DETROIT (July 28, 2006) -- The ebb and flow of market fluctuations within the remarketing industry are part of the reason GMAC's Automotive Finance operations recently reported lower earnings for the second quarter when compared to same period a year ago. GMAC simply had fewer units being remarketed during the quarter,... Read More

CIADA Breaks Ground on New Headquarters

HARRISBURG, N.C. (July 27, 2006) -- The Carolinas Independent Automobile Dealers Association announced it just broke ground on a new 9,000-square-foot headquarters in Harrisburg, N.C. "Due to our association's growth and increase in employees, we've been stacked one upon each other for several years,"... Read More

Leedom to Host 11th Annual BHPH Conference

SARASOTA, Fla. (July 25, 2006) -- Leedom and Associates announced it will host the 11th Annual National Special Finance and Buy-Here, Pay-Here Conference at Caesars Palace Oct. 8-10. Two education tracks are offered during the three-day event. The first track focuses on special finance, while the second places the... Read More

LAKE SUCCESS, N.Y. (July 25, 2006) -- DealerTrack Aftermarket Services announced that Universal Warranty Corp. has joined DealerTrack's Aftermarket Network. UWC is a leading provider of vehicle service contracts and other F&I products. According to executives, the DealerTrack Aftermarket Network offers real-time... Read More

AppOne Creates Product Marketplace

BATON ROUGE, La. (July 24, 2006) -- AppOne announced it has introduced a Product Marketplace to give third-party vendors the opportunity to connect with the company's network of independent dealers. The Product Marketplace is an online forum for selling products associated with the sale of vehicles. Participating... Read More

Ford Motor Credit Earns $441 Million in 2Q

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 year. Meanwhile, Ford Motor Co. reported a net loss of $123 million for the quarter, as compared to a... 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 product to credit unions and their members. According to... Read More

NABD to Host BHPH Collection Academy

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 has been finalized and the instructors are selected for the... Read More