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NewsOctober 2, 2014

Berkshire Hathaway to Acquire Van Tuyl Group

Warren Buffett’s holding company, Berkshire Hathaway, is expected to complete its acquisition of the Van Tuyl Group by the opening of 2015. After the purchase, the 78-store group will operate as Berkshire Hathaway Automotive.

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NewsOctober 1, 2014

ADP Dealer Services Spinoff Now Listed on Nasdaq

CDK Global Inc., the new ADP Dealer Services company, began trading as a member of the S&P MidCap 400 Index yesterday.

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NewsSeptember 30, 2014

U.S. News Extends Deal With TrueCar

U.S. News is extending its deal with TrueCar for an additional two years. As part of the new agreement, TrueCar will provide the media outlet's website visitors with access to pre-owned vehicles available through its certified dealer network.

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NewsSeptember 30, 2014

CNW Sees 4% Sales Increase in September

The market research firm’s prediction is based on skyrocketing subprime approvals and an active Hispanic consumer market, which, for the first time, could outpace African-Americans in new-vehicle purchases.

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NewsSeptember 30, 2014

Auto/Mate Integrates DMS With MaximTrak F&I Suite

The integration now provides users of both systems with a real-time, bi-directional exchange of information, eliminating redundancies and errors caused by incomplete information transfers.

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NewsSeptember 25, 2014

Industry Could Realize Best September Since 2007, Reports Say

New projections from TrueCar and J.D. Power show the industry heading to its best September sales month since 2007, with sales expected to be as much as 9.7% better than last year.

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NewsSeptember 25, 2014

NADA Responds to Op-Ed Critical of Dealer Franchise Laws

The NADA’s Peter Welch responded to an op-ed piece published in The New York Times that was critical of dealer franchise laws, saying such protections ‘level the playing field between dealers and manufacturers.’

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NewsSeptember 25, 2014

September Sales to Maintain Healthy Growth in 2014, Edmunds Predicts

Projected September sales would be an 11% increase from the previous year, with Edmunds predicting that about 1.26 million new cars and trucks will be sold during the month.

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NewsSeptember 23, 2014

Help F&I and Showroom Select the 2014 F&Idol Winner

The magazine made available this week the voting page for the final round of the IAS-sponsored F&Idol competition. Review the five video entries and vote for the overall winner of the 2014 contest.

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NewsSeptember 23, 2014

Exeter Finance Corp. Completes $1.65 Billion Warehouse Funding Facility

A wholly owned subsidiary of Exeter Finance has completed the renewal and extension of its warehouse funding facility, which was increased to $1.65 billion.

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