Auto Retail News
SNAAC Sells to Investor Group and Secures Expanded Credit Facilities
CINCINNATI – Security National Automotive Acceptance Corporation (SNAAC) announced today that it has closed on the sale of the company and its TriStar insurance affiliates to a group of private investors. The existing senior management team, headed
Oct 27, 2011
Survey: Younger Automobile Buyers Not as Brand Loyal as Older Counterparts
New York – During the past decade, automobile manufacturers have experienced a steady decline in customer loyalty for specific brands. This change signals the need for a new approach to marketing automobiles in the future according to a new survey
Oct 27, 2011
Ally Financial Receives Auto Finance Excellence Award
DETROIT — Ally Financial has been honored with a 2011 Auto Finance Excellence Award for its notable success and contribution to the auto finance industry. The award was presented today at the annual Auto Finance Summit by Auto Finance News. A
Oct 27, 2011
AutoPartsDirectToYou Increases Revenue Eightfold on eBay and Amazon with ChannelAdvisor’s Marketplaces Solution
Research Triangle Park, NC – ChannelAdvisor, a global e-commerce platform provider that enables retailers to sell more across online channels, today announced that AutoPartsDirectToYou, an automotive replacement parts retailer, has increased its
Oct 27, 2011
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Edmunds.com Projects October sales will come in at 1,033,257 for a monthly SAAR of 13.4 million
SANTA MONICA, Calif. — An estimated 1,033,257 new cars will be sold in October, for a projected Seasonally Adjusted Annual Rate (SAAR) of 13.4 million units, forecasts Edmunds.com, the premier online resource for automotive information. This sal
Oct 27, 2011
Is your Team Playing Aggressive Defense?
It has been said many times that “offense wins games, but defense wins championships.” Following the football analogy within the business context, we could equate offense to the generation of sales revenues and the defensive component of business
Oct 27, 2011
Leading Automotive Financing and Insurance Companies Put BillFloat in the Driver’s Seat to Deliver a New Payment Option for Their Customers
SAN FRANCISCO — BillFloat, Inc., the nation’s only bill payment provider to give consumers more time to pay when they need it, announced today that more than 1 million consumers can choose to use BillFloat for their monthly car payment or
Oct 27, 2011
Ford Credit Earns $350 Million Net Income in Third Quarter of 2011
DEARBORN, Mich. — Ford Motor Credit Company reported net income of $350 million in the third quarter of 2011, a decrease of $147 million from a year earlier. On a pre-tax basis, Ford Credit earned $581 million in the third quarter and $
Oct 27, 2011
TrueCar.com: Used Car Sales Estimated to be up 5.7% from 2010
SANTA MONICA, Calif. — TrueCar.com, the authority on new car pricing, trends and forecasting, today released its October 2011 sales and incentives forecast. The forecast shows the following: For October 2011, new light vehicle sales in t
Oct 27, 2011