Trending Auto Retail News
Manheim Used Vehicle Index Falls for Fourth Straight Month
Manheim Consulting's monthly auto industry brief reported September 2011 wholesale used vehicle prices decreased for the fourth consecutive month down to 122.9. The Manheim Used Vehicle Value Index is still up 3.4% (122.9) over September 2010 when it was 118.9....
Stan Masamitsu, Tony Group Autoplex
For Tony Group Autoplex, just about everything a dealership needs to operate – from pre-owned inventory to parts – is 2,500 miles away. Everything costs more. There’s no such thing here as a road trip, yet sell vehicles this auto group does and profitably too. Dealer...
August used truck prices higher than expected
According to the latest edition of Guidelines, NADA Used Car Guide's monthly market update, August used truck prices higher than expected. Click here to access the full report. Highlights from this month's edition include: September new vehicle sales reached 1.05...
Huntington Expands Auto Dealer Financing Business Into Wisconsin And Minnesota
COLUMBUS, Ohio — Huntington has announced that it is expanding its successful auto dealer financing business into Wisconsin and Minnesota. “We have top market share in many of the states we serve, and auto dealers in Wisconsin and Minnesota want to be affiliated with...
Credit Acceptance Announces Completion of $200.5 Million Asset-Backed Financing
Southfield, Michigan -- Credit Acceptance Corporation (the "Company", "we", "our", or "us") announced the completion of a $200.5 million asset-backed non-recourse secured financing (the "Financing"). Pursuant to this transaction, we contributed loans having a net book...
2,500 Lenders Choose VINtek’s Automotive Collateral Management Technology
PHILADELPHIA -- VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing for automotive lenders, announced that it has signed its 2,500th customer for its VINtekTIME® cloud-based automotive...
Dollar Thrifty Announces Completion of Solicitation Process
TULSA, Okla. -- Dollar Thrifty Automotive Group, Inc. announced that it has formally concluded its process to solicit definitive proposals regarding a potential business combination. On August 21, 2011, Dollar Thrifty issued a letter advising parties of the Company's...
American Auto Auction Group Adds Florida and Alabama Auction Operations; Announces New President
CHARLESTON, South Carolina – American Auto Auction Group, LLC (AAAG) has announced the addition of eight auto auction locations to its portfolio of auction businesses with the acquisition of Your Auction, Inc. the largest independent auto auction operator in the state...
Group 1 Automotive Announces Acquisition and Opening of New Dealerships
HOUSTON -- Group 1 Automotive, Inc., a Fortune 500 automotive retailer, announced the acquisition of David Taylor Cadillac Buick GMC in Houston and the opening of two new Volkswagen dealerships in the San Diego andBeaumont, Texas, market areas. In addition, Group 1...
AAPC Statement on Passage of Three Free Trade Agreements
WASHINGTON –The American Automotive Policy Council (AAPC) – representing its member companies Chrysler Group LLC, Ford Motor Company and General Motors Company – applauds Congress for passing free trade agreements with Colombia, Panama and South Korea, as well as...
New Study Reveals Growing Influence of Social Media on Automotive Purchase Decisions
Burlington, VT – Dealer.com, the global leader in automotive internet marketing solutions, in partnership with DriverSide and GfK Automotive, announced the results of a study that shows that information on social media networks – such as status updates, comments and...
New Model Entries Drive Consumer Interest Gains in Compact Cars on AutoTrader.com
ATLANTA -- New model entries in the compact car segment gained considerable increases in consumer interest on the site, according to the New Car Insights Report from AutoTrader.com for September. At the other end of the spectrum, luxury vehicles are also gaining...
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