COLUMBUS, Ohio — Huntington announced this morning that it is expanding its growing auto dealer financing business into Iowa and added key personnel into the state to support the initiative.  "Huntington Auto Finance continues to expand its auto finance business in key states and is pleased to welcome dealerships in Iowa as our new valued […] [Read More]

Double-digit gains in retail and wholesale used-vehicle sales were among the key drivers cited by CarMax leadership in explaining the significant hikes the company saw in its sales and earnings during the second quarter of its 2014 fiscal year. It was what CarMax called better execution in its stores and a favorable consumer credit environment […] [Read More]

NetChoice — a public policy advocacy organization that promotes Internet innovation and communication — is continuing to work on keeping license plate recognition technology available as a tool to boost the efforts of the repossession and recovery industries. NetChoice recently assembled a new presentation to explain LPR technology and debunk myths about how the tool […] [Read More]

Dealer.com revealed an update to its Customer Relationship Management solution today that might be a big time-saver for dealers. The company’s CRM product has received ADP Dealer Services' Third-Party Access Program certification. Now, as a result of the certification, the company asserts dealers can "more efficiently" track and report sales and service progress in real-time […] [Read More]

Late Monday, Hertz Global Holdings announced that senior executive vice president and chief financial officer Elyse Douglas decided to step down from her current role for personal reasons. The move is effective as of Oct. 1, but the company said Douglas will stay with Hertz through Dec. 31 to help to complete several strategic projects […] [Read More]

It must be fall. The air is crisp, football is underway, and here in Ohio the leaves are beginning to changes colors. Oh, and of course, our government is on the verge of a total shutdown. On Friday, while I was in Washington, D.C. for a few meetings, the House of Representatives voted on a […] [Read More]

Chrysler Group announced Monday that it filed a registration statement for a proposed initial public offering. The automaker, which filed the statement on Form S-1 with the U.S. Securities and Exchange Commission relating to a proposed initial public offering of common shares, said in its press release that it has not determined the number of […] [Read More]

Dealertrack Technologies announced Monday afternoon that it has entered an agreement to purchase VINtek, a provider of automotive collateral management, electronic lien and title and consumer automotive finance processing services. “VINtek has been an innovator and strong supporter in the ELT marketplace for years, and is well-respected by state governments, including their departments of motor […] [Read More]

The last week of summer brought significant price declines for both cars and trucks at auction, perhaps a sign of what’s to come in the new season. With gas prices continuing to drop, now sitting at a national average of $3.55, the highest declines this week were seen in the entry-level car segment. This vehicle […] [Read More]

ServNet has struck a deal with AutoIMS to provide collective analytics using data contributed by the auction group’s members throughout the U.S. And not only will this help each of the 32 ServNet auctions throughout the country, it is designed to benefit remarketers, as well. This news was announced this month by R. Charles Nichols, […] [Read More]