PassTime and Megasys announced the companies have completed a software integration project. With the new integration project complete, customers will be able manage their PassTime GPS products using the Megasys…
The auto finance default rate fell to 0.99 percent in April from 1.05 percent in March. The S&P/Experian Consumer Credit Default Indices shows that the overall composite rate decreased to…
A recent study of consumer trust was bad news for CarMax Inc. The Temkin Group’s 2018 Temkin Trust Ratings finds that CarMax was one of eight companies that declined by…
Like many people, Eugene Rubinchuk, general manager of Michael's Auto Plaza in East Greenbush, N.Y., first started paying attention to Bitcoin when it shot up in price last fall. Rubinchuk…
The Michigan Secretary of State announced that Patsy Lou Chevrolet in Flint Township has had its dealer license suspended for 15 days because of repeated violations, found as a result…
Carvana Co. saw its net loss margin improve to 14.6 percent in the first quarter, from 24.2 percent in the same period a year ago. Net loss was $52.7 million,…
Ally has signed an agreement with Sonic Automotive Inc. to provide vehicle service contracts (VSCs) and guaranteed asset protection (GAP) coverage for the group's EchoPark dealerships in Colorado and Texas.…
A Louisiana car dealer was sentenced to 15 months in prison for defrauding a local credit union out of $177,000. Larry Wayne Toms Jr. was sentenced on one count of…
Credit Acceptance Corp. announced consolidated net income of $120.1 million for the first quarter, compared to consolidated net income of $93.3 million for the same period in 2017. Credit Acceptance…