Normal 0 false false false EN-US X-NONE X-NONE BENTONVILLE, Ark. — America's Car-Mart increased its network of buy-here, pay-here dealerships on Tuesday by rolling out its 119th store in previously uncharted territory. The newest location and the fifth the company has opened so far during its current fiscal year is located in Woodstock, Ga.    "Woodstock […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE ARLINGTON, Texas — SFG Finance announced Tuesday that the company's senior vice president of acquisitions, Robert Chickowski, will soon be retiring. Chickowski is stepping away from the company on Jan. 31. SFG Finance, a purchaser of auto paper from buy-here, pay-here dealers, franchised stores finance companies, banks […] [Read More]

PHILADELPHIA — VINtek recently highlighted the growing adoption of its VINtekTIME automotive collateral management system and processes as well as increased interest in its eSignature and eContracting solution by military-focused lenders, supporting thousands of military borrowers around the world.    Through its technology services and focus on lender customer satisfaction, VINtek has secured a 50 percent […] [Read More]

New automotive technology advancements continue to stream out of the Consumer Electronics Show in Las Vegas this week. This morning, Toyota revealed that beginning this year, the OEM will significantly increase the availability of SiriusXM across its entire vehicle line-up. Officials shared that SiriusXM will now be standard on the majority of Toyota's multimedia systems.  […] [Read More]

Safe-Guard Products International, an F&I provider in the auto industry, announced recently it has been purchased from H.I.G. Capital by an affiliate of Goldman Sachs, in partnership with management. [Read More]

In November, Mazda’s certified pre-owned program hit a record dealer enrollment count with 608 stores signed on.   Over at Ford, its CPO leadership talked recently about how dealership participation has improved, and subsequently shared how dealers and other parties have, as national CPO sales manager Todd Fites put it, “embraced the challenge of growing […] [Read More]

It seems Hurricane Sandy is not done with the automotive industry. Offering a take on December’s unseasonably strong wholesale prices, ADESA’s Tom Kontos noted in the latest “Kontos Kommentary” that the superstorm may have played a role in these high rates. “Some residual effects of Superstorm Sandy may be evident in the relatively strong wholesale […] [Read More]

Capital Automotive Reconditioning Services is reaching its 10-year anniversary this year and is making executive changes to prepare for the next decade. Since its founding in 2003, CARS Recon has expanded to 28 locations, grown to include approximately 550 full-time employees and processed more than 3 million vehicles for sale at auctions.  The company began […] [Read More]

With final new-car sales numbers for 2012 rolling in, Black Book’s Ricky Beggs took a look at how these high numbers will affect wholesale auction activity. As the managing editor shared in his latest “Beggs on the Used-Car Market” video report, new sales are reported to have come at 14.49 million, marking a 13-percent increase […] [Read More]

As the Consumer Electronics Show gets underway in Las Vegas, automakeres are revealing new technologies and developments by the hour. With new offerings ranging from apps to mobile products, online radio functionality and more, the in-car technology race is heating up. First up, Chrysler Group introduced Internet radio capability to its Uconnect Access suite of […] [Read More]