Trending Auto Retail News
S&P/Experian Credit Default Indices: Consumer Credit Default Rates Decreased in March 2012
NEW YORK -- Data through March 2012, released recently 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, with the exception of bank card, all loan...
Study: Auto Insurance Claims Satisfaction Declines Following Increases in Two Consecutive Quarters
WESTLAKE VILLAGE, Calif., -- Customer satisfaction with the auto claims experience declined for the first time in three calendar quarters, according to the J.D. Power and Associates 2012 U.S. Auto Claims Satisfaction Study(SM)—Wave 2 have been released. Overall...
Progressive Expands Commercial Auto Coverage Limits
MAYFIELD VILLAGE, Ohio -- Progressive Insurance is helping small business owners get a leg up on their competition. The company has doubled the available liability limits of its Commercial Auto policies. It now offers options for $1.5 or $2 million. With these...
JPMorgan Chase Reports First-Quarter 2012 Average auto loans up 2% from the prior quarter
NEW YORK -- JPMorgan Chase & Co. (NYSE: JPM) recently reported first-quarter 2012 net income of $5.4 billion, compared with net income of $5.6 billion in the first quarter of 2011. Earnings per share were $1.31, compared with $1.28 in the first quarter of 2011....
Carfax Launches New ‘Show Me The Carfax’ Ads
CENTREVILLE, Va. -- Carfax this week announced the launch of its newest wave of television ads as part of the national 'Show Me the CARFAX' campaign. The new ads, created in conjunction with Zimmerman Advertising and Hinge Digital, empower everyone to make smarter...
Westlake Remarketing Releases Q1 – 2012 Top Auctions List
LOS ANGELES, California – Westlake Financial Services has named their top auctions for Q1-2012. They are: Top Overall Auction: ADESA Los Angeles 2nd Place Overall Auction: Kansas City Independent 3rd Place Overall Auction: Norwalk Auto Auction Top Service Auction: ABC...
Better Losses for Better Premiums
Every dealer knows there is a relationship between the losses printed on your loss runs and the premiums you pay. If premiums continue to rise as predicted by industry professionals, the first dealers to feel the pain will be those with higher losses. Many insurers...
Pre-owned Front End Gross
When we look at pre-owned department gross (front end only) we need to remember that F&I income is a separate entity. The F&I department is responsible for F&I income. Pre-owned managers are primarily responsible for the front end gross. This is not to say...
J.D. Power and LMC Automotive Report: New-Vehicle Retail Selling Rate Pulls Back in April, but Recovery Remains Ahead of Expected Pace
WESTLAKE VILLAGE, Calif. -- New-vehicle retail sales in April are expected to continue the year-over-year growth trend from the first quarter, as the market heads into the Spring selling season, according to a monthly sales forecast developed by J.D. Power and...
Finance Express’ Rebrand Reflects the Company’s Positioning as the Industry Leader in Dealer Management Solutions
Rancho Santa Margarita, CA - Finance Express, the leading provider of dealership management technology for independent auto dealers, announced today that they have rebranded their suite of products. The FEX DMS brand is terminology that has been used by our client...
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LEAP Financial’s Unique Business Model Offers Measureable Benefits for Lenders and Consumers Alike
San Diego - LEAP Financial, a vehicle leasing company that serves consumers who have difficulty obtaining credit, quantified the benefits it provided to lenders and customers during the past twelve months ending March 31, 2012. During that period, estimated lender...
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