DALLAS — Although median family income continued on a downward slope in the first quarter, the total cost to buy and finance a new vehicle dropped at a much steeper pace, thanks largely to sharp declines in interest rates, according to Comerica ... [Read More]

LAS VEGAS — Executives representing various floor planners and financial institutions gathered on Wednesday to talk about how the industry is faring. Just what did they say? Taking the stage at the National Alliance of Buy-Here, Pay-Here Dealers conference was Scott ... [Read More]

POWAY, Calif. — First Advantage CREDCO introduced a new component to its Red Flag Solution that provides dealers with an automated means to draft, rollout, train and report on their identify theft programs required under the new Red Flags Rule. Red Flag ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced Tuesday that it has completed integration with VertiSEL, a company that offers programs to consumers who have had difficulties during the auto-financing process due to lack of credit access. Essentially, this integration will allow RouteOne dealers to ... [Read More]

LAS VEGAS — Tom Webb had some positive news to share at the National Alliance of Buy-Here, Pay-Here Dealers conference Tuesday. Manheim's chief economist said he is seeing some improvement in the near future in the labor sector, which coupled with ... [Read More]

LAS VEGAS — One of the speakers to generate a lot of audience interest Tuesday at the National Alliance of Buy-Here, Pay-Here Dealers conference was Ron Brown, general manager of CSI Group. His company is one of the oldest and largest ... [Read More]

LAS VEGAS — The general session for the National Alliance of Buy-Here, Pay-Here Dealers conference will start today with a focus on "Understanding the Current BHPH Marketplace." Offering the overview will be Tom Webb, Manheim's chief economist. "His president will help ... [Read More]

LAKE SUCCESS, N.Y. — Even though the company recorded a net loss in a difficult auto environment during the first quarter, DealerTrack officials said they anticipate that the company's overall 2009 earnings performance will be better than initially expected. More specifically, ... [Read More]

NEW YORK — On Monday, GMAC Financial Services confirmed capital requirements resulting from the Federal Reserve's Supervisory Capital Assessment Program. Basically, as part of this program, GMAC said by Nov. 9, it plans to increase the common shareholder equity component of ... [Read More]

HANOVER, Md. — A bill currently being considered by the U.S. Senate Judiciary Committee could prove to be harmful for subprime auto financing and for used-vehicle dealers, and the industry should be aware of its potentially "dangerous" impact, according to Tom Hudson, an attorney ... [Read More]