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Auto Finance Companies Significantly Originating More Loans than Banks and Credit Unions in Today’s Economy
ATLANTA — Auto finance companies have significantly increased lending by more than 47% over the past two years, according to the latest Equifax National Credit Trends Report. Auto finance lenders haveoutpaced bank and credit union lending to su
Nov 3, 2011
CarGurus Used Car Price Index Down 1.7% This Fall
CAMBRIDGE, Mass. — CarGurus, the auto research and shopping website, released its CarGurus Used Car Price Index for October, which showed the average price of a used car at $19,278, down by 0.88% from September and down 1.7% from August. Used
Nov 3, 2011
Ally Financial Reports Net loss of $210 million
NEW YORK — Ally Financial Inc. (Ally) reported a net loss of $210 million for the third quarter of 2011, compared to net income of $113 million in the prior quarter and net income of $269 million for the third quarter of 2010. Core pr
Nov 3, 2011
Dollar Thrifty Automotive Group Reported Net Income of $66.6 Million
TULSA, Okla. — Dollar Thrifty Automotive Group, Inc. (NYSE: DTG) today reported results for the third quarter ended September 30, 2011. Net income for the 2011 third quarter was $66.6 million, or $2.13 per diluted share, compared to net income
Nov 3, 2011
BMW Certified Pre-Owned Sales Down
In October, sales of BMW used vehicles (including certified pre-owned and pre-owned) totaled 13,262, a decrease of 4.4% from the 13,867 sold in October 2010. Year-to-date, BMW used vehicle sales are down 5.5% on volume of 132,686 compared to 140,468
Nov 3, 2011
Equifax: Total Outstanding Consumer Debt Now Nearly Equivalent to Pre-Recession Levels
ATLANTA — Equifax’s latest National Credit Trends Report shows that Total consumer debt now stands at $11.2 trillion, nearly equivalent to the $11.1 trillion posted pre-recession in 2006 according to the most recent Equifax Nation
Nov 3, 2011
Mercedes-Benz CPO Sales Down 21.8%
The Mercedes-Benz Certified Pre-Owned (MBCPO) program sold 5,571 vehicles in October 2011, a decrease of 21.8%. On a year-to-date basis, MBCPO sold 62,929 vehicles, a decrease of 7.6% over the comparable period last year.
Nov 3, 2011
CarStations iPhone/Android app helps EV drivers find their charge
CATHEYS VALLEY, CA – A new charging station finder recently appeared in app stores as quietly as the EVs it was developed for whir along. Created by California rancher-come-programmer David Raboy, CarStations is the latest in a lineup of mob
Nov 3, 2011
Interview with Burnsville Toyota
Burnsville Toyota is the 2011 Top Winner of the Digital Dealer Website Excellence Awards – scoring higher than 229 other dealerships and dealership groups nationwide. Co-sponsored by Dealer Communications and Dataium, LLC, this new awards competiti
Nov 2, 2011