While the percentage of consumers who say they are only considering a new car is significantly higher than the share of used-only shoppers, actual registration data tells a different story. That’s according to the 2013 Edmunds.com Car Shopping Trends Report, which broke down some consideration and registration data in the new- and used-car markets. [Read More]

Used Car Week 2013, presented by Auto Remarketing, has announced even more speakers for its series of four conferences set for Nov. 11–15 at the Manchester Grand Hyatt in San Diego. [Read More]

Ford and Sirius XM Radio announced that the Blue Oval will be the first automaker to offer in-vehicle access to the SiriusXM Internet Radio app in Ford vehicles equipped with SYNC AppLink.  Ford customers driving vehicles with these capabilities will have access to the MySXM and SiriusXM On Demand features of SiriusXM Internet Radio on […] [Read More]

DealerSocket revealed this week its Certified Partners program is now in pilot. The new program uses a suite of application programming interfaces to provide integration points between DealerSocket and third-party partners, including DMS vendors, call-tracking vendors and fulfillment centers, the company explained. [Read More]

DealerFire has announced the release of three new product features and enhancements to Ignite, its proprietary Content Management System, which are now available as standard offerings to the company’s dealership clients. Leif Richards, vice president of Web services at DealerFire, said, “Developing ways to improve usability and add value to our system is a priority […] [Read More]

Carfax has launched a free service that allows car owners to track service history and make vehicle maintenance easier. Through myCARFAX, car owners receive automatic service alerts and get critical information about open safety recalls reported for their car. Consumers can create a free myCARFAX account through a mobile app for iPhone and Android products […] [Read More]

Two new records were set by Charleston Auto Auction, at its 10th annual Luau/Pig Pickin’ & Car Sale, held June 14. The auction hosted featured more than 1,600 vehicles, a record for the company, along with 800 dealers and $35,000 in cash and prizes, auction officials reported. Dealers began the auction day with a pig […] [Read More]

CARY, N.C. — Two auto industry leaders who have close relationships with Rick Hackett, the assistant director of the Consumer Financial Protection Bureau whose jurisdiction included vehicle financing, shared nothing but glowing assessments of the regulator who announced he was leaving the agency by the end of the month. FinCo Management president Toby Reiley used […] [Read More]

SANTA MONICA, Calif. — While the percentage of consumers who say they are only considering a new car is significantly higher than the share of used-only shoppers, actual registration data tells a different story. That's according to the 2013 Edmunds.com Car Shopping Trends Report, which broke down some consideration and registration data in the new- […] [Read More]

IRVINE, Calif. — This week, Consumer Portfolio Services closed its second term securitization of the year. The transaction is CPS's ninth senior subordinate securitization since 2011. In the transaction, the company highlighted that qualified institutional buyers purchased $205 million of asset-backed notes secured by automobile receivables purchased by CPS. The sold notes, issued by CPS […] [Read More]