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DealerTrack Launches FinanceDriver to Help Enable and Enhance the Online Financing Process for Automotive Retailers

New Financing Solution Delivers Digital Retailing Workflow for Today’s Progressive Automotive Dealers, Portals and OEMs Lake Success, N.Y. ─ To help automotive retailers generate more quality finance leads and streamline online vehicle purchasing
May 31, 2012

Mercedes-Benz Financial Services Canada Ranks highest in Dealer Satisfaction in the Retail Leasing and Retail Prime Credit segments

MISSISSAUGA, Ontario — Mercedes-Benz Financial Services Canada captured the highest satisfaction ranking in two of the three major categories of the recently-released J.D. Power and Associates 2012 Canadian Dealer Satisfaction Study (SM). In th
May 31, 2012

Ford, State Farm Collaborate to Offer Auto Insurance Savings Using SYNC In-Car Connectivity System

DEARBORN, Mich. & BLOOMINGTON, Ill. – The nation’s No. 2 automaker and the country’s leading insurer of cars have joined forces to offer lower insurance premiums for drivers. Using Ford SYNC® technology, State Farm Insurance is expanding i
May 30, 2012

Santander Consumer USA Expands With Full-Spectrum Auto Lending

DALLAS — Santander Consumer USA Inc. (“Santander”), an industry leader in auto financing, has expanded its Santander Auto Finance lending program to include the prime tiers. This new “full spectrum” of auto lending will
May 25, 2012

GM Recalls 4,304 Malibu Vehicles

According to the National Highway Traffic Safety Administration’s website, General Motors is recalling a little over 4,000 2012 Malibu vehicles to fix an issue with the airbag system. The website said the sending and diagnostic module may reset its
May 25, 2012

Edmunds.com May 2012 Auto Sales Forecast: Steady Pace Continues as Summer Approaches

SANTA MONICA, Calif. — Light vehicle sales are expected to continue at a healthy clip in May, reports Edmunds.com, the premier online resource for automotive information. Edmunds.com estimates that 1,391,163 new cars will be sold in May, for an
May 24, 2012

TransUnion: National Auto Loan Delinquencies Hit Lowest Level on Record

CHICAGO, IL —  The national auto loan delinquency rate (the rate of borrowers 60 or more days past due) reached its lowest level since TransUnion began tracking the data in 1999. Auto loan delinquency rates in Q1 2012 dropped to 0.36%, down ne
May 24, 2012

GM: Volt Generates First Time Interest in Chevrolet

DETROIT – The Chevrolet Volt is winning new customers to the brand from the competition with the Toyota Prius topping the list of most traded-in vehicle followed by the Toyota Camry, Honda Civic and BMW 3 Series. “I owned a Prius for six years an
May 23, 2012

Online Vehicle Auction Company Copart, Inc. Acquires Diamond Auto Bids and Disposals

DALLAS — Copart, Inc., a leading online salvage vehicle auction company this week announced it has acquired Diamond Auto Bids and Disposals, a privately-held automotive auction with locations in Calgary and Edmonton, Alberta, Canada. The acquis
May 22, 2012