Auto Retail News
Consumer Bankruptcy Filings Down 10% Through Nine Months of 2011
Alexandria, Va. — U.S. consumer bankruptcy filings totaled 1,044,722 nationwide during the first nine months of 2011 (Jan. 1-Sept. 30), a 10 percent decrease from the 1,165,172 total consumer filings during the same period a year ago, according to
Oct 13, 2011
1 Millionth Chrysler Group Certified Pre-Owned Vehicle Sold By Illinois Dealer
Auburn Hills, Mich. – A 21-year-old kennel manager from the greater Chicago area is the 1-Millionth customer to purchase a Chrysler Group LLC Certified Pre-Owned Vehicle (CPOV). Jessica Taskay purchased a Certified Pre-Owned 2010 Jeep® Patriot
Oct 13, 2011
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U.S. Chevrolet, Buick, GMC and Cadillac Certified Pre-Owned Year-to-Date Sales Increase in September
Through the month of September 2011, Chevrolet, Buick, GMC and Cadillac Certified Pre-Owned dealers report a 2 percent increase of vehicle sales, reaching 231,349 units, compared to September 2010. Combined sales of certified pre-owned vehicles rea
Oct 13, 2011
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AutoTrader.com Introduces Android App to Create a Seamless “PC-to-Pocket” Experience for Car Shoppers
ATLANTA — AutoTrader.com has released a free app to give Android users a powerful and personalized mobile car shopping experience. Using the Android app, shoppers can find cars and dealers near them, utilize location-based features and access e
Oct 13, 2011
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Manheim Used Vehicle Index Falls for Fourth Straight Month
Manheim Consulting’s monthly auto industry brief reported September 2011 wholesale used vehicle prices decreased for the fourth consecutive month down to 122.9. The Manheim Used Vehicle Value Index is still up 3.4% (122.9) over September 201
Oct 13, 2011
Stan Masamitsu, Tony Group Autoplex
For Tony Group Autoplex, just about everything a dealership needs to operate – from pre-owned inventory to parts – is 2,500 miles away. Everything costs more. There’s no such thing here as a road trip, yet sell vehicles this auto group does and
Oct 13, 2011
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August used truck prices higher than expected
According to the latest edition of Guidelines, NADA Used Car Guide’s monthly market update, August used truck prices higher than expected. Click here to access the full report. Highlights from this month’s edition include: September new v
Oct 13, 2011
Huntington Expands Auto Dealer Financing Business Into Wisconsin And Minnesota
COLUMBUS, Ohio — Huntington has announced that it is expanding its successful auto dealer financing business into Wisconsin and Minnesota. “We have top market share in many of the states we serve, and auto dealers in Wisconsin and Minnesota wan
Oct 13, 2011
Credit Acceptance Announces Completion of $200.5 Million Asset-Backed Financing
Southfield, Michigan — Credit Acceptance Corporation (the “Company”, “we”, “our”, or “us”) announced the completion of a $200.5 million asset-backed non-recourse secured financing (the “Fin
Oct 13, 2011