NORTHFIELD, Ill. — Many smaller dealerships won't be expanding any time soon, according to recent research. A Small Business Research Board study in the third quarter of 2007 found that only 24 percent of respondents indicated they would expand their dealerships in the next 12 to 24 months. That represented a 5 percent drop from the second […] [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced recently that it has partnered with Black Book. As part of the deal, Black Book will provide its used-vehicle values for RouteOne to use in its Vehicle Values assessment tool, which has now reached more than 5,000 subscribers. RouteOne also announced it has struck a deal with MenuVantage. The partnership […] [Read More]

HANOVER, Md. — The National Automotive Finance Association announced the date and location as well as speakers and panel discussion topics for its 12th annual Auto Financing Conference. The conference will be held from June 4 to 6 at the Renaissance Worthington Hotel in Fort Worth, Texas. Delivering the keynote address is scheduled to be Dr. Bernard Weinstein, of the […] [Read More]

TEMPE, Ariz. — NowAuto Group recently reported results for the fiscal 2008 second quarter, which ended Dec. 31, 2007. Highlighting the report was a drop in revenue from the previous year but an improvement in gross margin and a decrease in bad debt charges. The company indicated its quarterly revenue to be $1.1 million with a net loss […] [Read More]

SAN FRANCISCO — More than 350 auto finance executives, vendors and dealers turned out in San Francisco for the American Financial Services Association's 12th annual conference and exposition. While a variety of topics were covered at the event, which had a sold-out exhibit hall, one of the most informative and entertaining panels featured the chief executive […] [Read More]

IRVING, Texas — CitiFinancial Auto and Finance Express announced recently the addition of the auto lender to the Finance Express integrated platform.  "This agreement expands our program offerings to the independent dealer market," said Rajive Chadha, president of CitiFinancial Auto.  "What this means to dealers is we can offer an enhanced and diversified product line through […] [Read More]

DAYTON, Ohio — Reynolds and Reynolds recently announced that the complete library of Chrysler Financial forms is now available to dealers via its F&I eForms solution. With the addition of all Chrysler financial forms, including all retail contracts and lease agreements, F&I managers using F&I eForms can take another measurable step in improving the cost-effectiveness of […] [Read More]

SAN BRUNO, Calif. — Nomis Solutions, a leader in profit-based pricing for banking and finance, recently announced that it is now providing Nomis Price Optimizer for Ford Credit. According to officials, Ford Credit is using the Nomis Price Optimizer in its U.S. and Canadian markets to tailor standard and subvented loans and lease prices to meet […] [Read More]

BATON ROUGE, La. — AppOne, a part of Wolters Kluwer Financial Services, and Infonizer North America, developer of the DMS for Microsoft Dynamics AX, recently announced that Infonizer and Microsoft have entered into Memoranda of Understanding to use DocOne, AppOne's document engine, as the compliant indirect lending document content provider for the DMS solution. Officials explained […] [Read More]

SOUTHFIELD, Mich. — GMAC Insurance recently detailed its growth plans for 2008. The company's initiatives include launching a one-stop site for dealers that consolidates its products, a new organizational structure and more. "While the majority of competitors traditionally focus solely on products, GMAC Insurance has designed its value proposition to provide solutions that address everything from […] [Read More]