To reward loyal customers with such perks as sales and service discounts at the dealership, Mercedes-Benz USA, its financial arm, and American Express have rolled out two new co-branded credit cards that include an array of awards for the luxury automaker’s clientele. It was also announced Monday that the automaker has signed on to American […] [Read More]

As Fiat’s U.S. dealer body continues to get the ball rolling and develop strategies, NCM Associates revealed Monday that early next year it will be offering its first-ever set of Fiat Dealer Twenty Group meetings to help these dealerships get their feet wet and foster consistently profitable stores. NCM will begin these meetings not long […] [Read More]

NADA Used Car Guide recently added a VIN barcode scanning app for mobile devices to help vehicle appraisers make fast and accurate decisions. The new VIN scanner app, which is available for the iPhone, iPad2 and Android, is free to download for subscribers of NADA Online and NADA AppraisalPRO. “The VIN barcode scanner simplifies the vehicle […] [Read More]

MPi — a provider of vehicle inspection tools, processes, and consulting for dealer service departments —established Regional Dealer Advisory and Fixed Operations Advisory councils on Monday. These groups are aimed at helping dealerships achieve better performance and increased revenue from their fixed operations.   The company explained the councils will be divided by regions — Eastern, Midwest […] [Read More]

CHICAGO — According to TransUnion, national auto delinquency rates have not only shown a decline for the seventh consecutive quarter, but also remain at historically low levels. Dropping from .49 percent in the first quarter to .44 percent at the end of 2Q, the rate of borrowers 60 or  more days past due continues to […] [Read More]

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]