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NewsAugust 20, 2010

NADA to Co-Sponsor Dealer Day Conference at 2010 SEMA Show

The National Automobile Dealers Association (NADA) will co-sponsor the third annual Dealer Day Conference at the Specialty Equipment Market Association’s (SEMA) 2010 convention at the Las Vegas Hilton.

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NewsAugust 17, 2010

Resource Automotive to Train Mopar Dealers

Resource Automotive Inc., a training, consulting and financial services provider and a unit of The Warranty Group Inc., today announced an agreement with the Mopar division of Chrysler Group LLC to provide dealers with wholesale mechanical parts training and support.

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NewsAugust 17, 2010

F&I Performance Down in 2009, NADA Reports

The recession’s effects on the industry last year wasn’t lost on F&I, according to the National Automobile Dealers Association’s DATA report, which showed declines in aftermarket income, F&I and service-contract acceptance rates.

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NewsAugust 17, 2010

Wells Fargo Increases Westlake Financial’s Credit Facility to $365 Million

Wells Fargo Preferred Capital, a subsidiary of Wells Fargo & Company, has increased its revolving credit facility from $240 million for one year to $365 million for three years to Westlake Financial Services.

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NewsAugust 17, 2010

Capital One Grows Originations in 2Q

Capital One Auto Finance increased originations by more than 31 percent from the first quarter of 2010, according to the company’s second-quarter financial report. Total originations now account for more than $1.8 billion in loans for the full-spectrum lender.

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NewsAugust 17, 2010

AmeriCredit Selects Wolters Kluwer’s AppOne Platform

Wolters Kluwer Financial Services announced today that independent automobile finance company AmeriCredit Corp. will utilize its AppOne platform to help further expand loan originations in the auto finance market.

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NewsAugust 16, 2010

Whitaker to Step Down as GM CEO in September

General Motors announced last Thursday that Edward E. Whitacre, Jr. will step down as chief executive officer on Sept. 1, 2010, and as chairman of the board by the end of the year

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NewsAugust 16, 2010

NABD Unveils Agenda for Fourth Annual BHPH Underwriting and Collection Conference

The National Alliance of Buy Here, Pay Here Dealers (NABD) released a preliminary agenda for its upcoming fourth annual Underwriting and Collections Conference, which will be held in Dallas from Nov. 7-9.

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NewsAugust 16, 2010

Chrysler Invites 600 Dealers to Apply for Fiat Franchises

Chrysler Group LLC has reached out to 600 dealers in 119 U.S. markets, inviting them to apply for Fiat franchises. The carmaker will host invited dealers at the “Fiat Experience,” an Aug. 30 meeting that will detail the Italian carmaker’s plans to reintroduce the brand to North America.

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NewsAugust 16, 2010

Massachusetts Dealers Association Endorses Reynolds and Reynolds LAW 553

The Massachusetts State Automobile Dealers Association endorsed the Reynolds and Reynolds LAW 553 Universal Retail Sale Contract for the nearly 500 franchised automobile and truck dealerships the association represents throughout the state.

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