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Newsby StaffDecember 23, 2020

NXCR and Westlake Financial Announce $400 Million Debt Facility and Strategic Partnership to Advance NXCR’s Vehicle Subscription Platform

Westlake is one of the largest automotive lenders in the U.S. with nearly $12 billion in assets under management, and provides indirect financing through a network of over 20,000 new and used car dealerships throughout the U.S. 

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Newsby StaffDecember 22, 2020

COVID-19 Market Insights

Black Book recently published an update to their weekly COVID-19 Market Insights report.

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Newsby StaffDecember 21, 2020

Dealerware Selected by Toyota Motor North America to Power ‘Rent a Toyota’ Program Across American Dealer Network

Dealerships that participated in the 2020 pilot program saw cost recovery increases of 114% and rental fleet utilization rates above 85%.

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Newsby StaffDecember 17, 2020

Auto Dealership Buy/Sell Market Continued to Soar in Q3

2020 is on track to surpass 2015’s record transaction levels; mega dealer transactions on the rise, dealership earnings spike blue sky values, Toyota is most valuable non-luxury franchise, according to Third Quarter 2020 Blue Sky Report®.

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Newsby StaffDecember 16, 2020

Black Book: Specialty Market Insights

Black Book released a newly published update to their COVID-19 Specialty Markets Insights report.

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Newsby StaffDecember 15, 2020

NY’s Metro Auto Dealers Generate $53.4 Billion for Regional Economy

The study is based on 2019 financial data from detailed dealership surveys of new vehicle retailers that belong to the Greater New York Automobile Dealers Association.

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Newsby StaffDecember 15, 2020

COVID-19 Market Insights

Black Book recently published an update to their COVID-19 Market Insights report.

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Newsby StaffDecember 15, 2020

Pickups and SUV Lease Payments Increase Entering December

Wantalease.com reports the latest update on new lease offerings entering the month of December. 

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Newsby StaffDecember 10, 2020

Brown & Brown, Inc. Announces the Asset Acquisition of Maj Companies Ltd. by Brown & Brown Dealer Services

For the past 30 years, MAJ Companies has been serving its dealer partners by providing best in class F&I product and sales training, aftermarket program and contract analysis and F&I performance management.

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ArticlesDecember 9, 2020

Tips For Recovering Debts From Departing Employees

Many scenarios exist where employees can leave an employer owing the dealership money. The likelihood of your being able to recover money for these purposes depends in large part on a handful of proactive processes and procedures.

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