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NewsMarch 3, 2014

Save the Date for Industry Summit 2014

Organizers of Industry Summit 2014 have announced that the event will be held September 8–10 at Paris Las Vegas. The show now includes the F&I Conference, Special Finance Conference, Dealership Sales & Technology Conference and the P&A Leadership Conference.

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NewsFebruary 27, 2014

NADA Issues Letter in Support of CFPB Reform Bill

Nine days after the U.S. Chamber of Commerce issued a critical 16-page letter to the CFPB, the NADA sent its own letter to members of the House of Representatives in support of a bill that seeks to ‘restore traditional checks and balances' regarding the bureau’s activities.

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NewsFebruary 27, 2014

Cars.com Projects Highest February SAAR Since 2008

Cars.com analyst predicts that new-vehicle sales in February will be up 1.1% from a year ago. He also put the industry SAAR at 15.4 million — the highest selling rate since February 2008.

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NewsFebruary 27, 2014

TransUnion: Auto Debt Rises Again, Deliquencies Remain Subdued

TransUnion reported this week that auto loan debt per borrow increased for the 11th straight quarter, while delinquencies remained below the fourth quarter average observed between 2007 and 2013.

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NewsFebruary 25, 2014

Toyota Financial Touts Successes of eContracting Rollout

The captive closed out 2013 with 56% utilization of its econtracting solution, which is provided by Fiserv Inc.

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NewsFebruary 25, 2014

Frazer Software Integrates Preferred Warranties' eContract Portal

Independent dealers using Frazer management software and offering Preferred Warranties' extended service contracts for pre-owned vehicles can now import data from their DMS directly into Preferred’s econtract portal.

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NewsFebruary 25, 2014

EFG Partners With Auto Financial Group to Expand Balloon Financing Product

The partnership aims to drive up market share of Auto Financial Group’s DrivingSense option, a hybrid financing product that acts like a lease.

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NewsFebruary 25, 2014

Larry H. Miller CEO to Appear on ‘Undercover Boss’

The company’s chief executive is set to appear on the Emmy Award-winning show on Feb. 28. The episode will focus on the Utah Jazz and game-night operations at EnergySolutions Arena.

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NewsFebruary 25, 2014

Manheim to Purchase Stake in Go Financial

The provider of vehicle remarketing services signs agreement to purchase an equity stake in the subprime finance source. The transaction is expected to close in June.

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NewsFebruary 25, 2014

Light Vehicle Sales Rebounding in Late February, JD Power and LMC Report

Early returns for the month of February show sales of light vehicles rebounding after being hampered by severe weather disruptions in much of the United States.

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