LAS VEGAS — PaymentVision, an electronic payment services company, has recently announced the launch of its 3.0 Universal Payment Processing Gateway (UPPG), which promises to offer customers easier, faster and more secure transaction processing. “PaymentVision has a proud 20 year patent-filled history of delivering best-in-market integrated payment solutions,” said Rob Pollin, president of PaymentVision. “We continue […] [Read More]

LAS VEGAS — The National Alliance of Buy-Here, Pay-Here Dealers conference concludes after several workshops today, including one featuring Chip Zyvoloski, senior attorney for indirect lending at Wolters Kluwer Financial Services, who talked about dealers needing to be prepared for possible enforcement action under a still-developing Consumer Financial Protection Bureau. Zyvoloski's presentation kicked off at […] [Read More]

Maybe only in 2008 have used-car managers faced so many inventory challenges at the same time — spiking fuel costs and wholesale prices creating major headaches about how to find units that will turn. Some welcomed relief might be ahead soon according to NADA Used Car Guide. Edmunds.com agreed but not before giving a blunt […] [Read More]

ServNet Auctions not only enjoyed more robust first-quarter sales, but they also saw stronger operational and technology capabilities, according the auction group’s chief executive officer Pierre Pons. The group’s members gathered for their Spring Owners Meeting and Meet the Owners client luncheon in Dallas, where the Dallas-area national account remarketing managers also attended. The auctions […] [Read More]

Based on the healthy results from new-vehicle dealers during the first quarter, the auto industry appears to be “well into recovery,” according to Paul Taylor, chief economist with the National Automobile Dealers Association. Total sales for new-car dealers in the first quarter climbed 22.5 percent on a year-over-year basis, the association’s latest Dealership Financial Profile […] [Read More]

Marking continued production revival, Nissan Motor Co. chief executive officer Carlos Ghosn visited the quake-hit factory town of Iwaki earlier this week, calling the automaker’s Fukushima plant comeback a “symbol of Japan’s recovery.” The company explained the factory saw broad structural damage in the devastating March 11 earthquake, which prompted other plants to rally to […] [Read More]

With energy and food costs rising and the economic outlook remaining murky, auto shopping activity fell sequentially for the first time in six months during April, according to Dataium, which said it hopes this decline is just a blip on the radar. The company’s Auto Shopper Intensity index had tapered somewhat in February before becoming […] [Read More]

On Tuesday, General Motors broke ground for a new electric motor plant, which it said will be the first plant dedicated to making the critical components for vehicle electrification by a major U.S. automaker. The plant scheduled to open in 2013, is an addition to GM’s Baltimore Operations Complex, which houses the company’s two-mode hybrid […] [Read More]

To celebrate the launch of the ninth generation Honda Civic and help generate some interest, the automaker is encouraging its Facebook fans to submit and vote for original songs inspired by the new model. Submissions for the 2012 Civic songwriting competition are now being accepted and the pool will be open until June 5. The […] [Read More]

LAS VEGAS — In its latest round of acquisitions, AutoTrader.com announced Wednesday evening that it has entered into an agreement to buy VinSolutions. This is in addition to revealing the results of a special buy-here, pay-here study that AutoTrader.com teamed up with the National Alliance of Buy-Here, Pay-Here Dealers to complete. The company did not reveal terms […] [Read More]