Trending Auto Retail News
CarFinance.com Launches to Empower Credit-Challenged Car Shoppers
IRVINE, Calif. -- CarFinance.com launches today with a mission to empower the more than 1 in 3[1] car buyers (36%) who have less-than-prime credit. Unlike other websites that promise to provide financing, only to then sell loan applicants' information elsewhere,...
S&P/Experian Credit Default Indices: Auto Loans Default Rates Increased to 1.27%
NEW YORK -- Data through December 2011, released today 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 most loan types saw an increase in default...
Mercedes-Benz Financial Services Receives Over $50 Million in Payments Via Mobile Channels
NEW YORK -- Since introducing its iPhone app giving customers the convenience to make payments anytime, anywhere just over two years ago, Mercedes-Benz Financial Services (MBFS) has received over $50 million in payments via mobile channels -- and the number is...
SureSale™ Certified Launches in Phoenix: More Vehicles Eligible for CPO Programs
VENICE, Calif. -- Mota Motors, a leading provider of online vehicle certification and selling platforms, today announced that SureSale™Certified, a comprehensive certified pre-owned (CPO) marketing program launched today in Phoenix. SureSale expands the range of...
Kelley Blue Book Reports Used-Car Values to Jump 3 to 5% in First Quarter
IRVINE, Calif. -- Kelley Blue Book www.kbb.com, the leading provider of new car and used car information, today reports that buyers in the market for a used car should purchase sooner rather than later, as Kelley Blue Book anticipates used-car values to increase 3 to...
Deloitte Survey: Gen Y’s Embrace of Hybrid Vehicles May be Auto Market’s Tipping Point
DETROIT -- Gen Y's strong affinity for hybrid vehicles could make it the "generation that leads us away from traditional gasoline-powered vehicles," reports Craig Giffi, vice chairman and automotive practice leader at Deloitte LLP, after seeing the results of...
NAAA and NADA Extend AuctionNet Partnership Through 2016
MCLEAN, Va. -- The National Automobile Dealers Association (NADA) Used Car Guide and the National Auto Auction Association (NAAA) announced today a new agreement that will extend their AuctionNet partnership through 2016. "We are pleased to be able to continue on the...
Hammer to Fall This Weekend on Unique 2013 Shelby GT500 24-Hour Durability Prototype
DEARBORN, Mich. – Ford is giving muscle car enthusiasts a rare opportunity to bid on the racetrack durability car used to develop the 2013 Shelby GT500 production Mustang. The car will be auctioned at the 41st Annual Barrett-Jackson Collector Car Auction Saturday in...
State Auto Insurance Bills Aim to Protect the State’s No-Fault System
MIAMI -- Advocates of new legislation aimed at cracking down on dishonest claims and other abuses of Florida's no-fault private vehicle insurance system are hoping new laws could potentially cause skyrocketing premiums to level out for drivers in that state, according...
Passtime and Peritus Portfolio Services Form Strategic Alliance
Southlake, Texas- Peritus Portfolio Services, a leading purchaser of open bankruptcy auto secured paper from Auto dealers, Finance companies, Banks, and Credit Unions throughout the United States, recently announced an alliance with PassTime, a national provider of...
ResponseLogix® and Dominion Dealer Solutions® partner to deliver robust lead-management and CRM solution to US automobile dealers
Sunnyvale, Calif – ResponseLogix, Inc., and Dominion Dealer Solutions this week announced a technology partnership that will provide auto dealers using both the ResponseLogix and Dominion Dealer Solutions more than a dozen synchronized functions designed to simplify...
Group 1 Automotive Acquires Volkswagen Dealership In San Antonio, Texas
HOUSTON -- Group 1 Automotive, Inc., a Fortune 500 automotive retailer, this week announced the acquisition of Rod East Volkswagen in San Antonio, Texas. The dealership will be renamed Volkswagen of Alamo Heights and is expected to generate $48.5 million in estimated...
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