This week, Dealertrack Technologies announced the election of Joe Payne to its board of directors, raising the size of the management group to nine members. “Joe Payne brings a wealth of experience to our Board, and we expect him to be a valuable asset to our team as we deliver the market leading suite of […] [Read More]

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 SOUTHFIELD, Mich. — After closing a quarter when the company posted strong gains in both consolidated and adjusted net income, Credit Acceptance Corp. leaders reflected on how they arrived at those first-quarter achievements. Three topics kept returning to the conversation when Credit Acceptance conducted a conference […] [Read More]

DALLAS — The new private-label, full-service lending program of Santander Consumer USA and Chrysler Group officially launched today. Chrysler Capital is designed to offer a broad spectrum of financing services for Chrysler customers and dealers. Under a 10-year, private-label agreement announced Feb. 6, Chrysler Capital operates as a stand-alone company, managed jointly by Santander Consumer […] [Read More]

NEW YORK — As expected by Fitch Ratings, U.S. auto ABS posted "stellar" seasonal results in March. Fitch indicated both losses and delinquencies declined across prime and subprime auto ABS even as used-vehicle values softened, a trend analysts are expecting to continue for the remainder of the year. "Despite volatility and uncertainty, economic conditions are […] [Read More]

PHOENIX — MBSi Capital, the developer of the Re-Pros and iRepo repossession software suites, rolled out what it's calling the repossession industry's first full-featured mobile application. The company highlighted the solution can enable repossession companies to manage and update assignments remotely in real time. Available for Android and iOS, the Repo Ninja mobile application can […] [Read More]

City Enterprises, parent entity of City Auto and Dealers Auto Auction, along with Phil Hanks, former president of Primeritus Financial Services, created a joint collaboration resulting in the formation of Connect 1 Recovery, a full service collateral recovery company. Connect 1 Recovery is headquartered in Nashville, Tenn., and operates in Maryland, Tennessee, Georgia, Texas and […] [Read More]

MBSi Capital, the developer of the Re-Pros and iRepo repossession software suites, rolled out what it’s calling the repossession industry’s first full-featured mobile application. The company highlighted the solution can enable repossession companies to manage and update assignments remotely in real time. Available for Android and iOS, the Repo Ninja mobile application can give recovery […] [Read More]

Polk recognized four employees on Monday for their commitment and contributions within the global automotive market intelligence company and appointed them to new roles within the organization. Among the developments, Marc Bland, diversity and inclusion; Theresa Gorman, sales and client services for the Eastern region; and Anthony Pratt, forecasting for the Americas, have been promoted […] [Read More]

In a recent episode of his weekly online video commentaries about dealership advertising, Paul Potratz emphasized how understanding shoppers “can make a big difference in your bottom line.” The chief operating officer and founder of Potratz Partners Advertising explained how dealers need to consider their online advertising by viewing it through the lens of the […] [Read More]

The next free Auto Remarking Training Series webinar will feature top trainers from Carfax and FirstLook in a session geared for managers who want to get the most out of their used-car inventory. The session will include DJ Sherwood, process improvement manager at Carfax, as well as Steve Miner, director of product marketing at FirstLook. […] [Read More]