LAKE SUCCESS, N.Y. — DealerTrack announced its net income for the first quarter reached $3.4 million, up 66 percent from $2.1 million posted in the same period of 2005. Company executives highlighted the fact that their transaction volume in the subprime area was particularly strong. Executives noted that their net income results include a stock-based […] [Read More]

LAS VEGAS — The best odds in the house last month at the Las Vegas Hilton were not at the craps or blackjack tables; the best odds for the nearly 1,500 dealers from throughout the country were at the National Buy-Here, Pay-Here Conference. In those rooms where the talk was on the buying and selling […] [Read More]

BENTONVILLE, Ark. (June 15, 2006) — America’s Car-Mart recently announced the opening of its newest dealership in Sedalia, Mo. This new location marks the second dealership opening since the company’s current fiscal year began on May 1. The company also said it has relocated and expanded its existing Lawton, Okla., location to upgrade it to […] [Read More]

LAS VEGAS (June 14, 2006) — Hundreds of independent dealers, vendors and industry executives were on hand during last week’s National Independent Automobile Dealers Association’s Annual Convention and Expo in Las Vegas to see dealer Tracy Myers, of Winston-Salem, N.C., named the 2006 National Quality Dealer. Despite being the son of a dealership owner, Myers […] [Read More]

ATLANTA (June 13, 2006) — In addition to other announcements, Manheim said subscribers to POINT now have access to N.A.D.A. Official Used Car Guide Co.’s values, along with valuations already provided by Manheim Market Report and Edmunds True Market Value. “This popular guide from N.A.D.A. provides one of the most comprehensive and market-reflective vehicle information […] [Read More]

RANCHO CUCAMONGA, Calif. (June 12, 2006) — CU Direct Corp., which administers the Credit Union Direct Lending program, recently unveiled its next-generation vehicle research and shopping Web site for credit unions and their members. According to officials, the completely redesigned CUDL AutoSMART site offers several new enhancements, provides improved user-friendly navigation with increased research capabilities […] [Read More]

IRVINE, Calif. (June 7, 2006) — To help protect vehicle buyers, sellers and lenders during an Internet transaction, Escrow.com announced Monday it will partner with Vehicle Title to provide TitleGuard Vehicle Title Insurance on loans generated through the Finance Express platform. According to officials, Finance Express operates an online auto finance platform specifically designed for […] [Read More]

LAS VEGAS (June 6, 2006) — Sharing his story prior to taking office as the next president of National Independent Automobile Dealers Association's at this week's annual convention in Las Vegas, Randle Smith said he learned one of life's hardest lessons by a young age — if you fail, pick yourself up and try again. […] [Read More]

CHICAGO (June 6, 2006) — Carfax announced Monday that the number of flood-damaged vehicles showing up for sale in Illinois has increased by 96 percent since 2002. “These figures underscore just how important it is for consumers to find out all they can about a used car’s history,” explained Chris Basso, media relations manager for […] [Read More]

POWAY, Calif. (June 6, 2006) — With the FBI reporting that franchised and independent dealers are increasingly becoming targets of identity thieves, First Advantage CREDCO has introduced BuyerID, a new suite of smart identity verification solutions. According to officials, BuyerID includes BuyerID Alert, BuyerID Advanced and BuyerID Check. They say that this package will help […] [Read More]