Trending Auto Retail News
Superstorm Sandy’s Impact on the National Automotive Market will be Modest at Best
Analysis and data from two of the Internet's largest automotive research and shopping sites support premise that national impact may be overstated ATLANTA -- The impact of Superstorm Sandy on the national new and used car markets may be more modest than what's...
Total Consumer Debt Fell In Third Quarter, as Americans Remained Cautious
ATLANTA -- Across the country, consumers remain cautious about taking on new debt. Overall consumer debt levels fell $256 billion in the third quarter versus the same period a year ago, according to new Credit Trends data released by Equifax (NYSE: EFX). However, the...
Wholesale Depreciation Increases in October
According to November's edition of Guidelines, NADA Used Car Guide's monthly market update, wholesale depreciation increased in October. Click here to download a PDF of November’s edition of Guidelines NADA Official Used Car Guide Update: --Wholesale Depreciation...
VINtek Helps Automotive Lenders Comply with Georgia’s Recently Published Electronic Lien and Title Rules
Georgia publishes ELT rules in accordance with House Bill 865 PHILADELPHIA – VINtek, a provider of automotive collateral management, electronic lien and title (ELT) services and direct finance processing, announced it is assisting automotive lenders in Georgia with...
Hertz Obtains FTC Clearance For Dollar Thrifty Acquisition
PARK RIDGE, N.J. -- Hertz Global Holdings, Inc. (NYSE: HTZ) announced that it has reached an agreement with the U.S. Federal Trade Commission (FTC) allowing Hertz to complete its acquisition of Dollar Thrifty Automotive Group, Inc. (NYSE: DTG). Under the terms of the...
Best States to Save Money on Car Insurance
Foster City, CA – Car insurance rates in Ohio are among the nation’s lowest, but a new analysis by CarInsurance.com shows that it’s nonetheless the state where drivers who compare car insurance quotes potentially can save the most money. A review of rates for every...
Chrysler Group LLC Invests $240 Million to Increase Engine Production and Adds 1,250 Jobs at Detroit-area Facilities
Detroit - Chrysler Group LLC announced today that it will invest nearly $240 million to increase engine capacity and add about 1,250 new jobs at several Michigan facilities, reaffirming the Company’s commitment to growing its operations in southeast Michigan. Chrysler...
ADESA Monthly Analysis: Current Used Vehicle Market Conditions
The following commentary is produced monthly by Tom Kontos, Executive Vice-President, ADESA Analytical Services. ADESA is a leading provider of wholesale used vehicle auctions and ancillary remarketing services. As part of the KAR Auction Services family, ADESA works...
GM Financial Announces $1.0 Billion Senior Subordinate Asset-Backed Securitization
FORT WORTH, Texas -- GENERAL MOTORS FINANCIAL COMPANY, INC. (“GM Financial” or the “Company”), announced the pricing of a $1.0 billion offering of automobile receivables-backed securities through lead managers Barclays, Credit Suisse, J.P. Morgan and Morgan Stanley....
Manheim Names Racquel White as Vice President, Communications and Corporate Affairs
Company Increasing Focus on Communications to Drive Business and Engage Customers and Stakeholders. ATLANTA – Manheim announces the appointment of Racquel White to the position of vice president of communications and corporate affairs. In her role, White will lead the...
OneCommand Introduces DriveWay EnvyTM
OneCommand Announces New Solution for Auto Dealers to Reach Untapped Potential New Buyers Mason, OH – OneCommand, the leading marketing automation platform for auto dealers, announces the launch of its new solution that allows dealers to reach potential new car...
Digital Air Strike Approved as a General Motors’ Reputation Management Certified Partner
SUNNYVALE, Calif. -- Digital Air Strike™, the nation’s leading automotive social media, online reputation and lead-response company, has been approved by General Motors (GM) as a certified Reputation Management partner. Digital Air Strike is offering a new reputation...
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