In hopes of building momentum months before the vehicles arrive in franchise inventory, Volkswagen of America announced Wednesday it will have two advertisements during the Super Bowl. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; […] [Read More]

National Auto Auction Association leaders reminded potential applicants that the deadline to apply for award through the NAAA Warren Young Sr. Scholastic Foundation is quickly approaching. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; […] [Read More]

FORT WORTH, Texas — To raise more capital to generate more auto loans, GM Financial announced Wednesday the pricing of an $800 million offering of auto asset-backed securities. The securities were priced through lead managers Barclays Capital, Credit Suisse and Wells Fargo Securities. Co-managers include Deutsche Bank Securities, J.P. Morgan and RBS. "GM Financial uses net proceeds from […] [Read More]

PORTLAND, Ore. — A possible solution to dealership quandaries when it comes to personnel decisions and business operations, Compli recently rolled out a series of new software features. The HR and compliance management software provider indicated background checks and drug screenings, access to leading legal and accounting experts and premium regulatory advice are now available […] [Read More]

CLEARWATER, Fla. — While Nicholas Financial disclosed earlier this month that the company could be sold, executives highlighted record net earnings and revenue figures for the third quarter. On Thursday, Nicholas Financial revealed net-earnings spikes of more than 50 percent for the quarter that ended Dec. 31 as well as the first nine months of […] [Read More]

LAKE SUCCESS, N.Y. — DealerTrack and Enterprise Car Sales, a division of Enterprise Rent-A-Car, announced an agreement this week that means the used-car retailer will deploy the DealerTrack Compliance Solution in all of its more than 140 locations nationwide. Officials see the DealerTrack Compliance Solution as a compliment to Enterprise Car Sales' focus on outstanding customer service and data […] [Read More]

vAuto founder Dale Pollak plans to answer a pair of common used-vehicle dealer questions at next month’s National Automobile Dealers Association Convention and Expo. For dealers who wonder “where did the profit go and where is the business headed,” Pollak has three workshops scheduled for NADA’s annual event, which is scheduled for the Moscone Center […] [Read More]

Building stronger customer relationships often is top of mind for dealers, so that’s why one of the first events in conjunction with this year’s National Automobile Dealers Association Convention and Expo is scheduled to hone in on just that subject. Discussing “what it takes to win big at retail” is the main theme for the […] [Read More]

Close to 2 million vehicles are being recalled by Toyota in three separate announcements that came out today. Two of the recalls are outside of North America, while one involves the U.S. [Read More]

Used-vehicle sales in January are expected to show a year-over-year gain and approach 2 million units sold, according to TrueCar.com, which predicts new-vehicle sales will improve double digits. Specifically, TrueCar anticipates there will be 1.97 million used units moved by the end of January, representing a 5-percent year-over-year gain and a 30-percent sequential decrease. Officials noted […] [Read More]