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Operationsby StaffAugust 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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Operationsby StaffAugust 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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Operationsby StaffAugust 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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Operationsby StaffAugust 7, 2009

NHTSA Amended Its Rule Implementing the CARS Program

WASHGINTON – The National Highway Traffic Safety Administration (NHTSA) amended its rule implementing the CARS program. Dealers may now choose to disable the engine of the trade-in vehicle after they receive payment from the government for the credit.

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Operationsby StaffAugust 7, 2009

Delayed Enforcement of 'Red Flags' Rule Until November 1

WASHINGTON – To assist small businesses and other entities, the Federal Trade Commission (FTC) staff will redouble its efforts to educate them about compliance with the "Red Flags" Rule and ease compliance.

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Operationsby StaffAugust 7, 2009

Kbb.com Visitation Reaches All-Time High: 618,000+ Visits in One Day

IRVINE, CA - Kelley Blue Book, a provider of new- and used-car information, announced an all-time traffic high for its top-rated consumer Web site, with more than 618,000 visits to kbb.com on July 13.

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Operationsby StaffAugust 7, 2009

In Memoriam: Michael Sheinson

DELRAY BEACH, FL - Michael Sheinson, founder and CEO of FLD, Inc., passed away Aug. 2.

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Operationsby StaffAugust 7, 2009

Clunkers, Weekly, 30 Day & 90 Day Trends

GAINESVILLE, GA – The last several days have seen the implementation of CARS (or the Cash for Clunkers program) and talk of a subsequent suspension after less than a week.

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Operationsby StaffJuly 30, 2009

Kbb.com's 'Cash for Clunkers' Calculator Features Comprehensive Consumer Resources

IRVINE, CA - Kelley Blue Book, a provider of new-car and used-car information, announced an addition to its Cash for Clunkers Calculator on the company's top-rated Web site

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Operationsby StaffJuly 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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