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Manheim Announces Changes to Dealer Sales Structure

ATLANTA – To meet its customers’ changing business needs and to offer all customers a more consistent sales experience, Manheim will align its major dealer and dealer sales functions within a single unit. Susie Heins, former vice president of ma
Sep 29, 2011

Edmunds.com September Auto Sales Forecast: Industry Achieves Highest Monthly SAAR Since April

SANTA MONICA, Calif.  — An estimated 1,038,052 new cars will be sold in September for a projected Seasonally Adjusted Annual Rate (SAAR) of 12.9 million light vehicles, forecasts Edmunds.com, the premier online resource for automotive informati
Sep 29, 2011

Used Cars Sales Estimated to be Up 4.5% from 2010

SANTA MONICA, Calif. — TrueCar.com, the authority on new car pricing, trends and forecasting, today released its September 2011 sales and incentives forecast.  The forecast shows the following: For September 2011, new light vehicle sales in
Sep 29, 2011

VW Credit, Inc. Names New President and CEO…

HERNDON, Va. — Andrew Stuart has been appointed President and CEO of VW Credit, Inc., effective January 2012. He will report to Frank Witter who is Chairman of the Board of Directors for VW Credit, Inc. Stuart will succeed Kevin Kelly, 65, the
Sep 29, 2011

BMW Financial Services Targets College Graduates and Young Professionals

Woodcliff Lake, NJ – BMW Group Financial Services has opened the door for college graduates and young professionals to increase their purchase power through the company’s College Graduation Program.  The Program encompasses both leases and loans
Sep 29, 2011
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Report: Facebook Refers 6% of New-Vehicle Buyers to Automaker Websites

WESTLAKE VILLAGE, Calif. — Social networking site Facebook refers nearly as much new-vehicle buyer traffic to automaker websites as do major independent automotive content providers (for example, Autotrader.com, Cars.com and Edmunds.com), accor
Sep 29, 2011
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Inspection Finds 30% of Off-Lease Vehicles with Rolled Back Odometers

LONG BEACH, Calif. – AiM Mobile Inspections, evaluators of new and used vehicles, has identified a growing trend among off-lease vehicles in the Northeast: tampered digital odometers.  AiM which reviews up to 9,000 off-lease vehicles each month in
Sep 29, 2011
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2011 Auto Dealer Internet Marketing Survey Results

Fort Lauderdale, FL – AutoUSA Internet Sales Solutions recently announced the results of its 2011 auto dealer Internet marketing survey. The survey results reveal the economy is having a significant influence on customers’ abilities to buy cars,
Sep 29, 2011

Dollar Thrifty Automotive Group Amends Senior Secured Credit Facility

TULSA, Okla.– Dollar Thrifty Automotive Group, Inc. announced the completion of an amendment to its senior secured credit facility that increased the aggregate amount of share repurchases permitted under the facility. The Company simultaneously
Sep 29, 2011