AUSTIN, Texas — Innovative Funding Services responded to broadening expansion Tuesday by promoting one its executives to director of operations. Taking on the role at the financing company for lessors and fleet-management businesses is Robert Rohner. When IFS moved to its new location on Burnett Road in Austin, Texas, last year, management pointed out Rohner was […] [Read More]

DETROIT — On Monday, Ally Financial rolled out an exchange offer for its outstanding 8-percent Senior Guaranteed Notes due 2020.   Back in March, the company had initially issued a principal amount of these old notes totaling $1.9 billion in two private offerings. These notes form a single series, officials explained. Ally conducted the private offerings […] [Read More]

LAKE SUCCESS, N.Y. — With revenue gains on both the transaction and subscription sides of the company's operations, DealerTrack saw its total revenue improve more than 7 percent during the third quarter. Moreover, it enjoyed GAAP net income of $1.2 million after reporting a loss in the year-ago period. The company's GAAP net income was […] [Read More]

Three members of the ServNet Auction Group have purchased additional auction locations, and one of these facilities will mark its debut sale later this week. Wade Walker and his family, who owns Sparkling City Auto Auction of Corpus Christi, Texas, are hosting the inaugural sale at Sparkling City Auto Auction of San Antonio on Wednesday. [Read More]

As consumers, cell phone users, computer owners, Internet shoppers, online bankers and increasingly voracious consumers of all types of content, most people benefit from some form of electronic data interchange on a daily basis. We are literally surrounded with technology that allows us to exchange important data about our lives in a very routine manner. […] [Read More]

The momentum kept rolling in the industry’s certified pre-owned segment during October, especially for a trio of automakers that posted best-ever CPO months, according to Autodata Corp.  With a double-digit improvement from October 2009, the certified segment made its eighth consecutive month of year-over-year gains, and year-to-date sales showed upward movement for the fourth straight […] [Read More]

Never before has the Manheim Used Vehicle Value Index climbed this high. It has also been more than a year since the reading rose this much in a single month. Manheim’s Tom Webb reported the October index spiked to 122.9 after three consecutive months where it remained nearly flat. The September mark was 118.9, meaning […] [Read More]

Having the right technology in place to support a business has never been more important, especially in recent years as the country has had to deal with various natural disasters, such as hurricanes, flooding and more. Fleet Lease Disposal (FLD) learned this firsthand when Hurricane Wilma struck the Florida coast, and has turned its gained knowledge […] [Read More]

Pickups are leading the way in an auto market that has steadily grown healthier, according to a recent Forbes.com report. Forbes said two of these trucks, in particular, have been the industry’s top sellers so far in 2010. The site released the list of top-10 best-selling new vehicles of 2010, and the No. 1 model […] [Read More]

Buick believes its latest sponsorship campaign can help the brand promote its lineup of vehicles — especially the Regal — through Yahoo News, which claims to have an audience of more than 90 million monthly visitors. The nameplate last week signed on to be the lead sponsor for "Weekend Edition" on Yahoo News, a new program […] [Read More]