Securities & Exchange Commission paperwork not only divulged AutoTrader Group’s intentions to become a publicly traded company, the necessary filing revealed what the newly formed entity that includes AutoTrader.com, Kelley Blue Book, vAuto and VinSolutions intends to do with proceeds from the selling of shares. Company executives are looking to generate $300 million through a […] [Read More]

Previously unavailable, AutoTrader Group’s financial performance as well as the size of its subscribing dealer network came to light as the company filed federal paperwork to become a publicly traded company. According to forms submitted to the Securities & Exchange Commission, AutoTrader generated $1.0 billion in revenues, $334.6 million of adjusted EBITDA and $68.1 million […] [Read More]

Primeritus Financial Services announced Monday that it has acquired The M. Davis Co., Inc., which is the California-based company that includes USA Recovery and Skip Masters. Explaining more about The M. Davis Co., officials noted that the company — located in El Dorado Hills, Calif. — is a full-service firm that offers national repossession management, […] [Read More]

Dealers who use AutoTrader.com to push their vehicles online now can choose to own a piece of the operation as the site is on its way to becoming a publicly traded company. AutoTrader Group — a newly formed entity that includes AutoTrader.com, Kelley Blue Book, vAuto and VinSolutions — filed paperwork with the Securities & […] [Read More]

Dealers who are working with customers on tight budgets now have several vehicle lists assembled by Kelley Blue Book that analysts believe are best suited for a used-vehicle purchase or a new-model lease or purchase. Of the vehicles KBB thinks can best fit the bill for any transaction this month, half are Japanese models with […] [Read More]

The grades are in, and Subaru is at the top of the OEM class in TrueCar.com’s Performance Scorecards for May. Released Friday, the rankings grade each manufacturer and brand on eight different measurements including pricing, sales, incentives, customer loyalty, market share and days in inventory. Subaru earned an A+ to steal the top spot from […] [Read More]

It was announced Thursday that AutoTrader.com has chosen a preferred direct lender for the site, one that the company contends will  provide shoppers interested in a direct lending option with “a seamless way to access financing.” Tapped for the role is online auto lender RoadLoans.com —  owned by automotive finance company Santander Consumer USA Inc. [Read More]

Manheim and the National Independent Automobile Dealers Association honored a Georgia dealer at NIADA’s Convention & Expo this week for its service to the community. Winning the second annual Dealer’s Edge National Community Service Award was Ron’s Auto Sales, which is located in Lawrenceville, Ga. The dealership was presented a $5,000 check to be donated […] [Read More]

Five federal supervisory agencies recently released a Memorandum of Understanding aimed at clarifying how the agencies will coordinate their supervisory activities consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act. The five agencies joining forces for this MOU included the Board of Governors of the Federal Reserve System, the Consumer Financial Protection Bureau, […] [Read More]

The 2012 National Independent Automobile Dealers Association Convention & Expo wraps up today with another full lineup of general and breakout sessions capped off by the National Quality Dealer Awards Broadcast & Banquet followed by the NQD After-Party. There were two general sessions slated for this morning; and after lunch in the Expo, the following […] [Read More]