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]

GE Capital Fleet Services recently found out just how much it saved customers last year. Officials said this week that the total savings for 2010 was $326 million. They added company-leased versus company-owned vehicles yielded the highest cost savings of more than $68 million. “Our strategic consulting team conducts an in-depth analysis of a customer’s […] [Read More]

On the heels of making several major acquisitions, AutoTrader.com announced Monday that it has tapped a veteran of parent company Cox Enterprises to serve as its chief financial officer. Stepping into the role Feb. 7 will be Dallas Clement. His most recent post was as Cox Communications’ executive vice president and chief strategy officer. [Read More]

The climbing price at the pump is producing significant effects on what new- and used-vehicle shoppers are considering, according to the latest Kelley Blue Book Market Intelligence survey. KBB analysts explained that the current economic situation, coupled with concerns over the level of prices at the pump, has resulted in 70 percent of shoppers saying they have shifted their […] [Read More]

Edmunds.com discovered purchase consideration for the Chrysler 300 nearly doubled after the automaker unveiled its redesigned model at this month’s North American International Auto Show in Detroit. The day after this Chrysler model was showcased to media in the Motor City, a total of 16.9 percent of shoppers researching vehicles in the large car segment checked […] [Read More]

Along with an education initiative announced with Recovery Services Industry Co., Digital Recognition Network reported it recently reached a certification training deal with Recovery Compliance Solutions. The pact means DRN’s national network of more than 450 affiliates can attend the RCS certification program for free. To complement its core service offering to lenders, Recovery Compliance Solutions in […] [Read More]