Trending Auto Retail News
PwC US: “Hunt for Growth” to Drive 2012 U.S. Mergers & Acquisitions
NEW YORK -- Volatile equity markets slowed mounting U.S. deal activity in the third and fourth quarters, following growing deal momentum in the first two quarters of 2011. In light of concerns over European debt and a pullback in financing, U.S. merger and...
Consumers Want Love Too ….
The annual fall Las Vegas based AAPEX (Aftermarket Auto Parts Expo) and SEMA (Specialty Equipment Manufacturers Association) shows feature thousands of parts manufacturers, tool vendors, equipment makers, custom cars/trucks/what is the hell is that? and other...
GM Aftersales Organization Recognizes Wells for Outstanding On-Time Shipping Performance
Fond du Lac, WI -- Wells Vehicle Electronics has received the Gold Award for Outstanding On-Time Shipping Performance from General Motors Customer Care and Aftersales, the automaker’s automotive parts and service operation. The Gold Award recognizes key suppliers that...
Manheim Used Vehicle Index Up In November
Manheim Consulting's monthly auto industry brief reported November 2011 wholesale used vehicle prices increased for the first time this year after a five month decline. The index rose 0.8% to 123.8 compared to 122.8 in October 2011. When compared with a year ago, the...
LEAP Financial’s Revenues and Customer Base Expand Significantly in 2011; Management Team Ready for Continued Growth in 2012
San Diego –LEAP Financial, a vehicle leasing company that serves consumers who have difficulty obtaining credit, shared milestones on the company’s rapid growth during 2011. Overall the company experienced over 600% growth in total revenues year-over-year. “LEAP...
U.S. Chevrolet, Buick, GMC and Cadillac Certified Pre-Owned Sales Up 14%
Chevrolet, Buick, GMC and Cadillac dealers in the U.S. reported 24,872 sales of certified pre-owned vehicles, a 14 percent increase compared to November of last year, and a two percent decline compared to last month. Through the month of November 2011, combined sales...
New Car Interest Rates Hit Record Levels
According to the Federal Reserve’s Consumer Credit report for October 2011, Consumer credit increased at an annual rate of 3-3/4 percent in October. Revolving credit increased at an annual rate of 1/2 percent, and nonrevolving credit increased at an annual rate of...
Customer Sues Used Car Dealer for Foul Smell
According to Detroit.CBSLocal.com, a used car dealer in Michigan is being sued by a customer who claims they bought a used car that was not cleaned properly. The story said the customer said after buying the 2006 Ford Expedition, the vehicle started to have a very...
November Consumer Bankruptcy Filings Drop 12% from Last Year
Alexandria, Va.— U.S. consumer bankruptcy filings totaled 100,980 nationwide during November, a 12 percent decrease from the 114,587 total consumer filings recorded in November 2010, according to the American Bankruptcy Institute (ABI), relying on data from the...
AutoNation Enters Into New $1.7 Billion Credit Agreement
FORT LAUDERDALE, Fla. -- AutoNation, Inc. announced that it entered into a new unsecured credit agreement with a $500 million term loan facility and a $1.2 billion revolving credit facility. The new credit agreement contains an accordion feature that allows the...
Vehicle Thieves Rarely Take a Holiday
DES PLAINES, Ill. -- Once again, New Year's Day was the leading holiday for reported vehicle thefts in 2010, according to an analysis by the National Insurance Crime Bureau (NICB). Christmas Day repeats as the holiday with the fewest reported vehicle thefts. While...
AAPC Applauds Plan for Enhanced Manufacturing Trade Between the United States and Canada
Washington D.C. – The American Automotive Policy Council (AAPC) joined with other leaders of the North American manufacturing industry to applaud the announcement by President Barack Obama and Prime Minister Stephen Harper that the United States and Canada will work...
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