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NewsFebruary 14, 2013

Ally Survey: Dealers at NADA Confident About 2013 Auto Sales

Nearly 60 percent of attendees at the industry's annual get-together expect their sales to grow by more than 10 percent this year, and more than 54 percent expect consumer confidence to be the key factor in sustaining auto sales momentum.

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NewsFebruary 12, 2013

Total Auto Loans, Balances at 40-Month Highs, Equifax Reports

The credit reporting agency reported that balances on outstanding loans are at a 48-month high, while the total number of existing loans reach a 42-month high.

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NewsFebruary 12, 2013

Dealertrack Unveils Mobile F&I Menu at NADA 2013

DealerTrack rolled out two mobile tools at the industry’s annual get-together, showcasing a mobile F&I menu for the iPad and a new mobile DMS reporting tool.

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NewsFebruary 12, 2013

NADA’s Underriner: Factory Top-Down Control Never Works

The NADA's outgoing chairman says two critical issues this year will be factory-initiated dealership renovation programs and stair-step pricing.

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NewsFebruary 12, 2013

NADA Economist: Industry to Sell 15.4 Million New Vehicles in 2013

The NADA’s Paul Taylor predicted at the association’s annual conference that the industry will deliver more than 15.4 million new vehicles this year, as the average age of vehicles and an improving economy are expected to drive a million-unit increase from 2012.

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NewsFebruary 12, 2013

FordDirect, Ford Motor Co. Name Internet Dealer of the Year

Ford Direct, in partnership with Ford Motor Co., named Hines Park Ford and Lincoln as its Internet Dealer of the Year. This is the fourth year in a row the Plymouth, Mich.-based dealership won the distinction.

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NewsFebruary 12, 2013

700Credit Announces Integration Partnership with ADAM Systems

700Credit has integrated its web-based credit reporting system into ADAM Systems' new DMS. The new connection will also provide dealers with access to 700Credit's compliance and consumer information products.

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NewsFebruary 12, 2013

Michael Alford Named TIME Dealer of the Year

Alford, president of Marine Chevrolet in Jacksonville, N.C., was named the 2013 Time Dealer of the Year. Ally Financial, the sponsor of the award, will provide charitable grants to the winner and three finalists to support community causes.

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NewsFebruary 12, 2013

Hudson Cook Adds Thomas J Buiteweg as Partner

The former legal counsel for Ally Bank returns to the legal firm, and will focus his practice on federal and state consumer financial services laws.

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NewsFebruary 12, 2013

American Financial Launches Dealer Compliance Initiative

F&I company rolls out robust compliance program designed to help dealerships understand and train their teams on their legal obligations.

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