SARASOTA, Fla. — Leedom Group is rolling out its next round of educational "boot camps" specifically tailored for managers and collections personnel at buy-here, pay-here dealerships. The two days of training are scheduled to be held in Orlando, Fla., with the manager's boot camp set for June 15 and the collections boot camp on tap […] [Read More]

FORT COLLINS, Colo. — Rocky Mountain Tracking recently introduced a new Smart Tracker Payment Reminder Buzzer that will make it much harder for vehicle owners to forget about making payments. The GPS tracking company that introduced the Smart Tracker anti-theft tracking device to the market has now turned its attention towards fixing what can be […] [Read More]

MARBLEHEAD, Mass. — FinCo Management, an emerging provider of consumer finance solutions to the used auto industry, announced during the National Alliance of Buy-Here, Pay-Here Dealers conference that it is now purchasing subprime and deep subprime consumer contracts. Toby Reiley, FinCo's chief executive officer, discussed the launch of his company's Buy-Here, Pay-There Hybrid product during the […] [Read More]

DEARBORN, Mich. — Ford Motor Credit recently launched a program targeted to retail investors. What officials are calling Ford Credit Notes are designed to offer senior unsecured Ford Credit notes through broker-dealers and registered investment advisers. The company explained Ford Credit Notes became available on Monday. They are senior unsecured obligations of Ford Credit with […] [Read More]

LAS VEGAS — Finance Express announced during the National Alliance of Buy-Here, Pay-Here Dealers conference that it is launching an iPhone and Android mobile app. When Ken Shilson, NABD founder, had the exhibitors line up for Dealer Academy attendees to introduce themselves and their companies, the Finance Express representative jumped on the chance to announce the […] [Read More]

SCHAUMBURG, Ill. — Experian Automotive set the time for its next quarterly update on the latest trends and analyses of the automotive finance market. A Webinar featuring Melinda Zabritski, Experian's director of automotive credit, is scheduled for 1 p.m. EST on May 26. Organizers noted attendees can gain insights into: —How the automotive finance market […] [Read More]

In some good news for the auto industry, the Federal Trade Commission said this week that dealers have been doing a good job adhering to a rule that deals with consumer protection in credit contracts. The FTC examined 50 dealerships throughout the U.S. to see how well they complied with the commission’s Rule Concerning Preservation […] [Read More]

Fiat of Lakeside, the first stand-alone Fiat retail point in Michigan has officially opened its doors as of Wednesday. The new dealership — or "studio" — located in Macomb, Mich., is owned by the Galeana Automotive Group and was previously home to Galeana Automotive Group’s Saturn of Lakeside, which closed in 2010 due to General […] [Read More]

Since used-car managers’ inventory decisions nowadays are so affected by wholesale and new-vehicle supply conditions, the Pre-Owned Automobile Dealers Alliance is bringing a pair of experts together to help dealers navigate the conditions. The next free Webinar in POADA’s ongoing dealer training series, Pre-Owned LIVE, is scheduled for 2 p.m. EST on Tuesday. The event […] [Read More]

It appears that brands known throughout the years for luxury and status are now being equated with fuel efficiency and economic value, according to a report on Forbes.com. In light of this emerging trend, Forbes.com offered a list of luxury rides with fuel economies of 30 miles per gallon or higher. The number of luxury […] [Read More]