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Auto Loan Originations Now Consistent With Pre-Recession Levels

ATLANTA — Equifax’ most recent national, monthly report on automotive consumer credit trends continues to indicate positive news for the industry, with January – June 2011 new auto loan originations up 15 percent over the same period in
Oct 6, 2011

Porsche Pre-owned Year-to-Date Sales Up 15%

For the month of September 2011, Porsche’s Approved Certified Pre-Owned vehicle sales were 714, compared to 619 last year. The year-to-date total is 6,597, compared to 5,645 in the previous year – a 15% increase.
Oct 6, 2011

Chrysler Group Offers Introductory Incentives on Certain 2012 Models

Auburn Hills, Mich. – Chrysler Group LLC announced introductory incentives on certain 2012 Chrysler, Jeep®, and Ram Truck models. Chrysler Group is offering $500 in Customer Cash to qualified consumers who purchase a 2012 Chrysler Town &
Oct 6, 2011
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ADP Dealer Services’ Cobalt Releases ADP PowerSEO

Hoffman Estates, IL —  Cobalt / ADP Digital Marketing, a business unit of ADP Dealer Services today announced, as part of its suite of power products, the immediate availability of its PowerSEO service and tiered enhanced reporting for Cobalt
Oct 6, 2011

Direct Auto Loan Delinquencies Rise

WASHINGTON – Consumer delinquencies continued to move higher in this year’s second quarter, with nine of eleven loan categories showing slightly higher delinquencies amid weak job creation and a slowing economy, according to the American Bankers
Oct 6, 2011

KAR Announces Closing of OPENLANE Acquisition

Carmel, IN – KAR Auction Services, Inc. announced that it has successfully completed the acquisition of  OPENLANE, Inc. OPENLANE is a North American  online automotive auction company that provides a market for online buyers and sellers of wh
Oct 6, 2011

Mercedes-Benz CPO Sales Down 8.6%

The Mercedes-Benz Certified Pre-Owned (MBCPO) program sold 5,707 vehicles in September 2011, a decrease of -8.6%.  On a year-to-date basis, MBCPO sold 57,359 vehicles, a decrease of -5.9% over the comparable period last year.
Oct 6, 2011

Pandora Hits the Road with Toyota

OAKLAND, Calif. — Pandora, the leading personalized radio service, revealed that automotive partner Toyota is now offering an embedded version of Pandora on the 2012 Camry and 2012 Tacoma. The Camry is America’s best-selling car(i) and th
Oct 6, 2011

Nissan and Infiniti Dealers to Offer 3-Month SiriusXM Subscription on All Pre-Owned Vehicles with Factory-Installed Satellite Radios

NEW YORK — Sirius XM Radio announced that participating Nissan and Infiniti dealerships across the United States will give customers a 3-month subscription to SiriusXM when they purchase any pre-owned vehicle from the satellite radio-equipped i
Oct 6, 2011