Fiserv announced Monday its top performing auction of the year. Taking home the top honor is Manheim Harrisonburg. Fiserv noted this auction finished second for 2006 through 2009 and has been consistently in the top three since the company began the rankings. The company also revealed it managed the remarketing of 55,000 vehicles in 2010. According […] [Read More]

Zacks Investment Research thinks the worst of the supply disruptions for the auto industry have yet to come. Dealers in the U.S. are questioning what models and colors will likely be available for customers in the coming months, while others are wondering just how quickly suppliers can get back up running. Reports are even starting […] [Read More]

In separate campaigns, two foreign automakers are recalling a pair of 2011 models. The larger of the two comes from Volkswagen of America, which announced Monday it’s recalling 71,043 Jettas in the U.S. and another 19,496 Jettas in Canada. The units are being summoned in order to reconfigure a wiring layout associated with the anti-theft […] [Read More]

Franchise dealers in nine markets are in the closing stages of the Nissan Now Sales Event that includes various sales and lease incentives on five different models. Stores in Atlanta, Chicago, Dallas, Houston, Los Angeles, New York, Miami, Philadelphia and Washington, D.C., are promoting the deals through Thursday. The available incentives include: —2011 Sentra with […] [Read More]

Since technology advances at such a rapid pace nowadays, Edmunds.com wanted to know has Ford Sync lost its edge? Site analysts didn’t hesitate to point out that four years ago the Ford Sync infotainment system was the innovative technology that drove the automaker’s recovery. However, they believe competitors are beginning to catch up to — […] [Read More]

The National Independent Automobile Dealers Association and Constellation Automotive Solutions announced an education and training resources partnership designed for NIADA members. Constellation plans to provide comprehensive education and training solutions for the Buy-Here, Pay-Here and Lease-Here, Pay-Here dealerships. These opportunities will include best practices with solutions for maximizing sales, collections and profitability through seminars, online […] [Read More]

EDINA, Minn. — A couple of months after opening two more buy-here, pay-here rooftops in Colorado, CarHop continued its expansion last week by adding another store in its home state. CarHop celebrated the grand opening Friday of its eighth store in Minnesota and the 45th in its BHPH network with a new facility in Duluth, […] [Read More]

DEERFIELD BEACH, Fla. — Standard & Poor's Rating Services recently reaffirmed its "strong" rating of World Omni Financial Corp. and CenterOne Financial Services LLC. The company said it has maintained this status since 2004. "Maintaining this rating during the exceptionally challenging economic environment is a true testament to the quality of service our associates deliver," explained […] [Read More]

McLEAN, Va. — After the Dodd-Frank Wall Street Reform was passed, the Fed has been tasked with two rules expanding the coverage of Regulation Z, or Truth in Lending Act, and Regulation M, the Consumer Leasing Act, to credit transactions and leases of up to $50,000, according to NADA Regulatory Affairs. Basically, TILA requires creditors to disclose key […] [Read More]

MINNEAPOLIS — Exeter Finance Corp. recently picked its provider for insurance tracking services for the company's auto finance portfolio. Exeter decided to go with van Wagenen Financial Services. Pete Siciliano, senior vice president of servicing at Exeter, explained, "We chose van Wagenen for its technological expertise and extensive experience in insurance tracking and related products. […] [Read More]