On Friday, a free seminar under The Car Counselor’s TARP 2.0 Dealer Tech Series will be held at Columbus Fair Auto Auction in Ohio to help industry professionals prepare for the impact of developments in the federal government and more. [Read More]

The developments in electric-vehicle technology and the arrival of these cars to the market have grabbed headlines this year, but are consumers really gravitating toward these vehicles? According to a Kelly Blue Book Market Intelligence Study, not yet, apparently. The study found that just 7 percent of shoppers said they would be apt to put […] [Read More]

The underwriters in General Motors’ recent initial public offering have chosen to fully exercise their over-allotment options. This means the automaker’s IPO has now likely become one of the biggest in the world, bringing in more than $23 billion. The underwriters are purchasing 71.7 million shares of GM common stock and another 13 million shares of mandatory convertible […] [Read More]

Giving credit to strong results from its recent conversion offers, Ford announced it will be cutting more than $1.9 billion off its automotive debt and plans to become “clearly net cash positive” before the year ends. Moreover, Ford said the conversion offers will help lead an approximate $180 million reduction in annualized interest costs. [Read More]

Edmunds.com recently discovered how much higher trade-in values for three-year-old vehicles were in October versus the same month in 2007. The site calculated trade-in values for these three-year-old models were 10.3 percent higher. That rise, coupled with more attractive interest rates than the norm back in October 2007, prompted site analysts to advise consumers to […] [Read More]

Hagerty Insurance Agency released on Monday its list of mass-produced 2011 models under $100,000 it believes are the most likely to end up as collector cars several years down the road. Taking the No. 1 spot on the Hagerty Hot List this year is the 2011 BMW 335IS, followed by the 2011 Cadillac CTS-V Coupe and […] [Read More]

Recovery Assurance, a repossession management firm recently founded by American Collateral Recovery Group, has now partnered with Inilex, a provider of GPS-enabled telemetry solutions.  Company officials explained Inilex has developed a proprietary program specifically designed to assist in monitoring and recovering lost vehicles. With this unique program, Recovery Assurance insists it can monitor and coordinate […] [Read More]

Is sending letters through the mail still the best way for debt collectors to make a connection with consumers in default? The most recent monthly membership survey of ACA International, the Association of Credit and Collection Professionals, showed the effectiveness of letters could be wavering. The association first asked participants to evaluate their use of […] [Read More]

Edmunds.com doesn’t think the industry should be alarmed by its November new-vehicle sales forecast that shows month-over-month and year-over-year comparisons going in different directions. Site analysts believe November new-vehicle sales, including fleet, are expected to be approximately 865,500 units. That figure represents a 17-percent increase from November of last year. However, it’s an 8.1-percent decrease […] [Read More]

Federal officials announced last week that the early proceeds from General Motors’ initial public offering allowed the automaker to pass a significant threshold in money returned to the U.S. Department of the Treasury. With GM sending $11.7 billion to the Treasury, the total amount of Troubled Asset Relief Program funds returned to taxpayers now exceeds […] [Read More]