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CarFinance.com Takes the Headache Out of Auto Refinancing: Helps Credit Challenged Consumers Reduce Monthly Payments

IRVINE, Calif. — CarFinance.com, the company that is revolutionizing the auto loan process for the more than one in three (36%) consumers with less-than-prime credit[1], today launched a virtually paperless, direct-to-consumer auto loan refinan
Feb 23, 2012

A ‘Firming’ Insurance Market for 2012

After reading the insurance trade journals for the last month, it seems that the operative insurance term of 2012 is firming. Firming is, “insurance-speak” for slowly raising rates. A firming market is one where insurance rates go up at a pace th
Feb 23, 2012

Dollar Thrifty Automotive Group Completes $450 Million Senior Secured Credit Facility

TULSA, Okla.  — Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today announced the completion of a new five-year $450 million senior secured credit facility that significantly enhances the Company’s liquidity, as well as its operatin
Feb 23, 2012

Lithia Motors Reports New Vehicle Same Store Sales Increased 29%

MEDFORD, OR — Lithia Motors, Inc. reported the highest fourth quarter net income in company history, and more than doubled earnings for the fourth quarter and full year 2011 over the prior year periods. 2011 fourth quarter adjusted income from
Feb 23, 2012

Incentive Spending Down 9% in January

According to the NADA Official Used Car Guide Update for February 2012, overall incentive spending for the month decreased by -9% on a month-over-month basis to reach an industry average of $2,435 per unit. Highlights from February 2012 NADA Guidelin
Feb 22, 2012

DealerTrack Holdings, Inc. Reports Results for Fourth Quarter and 2011, and Issues Guidance for 2012

Lake Success, N.Y. – DealerTrack Holdings, Inc. reported financial results for the fourth quarter and year ended December 31, 2011. GAAP Results for the Fourth Quarter 2011 Revenue for the quarter was $91.3 million, as compared to $62.0 million for
Feb 22, 2012

Equifax: Americans Owe Less on Their Credit Cards

ATLANTA — Equifax recently reported that nearly 60 of the top 100 metropolitan statistical areas (MSAs) hardest hit by credit card debt realized double-digit declines in the percentage of income owed to credit card companies—nearly 24 percen
Feb 22, 2012

Nissan North America Appoints New Marketing Director

Nissan North America announced that Vinay Shahani has been named director, marketing communications and media, Nissan North America, effective April 1. He will report to Jon Brancheau, vice president, Nissan marketing. In his new role, Shahani will l
Feb 22, 2012

Mazda Launches ‘Seuss-ified’ Advertising Campaign

IRVINE, Calif.  — Mazda North American Operations (MNAO) announced its strategic partnership in support of the launch of Universal Pictures and Illumination Entertainment’s Dr. Seuss’ The Lorax, in theatres March 2. From the creat
Feb 22, 2012