IRVINE, Calif. — Consumer Portfolio Services revealed this week it received a NASDAQ staff deficiency letter on June 30. The letter indicated the company had failed during the 30-business day period that ended June 28 to comply with the minimum public float requirement, as required by NASDAQ Rule 5450(b)(3)(c). Officials stated a minimum public float […] [Read More]

PITTSBURGH — Chase Auto Finance recently expanded its Custom Finance office in Pittsburgh to better serve needs of dealers in Pennsylvania and West Virginia. The new office is located at 4075 Monroeville, Blvd., Suite 400 in Monroeville, Pa. The office currently encompasses a team of 10 underwriting, funding and collections professionals, according to management. Paul Masten, […] [Read More]

MASON, Ohio — Security National Automotive Acceptance Corp. recently announced that it made a donation to The Thank You Foundation, an Ohio-based charity that assists veterans, active duty personnel and their families during times of need. At a private gathering, SNAAC president Brian McDonald and vice president of sales Rich Oakes presented Tracy Braden, president of The […] [Read More]

NCM Associates recently described how much the Fred Beans Family of Dealerships has significantly improved used-vehicle sales after employing strategies learned in an NCM Institute training program. In fact, one dealership in the group — McCafferty Ford and Kia — more than doubled pre-owned sales after implementing new processes as a result of the NCM […] [Read More]

With foreign brands highlighted throughout, Edmunds.com recently unveiled its list of 2011 Consumers’ Top Rated vehicles, a compilation of 21 models. Audi took more honors than any other nameplate, winning four categories including: —Best Coupe $35,000-$45,000: 2011 Audi A5. —Best Coupe More Than $45,000: 2011 Audi S5. —Best Wagon $35,000-$45,000: 2011 Audi A4 Wagon. —Best […] [Read More]

The Pre-Owned Automobile Dealers Alliance wants to help stores maintain strong Fourth of July weekend sales momentum by highlighting how a franchise dealer and an independent lot owner are using CarMark Certified to keep units turning and profit climbing. The next free edition of the POADA’s Pre-Owned LIVE Webinar series is set for 2 p.m. […] [Read More]

Kelley Blue Book has broadened its OEM advertising and business development team throughout the country, promoting one executive to serve in a vice presidential role while also hiring on some additional leaders for the company’s Detroit office. KBB promoted Susan Makuch Brown to serve as vice president of OEM advertising and business development, as Robin Cooper […] [Read More]

DealerTrack AAX has officially finalized its acquisition of eCarList, completing the purchase of the management and merchandising solutions provider a little more than a month after announcing the deal on May 25. Per the transaction, eCarList’s fleet of inventory management and online marketing tools are now included in the DealerTrack Inventory Solutions Group. [Read More]

Each month, CNW Research tracks what it calls fence-sitters, buyers who could fall either way toward purchasing a used or a new model. In June, a higher level than normal decided to go used. President Art Spinella determined that about 8 percent of the people who bought a used vehicle in June were sitting on […] [Read More]

Following what has been some rather challenging times recently, Saab revealed some more good news on Monday.  The company announced the signing of final agreements securing investments with China’s auto dealership chain Pang Da Automobile Trade Co. and automaker Zhejiang Youngman Lotus Automobile Co. that have been in the works since last month. The company […] [Read More]