For the third year in a row, Donlen has been recognized by the National Association for Business Resources (NABR) as one of Chicago's Best and Brightest Companies to Work For, the company recently announced. Dolen and other winners will be honored at a symposium and awards celebration on July 17 at the Chicago Marriott Southwest at […] [Read More]

Monday morning was a “surreal” moment for Cars.com chief executive officer Alex Vetter and company. Cars.com leadership and a handful of dealerships were on hand at the New York Stock Exchange to ring the Opening Bell, in what Vetter calls a “defining day for our company.” Cars.com wrapped up its spinoff from TEGNA on Thursday […] [Read More]

While differing on how first-quarter activity unfolded, both Kerrigan Advisors and Haig Partners shared upbeat assessments of dealership buying and selling activity for the rest of 2017 as each used the adjective, "robust." First, at Kerrigan Advisors, the firm reported that the action of dealerships changing hands “remains robust” for Q1 in spite of slowing […] [Read More]

Black Book’s Used Vehicle Retention Index for May dipped both on a sequential and year-over-year basis. With four car segments sustaining drops, the May index reading came in at 112.3, which was down by 0.7 percent from the April mark of 113.1. The May reading also represented a 5.6-percent decline versus the same month last […] [Read More]

With the Consumer Financial Protection Bureau taking a greater interest in what service providers finance companies are using, Recovery Industry Services Co. (RISC), a provider of collateral recovery training, certification and compliance solutions, recently announced that it has signed a definitive agreement to acquire Recovery Compliance Solutions (RCS). The move was made in order to enhance […] [Read More]

FactorTrust recently released its enhanced Triggers solution, which provides tools to notify finance companies and other lenders of specific consumer behaviors on an ongoing basis and identifies the right-party contact information for collection and recovery efforts. The company explained that Triggers are alerts for pre-specified consumer events or changes reflected on FactorTrust’s credit database that […] [Read More]

Dealer Teamwork recently announced that it has received a United States Patent for its Merchandising, Personalization and Optimization Platform (MPOP) technology that creates, distributes and publishes contextual marketing campaigns. The new patent covering Dealer Teamwork’s MPOP technology grants valuable intellectual property protection for the company’s processes regarding methods and data formats connected to developing marketing campaigns […] [Read More]

Used-car buyers are shelling out close to 4-percent more money on their down payment than they were a year ago, according to data released Friday by Edmunds. And their down payments — which averaged $2,529 in May — are more than 12 percent higher than five years ago. Those numbers are even more pronounced on […] [Read More]

Car Keys Express founder and owner Mark Lanwehr has made the cut as a finalist for EY’s 2017 Entrepreneur of the Year Award in the Ohio Valley region, the company announced.  A panel of independent judges chose Lanwehr a finalist for the regional award, whose winners will be named during a special gala event at the Hyatt Regency Hotel […] [Read More]

In a May phone interview, Dealertrack Canada vice president and general manager Richard Evans was asked how far away Canada was from being able to buy a car 100 percent online. “First of all, isn’t that exciting?” he said. “Just the prospect of it has us really fired up.” Evans said the company was “not […] [Read More]