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]

FORT WORTH, Texas (July 3, 2006) — After making some tough decisions in 2003 and trimming their portfolio, AmeriCredit executives promised to slowly build their business back up. As of 2006, executives said they are witnessing the fruition of their ... [Read More]

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]