Dealers in Massachusetts will soon be able to utilize auto finance company Westlake Financial Services, giving  the lender a footprint in every U.S. state. The company revealed Tuesday it will begin loan originations in Massachusetts starting this coming Friday.  Commenting on the news, Westlake president Ian Anderson noted, “With entry into Massachusetts, we are now […] [Read More]

With this coming June being the only month expected to see used-car prices slide since the beginning of this year, bargains on quality pre-owned vehicles can potentially be hard to find. In light of used-car prices seeing double-digit gains through May, Kiplinger.com offered those in the market for a used car a lists of 10 […] [Read More]

Dealer review site DealerRater revealed today a new addition to its management team. Tapped for the position of senior vice president of dealer product and services is industry veteran Larry Cochran, who has held numerous positions with ADP Dealer Services in his over 15 years of auto-industry experience. [Read More]

A federal judge ruled against the National Automobile Dealers Association last week in court proceedings debating who should inform potential buyers about how credit history can be used to determine an auto loan’s interest rate. NADA’s case versus the Federal Trade Commission is focused on a challenge of the federal agency’s interpretation of the meaning […] [Read More]

New-vehicle sales have soared back from the troughs of a few years ago, and leasing penetration levels have steadily remained in the 20-percent ballpark. But is this surge on the new-car side helping the supply constraint that has arguably been the biggest challenge on the used-car side in recent years? Are dealers getting any alleviation […] [Read More]

With this past holiday weekend including the Indianapolis 500 and NASCAR’s Coca-Cola 600, TrueCar.com identified the 10 most popular models for people who enjoy racing and NASCAR. Based on 2011 data received from more than 165,000 men and women who listed “rallying, auto racing or NASCAR” among their hobbies, the findings placed the Ford F-150 […] [Read More]

In the spirit of the recent holiday weekend, Hyundai Motor America has expanded its military incentive program, waiving its usual four-year active duty requirement to include additional service members in the program. Through July 31, members of the Air Force, Army, Coast Guard, Marine Corps and Navy, as well as the National Guard and Reserves, […] [Read More]

If used-car managers wanted more confirmation that a quartet of Japanese sedans are in demand, first-quarter shopping traffic trends on Kelley Blue Book’s website could provide more clarity. Site officials revealed which models were searched for most during the first quarter, and it turns out four of the top five units are from Honda and […] [Read More]

Apparently, it’s not just the air outside that has heated up in recent weeks. New-vehicle sales have reached a boiling point and will likely cap what would be the best May since 2007, according to TrueCar.com, which along with other industry observers, released its new-car sales projections on Thursday. Analysts with J.D. Power and Associates […] [Read More]

An attendee at this spring’s National Auto Auction Association/CAR event that also featured a meeting of the International Automotive Remarketers Alliance remembered predictions Manheim’s Tom Webb made about gas prices. That same individual recently asked Webb whether he still stands by his estimation, and the Manheim economist responded in the May edition of the Manheim […] [Read More]