DealerTrack announced late Monday that it is selling ALG to TrueCar. As part of the deal, DealerTrack will continue to have access to certain ALG intellectual property or data in its products and services, with a perpetual, royalty free license. Interestingly, management of both companies describe the transaction as a tax-free reorganization. For the sale […] [Read More]

Dollar Thrifty Automotive Group has asked its suitors — Hertz and Avis Budget Group — for their best and final acquisition offers. It appears to be an effort by the company’s president and chief executive officer to speed along a process which has lasted more than a year.  Scott Thompson tipped off the suitors of […] [Read More]

To reward loyal customers with such perks as sales and service discounts at the dealership, Mercedes-Benz USA, its financial arm, and American Express have rolled out two new co-branded credit cards that include an array of awards for the luxury automaker’s clientele. It was also announced Monday that the automaker has signed on to American […] [Read More]

License plate recognition technology provider Digital Recognition Network recently finished up a full and robust integration with iRepo, a provider of e-commerce recovery management solutions to the auto finance and recovery service industries. Officials explained the integration is meant to enable iRepo users to fully utilize DRN’s national LPR platform, making it possible to have […] [Read More]

RouteOne Canada revealed recently that it has added a new lender to its online credit application management system. Joining the RouteOne Canada network is General Bank of Canada, which is based out of Edmonton. “RouteOne Canada is extremely pleased to have General Bank join our platform,” stated RouteOne Canada president Barry McMillan. “The addition of […] [Read More]

In light of KAR Auction Services’ announcement that it is acquiring OPENLANE, both companies have issues to work through as they finalize this deal and gain regulatory approval. Among these challenges, is that OPENLANE owns Recovery Database Network and KAR owns PAR North America, both working in the recovery and repossession space. In an effort to clear up some […] [Read More]

Dealers are already challenged in their used-car operations from the lack of end-of-term lease volume, and the popular theory is that it will only get leaner in the coming months due to impact of the leasing erosion that began in late 2008. The dry-up in off-lease volume is expected to last for quite some time, […] [Read More]

Hertz Global Holdings revealed early this week that it has received a request for additional information from the Federal Trade Commission regarding the proposed acquisition of Dollar Thrifty Automotive Group. Officials noted the request was issued under notification requirements of the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended. According to the FTC, Hart-Scott-Rodino basically […] [Read More]

As the Hispanic population in the U.S. continues to grow rapidly and becomes even more influential in the auto market, Dealer Services Corp. of Indiana is hoping to reach out increasingly more to these used-car dealers by rolling out a new Spanish version of its corporate website. As reported in Auto Remarketing last year, the […] [Read More]

Allied Finance Adjusters handed out a half dozen awards during its annual convention, honoring various categories of repossession achievement. Presented by president George Badeen, this year’s winners included: —Paul J. Leleu Achievement Award: Carl Purvis, Federal Auto Recovery of Atlanta. Allied officials explained this award exemplifies a member’s loyalty, harmony and integrity to the organization, its […] [Read More]