The tail-end of the month could be a boon for auto dealers should consumers respond to what TrueCar.com has called the most ideal days to make a vehicle purchase in January. TrueCar projects that Jan. 31 will have the month’s strongest discounts off MSRP, with possible price reductions at 8.03 percent. Mere inches behind is […] [Read More]

The used-vehicle market in January has been more robust year-over-year across the board, and overall used sales in the U.S. are expected to improve more than 3 percent from the first month of 2010, according to CNW Research. Specifically, the market is projected to move more than 1.95 million used vehicles during the month, up […] [Read More]

Dealer Services Corp. of Indiana said Monday it is now providing its dealer customers with a series of smartphone applications to allow them to complete various finance-related tasks while on the go, including tapping into floor planning services. Dealers can also utilize DSC Unplugged for checking out titles and managing their accounts with DSC of Indiana. […] [Read More]

American Recovery Association leaders bolstered the agenda for the third annual North American Repossessors Summit in two ways. Not only does the event include a full program of topics lead by key industry leaders, but it also incorporates another education session for the Collateral Recovery and Remarketing Accreditation Program. This year’s summit is set for […] [Read More]

Credit unions continue to gain market share from traditional banks as consumers seek lower fees, competitive interest rates and more personal service. Many credit unions are offering a robust suite of services, including auto loans, as a way of winning and keeping clients. While credit union offerings have grown to match that of larger financial […] [Read More]

They exhibit more enthusiasm toward car shopping than their Generation X and baby boomer counterparts and show great loyalty to automotive brands. However, they often show apprehension about visiting dealers, and if treated poorly by a salesperson, Generation Y shoppers are also quick to turn away. And more importantly, a year from now, they will likely […] [Read More]

General Motors said Friday that it has finished pumping about $2 billion of its common stock into the automaker’s hourly and salaried U.S. pension plans. GM announced back in October it would be making the voluntary stock contribution and giving $4 billion to the plans. The automaker contributed cash prior to giving the stock shares to the pension […] [Read More]

The Treasury Department is receiving a hefty sum thanks to a decision announced late last week by Ally Financial’s board of directors. The board declared quarterly dividend payments for certain outstanding preferred stock.   Members revealed a quarterly dividend payment was declared on Ally’s fixed rate cumulative mandatorily convertible preferred stock, Series F-2 (Series F-2 preferred […] [Read More]

Five federally appointed overseers for the expenditure of Troubled Asset Relief Program (TARP) funds reported Thursday that success of the Treasury Department’s assistance to General Motors and Chrysler is on “a promising course.” The Congressional Oversight Panel released its January oversight report and insisted the financial state of taxpayers’ investments has improved starkly. While still […] [Read More]

Despite a slowdown in values during the final six months of 2010, full-year used-vehicle prices fell less than 3 percent and finished the year with a relatively steady month, according to Kelley Blue Book. Not only that, but retained value comparisons for full-year 2010 showed improvement yet again, the company said in the latest Blue Book […] [Read More]