DealerTrack announced late Monday that it is selling ALG to TrueCar. As part of the deal, DealerTrack will continue to have access to certain ALG intellectual property or data in its products and services, with a perpetual, royalty free license. Interestingly, management of both companies describe the transaction as a tax-free reorganization. For the sale […] [Read More]

Dollar Thrifty Automotive Group has asked its suitors — Hertz and Avis Budget Group — for their best and final acquisition offers. It appears to be an effort by the company’s president and chief executive officer to speed along a process which has lasted more than a year.  Scott Thompson tipped off the suitors of […] [Read More]

Recognizing that dealers are currently facing significant challenges in sourcing inventory in the pre-owned marketplace, both the National Remarketing Conference and the CPO Forum will be focusing on the topic, bringing together top dealers from throughout the country to discuss their strategies and best practices for finding the right cars. The CPO Forum will put the […] [Read More]

Ford and Toyota revealed Monday the two companies will be collaborating on a new rear-wheel drive hybrid system that will offer more fuel-efficient options for  consumers in the market for a light truck or SUV. The two automakers also noted they will be working together to develop "next-generation standards for in-car telematics and Internet-based services." […] [Read More]

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]