DALLAS — Manchester and each of its subsidiaries recently announced that they have filed for protection under Chapter 11 of the Federal Bankruptcy Code. Rick Gaines, Manchester's newly appointed president and chief executive officer said, "Manchester filed for bankruptcy protection due ... [Read More]

LAKE SUCCESS, N.Y. — The National Auto Dealers Association's annual convention proved to be an extremely busy announcement time for DealerTrack. The company unveiled a new partnership with JMsolutions, enhancements to its InventoryPro solution, red flag compliance assistance, hitting a new ... [Read More]

SARASOTA, Fla. — The Leedom Group recently made an acquisition that could help push the company into the advertising and marketing sector, according to officials. The Leedom Group bought Horse Power Ads, a nationwide marketing and advertising company that has specialized in ... [Read More]

JUPITER, Fla. — RpmOne recently announced that its RpmOne Drive Card program is now accessible through the Internet. Dealer-customers can handle applications and sales transactions, as well and manage their Drive Card accounts through the Web, officials noted. In 2005, the ... [Read More]

SCOTTSDALE, Ariz. — The dates and workshop leader for the Automotive Dealership Institute's Automotive Financing School have been set, according to officials from The Banking Academy and The Asian Banker. The program will be led by professor Marguerite Watanabe, ADI's director of international ... [Read More]

CARMEL, Ind. — ADESA made a major move Thursday as officials announced it has acquired the Pennsylvania Auto Dealers' Exchange in York, Pa. According to officials, the facility is to be renamed ADESA PA and will help solidify the company's presence in the mid-Atlantic ... [Read More]

ATLANTA — Manheim Auto Financial Services announced today that it set a new record in 2007 — 1 million new-vehicle floor-planning originations.   To celebrate, MAFS leaders traveled to Manheim Nevada to personally reward the buyer of the 1 millionth unit. "If I could sum ... [Read More]

PROSPECT HEIGHTS, Ill. — HSBC Finance Corp.'s auto finance business recently announced an alliance with Peak5, a Flatiron Financial Services Co., to remarket Peak5 vehicles at the nationwide network of auctions used by HSBC. HSBC said it will offer its Seven-Day ... [Read More]

RANCHO SANTA MARGARITA, Calif. — Finance Express and Detroit Trading Co., recently announced that they have entered into an alliance. As part of the alliance, the companies said they will work together to create an exclusive private-label finance lead acquisition ... [Read More]

FARMINGTON HILLS, Mich. — RouteOne recently announced the addition of more enhancements to the adverse action compliance functionality within its Web-based credit application management system. The new functionality, which is provided free of charge, can allow dealers to search for applications ... [Read More]