Auto Retail News

DALLAS — The purchase and financing of an average-priced new vehicle took 24.2 weeks of median family income in the third quarter of 2011, slightly more than the 24.0 weeks of median family income in the second quarter.  Consumers on average s

NEW YORK — Data through October 2011, released by S&P Indices and Experian for the S&P/Experian Consumer Credit Default Indices, a comprehensive measure of changes in consumer credit defaults, showed that first mortgage default rates r

According to the latest edition of Guidelines, NADA Used Car Guide’s monthly market update new vehicle sales in October grew by 7% or 1.02M units relative to last year and the month’s SAAR of 13.2M was the second best result seen so far this

TORRANCE, Calif. — Toyota Financial Services (TFS) has just launched a first-of-its-kind iPhone app which incorporates personalized QR code technology allowing customers to access their accounts through their smart phone.  Unlike other bill pa

Edmunds.com is reporting that November sales are on pace for a monthly SAAR of 13.5 million vehicles, which would be an increase over the 13.3 million unit SAAR last month. Retail sales are on pace to finish the month around 814,000 vehicles, which e

Co-Founder and President of SocialDealer, Joseph F. Russo, passed away this week. A Memorial Service for Joseph will be held Saturday, November 19 at 10 a.m. at St. Louis de Montfort Parish in Oak Lawn, IL. Donations will be accepted via the Joseph F

SANTA BARBARA, Calif. — ALG, a subsidiary of TrueCar, Inc., and the industry benchmark for residual values and depreciation data, announced its 13th Annual Residual Value Awards, with Subaru and Lexus earning the awards for top mainstream and

DEARBORN, Mich. — Ford Motor Company and Ford Motor Credit Company today announced thatBernard Silverstone has been appointed chief operating officer, Ford Motor Credit Company, and has been elected a Ford corporate officer, effective Jan. 1,

OAKLAND, Calif. — Pandora, the leading personalized radio service, announced today that automaker Honda is now counted among Pandora’s growing roster of automotive partners. The addition makes for a total of 14 automotive brands to date t