Izmocars and AskPatty.com recently revealed they are partnering in an effort to provide dealers with the training and tools they need to effectively market and sell auto accessories to women. Interestingly, according to the companies, this is especially important because women purchase nearly as many accessories and aftermarket products as men. Jody DeVere, chief executive […] [Read More]

Based on September new-vehicle sales, TrueCar discovered the average fuel economy has grown on vehicles consumers are purchasing. According to the company, the TrueMPG increased to 22.0 miles per gallon from 21.4 mpg in the same month a year ago. The September reading also represents an uptick from August when the TrueMPG stood at 21.7 mpg. “Hyundai […] [Read More]

The CarMax Foundation has now given $10 million to nonprofits since its inception in 2003. In celebration of this milestone, the foundation announced it will now include wellness as one of its focuses.   To kick off the celebration, the CarMax Foundation revealed it intends to double all volunteer team-builder grants from $500 to $1,000 for any associate groups […] [Read More]

Kelley Blue Book revealed Monday that its Kbb.com website has earned recognition in the Web Marketing Association’s annual awards program that spotlights top websites across 96 industries. Kbb.com earned a 2011 WebAward for Outstanding Website in the Automobile category. The site was redesigned in May, and it now includes Total Cost of Ownership data as […] [Read More]

PHILADELPHIA — VINTek announced today that it has signed on its 2,500th lender for its VintekTIME collateral management technology. The program, which provides lenders with an automated virtual title department, also integrates with the company’s direct-to-consumer loan servicing platform that allows borrowers to electronically access and sign loan documents as well as view DMV documents. […] [Read More]

DALLAS — Geared as the next step beyond just getting shoppers to dealers, Vehix recently selected RoadLoans.com as its preferred lender. Now potential buyers can apply for vehicle financing through RoadLoans.com as part of their shopping experience. Consumers shopping at Vehix.com now will see the RoadLoans.com finance option when they search for a particular vehicle […] [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. recently announced the completion of a $200.5 million asset-backed non-recourse secured financing deal. Per this transaction, the company contributed loans having a net book value of approximately $250.8 million to a wholly-owned special purpose entity, which will transfer loans to a trust. The trust will then offer three classes […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express, a provider of Web-based financial services and technology for independent dealerships, recently partnered with Preferred Automobile Credit Co., a growing indirect subprime auto finance company. In explaining why Finance Express broadened its lender portal, president David Huber stated, "Since the down turn of the economy, dealers need lenders […] [Read More]

Attendees at last week’s RM Auctions sale in Hershey, Pa., stood and applauded when the car named “La Marquise” made its entrance. The car — built about two decades after the American Civil War — is said to be the oldest running motor car in the world. On Thursday, the 1884 De Dion Bouton et […] [Read More]

The three segments of LexisNexis Skip Tracing Index moved in different directions during the second quarter as activity by creditors and collection agencies dropped, while action from collection law firms climbed higher. The index reading for collection agencies slid to 81.0, continuing a downward march that’s now six quarters old. The creditors index segment dropped […] [Read More]