A Lehman Brothers Holdings business unit reportedly filed a complaint in federal bankruptcy court in Manhattan alleging that AmeriCredit undervalued termination payments for interest rate swap agreements related to auto-loan securitizations. Bloomberg reported that Lehman Brothers Special Financing entered into swap agreements with trusts sponsored in 2005 and 2007 by AmeriCredit that issued $3.85 billion […] [Read More]

Auto Remarketing Conferences recently announced that registration is open for Used Car Week, featuring the Certified Pre-Owned Dealer Conference, the National Remarketing Conference and the all-new Re3 (pronounced “ree-three”) Conference. All three events will take place at the Red Rock Casino Resort and Spa in Las Vegas, over the course of one week, Nov. 14-18. [Read More]

TrueCar.com rolled out its monthly Performance Scorecards for manufacturers and brands, and a domestic took the top honors for June. Site analysts determined the top manufacturer on the June scorecards was General Motors, followed by Porsche and Hyundai. Near the bottom of the list were Saab and Mazda. TrueCar.com also revealed brands that received the […] [Read More]

Just three days after Hertz Global Holdings pushed back the deadline of its latest offer to acquire Dollar Thrifty Automotive Group, the proposed Hertz-Dollar Thrifty merger took a major step forward late last week. Hertz revealed that it gave federal antitrust authorities the premerger notification required by the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as […] [Read More]

Experian Automotive wanted to offer more information pertinent to dealers beyond the brand loyalty trends it tracks on a quarterly basis. So this week, Experian combined its analysis of both brand loyalty and dealer loyalty, resulting in some interesting findings. For calendar year 2010, Experian discovered dealer loyalty — buyers returning to market and purchasing […] [Read More]

Although gas prices have moderated in recent weeks, there’s no telling what may set off a fuel-price hike down the road. And recent times have shown that price movements certainly impact the auto industry. To shed some light in this area, ALG recently investigated what residual impact a $1-per-gallon increase in fuel costs would trigger […] [Read More]

Two Big 3 brands kept their respective perches as the most-researched brands during the second quarter and domestics, overall, were on top for sales and consumer interest. But European car companies appear to have a full head of steam and may be on the verge of a sales spike down the road, according to NADAguides. […] [Read More]

Many car buyers in Generation X — which is comprised of those born in the 1960s, 70s and early 80s — are now  thinking about the family’s needs when shopping, tend to live by a “work hard/play mentality” and actually have a stronger degree of purchasing power. With these attributes and more in mind, TrueCar […] [Read More]

With three models rated as total quality leaders, Volkswagen of America was named the best full-line automaker in Strategic Vision’s 2011 Total Quality Index released Tuesday. Propelling the German OEM to the top spot with a score of 881 was Strategic Vision tapping the Golf, Jetta and Tiguan as segment leaders. Analysts based their assessment […] [Read More]

The certified pre-owned market recently completed its second-best quarter on record and notched an 8-percent year-over-year increase in June, according to statistics from Autodata Corp. But it’s not just CPO sales that are increasing. Recent analysis from AutoTrader.com indicates that the prices of many certified vehicles are climbing, as well. In fact, of the 20 […] [Read More]