DEARBORN, Mich. (July 21, 2006) — Ford Motor Credit announced it earned a net income of $441 million in the second quarter of 2006, which is down $299 million from $740 million earned in the same period of the prior ... [Read More]

HOUSTON (July 20, 2006) — Auto Financial Group, an online provider of residual-based financial products for credit unions, announced it has teamed up with Credit Union Acceptance Co. Under the deal, CUAC will offer AFG's Driving Sense vehicle balloon financing ... [Read More]

LOS ANGELES, Calif. (July 19, 2006) — PriceGrabber.com announced an enhancement to its Autos channel that gives dealerships the opportunity to showcase pre-owned inventory on its network of sites. According to company executives, dealerships can now easily publish pre-owned inventory ... [Read More]

HOUSTON, Texas (July 19, 2006) — The National Alliance of Buy-Here, Pay-Here Dealers announced it will host a two-day collection academy in Atlanta on Jan. 10-11, at the Manheim DRIVE facility. Ken Shilson, CPA and NABD president, said the curriculum ... [Read More]

RICHMOND, Va. — CarMax's total first-quarter sales grew 19 percent to $1.89 billion from $1.58 billion in the same period of fiscal 2006. Moreover, comparable-store used unit sales increased 6 percent, according to company executives. Executives attributed the improvement to ... [Read More]

LAKE SUCCESS, N.Y. — In recent announcements, DealerTrack said its network is now offering lead management systems, with InterActive Financial Marketing Group, provider of Carloan.com, Autoloan.com and (800) AUTO-LOAN, the most recent addition, joining Bar None and BlueSky Marketing Group. ... [Read More]

SACRAMENTO, Calif. (July 14, 2006) — California DMV taskforces are currently visiting dealerships throughout the state to ensure they are in compliance with the Car Buyer's Bill of Rights, which went into effect July 1. Mike Macaulay, an independent car ... [Read More]

GARDEN CITY, N.Y. (July 14, 2006) — Chase Auto Finance Corp. announced Thursday that it will be opening a full-spectrum Seattle business center this month, which is designed to expand the company's services and better help area car dealers offer ... [Read More]

BENTONVILLE, Ark. (July 7, 2006) — Gross profits for America's Car-Mart fell 2 percent for fiscal year 2006 due to higher vehicle costs and higher expenses in preparing units for sale, company executives reported Thursday. Cart-Mart's income for the year ... [Read More]

FARMINGTON HILLS, Mich. (July 5, 2006) — RouteOne recently announced it has signed its 100th lender, signaling a 40-percent increase in the number of finance sources available since January. "The quality of our 100 lending partners is especially noteworthy," said ... [Read More]