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NewsFebruary 16, 2011

Vehicle Acceptance Corp. Joins iMETRIK GPS “Pay Share” Program

Vehicle Acceptance Corporation (VAC), a buy-here, pay-here (BHPH) payment stream lender, is expanding its relationship with iMETRIK Automotive Solutions by joining the company’s “Pay Share” program.

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NewsFebruary 16, 2011

XPLORE Adventure Series Launches in Dealerships Nationwide

Venchurs Inc. has launched the XPLORE Adventure Series, a specialty vehicle program dedicated to supporting national parks in the United States. The program is available at participating new-car dealerships nationwide.

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NewsFebruary 15, 2011

‘Secrets of Top Selling Agents’ to be Shared at Agent Summit

Five successful agents will come together at the Las Vegas Hilton in March to open up their playbooks for running a successful general agency, organizers of the new Agent Summit revealed today.

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NewsFebruary 15, 2011

GM Financial Not Looking to Replace GMAC

GM Financial’s rollout of a prime leasing program in 16 states may seem to indicate that the company formerly known as AmeriCredit is leaving its roots behind. Company officials, however, maintain that the former subprime finance company is merely sticking with the game plan General Motors set forth when it purchased the company last October: fill the finance gaps.

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NewsFebruary 15, 2011

Web Exclusive: Borgmann to Lead Capital One Auto Finance

Capital One has named Kevin Borgmann as the new president of its auto finance unit. In an exclusive interview with F&I and Showroom, he shared his goals for Capital One Auto Finance in 2011 and beyond.

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NewsFebruary 15, 2011

Arkansas Lawmaker Seeks to Lower Used-Car Tax

Arkansas State Sen. Gilbert Baker (R-Conway) wants to increase the state’s used-car sales tax exemption from $2,500 to $5,000 — at a cost to the state of about $7.8 million.

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NewsFebruary 15, 2011

Miami-Dade Grand Jury Targets Dealers

A report issued by a Miami-Dade County grand jury says that Florida’s Department of Revenue (DOR) should go after suspected tax cheats, including used-car dealers, in an effort to close a nearly $4 billion budget gap.

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NewsFebruary 15, 2011

Solid Start for New- and Used-Vehicle Market in February

New-vehicle sales are off to a strong start in February because of better floor traffic and closing ratios, as well as a looser credit market, according to CNW’s Retail Automotive Summary.

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NewsFebruary 15, 2011

U.S. Financial Institutions Optimistic About Consumer Lending

A survey by Wolters Kluwer Financial Services finds that a majority of U.S. financial institutions expect their consumer lending businesses to grow or remain steady in 2011.

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NewsFebruary 15, 2011

2011 NADA Convention Posts Double-Digit Attendance Increase

The National Automobile Dealers Association (NADA) announced today that attendance at its 2011 Convention and Expo increased nearly 16 percent from last year.

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