SARASOTA, Fla. — Leedom Group has named its senior vice president of dealer operations. Taking on this position is Jerry "Butch" Moore, who will oversee five of the company's buy-here, pay-here dealerships in Florida and Georgia. These five locations sell more than ... [Read More]

WASHINGTON, D.C. — After falling drastically earlier this year, interest rates for new-car loans at auto finance companies climbed at a steady pace during the second quarter. In fact, during June, the rate rose to 3.88 percent, up from 3.47 percent ... [Read More]

OXNARD, Calif. — CalAmp Corp. has launched an agent reseller program for its Aercept-branded GPS tracking solutions. As authorized Aercept agents, independent sales professionals can offer the branded GPS tracking units to new dealerships, buy-here, pay-here used-car dealerships and financing companies. ... [Read More]

McLEAN, Va. — NADA Used Car Guide announced this week it has been tapped to provide used-vehicle values for a newly launched product by DealerTrack Inc. that is designed to enhance lenders' efficiency and further streamline the auto lending process. Basically, ... [Read More]

HERNDON, Va. — With the Senate expected to approve additional CARS funding today, Audi hopes to drive even more consumers into showrooms to take advantage of this program by adding its own cash for clunker perk. On select models, consumers will now receive ... [Read More]

MINNEAPOLIS and BATON ROUGE, La. — Wolters Kluwer announced the enhancement of its indirect lending business unit over the past week with the addition of a new director of sales and the integration of new technology. The company named David Reynolds as its new ... [Read More]

FORT WORTH — After continuously scaling back originations and dealer partnerships to match the difficult credit environment, AmeriCredit announced a turnabout Wednesday. Management said it's confident enough to ramp back up originations to $300 million by December 2009. To support these ... [Read More]

DALLAS — The American Recovery Association announced its partnering with the Digital Recognition Network to use its License Plate Recognition technology at an "extremely" discounted rate for members. The tiered pricing, which can be obtained by e-mailing Les McCook at les@americanrecoveryassn.org or ... [Read More]

NEW YORK — In a bit of positive news, GMAC reported today that its auto finance business reported a pre-tax income of $346 million, compared with a pre-tax loss of $709 million a year ago. "Results were driven primarily by improvement in ... [Read More]

CARMEL, Ind. — More than halfway through 2009, J.D. Byrider said its portfolio is showing an improved performance over the same period of 2008. Moreover, the company announced it will open three new stores in the coming months, one company-owned location ... [Read More]