PHILADELPHIA — VINtek announced this week that it has struck a deal with Santander Consumer USA to manage vehicle titles for the company's recently expanded portfolio. Officials explained that a one of the reasons for this deal is Santander's recent acquisition of the indirect auto loan portfolio from Triad Financial. Basically, the expanded portfolio will be […] [Read More]

ATLANTA — Global Imports BMW doesn't look like your typical auto dealership. Housed in what was formerly a set of two multi-story office buildings, the store doesn't have the conventional retail display that often characterizes dealerships in the U.S.  Sitting on a landlocked location on an access road on a major interstate in the midst of busy […] [Read More]

LAKE SUCCESS, N.Y. — Earlier this week, DealerTrack rolled out its DealerTrack DMS Switch and Save 50 Percent Program, which claims the company can offer most dealers significant savings on their dealership management system. Basically, the program stipulates that DealerTrack can save users of competing DMS systems at least 50 percent of what they're paying for their […] [Read More]

PALO ALTO, Calif. — High Gear Media recently revamped and again launched its primary automotive site, TheCarConnection.com, to better serve consumers. Site officials explained a major difference about their portal from others is that it can organize and display more than 2 million separate pieces of automotive content from around the Web. These pieces of information […] [Read More]

ALEXANDRIA, Va. — Last night, Republican Scott Brown beat Democrat Martha Coakley in a stunning upset in the U.S. Senate race in Massachusetts. The seat, previously occupied by Democratic stalwart Ted Kennedy, should have been safe for Coakley. Brown's victory, by a solid five percentage points, reflects Americans' frustrations with the political status quo, and changes […] [Read More]

SAN CLEMENTE, Calif. — DealerSocket announced Wednesday that it has wrapped up the purchase of Carmind, a company that provides dealers with online sales training tools. Carmind offers a series of multimedia courses — designed to demonstrate effective techniques — that are filmed in a dealership environment and available 24/7. Dealer customers can pick what skills they […] [Read More]

GAINESVILLE, Ga. — Although the first two weeks of auction sales in 2010 showed an upswing in activity and attendance, as well as a few pockets of interest and bidding gains, there was a "somewhat surprising" decline in wholesale values, according to Black Book's Ricky Beggs. Specifically, Beggs said that among the 24 segments that Black […] [Read More]

McLEAN, Va. — Wholesale prices were up across the board month-over-month during the first week of January, according to NADA Used Car Guide, which indicated that on the car side of the used market, value gains by some of the high-volume segments likely mean that a traditional spring market has begun. In the first week of […] [Read More]

CARY, N.C. — Hundreds of dealers took part of their Tuesday afternoon to soak in valuable information and strategic recommendations from industry experts during the latest Webinar from the Auto Remarketing Training Series. Almost 800 attendees registered for the event that covered topics which ranged from best inventory management practices, how to harness opportunities at auction […] [Read More]

NORTHBROOK, Ill. — Donlen Corp. has rolled out a new brand identity that features a new logo, tagline, Web site and blog, as well as an updated Donlen GreenKey Web site. Looking at some of the specifics to the rebranding, the new tagline for the company is "Ideas. Focus. Solutions." Officials said it is designed to […] [Read More]