According to Edmunds.com, sales of new hybrid and electric cars climbed by a significant amount in the first quarter when compared to traditional vehicle sales. More specifically, the company discovered hybrids and electric car sales soared 37 percent in the first quarter of 2011. The growth outpaced sales of traditional gas-powered cars and trucks whose […] [Read More]

TrueCar said Tuesday that it will gain a “significant” equity investment from direct marketing company Guthy-Renker, and officials said the broad partnership can help TrueCar expand its visibility beyond the Web via TV, print and radio advertising channels as well as other mediums. Dealers coming aboard the TrueCar certified network will be able to tap […] [Read More]

Representing the first bonus payout in three years, Ford is ready to reward president and chief executive officer Alan Mulally and other top executives handsomely for the turnaround the automaker has enjoyed. According to the automaker’s proxy statement filed with the U.S. Securities and Exchange Commission, Ford is about to give Mulally a total package […] [Read More]

As oil prices climbed to more than $108 a barrel, a 30-month high, on Monday, TrueCar.com responded by announcing its choices for top fuel-efficient vehicles. The company also analyzed March transactions prices, as well as incentive trends. Beginning with climbing gas prices, TrueCar.com noted that the current national average is about $3.65 per gallon, which […] [Read More]

Subaru of America was recently honored with the Silver Award at the 2011 Advertising Research Foundation David Ogilvy Awards for Excellence in Advertising. The awards, named after advertising legend David Ogilvy, are given to companies that produce research-driven, successful ad campaigns, officials explained. Subaru won for the "Subaru Love Campaign," which celebrates the legendary love […] [Read More]

With ACA International questioning how officials arrived at these figures, the Federal Trade Commission recently submitted its Congressional report summarizing activities to administer the Fair Debt Collection Practices Act. The FTC discovered the total number of consumer complaints associated with debt collection rose from 119,609 in 2009 to 140,036 last year. As a percentage of […] [Read More]

Recovery agents are not the only ones suffering from high fuel prices. Auctions, transportation providers and their clients are focused on ways to reduce transportation time and cost. Determining the exact location of a repossessed vehicle and when it will be ready for pick-up is a major opportunity for efficiency gains, and all parties will […] [Read More]

On Friday, General Motors announced the sale of its Class A Membership Interest in Delphi Automotive LLP back to Delphi for $3.8 billion. GM acquired the Class A Membership Interest in October 2009 in conjunction with the creation of Delphi. "We are systematically delivering on our commitment to strengthen and simplify our balance sheet," said […] [Read More]

The ongoing legal proceedings connected with the bankruptcy of the old General Motors took another step last week as the U.S. Bankruptcy Court for the Southern District of New York entered an order confirming the second amended joint Chapter 11 Plan of Motors Liquidation Co. Officials indicated the confirmation also stipulates all the conditions to […] [Read More]

Ally Financial took the first step toward an initial public offering Thursday by filing a registration statement with the U.S. Securities and Exchange Commission. This comes after several years of challenges for the company. The former General Motors captive saw its majority ownership stake sold off in 2006 as the automaker strove to improve its […] [Read More]