Auto Retail News
Chase Partners with Aston Martin on New Financing Program
GARDEN CITY, NY – Chase Auto Finance and Aston Martin the Americas announced today an expansion of their relationship with Chase becoming the exclusive provider of financing for Aston Martin’s first U.S. retail subvention program. Chase’
Oct 21, 2011
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AutoNation’s Retail Used Vehicle Revenue Increased 7%
FORT LAUDERDALE, Fla. — AutoNation, Inc. (NYSE: AN),America’s largest automotive retailer, today reported 2011 third quarter net income from continuing operations of $71 million, or $0.48 per share, compared to net income from contin
Oct 21, 2011
AuctionTime.com Conducting 9 Online Auctions Through the End of 2011
LINCOLN, Neb. — AuctionTime.com, your source for farm equipment, construction equipment, truck and trailer online auctions, is hosting 9 online auctions on Wednesdays throughout the rest of 2011. Auctions end every Wednesday on AuctionTime.com
Oct 21, 2011
SideCars Inc. Offers a Clarification on Western Insurance Company’s Liquidation
JOPLIN, Mo. — SideCars, Inc., a leading reinsurance administrator for CPI program for dealers who operate their own captive insurance companies, released its statement today in light of recent news regarding Western Insurance Company’s c
Oct 21, 2011
Santander Incorporates New Partners in Santander Consumer USA and Realizes a Capital Gain of Approximately $1 Billion
BOSTON — On October 20, 2011, Santander Holdings USA, Inc. (“SHUSA”) and Santander Consumer USA Inc. (“SCUSA”), a majority-owned subsidiary of SHUSA, entered into an investment agreement (the “New Investor Investme
Oct 21, 2011
Asbury Automotive Group Announces New $900 Million Senior Credit Facility
DULUTH, Ga. — Asbury Automotive Group, Inc., one of the largest automotive retail and service companies in the U.S., today announced that it has entered into a new $900 million five-year syndicated credit facility with nine financial institutio
Oct 20, 2011
Deloitte Consumer Spending Index Sinks to Lowest Level Since May 2009
NEW YORK — The Deloitte Consumer Spending Index (Index) plunged in September to its lowest level since May 2009, primarily due to a significant fall in home prices and deterioration in real wages. The Index tracks consumer cash flow as an
Oct 20, 2011
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Environmental Organizations Asking Dealers to Stop Delaying New Fuel Efficiency Standards
WASHINGTON — The CEOs of eight top U.S. environmental, science and public interest organizations are calling on the National Automobile Dealers Association (NADA) to drop its efforts to delay new fuel efficiency and auto pollution standards. On
Oct 20, 2011
Chrome Systems’ PaymentDriver Solution Deployed by NADAguides
Portland, Ore. ─ Chrome Systems, Inc., a subsidiary of DealerTrack Holdings, Inc. (Nasdaq: TRAK), and a leader in managing automotive data, today announced that NADAguides, the largest publisher of vehicle pricing and information for new and used
Oct 20, 2011