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February 12, 2008 - Industry News

Dealerskins Introduces New CarScout Tool for Car Buyers

Dealerskins recently announced the release of CarScout, a sophisticated automated-response system that notifies customers when requested inventory becomes available.

February 12, 2008 - Industry News

Ford Motor Credit Adopts Nomis Solutions

Nomis Solutions recently announced it is providing Nomis Price Optimizer for Auto Finance to the Ford Motor Credit Company, the finance arm of Ford Motor Company.

February 11, 2008 - Industry News

Sekerus Introduces New iLocate System

Sekurus, Inc., the manufacturer of On Time starter interrupt systems, today announced the introduction of iLocate, an innovative global positioning system (GPS) that also utilizes the latest in digital cell phone technology.

February 11, 2008 - Industry News

Infonizer and AppOne to Use AppOne's DocOne Engine

AppOne and Infonizer North America recently announced that Infonizer and Microsoft have entered into Memoranda of Understanding to use DocOne.

February 11, 2008 - Industry News

Experian Automotive AutoCount feature helps dealers with marketing campaigns

Experian Automotive recently announced new mapping capabilities to its AutoCount Dealer Report to help auto dealers make more targeted marketing decisions.

February 11, 2008 - Industry News

Study finds nearly 35 percent of car-owning households have at least three vehicles

In a study of households with at least one vehicle, Experian Automotive, found that households with three or more cars are the single largest group among American car owners.

February 11, 2008 - Industry News

CitiFinancial Auto and Finance Express Announce Agreement that Adds Lender to Integrated Platform

CitiFinancial Auto and Finance Express announced today the addition of the auto lender to the Finance Express integrated platform.

February 11, 2008 - Industry News

AFCD to Promote AFCD Dealer Desktop Powered by Nowcom

Nowcom Corporation, one of the leading providers of dealer management solutions for the independent auto dealer, announced today that AFCD will actively promote a fully integrated dealer management system (DMS), Dealer Desktop developed by Nowcom, to dealers in select US markets.

February 8, 2008 - Industry News

Conference of Automotive Remarketing (CAR) 2008 Program Announced

The Conference of Automotive Remarketing reports a strong lineup of speakers for the upcoming conference, March 26-27 at Caesars Palace in Las Vegas.

February 8, 2008 - Industry News

Westlake Financial Redesigns Website in time for NADA Convention

Westlake Financial Services announces the launch of its newly redesigned website to coincide with the NADA Convention in San Francisco, California, February 9 -12.

February 5, 2008 - Industry News

InterActive Financial Marketing Group to unveil quality control feature at NADA

InterActive Financial Marketing Group (IFMG) will unveil a real-time quality control feature for its Internet lead management system, DOLLAR, at the NADA Convention and Expo, Feb. 9-12, in San Francisco.

February 5, 2008 - Industry News

Reynolds and Reynolds Former Vice Chairman Finbarr O' Neill Joins OneCommand Board of Directors

OneCommand, formerly known as CallCommand, recenlty announced that auto industry veteran Finbarr O'Neill, the former Vice Chairman of Reynolds and Reynolds, has joined the company's Board of Directors.

February 5, 2008 - Industry News

DataScan Technologies Enters China with Next Generation of its Wholesale Financing Solutions

DataScan Technologies LLC (DataScan), provider of automotive wholesale finance accounting and risk management systems, today announced its entrance into China's automotive market with a new, robust version of its wholesale loan accounting suite.

February 5, 2008 - Industry News

Navigation Capital Partners Invests 20 Million in Exeter Finance Corp.

Navigation Capital Partners, an Atlanta-based private equity firm, recently announced an equity investment of up to $20 million in Exeter Finance Corp.

February 5, 2008 - Industry News

Chargeoffs Hit Wells Fargo, Chase, Capitol One Bottom Lines

Three non-captive lenders felt the impact of larger chargeoffs in their auto portfolios, with Capital One reporting quarterly and annual losses, and profits down at Wells Fargo and Chase.

January 29, 2008 - Industry News

Kar Holdings Starts New Company Aimed at Independents

Kar Holdings Inc. recently announced the start of a new company targeted at independent dealers.

January 29, 2008 - Industry News

Cars.com to Unveil New Campaign in Super Bowl Debut

Cars.com, an online destination for car shoppers, announced today that it will leverage its February 3 Super Bowl debut to kick off an all-new integrated marketing campaign, "Car Shopping Confidence."

January 29, 2008 - Industry News

CMCDA Reports California Auto Market Worst Since 1999, Not Heading for Collapse

The California Motor Car Dealers Association recently announced that 2007 was the worst year for the California automotive market since 1999.

January 29, 2008 - Industry News

Finance Express Adds Barnett Finance to Its Lender Platform

Finance Express, which operates an online auto finance platform specifically designed for the independent automotive used-car dealer, has added Barnett Finance to its lender platform. Barnett Finance currently serves North Carolina and Virginia, with plans to expand to other states in the near future.

January 29, 2008 - Industry News

Resurgent Auto Finance Selects Fiserv Automotive Solutions for Loan Origination, Remarketing Services

Fiserv Inc., a leading provider of technology solutions, announced that Greenville, S.C.-based Resurgent Auto Finance now uses Fiserv Automotive Solutions' loan origination system and decisioning technology in its nonprime auto financing business.

January 29, 2008 - Industry News

National Buy Here, Pay Here Conference Announced for May

The National Alliance of Buy Here, Pay Here Dealers (NABD) recently announced that it will hold its 10th Annual National Conference on May 6–8, in Las Vegas, Nevada.

January 29, 2008 - Industry News

Study Shows Auto Dealers Predict Modest Increase in 2008 Credit Needs

More small auto and other vehicle dealers participating in a Small Business Research Board (SBRB) poll will seek increases in their lines of credit during 2008, with nearly one-third planning to ask their principal lender to raise their loan limits.

January 22, 2008 - Industry News

ADI Completes First Round of Dealership Workshops

The first of the dealership-exclusive workshops hosted by the Automotive Dealership Institute (ADI) concluded with great attendance.

January 22, 2008 - Industry News

Feds Cut Rate on Weakening Economic Outlook

The Federal Open Market Committee has decided to lower its target for the federal funds rate 75 basis points to 3.5 percent.

January 22, 2008 - Industry News

Bankruptcy Report: Increase Over 2006, Experts Say More to Come

The 4th quarter of 2007 continued the steady up trend in the bankruptcy markets, according to a press release from www.OnlineBKmanager.com.