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Direct Auto Loan Delinquencies Rise

WASHINGTON – Consumer delinquencies continued to move higher in this year’s second quarter, with nine of eleven loan categories showing slightly higher delinquencies amid weak job creation and a slowing economy, according to the American Bankers
Oct 6, 2011

KAR Announces Closing of OPENLANE Acquisition

Carmel, IN – KAR Auction Services, Inc. announced that it has successfully completed the acquisition of  OPENLANE, Inc. OPENLANE is a North American  online automotive auction company that provides a market for online buyers and sellers of wh
Oct 6, 2011

Pandora Hits the Road with Toyota

OAKLAND, Calif. — Pandora, the leading personalized radio service, revealed that automotive partner Toyota is now offering an embedded version of Pandora on the 2012 Camry and 2012 Tacoma. The Camry is America’s best-selling car(i) and th
Oct 6, 2011

Report: 2011 New Credit Growth Highest in Two Years

ATLANTA — Equifax’s latest National Credit Trends Report indicates that the credit cycle has turned as new credit growth continues, with higher loan volumes on a 2011 year-to-date basis for multiple lending markets including: Automotive,
Oct 6, 2011

Used-Car Dealers and Dealerships Can Win More with Manheim’s New Mobile Promotion

ATLANTA – By unleashing the power of the all-new Manheim App, available on Apple iPhones® and Google AndroidTM smartphones, dealers will have even more opportunities to win with Manheim through a new promotion for customers using mobile tools.
Oct 5, 2011

Audatex North America, Inc. Announces the Launch of its Next-Generation Reporting and Analytics Tool for Collision Repair Facilities

SAN DIEGO — Audatex North America, Inc., the leading global provider of software and services to the automobile insurance claims processing and collision repair industry, today announced the launch of Audatex Insight for Repair Facilities. Auda
Oct 3, 2011

Auto Repair Bidding Site BodyShopBids Secures Seed Round from Lightbank

CHICAGO — BodyShopBids, developers of a free online service that enables consumers to get auto repair estimates from local body shops, today announced that it has closed a seed round of outside venture capital from Lightbank, the technology inv
Oct 3, 2011

Auto Parts Network® Adds WeatherTech to its Ever-expanding Selection of Online Automotive Products

WESTON, Fla. — Online auto parts provider, AutoPartsNetwork.com®, bolsters an online product selection with the addition of WeatherTech high quality protective vehicle floor mats and liners. Auto Parts Network® is excited to announce that a c
Oct 3, 2011

Chrysler Recalls Small Quantity of Vehicles Equipped with V-6 Engines

Auburn Hills, Mich. – Chrysler Group LLC is conducting a voluntary safety recall of 657 Chrysler 200 and Town & Country, Dodge Journey, Durango, Grand Caravan and Jeep® Grand Cherokee vehicles equipped with a 3.6-liter V-6 engine. The affe
Oct 3, 2011