Latest News

SBA Kicks Off Floor Plan Program for Dealers -- July 02, 2009
WASHINGTON, D.C. — Starting on Wednesday, auto, RV and other dealerships could start applying for Small Business Administration-guaranteed dealer floor plan financing, which can make ... [ Full Story ]

BHPH Dealers Discuss Best Practices, Alternatives to Repossession -- July 02, 2009
ORLANDO, Fla. — As an eroding economy impacts businesses and car shoppers across the board, many buy-here, pay-here dealers are often faced with the challenge of customers not being able to make their payments. But many times, there are alternatives to ... [ Full Story ]

TransUnion Launches New Tools for Dealers, Lenders -- July 02, 2009
CHICAGO — In response to auto-loan delinquencies growing by more than 27 percent over the last year, TransUnion has launched new tools to help dealers and lenders better ... [ Full Story ]

NVCP Partners with Driveway Financial to Bring More Lenders to Dealers -- July 02, 2009
COLLEYVILLE, Texas — The National Vehicle Certification Program Group announced it has partnered with Driveway Financial Services to bring additional lenders to independent and franchised dealers currently ... [ Full Story ]

Hyundai Adds New Perk to Assurance Program -- June 30, 2009
FOUNTAIN VALLEY, Calif. — In an effort to drive sales by enticing buyers, Hyundai announced it has added to its Assurance program by now guaranteeing ... [ Full Story ]

GMAC Says Some Chrysler Dealers Not Meeting Credit Requirements for Long-Term Wholesaling -- June 30, 2009
DETROIT — As many are aware, GMAC recently struck a deal to help Chrysler dealers; however, some of these dealers are being left out in the cold because they do not meet credit requirements. GMAC confirmed late last week that not all Chrysler dealers who were ... [ Full Story ]