Dealertrack Technologies announced this week that the company has completed its acquisition of Casey & Casey NPS, which does business as Auto Title Express. In a move first revealed on Feb. 25, the company recapped that this acquisition gives Dealertrack what company officials indicated is Louisiana’s first electronic public license tag agency and the largest […] [Read More]

Automotive technology firm PureCars has announced the name of its new director of recruiting. Reporting high growth over the past quarter which is expected to continue — resulting in a need for new hires — PureCars has announced Katerina White for the position.  “White has proven herself an extraordinary recruiter,” said David Dingee, director of national […] [Read More]

WASHINGTON, D.C. — While bank card delinquencies fell to levels not seen since the third quarter of 1994, the American Bankers Association's latest Consumer Credit Delinquency Bulletin showed mixed movements in the auto finance space. ABA found that fourth quarter delinquencies connected with indirect auto loans — contracts originated at dealerships — fell from 2.08 […] [Read More]

DETROIT and FORT WORTH, Texas — General Motors Financial announced this week that it has completed the acquisition of equity interests in the top-level holding companies that comprise substantially all of Ally Financial's auto finance and financial services business in Europe and Latin America. Officials said the purchase includes operations in Germany, United Kingdom, Italy, […] [Read More]

IRVINE, Calif. — CarFinance Capital renewed and increased its warehouse credit facility this week from $200 to $300 million. Officials highlighted the increased credit line — which is being provided by Deutsche Bank and Credit Suisse — further bolsters the company's ongoing mission of helping the growing population of credit-challenged buyers, CarFinance believes subprime purchasers […] [Read More]

LOUISVILLE, Ky. — Peritus Portfolio Services recently signed a multi-year agreement to offer SteadyPay Payment Solutions services to its customers who often purchase vehicles at buy-here, pay-here dealerships. Officials explained SteadyPay offers automatic bill payment via payroll deduction. Peritus' customers can accumulate funds over time through payroll deductions, ensuring that money is available when a […] [Read More]

In what the company said is the largest acquisition in its history, Larry H. Miller Dealerships has bought seven stores in Arizona. The group said Monday it purchased three stores in Avondale and four in Tucson. Those stores are: Avondale Chrysler, Jeep Avondale Dodge, Ram Avondale Fiat Tucson Dodge, Ram Tucson Chrysler, Jeep Tucson Fiat […] [Read More]

Topping the next-closest model by 3,350 online visits, the most-researched used vehicle on KBB.com for March was the Honda Civic. It generated 53,848 visits and was followed by the Honda Accord, which received 50,498 visits. Third on the most-researched used list was the Toyota Camry (47,450 visits), while the Toyota Corolla was fourth (34,452 visits), […] [Read More]

Judging by data analysis released today by Marchex, Inc.,  each time an employee at a dealership or service center answers the phone, he or she may have a good opportunity to turn that conversation into a sale. Marchex, a mobile performance advertising company, found that consumers now place millions of calls to the auto industry […] [Read More]

A strong start to 2013 left the February data reported in the latest RDN Monthly Analytics Update falling lower against January but slightly higher versus a year ago. Officials said February recovery volumes dropped 13 percentage points versus the January level. However, the February reading came in 4 percentage points higher than the year-earlier mark. […] [Read More]