BENTONVILLE, Ark. (June 28, 2006) — America's Car-Mart recently announced the opening of its newest dealership in Muscle Shoals, Ala. "This will be our second dealership to open in the state of Alabama," said T.J. 'Skip' Falgout III, chairman and ... [Read More]

SACRAMENTO, Calif. (June 26, 2006) — U.S. Bank announced it has named Tom Pritchard president of its dealer commercial services division. Before his promotion, he served as national market manager for the bank's dealer commercial services unit. Company executives said ... [Read More]

ORLANDO, Fla. (June 23, 2006) — MenuVantage recently announced it has enhanced its Web-based menu selling system to allow dealers to fine-tune each F&I product presentation for the specific payment needs of each customer. The new product rollback feature is ... [Read More]

RICHMOND, Va. (June 20, 2006) — CarMax announced Monday that its 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 ... [Read More]

TORONTO (June 19, 2006) — GMAC recently took first place in dealer satisfaction in retail leasing and floor planning, while BMW Financial Services grabbed the top rank in retail credit for the second consecutive year, according to J.D. Power and ... [Read More]

HANOVER, Md. (June 16, 2006) — More than 300 attendees, sponsors and exhibitors recently turned out for the National Automotive Finance Association’s 10th Annual Non-Prime Auto Finance Conference in Fort Worth, Texas. In his opening remarks, NAF Association Chairman John ... [Read More]

FORT WORTH, Texas (June 16, 2006) — AmeriCredit Corp. recently announced the recipients of its Auction of Excellence program for the first quarter. Winners include: Midwest: ADESA’s Des Moines Auto Auction in Grimes, Iowa Northeast: Harrisburg Auto Auction in Mechanicsburg, ... [Read More]

FORT WORTH, Texas — AmeriCredit announced it has funded its first Canadian auto loan and is working to re-establish itself as a competitor in the Canadian auto-lending market. In order to renew its lending business in the country, AmeriCredit said ... [Read More]

RICHMOND, Va. — CarMax announced that Thomas Folliard, current executive vice president of store operations, has been elected president, chief executive officer and member of the board of directors. Folliard succeeds Austin Ligon, who is retiring. Executives said Folliard, 41, ... [Read More]

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 ... [Read More]