The American Recovery Association recently revealed a former AmeriCredit executive will present the keynote address during the third annual North American Repossessors Summit. Tapped to speak to the gathering of auto lenders and recovery professionals is Mark Floyd, who now is the chief executive officer and vice chairman of Exeter Finance. ARA explained Floyd intends […] [Read More]

Dealer Services Corp. of Indiana has rolled out a revamped, upgraded website that it says is more interactive and is geared more toward the customer. It offers 24/7 online account service access, more reporting capabilities, and its navigation and layout is smoother. “Our redesigned website enables DSC to provide our dealers with up-to-date information across […] [Read More]

Being that today marks the last day for January new-vehicle sales, Edmunds.com offered an upbeat sales prediction, calling it “an impressive jumping-off point for 2011.” Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; line-height:115%; […] [Read More]

Since fuel prices again appear to be a higher priority within consumers’ budgets, Experian Automotive’s quarterly look at market trends recapped recent gas price spikes in hopes it could shed light on what’s in the future. Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; […] [Read More]

Acknowledging significant improvement in its business performance, General Motors announced it is withdrawing its $14.4 billion application for direct loans from the U.S. Department of Energy. Normal 0 false false false EN-US X-NONE X-NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:”Table Normal”; mso-tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:””; mso-padding-alt:0in 5.4pt 0in 5.4pt; mso-para-margin-top:0in; mso-para-margin-right:0in; mso-para-margin-bottom:10.0pt; mso-para-margin-left:0in; […] [Read More]

Innovative Funding Services — via services arm Hourglass Management Corp. — announced this week that it has brought in TPC Management Co. as a consultant to the network’s companies. Composing that network are IFS, Flexco and eFleet Direct. “We are very excited to have TPC leveraging their extensive network to help us reach companies that […] [Read More]

U.S. News Cars unveiled its 2011 Best Car for the Money awards this week, and leading the way among the 18 segment winners is General Motors, which claimed honors in five categories. In each segment, the vehicle that receives the top score for overall value and appeal is given the award. U.S. News determines the winners by taking […] [Read More]

Used-vehicle sales in January are expected to show a year-over-year gain and approach 2 million units sold, according to TrueCar.com, which predicts new-vehicle sales will improve double digits. Specifically, TrueCar anticipates there will be 1.97 million used units moved by the end of January, representing a 5-percent year-over-year gain and a 30-percent sequential decrease. Officials noted […] [Read More]

While Volkswagen led the way among manufacturers in Strategic Vision’s 2010 Total Value Index report, one of the biggest stories within the rankings is that for the first time ever, Ford performed better than Honda. Eight Volkswagen models (including the VW and Audi brands) were recognized for their Total Value scores in their respective segments, which is the […] [Read More]

Now that a year has passed since Toyota’s highly publicized issues with unintended acceleration, Edmunds.com declared that some potential buyers are still avoiding the brand. Edmunds.com reported that the number shoppers using its tools to consider Toyota vehicles dropped 2.3 percentage points to 17.9 percent this past month compared with December 2009. Overall, Edmunds.com found that […] [Read More]