For more than 40 years, the American International Automobile Dealers Association has worked in Washington, D.C., to represent the interests of international nameplate auto dealers. Sometimes that means challenging legislation that will impact our bottom line. Sometimes it means bringing dealers to town to meet with their legislators and advocate for their businesses. And sometimes […] [Read More]

NADAguides rolled out Marine CONNECT this week, an inventory pricing and management application. The program is designed to be a customizable Web-based product geared to provide instant access from any device to the most up-to-date NADAguides pricing, options, specification information and tools for the valuation, management and marketing of marine inventory. NADAguides explained that dealers and […] [Read More]

Enterprise Rent-A-Car launched a new philanthropic initiative this week called Giving Back. It’s a contest where charities nominated by Enterprise employees compete through social media outlets for funds from the company’s foundation. Visitors to Giving Back on the Enterprise Facebook page can learn about the individual charities and vote for foundation funds to be given […] [Read More]

LOS ANGELES — Westlake Financial Services discovered this week that its portfolio containing more than 150,000 accounts reached a new threshold in total receivables. As of March 11, company officials say this level hit $1 billion — a milestone they believe was passed midway through what they hope to be a record-setting month.  The company […] [Read More]

WASHINGTON, D.C. — The Federal Reserve's January update on averages for new-vehicle loans by finance companies revealed a few noteworthy trends, including how far both the loan-to-value ratio and the average amount financed have sunk. Officials reported that January's ratio dropped to 80 as the average interest rate climbed to 4.73 percent, up from 4.55 percent for the […] [Read More]

LAKE SUCCESS, N.Y. — The number of active lenders now connected to DealerTrack's credit application network has now reached 1,000 U.S. lenders. The network has now grown from five lenders back in 2001 to 1,000 today. "The DealerTrack credit application network has been the foundation upon which we have built DealerTrack," said Mark O'Neil, chairman and […] [Read More]

IRVINE, Calif. — In addition to revealing some auto financing trends, Kelley Blue Book announced it has teamed up with Bank of America and Autobytel's Car.com to provide shoppers with prime and non-prime finance options via Kbb.com. Thanks to the BoA partnership, Kbb.com surfers can now explore information on prime financing, estimated interest rates and even […] [Read More]

Carfinco Income Fund recently announced that 2010 was a record-setting year for the company. Carfinco achieved more than $20 million in net earnings for the year, and the return on the average unitholder’s equity for 2010 was 77.2 percent, beating Carfinco’s previous record of 55.3 percent set in 2005. Net earnings of $20.7 million for […] [Read More]

Kia Canada recently added Quorum Information Technologies’ XSellerator product as a recommended dealership management system for Kia dealers across Canada. The new integration features include electronic financial statement submission, parts ordering, warranty claims submission and parts file updates. Quorum also offers integration with Kia’s electronic parts catalogue. Quorum worked closely with Kia and a beta […] [Read More]

Chrysler announced today that its dealers are kicking off an eight-day promotion that encourages select Chrysler, Jeep, Dodge and Ram Truck owners to visit their local dealer for a test drive to receive a $25 gift card and a chance to win a new 2011 model. The customers are targeted via a mixture of traditional […] [Read More]