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NewsAugust 7, 2009

Union Leasing Announces Alliance with Innovative Funding Services

SCHAUMBURG, IL - Union Leasing, based in Schaumburg, Illinois has announced a strategic alliance with Innovative Funding Services (IFS) to provide remarketing and financing for clients and employees of those clients who purchase their company fleet vehicles.

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NewsAugust 7, 2009

Better Used-Vehicle Market Boosts GMAC's 2Q Results

NEW YORK — GMAC Financial Services said improvement in the used-vehicle market in the United States led to pre-tax income of $346 million in its global automotive finance division in the second quarter.

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NewsAugust 7, 2009

CarMax Laurel Toyota Donates More Than $50,000 to Maryland Organizations

RICHMOND, VA – CarMax, Inc., a retailer of used cars, announced CarMax Laurel Toyota has donated more than $50,000 to Laurel, Md. area nonprofit organizations.

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NewsJuly 30, 2009

Used Car Market Stable Yet Positive + Clunkers Program Begins

GAINESVILLE, GA – The used-car market continues to be active and strong with very good sales percentages at auctions.

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NewsJuly 30, 2009

SmartAuction Increases Service Options for Users

TROY, MI – SmartAuction is enhancing service offerings for dealers and wholesalers by adding AutoTransMart to its list of transportation providers for vehicles purchased from its industry leading upstream remarketing Web site.

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NewsJuly 30, 2009

Prospect Vision Expands Black Book Integration to Help Dealerships Leverage ‘Cash for Clunkers' Opportunity

GAINESVILLE, GA and HICKORY, NC – Prospect Vision, Inc., an innovator in equity-based marketing and data mining for automotive dealerships, announced they are expanding their integration with Black Book values.

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NewsJuly 30, 2009

In Memoriam: Lou Fischer, 1942-2009

DETROIT – After a battle with cancer, Lou Fischer passed away July 24. He was 66. A remarketing industry icon, Fischer was a mainstay in the remarketing and vehicle leasing business for the past 45 years.

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NewsJuly 30, 2009

CARQUEST and Gates Form Fleet Solutions Sales Force

RALEIGH, NC – CARQUEST Auto Parts and the Gates Corporation announced a partnership that will create a CARQUEST/Gates Fleet Solutions Sales Force representing CARQUEST fleet and heavy-duty product lines.

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NewsJuly 30, 2009

Approvals Improve for Prime and Near Prime; Fall for Subprime

BANDON, OR — Auto loan approvals improved in July for the prime and near prime markets, but shoppers in the subprime market continued their struggle to get approvals by conventional means.

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NewsJuly 30, 2009

GMAC Enlists CARL for Repossession Vendor Compliance Services

ST. LOUIS – Recovery Compliance Solutions, a provider of repossession compliance monitoring solutions, entered into an agreement with auto lending company GMAC Financial Services to maintain their repossession vendors for compliancy requirements throughout the U.S.

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