IRVING, Texas — In addition to other announcements, myAutoloan.com, an online auto-financing marketplace, said it has launched a private label financing platform called Powered By myAutoloan.com. The company also recently announced it teamed up with Thrifty Car Sales and sponsored a Front Row Motorsports vehicle to gain more consumer attention. According to executives, the new platform offers […] [Read More]

INDIANAPOLIS, Ind. — The owners of 14 J.D. Byrider franchises were recently recognized by the company for being top performers. The President's Awards were given out to the dealers during Byrider's annual conference in November. The awards recognize the top 10 percent of stores based on operational numbers, including earnings, portfolio quality and CSI, executives pointed […] [Read More]

PORTLAND, Ore. — Compli announced it has launched a new version of its compliance management system, which is designed to help dealers stay on top of industry requirements. The Compli Dealership Compliance Management System controls, tracks and automates regulatory compliance operations within and throughout dealerships, executives said. This system can help stores ensure compliance with business […] [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express, which provides Web-based financial services and technology to independent dealers, announced that Universal Special Auto Finance has joined its platform. "The strength of Universal Special Auto Finance rests on the strength of our business partners," said John Scordo, executive vice president of business development for Universal Special Auto Finance. […] [Read More]

DETROIT — Now that GMAC is no longer linked exclusively to General Motors, it plans to grow its portfolio, moving from defense to offense. While plans are not set in stone, one opportunity the company plans to pursue is expanding its indirect auto lending to non-branded stores owned by dealers who also have GM-branded stores, […] [Read More]

FORT WORTH, Texas — As a part of AmeriCredit's growth plan, it announced its subsidiary, AmeriCredit Financial Services, is in the process of purchasing Long Beach Acceptance Corp., the near-prime auto finance subsidiary of ACC Capital Holdings. AmeriCredit Financial Services said it is currently acquiring all outstanding capital stock of Long Beach. The purchase is an […] [Read More]

Eden Prairie, Minn. — Van Wagenen Financial Services has teamed up with Lee & Mason of Maryland to provide insurance and tracking services to financial institutions. As a part of this partnership, both companies' sales forces will be combined into a single entity, executives announced. "We are particularly enthusiastic about the synergies that arise from this […] [Read More]

HARRISBURG, Pa. — Independent dealers in the Keystone State will now have the opportunity to meet and discuss examination and licensing issues with the Commonweath Department of Banking staff at education sessions hosted by the Pennsylvania Independent Auto Dealers Association. "We have been able to arrange a great opportunity for PIADA members," said Jeff Dreier, the […] [Read More]

LAKE SUCCESS, N.Y. — DealerTrack Holdings recently announced that transactions processed through its DealerTrack network for the third quarter came in at 18.8 million, a 29 percent increase from about 14.6 million in the third quarter of 2005. DealerTrack Holdings also reported that GAAP net income for the third quarter reached $5.6 million, up from […] [Read More]

PORTLAND, Ore. — Compli, the National Independent Auto Dealers Association and the American Financial Services Association recently offered input on the proposed Red Flag Rules to educate dealers and executives in the industry on the upcoming changes. Compli said it is reaching out to dealerships to alert them to the potential requirements imposed by pending Fair […] [Read More]