News

January 15, 2008 - RED MOUNTAIN ACQUISITION ACQUIRES CUSTOMERFUNDING.COM, INC.
Red Mountain Acquisition, a privately held corporation, announced today that it has acquired CustomerFunding.com, a leader in lead generation and automotive marketing. Terms of the transaction were not disclosed. Full Press Release

June 27, 2006 - CustomerFunding.com, Inc. Launches CarCareONE Loyalty Program
The CarCareONE credit card and loyalty program, sponsored by CustomerFunding.com, will provide dealer partners with a turn-key credit program that can increase profits, help close sales, and generate repeat business for participating dealers.

Complete our easy start up form or call 877-784-1030 for pricing and details. Full Press Release

Request More Information On The Car Care ONE Program

June 5, 2006 - CustomerFunding.com, Inc. / Ideal Auto Marketing Announce Corporate Headquarter Relocation

CustomerFunding.com, Inc. announce their Corporate Headquarter expansion and relocation from 8930 South Beck Ave, Suite 112, to 914 South 52nd Street, Tempe, AZ, 85281. Full Press Release

January 15, 2006 - CustomerFunding.com Launches Ideal Auto Marketing

Ideal Auto Marketing is the automotive marketing division of CustomerFunding.com, Inc specializing in referring real car buying customers to our participating dealer network. Ideal Auto Marketing provides participating network dealers with the same superior marketing services that they have come to expect from CustomerFunding.com, Inc.   Full Press Release

Auto Dealer Monthly: Figures Never Lie
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Auto Dealer Monthly: Avoiding Analysis By Paralysis In Special Finance
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Auto Dealer Monthly: Ingredients For Success
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Auto Dealer Monthly: When Opportunity Knocks, Answer
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Auto Dealer Monthly: Making a Great Internet Department
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Auto Dealer Monthly: Challenges Turn To Gold in Special Finance
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Auto Dealer Monthly: The 11th Commandment For Your Internet Department
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Auto Dealer Monthly: Turning Inventory Every 30 Days
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• Interest Rate Roundup - Here are the latest interest rates and commentary on five common consumer banking products from Bankrate.com's weekly national survey of large banks and thrifts.

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• Senators reach bipartisan deal on auto industry bailout (BizJournals) - A group of U.S. senators have reached a bipartisan agreement on a bill to support the auto industry. Details of the possible bailout for automakers is expected to be announced today, according to a representative of U.S. Sen. George Voinovich, R-Ohio. (GM) (F)
• Tough Times For Auto Industry In Detroit And Buffalo (WGRZ-TV Buffalo) - Paddock calls it an unfortunate sign of the times which are effecting more than just auto dealerships like his. "To be honest with you I don't know what business isn't feeling the effect of the current state of the economy," Paddock said.
• Bad economy, credit crunch leave auto dealers struggling (The Daily Record) - Simply put, October 2008 is a month auto dealers and manufacturers would rather forget. Nationwide, sales plummeted nearly 25 percent compared to a year earlier. Detroit's "Big Three" of Ford, General Motors and Chrysler LLC reported a combined loss of $3.29 billion for their most recent quarters.
• Dealers await fate of auto industry (Great Falls Tribune) - Detroit is more than 1,700 miles away from central Montana, but if Congress refuses to throw a lifeline to the big three automakers based there, repercussions will be felt in the Treasure State, several auto dealers say.
• GMAC's Inside-Out TARP (Forbes) - Auto-finance firm seeks to become a bank so that it can access government funds -- which it needs to become a bank.
• Lancelot's Hedge Funds Reach $8 Million Loan Accord (Update1) (Bloomberg) - Nov. 18 (Bloomberg) -- Five hedge funds owned by Lancelot Investment Management LLC that are liquidating in federal bankruptcy court agreed to accept $8 million from Texas Auto Brokers LLC to settle an $11 million debt.
• US Auto Execs Plead For Help Before House Committee (CattleNetwork.com) - WASHINGTON (Dow Jones)--Executives of Detroit's Big Three auto makers embarked on a second day of intense lobbying on Capitol Hill, telling a U.S. House committee Wednesday that the domestic automobile industry could collapse without emergency assistance from the government.
• Banks, auto dealers team up to promote loan availability (Rochester Democrat and Chronicle) - Both dealers and bankers acknowledged they are concerned by a sharp fall-off in business coinciding with a slowdown of the U.S. economy.
• Obama staying out of auto-bailout debate (The Washington Times) - Summary: President-elect Barack Obama will not intervene in the congressional fight over whether and how to aid the nation's beleaguered Big Three automakers, a top Senate Democrat said Wednesday.
• TOM WALSH: Auto firms, UAW need to charm, not drone (Detroit Free Press) - Over and over, as I watched Rick Wagoner, Alan Mulally, Bob Nardelli and Ron Gettelfinger stumble and pause their way through two days of erratic questioning by U.S. Senate and House committees in Washington, D.C., I kept thinking the same thought. These guys don't get it.

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