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NewsApril 3, 2012

Tax Refunds Going Toward Vehicle Repairs, Survey Reveals

A new survey commissioned by eBay Motors found that more than one-third of vehicle owners plan to use their anticipated tax refunds for maintenance, repairs and even a new vehicle.

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NewsMarch 29, 2012

Notable Growth for Subprime Originations, Equifax Reports

Subprime borrowers now make up more than 46 percent of the auto finance segment, Equifax noted in a new report that showed subprime origination growth across all lending sectors.

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NewsMarch 29, 2012

SAFCo Enters Four Midwest States

Nonprime finance source SAFCo is now available to dealers in Illinois, Indiana, Michigan and Ohio.

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NewsMarch 29, 2012

CP Handheld Tests Self-Reporting Inventory Tool

Executives from CP Handheld have announced that VIN Query, a new tool designed to offer remote reconciliation for dealership inventories, has entered its testing phase and should be available by September.

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NewsMarch 29, 2012

First Niagara Launches Auto Finance Unit

First Niagara Financial Group is on the move, announcing yesterday that it is entering the auto finance market with a new slate of financing options for dealers in the Northeast.

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NewsMarch 29, 2012

Prestige Securitizes $245 Million Loan Portfolio

Prestige Financial Services Inc. completed its ninth rated term securitization, issuing approximately $230 million in securities backed by about $245 million in automobile installment receivables.

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NewsMarch 27, 2012

[Video] Part 4: Protecting the Dealership

United Development System’s Gerry Gould addresses compliance in part four of his five-part series on the business office’s Top 5 responsibilities.

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NewsMarch 27, 2012

Consumers Using Home Equity to Buy Cars Again

The use of home equity loans to buy new cars is on the rise again, though not nearly to pre-recession levels, according to Bandon, Ore.-based CNW Research’s Art Spinella.

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NewsMarch 27, 2012

Rewarded Customers Visit and Spend More Annually, New Study Finds

Customers enrolled in dealer loyalty programs not only visit more, they spend and buy more cars, MediaTrac's new study concludes.

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NewsMarch 27, 2012

Noarus Group Launches New Website for Calif. Dealerships

Noarus Auto Group launched a new multi-dealer website called “OC Car Dealers.” It will serve as the parent site for its California-based OC Nissan Irvine, OC Nissan Garden Grove, Toyota Place and Scion Place.

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