NEW YORK and SANTA MONICA, Calif. — The arrival of Elon Musk, the chairman and chief executive officer of Tesla Motors at NASDAQ MarketSite in New York's Times Square on Monday marked a monumental company achievement. Musk rang the opening bell for trading as part of Tesla's way of celebrating its initial public offering on the […] [Read More]

NORCROSS, Ga. — Less than two weeks after being chosen as the preferred provider for vehicle service contracts and other consumer benefits for the West Virginia Automobile and Truck Dealers Association, APCO/EasyCare revealed this past weekend another statewide dealer organization made a similar decision. This time, the leadership of the Kentucky Automobile Dealers Association named EasyCare as […] [Read More]

IRVINE, Calif. — Kelley Blue Book on Monday shared its Web traffic pattern analysis comparing consumer behavior displayed this past May with sentiment from May 2009. According to Kelley Blue Book Market Intelligence, brands that have climbed the most in consumer interest for new vehicles include Hyundai, Ford, GMC, Kia and Subaru. Conversely, Toyota led the way […] [Read More]

OAK BROOK, Ill. — vAuto recently celebrated founder and chairman Dale Pollak taking home honors as the 2010 Ernst & Young Entrepreneur Of The Year award for Emerging Companies in the Midwest Region. Included in the Midwest program are Illinois- and Indiana-based companies. Pollak was chosen by an independent judge panel in the Emerging Companies category, […] [Read More]

MONTVALE, N.J. — Mercedes-Benz USA on Monday highlighted the four purposes of its new customer- and dealer-support facility in Jacksonville, Fla. Executives explained they plan to take occupancy in July with four business units operating from the location, including Sales Operations Southern Regional Office, Parts Distribution Center, Quality Evaluation Center, and Learning & Performance Center. The […] [Read More]

FORT WORTH, Texas — Digital Recognition Network, a provider of license plate recognition technology, recently partnered with RepoHiring.com to provide assistance with anticipated personnel growth. DRN indicated it plans to hire as many as 20 professionals for its headquarters within the next 60 days. The company sought RepoHiring.com to find qualified candidates. Interested individuals can review […] [Read More]

COSTA MESA, Calif. — ZimpleMoney recently launched a new dealer solution, ZimpleAuto. Executives explained the tool is geared so lot management can make and manage vehicle loans to low and middle-income borrowers whose credit was destroyed by the ongoing recession. The company contends ZimpleAuto can allow dealers to bypass traditional lenders, banks and credit unions to […] [Read More]

McLEAN, Va. — As much as consumers might be conducting research before making a vehicle purchase, the seventh annual Rules of the Road Survey from Capital One Auto Finance found that many buyers are still ending up in a financial challenge after the contract is signed. The survey that probed first-time buyers determined that 63 percent of […] [Read More]

PHILADELPHIA — VINtek celebrated a significant landmark this week, revealing Monday that the 20-year-old company's clients list recently reached 1,000 customers. Moreover, officials said the company is still adding several clients daily throughout its various business segments. VINtek said its customer list includes a wide variety of clients, including small community-based credit unions, buy-here pay-here dealership […] [Read More]

ELIZABETH, N.J. — A simple Google search can result in hundreds of stories of repossessions gone wrong — from repossessors impersonating police to repossessors getting shot and killed. On Dec. 9, 2009, a badge-wearing repo man was arrested and charged with impersonating a police officer after dragging and injuring a woman whose vehicle he was attempting to […] [Read More]