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CarFinance.com Launches to Empower Credit-Challenged Car Shoppers
IRVINE, Calif. — CarFinance.com launches today with a mission to empower the more than 1 in 3[1] car buyers (36%) who have less-than-prime credit. Unlike other websites that promise to provide financing, only to then sell loan applicants’
Jan 20, 2012
S&P/Experian Credit Default Indices: Auto Loans Default Rates Increased to 1.27%
NEW YORK — Data through December 2011, released today 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 most loan types saw an i
Jan 20, 2012
Mercedes-Benz Financial Services Receives Over $50 Million in Payments Via Mobile Channels
NEW YORK — Since introducing its iPhone app giving customers the convenience to make payments anytime, anywhere just over two years ago, Mercedes-Benz Financial Services (MBFS) has received over $50 million in payments via mobile channels R
Jan 20, 2012
NAAA and NADA Extend AuctionNet Partnership Through 2016
MCLEAN, Va. — The National Automobile Dealers Association (NADA) Used Car Guide and the National Auto Auction Association (NAAA) announced today a new agreement that will extend their AuctionNet partnership through 2016. “We are pleased t
Jan 20, 2012
State Auto Insurance Bills Aim to Protect the State’s No-Fault System
MIAMI — Advocates of new legislation aimed at cracking down on dishonest claims and other abuses of Florida’s no-fault private vehicle insurance system are hoping new laws could potentially cause skyrocketing premiums to level out for dri
Jan 20, 2012
Passtime and Peritus Portfolio Services Form Strategic Alliance
Southlake, Texas– Peritus Portfolio Services, a leading purchaser of open bankruptcy auto secured paper from Auto dealers, Finance companies, Banks, and Credit Unions throughout the United States, recently announced an alliance with PassTime, a
Jan 19, 2012
Group 1 Automotive Acquires Volkswagen Dealership In San Antonio, Texas
HOUSTON — Group 1 Automotive, Inc., a Fortune 500 automotive retailer, this week announced the acquisition of Rod East Volkswagen in San Antonio, Texas. The dealership will be renamed Volkswagen of Alamo Heights and is expected to generate $48
Jan 19, 2012
Nissan Named One of Top Brands on Twitter for 2011; Surpasses 500,000 Facebook Fans
FRANKLIN, Tenn. — Celebrating success on the brand’s social media channels, Nissan North America recognized how important tools like Twitter, Facebook and YouTube have become to build brand loyalty, engage directly with consumers and generate
Jan 18, 2012
VW Introduces “Golf R Drivers Forever” iPad® App
Herndon, VA – With the arrival of its performance icon to U.S. dealerships this month, Volkswagen announced today that it is bringing the all-new 2012 Golf R to a mass audience via an iPad® app. Created with the enthusiast community in mind,
Jan 18, 2012