HOUSTON — The National Alliance of Buy-Here, Pay-Here Dealers finalized agenda reveals that the new Consumer Protection Agency and the impact this will have on BHPH dealers will be a key topic at the upcoming Underwriting and Collection Conference. Featured speakers now include nationally recognized attorneys Chuck Dodge, Tom Hudson and Chip Zyvoloski; investment banker John Marcus, […] [Read More]

HANOVER, Md. — Topics ranging from lease accounting to Red Flags and social media are on the docket for the National Vehicle Leasing Association's daylong fall workshop. Besides those three subjects, the association's workshop is set to touch on bankruptcy and GPS tracking for small fleets. Organizers also anticipate a roundtable discussion focused on questions submitted by those […] [Read More]

AUSTIN, Texas — Open Lending, the parent company of Lenders Protection, announced it has teamed up with the insurance carriers of AmTrust Financial Services, which will become the insurance provider for the Lenders Protection program. Basically, the program allows credit unions to "safely" price and approve more near- and non-prime auto loans. More specifically, Lenders Protection combines […] [Read More]

BMW of North America named a new manager of pre-owned sales to replace Russ Lucas, who is moving to the role of vice president of the Eastern Region. Appointed to serve as pre-owned manager is Steve Saward, who will begin his new post on Oct. 1. In this role, he will head up all pre-owned operations for […] [Read More]

Sizable increases during the second quarter of their fiscal year in net income, comparable store used unit sales and total used unit sales left CarMax executives in an upbeat mood when they shared their latest financial statement Wednesday.   The company revealed net income increased to $107.9 million, or $0.48 per diluted share, compared with […] [Read More]

Experian Automotive is providing dealers a new tool for free that they can use in making the best inventory and sales decisions possible. Each month, the AutoCount Market Snapshot summarizes the trends going on in a dealer’s specific market. This allows dealers to get a picture of how they stack up against others in their […] [Read More]

Howard Polirer, director of industry relations at AutoTrader.com, is offering dealers a free online training session on how to use social media, video, chat and mobile technologies more effectively.   [Read More]

Summit Resources recently launched a new program meant to help dealers keep customers coming back to the dealership long after a vehicle purchase.   The company explained the premise behind LoyaltyCash is a rewards program that gives customers credit for repeat business. Summit said LoyaltyCash is a free for customers to join and is a […] [Read More]

ADESA and Barrett-Jackson formed a strategic alliance Tuesday as a way to promote the collector car auction’s yearlong 40th anniversary celebration and more.   Among the alliance elements is an upcoming special event sale at ADESA Phoenix for both ADESA and Barrett-Jackson customers. Furthermore, both companies are cooperating to raise awareness of each other’s products […] [Read More]

Dave Angelicchio recently reflected back on his term as president of the National Auto Auction Association: a time when implementation of significant changes in policy and procedure occurred, as well as the association’s structural reorganization.   The owner and general manager of Pittsburgh Independent Auto Auction joined five other ServNet owners who have served as […] [Read More]