned Automobile Dealers Alliance members who have enjoyed great success with the CarMark Certified program say how it can benefit a variety of rooftops. This week’s free edition of the POADA’s Pre-Owned LIVE Webinar series included Graham Edwards, dealer principal of […] [Read More]