Repo agencies are already regulated in California and Florida. And Illinois just passed a new law this year. Could Tennessee be next? Apparently, a legislator in the Volunteer State is preparing to bring a measure before the state’s General Assembly. State Rep. G.A. Hardaway serves constituents near Memphis, Tenn., a section of Tennessee he believes […] [Read More]

Auto Remarketing publisher Ron Smith, who founded the magazine 20 years ago and has overseen the growth of Cherokee Automotive Group (CAG) to include magazines, digital newsletters and conferences, is retiring as publisher and will assume the title of publisher emeritus. Bill Zadeits, Auto Remarketing’s associate publisher, is assuming the role of publisher of all […] [Read More]

At the same time the finance company’s top boss secured more shares, a partnership of private investment firms delivered a $1 billion capital injection into Santander Holdings USA and Santander Consumer USA late last week. In return for these funds, Santander is giving Sponsor Auto Finance Holdings Series an aggregate number of shares of SCUSA […] [Read More]

Carfax announced today that another automaker is utilizing the company as the vehicle history provider for its certified pre-owned program. Adding Carfax reports to its CPO program is Kia Motors America, which is now providing these reports with each certified vehicle, giving its dealers another strong selling point for CPO. With the addition of Kia, […] [Read More]

After a strong September, J.D. Power and Associates contends this month’s new-vehicle retail sales remain stable, sitting above a 10-million unit level. October new-vehicle retail sales are projected to come in at 828,300 units, which represents a seasonally adjusted annualized rate of 10.5 million units. J.D. Power arrived at this estimation by gathering real-time transaction […] [Read More]

Revealed late last week, NADAguides has now integrated Chrome System’s PaymentDriver solution into its website. Introduced earlier this year, the payment solution allows dealers and other third party online providers to offer consumers the ability to generate online monthly payments for specific vehicles. [Read More]

Facility renovation is certainly a hot topic among dealerships these days, and it’s often found that dealership expansion can prove fruitful. That said, the American International Automobile Dealers Association is urging dealers to get their ducks in a row in terms of fully understanding real estate acquisition and construction. [Read More]

For those planning a holiday road trip or for sports fans that spend most fall weekends tailgating, Cars.com has some news that might spice up drivers’ time on the road or at the game. Revealed late last week, the site announced it has launched three new custom Pandora branded radio stations. The stations titled, “Road […] [Read More]

Following months of production challenges in the aftermath of the devastation in the automaker’s home of Japan, Honda Canada Manufacturing said it is back to full production capacity, meaning dealers should soon see inventory return to more normal levels, including the supply of all-new 2012 Civics. Almost the entirety (about 95 percent) of Honda’s Canadian […] [Read More]

Carfinco Income Fund took a few big steps this week as part of its process to transition from being an income trust to becoming a new corporation. Carfinco revealed Wednesday that it has struck an arrangement agreement with the new corporation — to be named Carfinco Financial Group — which is one of the required […] [Read More]