With many Baby Boomers close to or already in retirement and older generations well into their golden years, Generation Y appears on the cusp of being the most influential in the auto market. Being able to recruit the educated young professionals in this age group more effectively may help dealerships overcome what The Manus Group […] [Read More]

Organizers of the Active Auctioneers Foundation’s second annual beach party and benefit auction said more than 300 industry professionals helped to generate more than $100,000 during more than 20 live auctions. Held on June 18 at historic Casino in San Clemente, Calif., AAF reiterated the funds gathered during the event provide financial support for individuals […] [Read More]

Lemonfree.com and Carfax announced Monday that visitors to the online marketplace will now be able to view Carfax Vehicle History Reports run by dealers directly from vehicle listings starting Aug. 1. The site also noted that a logo and text indicator will let shoppers know if a Carfax Report is available for specific vehicles. “One […] [Read More]

The Larry H. Miller Group of Companies officially opened the doors to its used-car superstore in Boise, Idaho, on Monday, marking the state’s fourth LHM dealership. The LHM Used Car Supermarket encompasses what the company calls the most up-to-date design innovations with the aim to offer best consumer experience. Managing the dealership is Nicolas Hourani, […] [Read More]

KNOXVILLE, Tenn. — ProconGPS, a mobile resource management solutions company, recently announced it has bought the patents governing repossessions in the vehicle finance industry from CalAmp Corp. The intellectual property covers methods and systems that utilize GPS technology, cellular networks and information systems to monitor loan status for a default condition on a vehicle and […] [Read More]

ANAHEIM, Calif. — Sunwest Bank funded $4.5 million in credit lines for subprime auto finance companies in June,  its senior vice president of commercial lending reported to SubPrime Auto Finance News. "We funded one for $2 million and another for $2.5 million," said Matt Rogers, of Sunwest.  "Both borrowers are indirect auto finance companies (acceptance companies) […] [Read More]

HOUSTON — With new origination volume soaring, First Investors Financial Services Group finished its 2011 fiscal year on a record-setting note, watching net income climb to the highest point in company history. Officials recently calculated their net earnings came in at $1,342,365 or 29 cents per basic common share for the fourth quarter that ended […] [Read More]

OVERLAND PARK, Kan. — Whether it's a well-established buy-here, pay-here dealership or a franchise lot looking to venture into the BHPH market, NCM Associates is planning a free Webinar to benefit all managers and salespeople. The upcoming 60-minute session with NCM's Brent Carmichael titled, "Understanding the Buy-Here, Pay-Here Business Model," is set for 2 p.m. […] [Read More]

AutoMotionTV recently released a new version of its AutoMotionTV Dealer App platform. The app creation platform can allow dealers to create interactive mobile apps for Apple’s iOS and Android-based mobile devices. Company officials explained enhanced analytics included in the new version can give dealers detailed reporting options such as in-app user behavior and user action […] [Read More]

After citing industry analyses showing how repossession trends are declining, Repo Remarketing highlighted how the company has enjoyed growth during the past six months. How much growth? Repo Remarketing says it’s been 46 percent. Jodie Dawson, Repo Remarketing’s director of repossessions, revealed that although credit union partners have seen a decrease in overall repossessions, there […] [Read More]