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NIADA Member Services Creates New Partnership Program

ARLINGTON, Texas — The National Indepedent Dealers Association’s member services division has created a new partnership program designed to offer members a wider array of companies whose products and services they can trust, according to an association announcement. “This new affinity partnership initiative focuses on firms that serve certain segments of the insurance/financial services markets as ... Read More »

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Toyota, Mazda in Talks on Expanding Partnership

Toyota Motor Corp and Mazda Motor Corp are in talks to expand their technology partnership to fuel-cell vehicles (FCVs), sources said on Saturday, as global automakers face rising costs to comply with stricter emission regulations, reported Reuters. The two Japanese automakers already have a technology and production tie-up, and Toyota was now considering providing fuel-cell ... Read More »

Spencer Capital Holdings Acquires SouthWest Dealer Services

NEW YORK – Spencer Capital Holdings, Ltd. (“Spencer Capital”), a value-oriented global holdings company, has acquired SouthWest Dealer Services (“SWDS”), a leading independent full-service provider of finance and insurance (“F&I”) products and services to auto dealers in the United States. SWDS has more than 250 employees that currently serve over 550 active dealers across 14 ... Read More »

Fiat Chrysler Wants to collaborate With Others on New Vehicles

Fiat Chrysler Automobiles Chief Executive Sergio Marchionne said his company is in talks with other automakers to share the costs of developing new vehicles and technology, particularly to cut greenhouse gas emissions, and called on the United States to ease fuel economy targets for 2025, reported Reuters. “I think (automakers’) costs … (are) well in ... Read More »

NIADA Partners with EFG Companies

DALLAS, Texas — The National Independent Automobile Dealers Association (NIADA) and EFG Companies have announced a new strategic partnership to drive greater F&I profit opportunities for independent dealerships nationwide. Independent auto dealers operate in a highly fragmented F&I product market where there is an abundance of products, but a lack of relevant and consistent dealership ... Read More »

DriveTime Selects Manheim, Go Auto Exchange as Remarketing Partners

ATLANTA — Manheim announced this week that it has been selected by DriveTime as an exclusive remarketing partner along with Go Auto Exchange. This first-ever partnership makes Manheim and Go Auto Exchange DriveTime’s primary source for remarketing wholesale inventory through its physical locations, mobile auctions and online. DriveTime operates 122 stores in 47 markets. “Through ... Read More »

U.S. News Extends Deal With TrueCar

SANTA MONICA, Calif. – U.S. News announced a two-year extension of its deal with TrueCar to continue the company’s new car buying program. As part of their new agreement, customers will now have access to pre-owned vehicles available through TrueCar’s network of certified dealers. U.S. News and TrueCar began the program in 2011 and have ... Read More »

Oak Group and Total Warranty Services Form Strategic Alliance

ELMHURST, Ill. – Oak Group (Oak) and Total Warranty Services (TWS) are pleased to announce the formation of a strategic alliance. The partnership will bring together the stability, infrastructure and long-standing history of Oak’s finance and insurance business with TWS’s agility, innovation and full suite of reinsured products. Eric Peterson, Executive Vice President of Oak ... Read More »

CATA, and Scout Automotive to Partner

CHICAGO — An agreement between the Chicago Automobile Trade Association and Scout Automotive Marketing will make car shopping on an even better experience for consumers. The deal, which places Scout’s Trade Express trade-in valuation tool on the site, gives shoppers a more accurate trade value for their car, with data provided by NADA ... Read More »