Experian Automotive previously reported that monthly payments for new-vehicle retail installment contracts originated during the first quarter reached a record high at $523. The monthly payment for a used model approached $400 with analysts pinpointing it at $372. On Tuesday, Ally Financial released results of a poll that showed the depth of consumers who have […] [Read More]

National Auto Care Corp. is changing hands again. The provider of F&I products, administration, consulting services, training and marketing support to independent agents, insurance companies, financial institutions, third-party administrators and credit unions, has entered into an agreement to be acquired by Lovell Minnick Partners, a private equity firm specializing in financial and related business services […] [Read More]

Amid five consecutive years of annual sales growth, Mitsubishi Motors North America (MMNA) has made plans to grow its U.S. field operations zone offices from two locations to four locations. The automaker announced Monday that it will assemble new U.S. regional offices that will operate out of Cypress, Calif. and Orlando, Fla. The new offices will join […] [Read More]

Cox Automotive’s HomeNet Automotive said Tuesday it is launching a rebranding campaign. The project is designed to help dealers and HomeNet partners improve online vehicle merchandising efforts, the company said in a news release. It plans to take “a more prominent role in providing services that help (dealers) achieve their dealership objectives,” HomeNet said. “It’s […] [Read More]

Since partnering with Princeton University to make the Enterprise CarShare service readily available to commuters who are interested in on-demand transportation, popularity for the service has tripled in size since its inception, the company announced recently. At a time when Princeton is looking to cut down on the amount of single-occupancy vehicles driven around campus, Enterprise […] [Read More]

eCarOne and Essence Maserati, Alfa Romeo are the latest dealerships to employ the Flexdrive car subscription platform. And eCarOne is the first independent dealership to offer Alfa Romeo vehicles using the service. This news comes on the heels of Flexdrive’s recent expansion in South Florida and Denmark within the past two months. The company has partnered with Florida Fine […] [Read More]

In less than seven months, tech start-up Joydrive is well on its way toward its growth objectives for helping dealerships connect with vehicle buyers who want to complete delivery at home. According to a recent news release, Joydrive has expanded from one store and 500 used vehicles available for an online transaction to approximately 50 […] [Read More]

Black Book looked to put some data and analysis toward questions used-car managers might be asking. On Monday, editors made available a new analytics-driven report that looks at why certain vehicle models were discontinued over the last several years, and how they’ve retained their values since discontinuation. Black Book examined 12 models, including: — Mazda […] [Read More]

While it’s been more than three months since individuals and businesses had to file their federal income forms, the Internal Revenue Service warned that many taxpayers have encountered individuals impersonating IRS officials — in person, over the telephone and via email. The IRS reiterated that the agency initiates most contacts through regular mail delivered by […] [Read More]

Automotive Personnel founder and chief executive officer Don Jasensky offered a strategy so finance companies and other employers can handle one of the most challenging portions of the hiring process — the potentially large chasm between the salary offered and the compensation expectations of the top candidate. Jasensky began by emphasizing to management that there […] [Read More]