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NewsAugust 24, 2012

Exeter Finance Continues Expansion

To accommodate its growing number of employees, Exeter Finance opened a new servicing center in Irving, Texas.

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NewsAugust 21, 2012

Downey to Talk BHPH Software at 2012 Subprime Conference

The executive with Automaster will lead a panel discussion on how best to employ buy-here, pay-here software. The session will feature dealers experienced in the use of the latest BHPH software offerings.

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NewsAugust 21, 2012

Industry Summit to Provide Update on Digital Compliance, the Dodd-Frank Act

The Association of Financial & Insurance Professionals’ David Robertson and Hudson Cook’s Nikki Munro will lead two separate compliance sessions aimed at getting attendees up to speed on Internet sales compliance and the Dodd-Frank Act.

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NewsAugust 21, 2012

TransUnion: Auto Delinquencies Fall to Record Low for Second Straight Quarter

Despite growing auto debt, the majority of states and cities are experiencing declines in their auto delinquency rates, which fell to a new low for the second consecutive quarter.

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NewsAugust 21, 2012

Dealer.com Acquires hearforward to Expand Social Media Services

The online marketing firm expects to beef up its social media offerings with its acquisition of hearforward on Aug. 17. Terms of the deal were not disclosed.

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NewsAugust 21, 2012

Auto Dealer M&A Activity Declines

A new report indicates that merger-and-acquisition activity among public dealer groups dropped 55 percent in the first half of 2012.

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NewsAugust 21, 2012

RouteOne Enhances iPhone App

The firm’s iPhone app can now forward ‘sent’ applications to new finance sources, allows for secure text communication between the dealer and finance source, calculates payoff quotes and captures leads.

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NewsAugust 21, 2012

Used Prices Could Fall by 3 Percent in September, the NADA Reports

Used-vehicle pricing is following seasonal patterns and could drop another 3 to 3.5 percent next month behind rising incentive spending and dealers prepping for new arrivals, the NADA reports.

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NewsAugust 21, 2012

Manheim Launches Learning Website for Dealers

The learning site doesn’t require users to log in, allowing non-Manheim customers to take advantage of this new educational resource, which teaches and provides overviews of the firm’s products and services.

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NewsAugust 21, 2012

Calif. Used-Car Dealer Convicted of Felony Sales Tax Evasion

A former used-car dealer was convicted to four years and eight months in state prison in connection with a scheme to evade paying sales taxes.

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