Auto Retail News
Customer Sues Used Car Dealer for Foul Smell
According to Detroit.CBSLocal.com, a used car dealer in Michigan is being sued by a customer who claims they bought a used car that was not cleaned properly. The story said the customer said after buying the 2006 Ford Expedition, the vehicle started
Dec 9, 2011
November Consumer Bankruptcy Filings Drop 12% from Last Year
Alexandria, Va.— U.S. consumer bankruptcy filings totaled 100,980 nationwide during November, a 12 percent decrease from the 114,587 total consumer filings recorded in November 2010, according to the American Bankruptcy Institute (ABI), relying on
Dec 9, 2011
AutoNation Enters Into New $1.7 Billion Credit Agreement
FORT LAUDERDALE, Fla. — AutoNation, Inc. announced that it entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility. The new credit agreement contains an accordion feature
Dec 9, 2011
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Vehicle Thieves Rarely Take a Holiday
DES PLAINES, Ill. — Once again, New Year’s Day was the leading holiday for reported vehicle thefts in 2010, according to an analysis by the National Insurance Crime Bureau (NICB). Christmas Day repeats as the holiday with the fewest re
Dec 8, 2011
AAPC Applauds Plan for Enhanced Manufacturing Trade Between the United States and Canada
Washington D.C. – The American Automotive Policy Council (AAPC) joined with other leaders of the North American manufacturing industry to applaud the announcement by President Barack Obama and Prime Minister Stephen Harper that the United States
Dec 8, 2011
Huntington Bank to Sponsor 2012 Indy Auto Show
COLUMBUS, Ohio — Huntington Bank has announced that it is a Platinum Sponsor of the 2012 Indy Auto Show being held December 26, 2011 through January 1, 2012 at the Indiana Convention Center. “Huntington is proud to support the Indy Auto Show,
Dec 8, 2011
PayNearMe Introduces PayNearMe Auto to Help BHPH Dealers Improve Cash Collection Rates
MOUNTAIN VIEW, Calif. — PayNearMe, the cash transaction network, today announced the release of PayNearMe Auto, a simple Web-based application that allows Buy Here Pay Here (BHPH) auto dealers to accept cash payments in an entirely new way. With Pa
Dec 8, 2011
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FordDirect Enhances Product Team with Promotions of Ryan Soffa and Fadi Aoude
DEARBORN, Mich. — FordDirect, a joint venture between Ford Motor Company and its franchise dealers, announced today the appointment of two executives – Ryan Soffa, senior vice president of product development and Fadi Aoude, senior vice p
Dec 8, 2011
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Ford Board of Directors Reinstates Quarterly Stock Dividend
DEARBORN, Mich. – The Board of Directors of Ford Motor Company today declared a quarterly dividend of 5 cents per share. “We have made tremendous progress in reducing debt and generating consistent positive earnings and cash flow,” said Bill F
Dec 8, 2011