As was expected, AmeriCredit shareholders voted in favor of the company’s acquisition by General Motors. Since more than the required 66.7 percent of AmeriCredit issued and outstanding shares voted in favor of the transaction, executives said the merger is now expected to close Friday, Oct. 1. The votes were reported at a shareholder meeting held […] [Read More]

With TrueCar.com analysts believing the best day in September to purchase a new-vehicle is Thursday, they rattled off more than 10 models with double-digit discounts. Leading the way on this list with the greatest incentive and rebate package to reduce the MSRP is the 2010 Chevrolet Cobalt. Incentives reduce the vehicle price by 24 percent […] [Read More]

Subaru of America says it has worked hard to build a reputation for generous adoption assistance for its employees. As a result for the second year in a row, Subaru learned this week it was ranked No. 1 in the auto industry on the list of Best Adoption-Friendly Workplaces in America issued by the Dave Thomas Foundation […] [Read More]

As gas prices have become more manageable, the popularity of SUVs — which contracted in the fuel-cost spike of 2008 — has returned to strong levels; however this comes with a caveat: Consumers are heading to the used side of the SUV market, shared Chris Shunk of AOL Autos. With this in mind, AOL Autos released of list […] [Read More]

The group of 14 models vying for 2011 North American Car of the Year honors was revealed Friday, and leading the pack were General Motors and Nissan, each of which were represented by three contenders on the car list. There were 27 new cars that were eligible for the honors and jurors trimmed that down […] [Read More]

A repossession agent made a gruesome discovery while on assignment earlier this month in this community north of St. Louis. The local sheriff’s office eventually determined the agent uncovered a murder-suicide. The agent arrived at the home and found two deceased individuals, according to reports from the Madison County Sheriff’s Department published by the St. Louis […] [Read More]

As OPENLANE prepares to launch new enhancements and special promotions at this week’s annual American Recovery Association convention, the company also shared how many agencies have registered to remarket repossessed vehicles since the beginning of the year. OPENLANE executives indicated more than 80 recovery companies, representing hundreds of lenders and thousands of repossessed vehicles, are […] [Read More]

The rebound in gross domestic product has tapered off as of late, but the economy and GDP will likely make the improvements needed for there to be roughly 11.5 million new vehicles sold for full-year 2010 and about 13.5 million for 2011, according to the National Auto Auction Association’s Auction Industry Report. NAAA economist Ira […] [Read More]

In an apparent retort to Avis Budget Group upping its offer to acquire Dollar Thrifty Automotive Group the day before, Hertz Globing Holding said Friday that the price in its agreement with Dollar Thrifty is its “best and final offer” and believed that the deal will be green-lighted by DTAG’s shareholders when they meet later […] [Read More]

General Motors of Canada has rolled out a new financing package via Ally that allows its dealers to offer consumers flexibility, attractive rates and some of the benefits of a lease without the drawbacks. Basically, when a customer chooses the Smart Purchase financing program, the term of the loan is for up to 84 months. [Read More]