DETROIT — GMAC Financial Services announced Wednesday that it is restructuring its North American auto finance business, which includes trimming about 15 percent of its workforce. The goal of this plan is to reduce costs, streamline operations and position the ... [Read More]

FARMINGTON HILLS, Mich. — Chrysler Financial hosted its fifth annual F&I Conference early this month, Feb. 11 to 15, and provided an overview of the event. Moreover, the company announced a new tool to benefit the customers of its franchised dealers. The ... [Read More]

MURRIETA, Calif. — Sekurus, the manufacturer of ON TIME, recently announced the introduction of iLocate, which offers benefits for both dealers and vehicle owners.  According to officials, the new device enables the dealers and owners of both new and pre-owned cars ... [Read More]

PORTLAND, Ore. — In addition to announcing that red flag rules compliance program, which was developed in collaboration with Hudson Cook, the company announced it is offering an online seminar to answer dealer questions about the new requirements. Red flag expert ... [Read More]

NORTHFIELD, Ill. — Many smaller dealerships won't be expanding any time soon, according to recent research. A Small Business Research Board study in the third quarter of 2007 found that only 24 percent of respondents indicated they would expand their dealerships in ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne announced recently that it has partnered with Black Book. As part of the deal, Black Book will provide its used-vehicle values for RouteOne to use in its Vehicle Values assessment tool, which has now reached more ... [Read More]

HANOVER, Md. — The National Automotive Finance Association announced the date and location as well as speakers and panel discussion topics for its 12th annual Auto Financing Conference. The conference will be held from June 4 to 6 at the Renaissance Worthington Hotel in Fort ... [Read More]

TEMPE, Ariz. — NowAuto Group recently reported results for the fiscal 2008 second quarter, which ended Dec. 31, 2007. Highlighting the report was a drop in revenue from the previous year but an improvement in gross margin and a decrease in ... [Read More]

IRVING, Texas — CitiFinancial Auto and Finance Express announced recently the addition of the auto lender to the Finance Express integrated platform.  "This agreement expands our program offerings to the independent dealer market," said Rajive Chadha, president of CitiFinancial Auto.  "What ... [Read More]

DAYTON, Ohio — Reynolds and Reynolds recently announced that the complete library of Chrysler Financial forms is now available to dealers via its F&I eForms solution. With the addition of all Chrysler financial forms, including all retail contracts and lease agreements, ... [Read More]