RANCHO SANTA MARGARITA, Calif. (July 3, 2006) — Finance Express, which operates an auto finance platform for independent dealers, announced it has hired Shannon Acton for the newly created position of vice president of direct lending. She will be responsible ... [Read More]

SCOTTSDALE, Ariz. — The Automotive Dealership Institute announced it has joined forces with Dealership for Life, which is a nationwide dealership customer loyalty and retention program. ADI offers a variety of courses covering the gamut of a dealer’s operations, while ... [Read More]

BANTON ROUGE, La. (June 29, 2006) — AppOne announced it has developed a Dealer Bootcamp to teach how independent dealers can use the company's platform to connect to lenders. The Dealer Bootcamp, which was created as part of the national ... [Read More]

BENTONVILLE, Ark. (June 28, 2006) — America's Car-Mart recently announced the opening of its newest dealership in Muscle Shoals, Ala. "This will be our second dealership to open in the state of Alabama," said T.J. 'Skip' Falgout III, chairman and ... [Read More]

SACRAMENTO, Calif. (June 26, 2006) — U.S. Bank announced it has named Tom Pritchard president of its dealer commercial services division. Before his promotion, he served as national market manager for the bank's dealer commercial services unit. Company executives said ... [Read More]

ORLANDO, Fla. (June 23, 2006) — MenuVantage recently announced it has enhanced its Web-based menu selling system to allow dealers to fine-tune each F&I product presentation for the specific payment needs of each customer. The new product rollback feature is ... [Read More]

RICHMOND, Va. (June 20, 2006) — CarMax announced Monday that its 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 ... [Read More]

TORONTO (June 19, 2006) — GMAC recently took first place in dealer satisfaction in retail leasing and floor planning, while BMW Financial Services grabbed the top rank in retail credit for the second consecutive year, according to J.D. Power and ... [Read More]

RICHMOND, Va. — CarMax announced that Thomas Folliard, current executive vice president of store operations, has been elected president, chief executive officer and member of the board of directors. Folliard succeeds Austin Ligon, who is retiring. Executives said Folliard, 41, ... [Read More]

LAKE SUCCESS, N.Y. — DealerTrack announced its net income for the first quarter reached $3.4 million, up 66 percent from $2.1 million posted in the same period of 2005. Company executives highlighted the fact that their transaction volume in the ... [Read More]