SANTA MONICA, Calif. — The overall picture of the new-vehicle market's health may not actually be as rosy as it seems, analysts with Edmunds.com said Tuesday.  The site indicated that the seasonally adjusted annualized rate for new-vehicle sales is close to 12 million units through this point of July, but that doesn't mean the industry is […] [Read More]

SANTA MONICA, Calif. — TrueCar revealed Tuesday that it has gained access to new financing that can help push its growth and acquisitions further. More specifically, included in the $35.5 million round of funding is a $21.1 million credit facility from Silicon Valley Bank as well as financing from USAA, Capricorn Investment Group and GRP Partners. […] [Read More]

ROYAL OAK, Mich. — Officials from the Saab Club of North America expect this year's Saab Owners Convention to be even more memorable since the brand did not disappear thanks to its sale to Spyker Cars. The nameplate's annual enthusiast gathering in Aurora, Ohio, is scheduled to begin Thursday, culminating with a Saturday night banquet that includes […] [Read More]

CITRUS HEIGHTS, Calif. — Whether you are a small credit union with just a few repossessions or a larger credit union with many, proven industry tips can help your bottom line. Included here are two frequently asked questions. I would like to sell the vehicle for more money, so should I fix the damages? Be careful […] [Read More]

PALATINE, Ill. — License plate recognition technology provider MVTRAC recently tapped an industry veteran to be the director of its 2010-2011 advisory board. Named to the role is one of the owners of AZ Asset Recovery, Maria Olson. MVTRAC is asking Olson to facilitate communications, events, memberships and other board objectives. MVTRAC established its advisory board in […] [Read More]

SANTA MONICA, Calif. — Since gas prices haven't rocketed back up to mid-2008 levels, TrueCar.com analysts have noticed demand for SUVs is as strong as ever. The July edition of the TrueTrends by TrueCar Report shows that 2010 SUVs are the fastest-selling category of vehicles. Analysts pinpointed luxury and midsize SUV segments, specifically, as being discounted less […] [Read More]

DETROIT — The Ally Financial Board of Directors recently declared quarterly dividend payments for certain outstanding preferred stock, with the largest dividend to be paid out to the U.S. Department of Treasury. Basically, a quarterly dividend payment was declared on Ally's Fixed Rate Cumulative Mandatorily Convertible Preferred Stock, Series F-2, of about $257 million, or […] [Read More]

CARY, N.C. — The leading story this past week at AutoRemarketing.com shared details about plans by Wells Fargo Financial to restructure and what that could mean for its auto loan business. Readers also wanted to know more about ADP's anticipated acquisition of Cobalt. The top five stories from AutoRemarketing.com this week are: 1. Wells Fargo Financial […] [Read More]

IRVINE, Calif. — In light of the 2011 model year kicking off, Kelley Blue Book's Kbb.com recently released a list of the new models that have the best chances of enticing shoppers. Kbb.com said the 2011 class of new models is comprised of vehicles that "break new design ground" but also consist of revamped versions of […] [Read More]

TUSTIN, Calif. — When AutoPacific released its 2010 Ideal Vehicle Awards on Tuesday, one Big 3 automaker dominated the results, as its models took home more than 40 percent of the segment awards. Ford vehicles were honored in 11 of the 27 segment categories and the next closest OEM, General Motors, took home three awards. Moreover, the Ford […] [Read More]