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Experian Data: Online Users Increase Share of Overall Vehicle Make and Model Searches by 37%
Experian recently conducted an analysis looking at automotive online search behaviors. This research bridges the gap between consumers’ automotive interests online and their offline behaviors. Leveraging data from Experian Automotive and Experian
Nov 10, 2011
More than 40,000 Consumers Joined Credit Unions in Last Week
WASHINGTON — Tens of thousands of consumers across the country joined credit unions on “Bank Transfer Day,” Nov. 5, depositing millions in new savings and giving credit unions a brisk day of lending as well, the Credit Union Nation
Nov 10, 2011
Greensboro Auto Auction Offers Users Access to Carfax
GREENSBORO, N.C. — Greensboro Auto Auction has integrated access to Carfax Vehicle History Reports and Carfax Auction Quick Check at greensboroaa.com. The wait is over – buyers now can obtain Carfax information for any vehicle on Greensboro
Nov 9, 2011
Credit Acceptance Announces Third Quarter 2011 Earnings
Southfield, Michigan — Credit Acceptance Corporation (NASDAQ: CACC) (referred to as the “Company”, “we”, “our”, or “us”) announced consolidated net income of $50.0 million, or $1.91 per diluted sh
Nov 9, 2011
New Car Interest Rates Hit Record Levels
New car interest rates at automotive finance firms jumped in September 2011 to the highest levels this year, according to the Federal Reserve’s Consumer Credit Report for September 2011. The average interest rate for new car loans in September 2011
Nov 9, 2011
Audi A7 Selected as the 2012 “Automobile of the Year”
HERNDON, Va. — Audi announced that AUTOMOBILE Magazine selected the Audi A7 as its 2012 Automobile of the Year. AUTOMOBILE editors selected the A7 for its embodiment of everything a luxury buyer would want in a car – design, performance, an
Nov 9, 2011
Learn From a Red Flags Success Story
I was working in a dealership’s conference room recently when a sales manager brought three “greenpeas” in for special training. His first question was: “How many cars do you have to sell a month to stick around here?” All three mumbled “
Nov 8, 2011
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Dealer/GM NewsFinance & Insurance NewsFixed Operations NewsPre-Owned Sales & Marketing Strategies
38,000 Vehicles Recalled to Reprogram Airbag Sensor
According to the National Highway Traffic Safety Administration, General Motors is recalling almost 40,000 2008-2009 Pontiac G8 vehicles to fix a problem with the airbag sensor. The website said there could be a delay between when the airbag is senso
Nov 7, 2011
Ally Financial Launches Innovative Vehicle Financing Product
DETROIT — Ally Financial Inc. launches Ally Buyer’s Choice, an industry-first product offering for U.S. dealers and customers on new 2011 and 2012 General Motors and Chrysler vehicles. Ally Buyer’s Choice is an innovative financing
Nov 3, 2011