WAYNE – MaximTrak Technologies, a leading systems developer for the retail automotive, motorcycle and powersports F&I industry, has completed the launch of its F&I Menu, Reporting and E-Contracting platforms with one of America’s largest and most well recognized motorcycle manufacturers and financing companies. MaximTrak was selected as the exclusive F&I software provider to help maintain … Read More »

SAN RAMON – MediaTrac, a provider of customer loyalty and retention programs for dealerships, said that San Antonio-based Ancira Nissan is achieving strong retention results by augmenting its Nissan One to One loyalty program with MediaTrac’s UltraCare retention program. Nissan One to One is an incentive program the OEM offers to encourage its dealers to … Read More »

AUSTIN – IAS, a provider of F&I aftermarket programs, has partnered with DataDot Dealer Services and will add its microdot theft deterrent system to the IAS anti-theft product portfolio, effective immediately. DataDots are a form of identification technology, which mark vehicles with their own DNA. Each microdot is the size of a grain of sand … Read More »

Ally Financial Inc., the auto and home lender preparing to go public, reported first-quarter profit fell 9.9 percent as income declined at its two core units. Net income declined to $146 million from $162 million in the same period a year earlier, Detroit-based Ally said today in a statement. The closely held company is 74 … Read More »

DETROIT – Chrysler Group LLC today was assigned credit ratings below investment grade, and below its Detroit competitors Ford Motor Co. and General Motors Co. Standard & Poor’s Ratings Services issued a B+ credit rating a day after the automaker reported its first quarterly profit since emerging from bankruptcy in June 2009, Automotive News reported. … Read More »

LOS ANGELES – Toyota executives expect U.S. sales to trail 2010 levels in the coming months as earthquake-related production cuts take a toll on the automaker’s vehicle supplies. The automaker has been forced to slash vehicle output in North America and in Japan after the March 11 Japanese earthquake and tsunami ravaged its supplier network. … Read More »