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NAC (formerly National Auto Care), a provider and administrator of vehicle service contract products and services, has joined OptionSoft’s menu provider platform.
Read More →With its strategy to plug up its leaking mortgage unit taking hold, GMAC Financial Services swung to its first profitable quarter since the fourth quarter of 2008. The company also announced its intention to change its name on May 10, with company officials saying the focus going forward will center on the lender’s auto franchise.
Read More →F&I and Showroom magazine is proud to announce the selection of Forrest Heathcott, president of JM&A Group and executive vice president of JM Family Enterprises, as a keynote speaker for the 2010 F&I Conference and Expo.
Read More →Auto/Mate Dealership Systems has completed two key integration points between its Automotive Management Productivity Suite and Mazda North American Operations’ dealership communication system.
Read More →Subprime lender Credit Acceptance Corp. reported year-over-year improvements in net income and revenue for the first quarter of 2010. The company also added several new dealer partners and reported gains in loan volume and average loan volume per dealer.
Read More →Retail auto sales continued their strong performance in April, as all domestic and foreign automakers reported increases in their sales volumes.
Read More →Today’s Dealer Solutions, a training and solutions provider, will present the Championship Sales and Networking Summit in Chicago on May 18-19. This event will have a split curriculum tackling issues related to sales and networking processes. Headlining the two-day event are trainers John Lane and David Johnson.
Read More →Finance company Exeter Finance Corp. secured a $100 million line of credit with Wells Fargo Bank N.A. The credit facility will provide substantial capital for the growth of Exeter's loan portfolio and enable expansion of its branch network this year.
Read More →Gus Johnson Ford in Spokane, Wash., boosted its service-department revenue to $50,000 per month after it used LoyaltyTrac, a service-retention program created by MediaTrac.
Read More →Edmunds.com estimated that the average automotive manufacturer incentive in the U.S. was $2,654 per vehicle sold in April 2010, down $152, or 5.4 percent, from March 2010, and down $403, or 13.2 percent, from April 2009.
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