On Tuesday, Chrysler Group responded to a NHTSA recall letter that involved a total of approximately 2.7 million vehicles. The recall request letter deals with the Jeep Grand Cherokee in model years 1993 to 2004 and the Jeep Liberty in model years 2002 to 2007. The recall request calls into question certain models in regards […] [Read More]

The volume of hybrid and plug-in cars is growing, and Black Book’s Ricky Beggs says hybrid price retention is closing the gap versus sister gas models. According to www.hybridcars.com, the level of hybrid-only penetration has grown from 3.15 percent of the market in 2012 to a current level of 3.34 percent through April; electric versions […] [Read More]

NCM Associates and DrivingSales University revealed Tuesday a dealership training alliance in an effort to address the “need for Web-based training" in the areas of digital sales and marketing best practices. DrivingSales University is an on-demand, Web-based training platform “focused on teaching the latest Web strategies from a variety of top e-commerce experts,” the company […] [Read More]

Following the devastating tornado in Oklahoma last month, several areas of the state continued to be pummeled by heavy storms and flash flooding, including another round of twisters on Friday, the second in two weeks. To help dealership employees affected by the deadly storm that struck Moore, Okla., on May 20, the Oklahoma Auto Dealers […] [Read More]

CARY, N.C. — As the calendar approaches the midpoint of 2013, lenders, dealers and service providers are getting a clearer picture about just how unusual this year's tax season was for the used-vehicle industry. Among the perspectives collected by SubPrime Auto Finance News, the two-decade-old viewpoint from Bill Neylan, the president and chief executive officer […] [Read More]

SCHAUMBURG, Ill. — As new-vehicle leasing hit record levels, Experian Automotive's latest analysis showed how much momentum the subprime finance sector gained during the first quarter. According to its State of the Automotive Finance Market report released on Tuesday, Experian found that the market share for finance companies — lenders such as Santander Consumer USA […] [Read More]

BEAVERTON, Ore. — Westlake Flooring Services recently entered into an agreement with Quiktrak, an asset verification and inventory audit solutions provider to handle the auto finance company's field auditing services. Officials highlighted Westlake has experienced tremendous growth in just a few short months since launching a full-service dealer flooring product. Westlake intends to utilize Quiktrak's […] [Read More]

NORWALK, Conn. and TORONTO — Element Financial Corp. and GE Capital announced a definitive asset purchase agreement late last week under which Element would acquire GE Capital's Canadian fleet portfolio. The deal the companies entered would also result in Element and GE Capital creating "a strategic alliance to deliver comprehensive vehicle fleet financing and management […] [Read More]

Despite declines by both franchised and independent dealers, industry-wide used-vehicle sales nudged higher in May, climbing just under 2 percent from the year-ago period, according to the latest data released by CNW Research this morning. Year-to-date sales through five months are up 4.3 percent. And within the certified pre-owned slice of the used-car market, several […] [Read More]

Today, Dealer.com introduced MyCars to its website product family, a solution site executives described as a convenient feature at the top of a dealer website. The site highlighted that MyCars can make the vehicle shopping process more organized, more informative and more actionable for the shopper, and can provide the dealer with valuable insights that […] [Read More]