NEW YORK — A trio of industry veterans is aiming to put more power to generate productive online leads into dealers' hands. By recently launching the Automotive Advertising Network, these executives believe member dealers can secure unlimited leads and online promotion of their inventory on national, regional and local Web sites. They contend the placement would […] [Read More]

PORTLAND, Ore. — Chrome Systems is looking to help dealers and financial institutions reduce risk wherever possible. So, the company has scheduled a free Webinar to discuss how best to minimize investment risks and maximize vehicle profits. This free Webinar is scheduled for Wednesday at 2 p.m. ET. Some of the questions Chrome plans to cover […] [Read More]

WASHINGTON, D.C. — U.S. Senate floor activity is particularly important to the National Automobile Dealers Association and dealership management this week. Lawmakers are ramping up consideration of the proposed Bureau of Consumer Financial Protection, which could completely change how dealerships operate, some argue. NADA emphasized that the bill would produce sweeping powers to control dealer-assisted financing and […] [Read More]

HOUSTON — Auto Financial Group, an online provider of residual-based financing products for credit unions, recently announced it has signed an agreement with Frankenmuth Credit Union, a Michigan-based institution. Executives explained the agreement means FCU can offer AFG's DrivingSense as both a direct and indirect lending option. They noted that DrivingSense is a financing product that can […] [Read More]

NEW YORK — A new feature now is available with the LexisNexis Receivables Management Solutions Suite. Officials highlighted that LexisNexis Banko Events Monitoring can automate the process of monitoring bankruptcy events and help collections organizations improve efficiency. They also contend the new feature can reduce cost and identify new sources of revenue. The company shared feedback from […] [Read More]

SAN FRANCISCO — LiveVox, a provider of hosted-dialer solutions, recently upgraded its custom multi-number dialing strategy suite. Company executives highlighted that now credit and collection call centers can build dialing strategies of up to 30 numbers per account. They believe the suite can better leverage information from skip-trace vendors. LiveVox went on to explained how the […] [Read More]

CARY, N.C. — Portfolio Recovery Associates, a purchaser and manager of defaulted and bankrupt consumer receivable portfolios for lenders, recently made its choice for a vendor to build predictive portfolio models. Company executives decided to go with the SAS Enterprise Miner for these services. "Portfolio modeling is critical for us," explained Patrick Lipsky, vice president of analytics […] [Read More]

CARMEL, Ind. — Roughly 380 high-end vehicles from various luxury makes will be available at a special sale ADESA Lexington is hosting later this week at the Keeneland racetrack. The TopLine sales event will begin at 10 a.m. on Friday and include vehicles from Audi, BMW, Lexus, Mercedes-Benz and Porsche. Of the total consignment, there will […] [Read More]

BURLINGTON, Vt. — Dealer.com is expanding its facilities by almost 50,000 square feet and plans to add 200 new jobs by the end of next year, the company revealed Friday during a press conference with state and local leaders present.  The company's Burlington, Vt., headquarters is a 63,000-square-foot LEED-certified building that includes such employee amenities as […] [Read More]

CARY, N.C. — Want to know how some of the big dealership groups are driving up their bottom lines and what they expect in terms of future sales? AutoNation just reported first-quarter results this week and attributed much of its revenue growth to both new- and used-vehicle sales. Overall, the company witnessed a 19-percent increase in […] [Read More]