BENTONVILLE, Ark. — America's Car-Mart enjoyed nearly a 4-percent gain in net income in the first fiscal quarter, boosted its sales by almost 7 percent and says its business model is stronger than ever. The company also revealed that its chairman is retiring after his term wraps up in October. Tilman "Skip" Falgout III will step […] [Read More]

SARASOTA, Fla. — Leedom Group recently revealed that Leedom Financial Services has completed a sale of all its performing assets to American Credit Acceptance’s Spartan Financial — which also provides capital solutions to buy-here, pay-here dealers and subprime auto finance companies.   Leedom Group stressed the sale was made in an effort to “further enhance […] [Read More]

KNOXVILLE, Tenn. — ProconGPS Inc., a leading supplier of GPS vehicle tracking solutions, has filed a patent infringement lawsuit in a California Federal Court against Star Sensor, Skypatrol LLC and others. The complaint is related to U.S. patents 6,249,217 B1 & 6,025,774 and involves an innovative system that applies GPS  technology, cellular networks and information systems […] [Read More]

A subsidiary of Renovo Services recently completed the successful remarketing of a vehicle online from a secured storage lot. Kevin Flynn, chairman and chief executive officer of Renovo Services, praised the process established with ReposDirect.com. Flynn emphasized ReposDirect.com has initially partnered with two vendors in the online space and is committed to being platform agnostic.  […] [Read More]

License plate recognition technology provider Digital Recognition Network recently finished up a full and robust integration with iRepo, a provider of e-commerce recovery management solutions to the auto finance and recovery service industries. Officials explained the integration is meant to enable iRepo users to fully utilize DRN’s national LPR platform, making it possible to have […] [Read More]

Friday at Brasher’s Salt Lake Auto Auction, a pipe bomb was apparently discovered in a car that technicians were preparing for sale, according to news reports. Thankfully, police were able to disarm the bomb and everyone was safe. As of Saturday, authorities had not yet determined how or why it ended up there or who […] [Read More]

Contrary to what some analysts are projecting, the National Automobile Dealers Association’s chief economist is thinking new-vehicles sales will close out this year strong. NADA’s Paul Taylor sent out a statement late last week on the heels of firms such as J.D. Power and Associates shaving their expectations for where the 2011 SAAR might land. […] [Read More]

Today marks the beginning of the National Auto Auction Association’s annual promotion week, a time when it encourages members to celebrate their vital industry contributions. To assist members with National Auto Auction Week plans, NAAA executive director Frank Hackett recommended going to the association’s website, which contains a variety of materials such as posters, sample […] [Read More]

As the Volkswagen Group aims to climb the global market share ladder, expanding its presence in the U.S. market is vital for the German automaker. Through the first seven months of the year, VW has done exactly that, lifting its U.S. sales by more than 20 percent from a year ago. The 20.5 percent increase […] [Read More]

In perhaps some unconventional news for General Motors, it was revealed late last week that one of its nameplates has played a part in setting a world record. In Cadillac founder Henry Leland’s hometown, 298 of these models and their proud owners from throughout the U.S. and Canada rolled down Route 2, stretching for nearly a mile in […] [Read More]