NEW YORK — LexisNexis officially re-launched its dedicated receivables management website, outfitting the site with new Web 2.0 capabilities in an attempt to create an interactive, online experience.  The website now features blog posts and articles relevant to the receivables management industry, including information on best practices, complimentary access to thought leadership white papers and […] [Read More]

MINNEAPOLIS — Nationwide Acceptance Corp. dealer customers may now process credit applications electronically through Wolters Kluwer Financial Services’ AppOne lender platform. The two companies recently announced that Nationwide has joined the AppOne lender platform, which automates the indirect lending, credit approval and loan documentation compliance processes for lenders and the dealers they work with. Moreover, […] [Read More]

NEW YORK — According to the S&P/Experian Consumer Credit Default Indices, the auto loan default rate dropped from 1.45 percent in April to 1.34 percent in May. Moreover, first and second mortgage default rates decreased in May to 2.09 percent and 1.42 percent, respectively, from April values of 2.16 percent and 1.51 percent. As for bank […] [Read More]

The second day of the National Independent Automobile Dealers Association Convention got into gear Wednesday with a presentation from AutoTrader.com president and chief executive officer Chip Perry and Keith Whann, who is the outside general counsel for NIADA. These industry leaders not only examined the state of the industry, but stressed how pivotal it is […] [Read More]

AuctionACCESS is developing a new mobile app that it says will allow dealers to utilize their smartphones to manage their AuctionACCESS memberships and gain access to auctions. Dealers will be able to use the AuctionACCESS mobile app to accomplish a number of tasks while on the go, officials noted. The app will let them pre-register […] [Read More]

Selling cars consistently is a craft few can master. It takes someone with the right combination of character and confidence to close deals. However, many experienced dealers will admit the far greater challenge is buying the right cars for their inventory — cars customers want. That’s because the market for used cars can be unpredictable. With […] [Read More]

Kelley Blue Book, DealerTrack and Tier 10 Marketing are sponsoring a special upcoming workshop designed to help dealers better leverage social media, as well as improve their bottom lines. Jim Ziegler, president and chief executive officer of automotive training and consulting organization Ziegler SuperSystems, wants to ensure dealerships are "operating at maximum efficiency." The salesman, speaker […] [Read More]

CarMax posted a 25-percent lift in net earnings during the first quarter, and with a spike in store traffic, the retailer also enjoyed comparable used sales that climbed 6 percent. More specifically, CarMax’s net earnings came in at $126.3 million ($0.55 per diluted share) for the fiscal first quarter, which ended May 31. This sum […] [Read More]

Lexus has new leadership within its certified pre-owned operation, Auto Remarketing learned this week. Former national CPO manager Chuck Yaeger is now the Lexus national customer satisfaction manager, while the former holder of that role, Denise Jacobson, was named national market representation/CPO manager, which is a newly created position. Additionally, performance accessories manager Jeff Koford […] [Read More]

With the former chief financial officer for Asbury Automotive Group stepping into the president and chief executive officer role, the company revealed Tuesday that it’s search for a new CFO is over. Asbury announced Tuesday that Scott Krenz will be the new CFO and senior vice president, effective June 27. The company is “fortunate to have a […] [Read More]