HOUSTON (July 20, 2006) — Auto Financial Group, an online provider of residual-based financial products for credit unions, announced it has teamed up with Credit Union Acceptance Co. Under the deal, CUAC will offer AFG's Driving Sense vehicle balloon financing product to credit unions and their members. According to company executives, Driving Sense is an […] [Read More]

LOS ANGELES, Calif. (July 19, 2006) — PriceGrabber.com announced an enhancement to its Autos channel that gives dealerships the opportunity to showcase pre-owned inventory on its network of sites. According to company executives, dealerships can now easily publish pre-owned inventory to the PriceGrabber.com network of Web sites. They went on to say that PriceGrabber.com is […] [Read More]

HOUSTON, Texas (July 19, 2006) — The National Alliance of Buy-Here, Pay-Here Dealers announced it will host a two-day collection academy in Atlanta on Jan. 10-11, at the Manheim DRIVE facility. Ken Shilson, CPA and NABD president, said the curriculum has been finalized and the instructors are selected for the educational event. The program is […] [Read More]

RICHMOND, Va. — CarMax's total first-quarter sales grew 19 percent to $1.89 billion from $1.58 billion in the same period of fiscal 2006. Moreover, comparable-store used unit sales increased 6 percent, according to company executives. Executives attributed the improvement to an overall curbing in wholesale prices, which had a positive impact on the company's used […] [Read More]

LAKE SUCCESS, N.Y. — In recent announcements, DealerTrack said its network is now offering lead management systems, with InterActive Financial Marketing Group, provider of Carloan.com, Autoloan.com and (800) AUTO-LOAN, the most recent addition, joining Bar None and BlueSky Marketing Group. Moreover, DealerTrack said it has enhanced the functionality of its eMenu product to assist California […] [Read More]

SACRAMENTO, Calif. (July 14, 2006) — California DMV taskforces are currently visiting dealerships throughout the state to ensure they are in compliance with the Car Buyer's Bill of Rights, which went into effect July 1. Mike Macaulay, an independent car dealer as well as a member of the Vehicle Industry Advisory Board for the California […] [Read More]

GARDEN CITY, N.Y. (July 14, 2006) — Chase Auto Finance Corp. announced Thursday that it will be opening a full-spectrum Seattle business center this month, which is designed to expand the company's services and better help area car dealers offer vehicle buyers more finance options. The new center — located at 1301 Fifth Street, Suite […] [Read More]

BENTONVILLE, Ark. (July 7, 2006) — Gross profits for America's Car-Mart fell 2 percent for fiscal year 2006 due to higher vehicle costs and higher expenses in preparing units for sale, company executives reported Thursday. Cart-Mart's income for the year decreased 7.1 percent to $16.7 million, as compared to $8 million for the previous year, […] [Read More]

FARMINGTON HILLS, Mich. (July 5, 2006) — RouteOne recently announced it has signed its 100th lender, signaling a 40-percent increase in the number of finance sources available since January. "The quality of our 100 lending partners is especially noteworthy," said Mike Jurecki, RouteOne chief executive officer. "In addition to providing dealers access to the premier […] [Read More]

FORT WORTH, Texas (July 3, 2006) — After making some tough decisions in 2003 and trimming their portfolio, AmeriCredit executives promised to slowly build their business back up. As of 2006, executives said they are witnessing the fruition of their efforts through an expansion of dealer relationships, an acquisition to increase the spectrum of credit […] [Read More]