DriveTime chose a leader with plenty of experience in the franchised dealer group world to be its new chief executive officer. According to an announcement distributed on Monday, Don Reese will join DriveTime as its new CEO beginning in late ... [Read More]

When the National Independent Automobile Dealers Association (NIADA) finalized its acquisition of the National Alliance of Buy-Here, Pay-Here Dealers (NABD) this past December, the last thing Ken Shilson wanted to do was just power down his computer and never look spreadsheets ... [Read More]

There is, perhaps, no better illustration of the “with great risk, comes great reward” concept than buy-here, pay-here. However, the advent of automated billing systems has decreased the risks associated with this market while improving cash flow and profits for ... [Read More]

With more consumers shopping for their next car using their mobile devices, DriveTime wanted to upgrade its offerings in an effort to capture those potential sales. On Tuesday, DriveTime announced the launch of a new mobile site with innovations designed ... [Read More]

Independent dealers went into 2018 with an upbeat mood. Why? The economic and retail sales growth expectations of independent dealers have improved substantially, according to the National Independent Automobile Dealers Association’s business confidence survey for the fourth quarter of 2017. ... [Read More]

This week, America’s Car-Mart expanded its network of buy-here, pay-here dealerships. The company opened its second store in Bowling Green, Ky. The location raises Car-Mart’s footprint in the Bluegrass State to 12 dealerships. Car-Mart indicated this new Bowling Green dealership ... [Read More]

The National Independent Automobile Dealers Association reminded operators about an important change from the Federal Trade Commission that went in effect this past Sunday. NIADA said dealers now are required to display the new version of the federally mandated buyers ... [Read More]

The American Bankruptcy Institute looked over the numbers and found that total filings for 2017 dipped 1 percent compared to the previous year, extending a streak of consecutive year-over-year declines that stretches back to 2009. According to data provided by ... [Read More]

Just as the industry was purchasing last-minute holiday presents and figuring out where extra guests were going to sleep, the National Independent Automobile Dealers Association (NIADA) and the National Alliance of Buy-Here, Pay-Here Dealers (NABD) announced an agreement on Dec. ... [Read More]

The potential pool of customers who just filed for bankruptcy and could be turning to buy-here, pay-here dealers to secure transportation ticked up again in November. According to data provided by Epiq Systems, the American Bankruptcy Institute indicated consumer bankruptcies ... [Read More]