Dealers who use vAuto as their inventory management solution now have more content available to them made possible by the new AutoTrader.com family alliance. Officials from vAuto and Manheim said Monday the Manheim Market Report (MMR) and OVE.com are now seamlessly integrated within the vAuto platform. The company explained MMR now is displayed in vAuto’s […] [Read More]

SOUTHFIELD, Mich. — Credit Acceptance Corp. has extended the maturity and increased the amount of its revolving secured line of credit facility, as well as extended the date on which its $325 million revolving secured warehouse facility will cease to revolve. Credit Acceptance extended the maturity of its credit facility with a commercial bank syndicate from June 22, […] [Read More]

FOUNTAIN VALLEY, Calif. — In an effort to push the 2012 Accent and the rest of its new-model lineup, Hyundai Motor America renewed its partnership with Motozuma, a free social savings website where consumers can stash money to be used for a down payment on a new-vehicle purchase. Motozuma users can save their own money […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Taking its dealer suggestions seriously, Finance Express recently announced that Experian Automotive’s AutoCheck vehicle history reports will now be available through the company’s Internet-based dealer management system. "We take our dealers' suggestions very seriously, so when they asked for AutoCheck integration, we were happy to oblige,” said Dave Huber, president […] [Read More]

PITTSBURGH — PNC announced this week that it has reached a deal to purchase the U.S. arm of Royal Bank of Canada for $3.45 billion, or a $112 million discount on "tangible book value," according to management. With about $25 billion in assets, including auto loans, Raleigh, N.C.-based RBC Bank has 424 branches in North Carolina, Florida, […] [Read More]

With my travels all throughout this nation, I have a unique opportunity to work with and train people from every walk of life — from the auto finance industry to the bail bondsman to the recovery agent. No matter their line of work, the most common questions I am asked are: “When should we start working […] [Read More]

With communications technology evolving rapidly and federal regulations still in flux, ACA International, the Association of Credit and Collection Professionals, created a series of recommendations on how debt collection can be handled efficiently and fairly. ACA International recently rolled out what it titled, “The Path Forward: ACA International’s Blueprint for Modernizing America’s Consumer Debt Collection […] [Read More]

ADESA Golden Gate celebrated its eighth annual Crabfest Sale recently and not only offered more than 2,100 vehicles from a bevy of consignors, but treated dealers to a seafood feast, as well. Just before the San Francisco-themed sale, the event included a cornucopia of more than 1,000 pounds of Dungeness crab and clam chowder soup in […] [Read More]

The Government Accountability Office’s auto safety report released last week called for the National Highway Traffic Safety Administration to tweak its recall processes, noting considerable “room for improvement” in how the U.S. handles automobile recalls. [Read More]

AutoTrader.com’s deal to acquire VinSolutions has closed, meaning VinSolutions is now officially an AutoTrader subsidiary. The purchase agreement was originally revealed on May 18, and late last week, AutoTrader announced the transaction’s completion. As some may know, VinSolutions provides such tools as customer relationship management, Internet lead management and inventory management solutions, as well as […] [Read More]